The World Economic Forum has brought together three perspectives on advancing energy storage deployment in the industrial sector. Gao Jifan, Chairman and Chief Executive Officer, Trina Solar Under the new development trends, the energy storage industry needs a higher quality and more advanced upgrade than ever before.
On the other hand, industrial companies are confronted with high costs of the procurement and deployment of energy storage systems, such as land acquisition, grid connection and financing. The World Economic Forum has brought together three perspectives on advancing energy storage deployment in the industrial sector.
According to the latest research, by 2030 it will be much more straightforward for commercial and industrial energy storage systems to participate in spot markets and provide ancillary services, leading to substantial revenue growth.
The industrial energy storage sector is currently at a crossroads, facing both challenges and promising opportunities. On the one hand, the market potential is vast, with an increasing number of industrial users recognizing the importance of energy storage and showing a growing willingness to install storage systems.
In China, generation-side and grid-side energy storage dominate, making up 97% of newly deployed energy storage capacity in 2023. 2023 was a breakthrough year for industrial and commercial energy storage in China. Projections show significant growth for the future.
It is assumed that land area occupied by the industrial park is 26 km 2, and 24 km 2 is adopted for buildings. The heating and cooling loads of buildings are shown in Fig. 4 (a), which are simulated by the hourly air temperature. Among them, the maximum cooling load is 2933.78 kW, and the maximum heating load is 1439.52 kW.