However, China's energy storage is developing rapidly. The government requires that some new units must be equipped with energy storage systems. The concept of shared energy storage has been applied in China, which effectively promotes the development of energy storage. 4.3. Explore new models of energy storage development
It also introduces the application scenarios of energy storage on the power generation side, transmission and distribution side, user side and microgrid of the power system in detail. Section 3 introduces six business models of energy storage in China and analyzes their practical applications.
APsystems is a company in top 10 home energy storage inverter companies in China. This series of products is compatible with low-voltage batteries and is an ideal solution for AC-coupled household photovoltaic energy storage systems. It is small in size, light in weight, flexible and convenient to install.
Energy storage projects in North China are currently the most in China. Due to the geographical environment, the power grid in Northwest China cannot supply power to all regions. Provide electricity to the people of the region through off-grid distributed generation and energy storage systems.
Li added that China's dominance in energy storage technology, particularly in battery cell production, places it in a leading position to shape global storage standards. At the end of the first half, power storage capacity in China surpassed 100 GW, reaching 103.3 GW, a 47 percent year-on-year increase.
Even though several reviews of energy storage technologies have been published, there are still some gaps that need to be filled, including: a) the development of energy storage in China; b) role of energy storage in different application scenarios of the power system; c) analysis and discussion on the business model of energy storage in China.