Independent energy storage stations are a future trend among generators and grids in developing energy storage projects. They can be monitored and scheduled by power grids when connected to automated scheduling systems and meet the relevant standards, regulations and requirements applicable to power market entities.
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.
To promote the implementation of independent energy storage stations, it is necessary to further optimise the electricity market mechanism. segments and targets. Investor participation is beneficial for the development of the energy storage industry.
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.
Independent energy storage stations lease capacity to wind power, PV, and other new energy stations. Capacity leasing is a stable source of income for owners of independent energy storage power stations. The capacity leased can be seen as energy storage capacity built for new energy projects.
The four longer-duration energy storage demonstration projects will help to achieve the UK’s plan for net zero by balancing the intermittency of renewable energy, creating more options for sustainable, low-cost energy storage in the UK.