Strictly control china s network self-invested energy storage

Does China invest in energy storage technology?

Overall, this study is a further addition to the research system of investment in energy storage, which compensates for the deficiencies in existing studies. The Chinese government has implemented various policies to promote the investment and development of energy storage technology.

What are China's energy storage incentive policies?

China's energy storage incentive policies are imperfect, and there are problems such as insufficient local policy implementation and lack of long-term mechanisms . Since the frequency and magnitude of future policy adjustments are not specified, it is impossible for energy storage technology investors to make appropriate investment decisions.

Can China scale up energy storage investments?

This study explores the challenges and opportunities of China’s domestic and international roles in scaling up energy storage investments. China aims to increase its share of primary energy from renewable energy sources from 16.6% in 2021 to 25% by 2030, as outlined in the nationally determined contribution .

How can energy storage technologies address China's flexibility challenge in the power grid?

The large-scale development of energy storage technologies will address China’s flexibility challenge in the power grid, enabling the high penetration of renewable sources. This article intends to fill the existing research gap in energy storage technologies through the lens of policy and finance.

Does China's policy uncertainty affect energy storage technology investment?

Meanwhile, China's policy uncertainty in energy storage technology investment presents as a valuable case study for other countries. Furthermore, the findings of this study are particularly helpful for energy storage investors and policymakers, not only in China but also in other countries.

What is the investment threshold for energy storage in China?

At this stage, the investment threshold for energy storage to involvement in China's peaking auxiliary services is 0.1068 USD/kWh. In comparison, the current average peak and off-peak power price difference in China is approximately 0.0728–0.0873 USD/kWh.