New energy storage enters the stage of commercialization

When will energy storage enter the stage of large-scale commercialization?

It is expected that from 2021 to 2025, energy storage will enter the stage of large-scale development and have the conditions for large-scale commercialization . The context of the energy storage industry in China is shown in Fig. 1.

Can energy storage be commercialized?

Energy storage has entered the preliminary commercialization stage from the demonstration project stage in China. Therefore, to realize the large-scale commercialization of energy storage, it is necessary to analyze the business model of energy storage.

What are the two stages of energy storage in China?

The first stage (during China's 13th Five-Year Plan period) realizes the energy storage from the R&D demonstration stage to the initial stage of commercialization; the second stage (during China's 14th Five-Year Plan period) realizes the energy storage from the initial stage of commercialization to the stage of large-scale development.

When will new energy storage development be introduced?

The commission said earlier it will introduce a plan for new energy storage development for 2021-25 and beyond, while local energy authorities should also make plans for the scale and project layout of new energy storage systems in their regions.

Will China expand its energy storage capacity by 2025?

China aims to further develop its new energy storage capacity, which is expected to advance from the initial stage of commercialization to large-scale development by 2025, with an installed capacity of more than 30 million kilowatts, regulators said.

How has energy storage changed over 20 years?

As can be seen from Fig. 1, energy storage has achieved a transformation from scientific research to large-scale application within 20 years. Energy storage has entered the golden period of rapid development. The development of energy storage in China is regional. North China has abundant wind power resources.