Government energy storage industry development

What is the implementation plan for the development of new energy storage?

In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.

Why is the energy storage industry important?

Under dual-carbon targets, the development of the energy storage industry is of strategic significance for building a new energy system, improving the energy structure, ensuring energy supply, and promoting the low-carbon transition in China (He et al., 2023; Lee et al., 2023).

Will China achieve full market-oriented development of new energy storage by 2030?

The country has vowed to realize the full market-oriented development of new energy storage by 2030, as part of efforts to boost renewable power consumption while ensuring stable operation of the electric grid system, a statement released by the National Development and Reform Commission and the National Energy Administration said.

What is China's electric storage industry strategy?

Following the long industry trend of state-centric development, the strategy for developing China's electric storage industry, outlined by Document No. 1701 and highlighted below in Table 1, continues to prioritize central government entities at the forefront of the technological standardization and development process [ 3 ].

Will the energy storage industry thrive in the next stage?

The energy storage industry is going through a critical period of transition from the early commercial stage to development on a large scale. Whether it can thrive in the next stage depends on its economics.

Does a state-centric development strategy hinder China's energy storage industry?

However, within the context of China's electricity sector administrative framework, Document No. 1701's state-centric development strategy reveals fundamental administrative barriers towards the development of China's energy storage industry.