The current status of foreign development of power storage

How will the energy storage industry evolve in 2022?

Second, it describes the development of the energy storage industry. It is estimated that from 2022 to 2030, the global energy storage market will increase by an average of 30.43 % per year, and the Taiwanese energy storage market will increase by an average of 62.42 % per year.

What is the current situation of the energy storage industry in Taiwan?

The current situation of the energy storage industry in Taiwan Taiwan has a demand for energy storage systems, electric vehicles, and industrial development. Taiwan's foundation in the energy storage industry is in the field of battery technology, but it is difficult to compete with international manufacturers in terms of costs.

What is the current energy storage capacity?

In terms of energy storage systems, their current energy storage capacity as of 2020 is, but it is estimated that their energy storage system capacities will reach 590 MW by 2025. The key process is briefly shown in [Table 5]: .

Is energy storage a key development industry?

Advanced countries throughout the globe have begun to list energy storage as a key development industry. This research is qualitative, not quantitative research, and focuses on “energy storage” as being among the 4 main axes of energy creation, energy saving, energy storage, and smart system integration.

Will energy storage be stable in the future?

This may mean that electrochemical energy storage will enter a relatively stable period in the future, while thermal energy storage and electromagnetic energy storage will enter a period of rapid development.

How has China accelerated its energy storage development?

Specifically, as a developing country facing significant challenges such as environmental pollution and carbon emissions, China has accelerated its energy storage development and widely promoted the advancement of energy storage technologies . This has led to a narrowing gap between China, the US, and Europe.