The current status of independent energy storage in north asia

Are independent energy storage stations a good idea?

“Independent energy storage stations are an emerging trend. When energy storage is tied to other systems, it must share its earnings with those other systems,” China Energy Storage Alliance senior policy research manager Wang Si told reporters. Wang Si believes that independent energy storage possesses two advantages.

How has the energy storage industry changed over the past year?

2.The degree of project fulfillment has increased rapidly In the past year, a total of 81.4GWh of energy storage projects were tendered, and 66.2GWh of installed capacity was completed, with a high degree of overall project fulfillment, reaching 81.3%, an increase of 10.3% month-on-month.

What is energy storage in China?

The energy storage on the power side is the second, with wind and solar distribution and storage being the mainstay, accounting for 29.5% of the total. The user side is dominated by industrial and commercial energy storage, and the application of household storage in China has increased slightly, accounting for 7.1% of the total on the user side.

Do market regulations support market entry of energy storage?

Current market regulations and related policies do not support market entry of energy storage. This is especially true of ancillary services market and spot market regulations, which cannot support the full participation of storage in the market, nor allow it to receive full benefits.

Do Jiangxi regulations cover energy storage investment costs?

Industry experts believe that although the release of the Jiangxi regulations provides clarification of energy storage’s identity, the compensation mechanism and subsidies for energy storage provided in the regulations are not enough to cover the investment costs for storage.

What was the CR5 of industrial and commercial energy storage in 2024?

In the first half of 2024, the CR5 of industrial and commercial energy storage was about 36%. As more and more enterprises entered the industrial and commercial energy storage track, we believe that the head of the industrial and commercial energy storage track is far from formed, and the concentration will be more dispersed by the end of the year.