What Are The Huge Benefits Of The New Energy Storage Policy For Energy Storage Battery Manufacturers?

The new energy storage policy is here! On June 22, 2021, the National Energy Administration issued the latest energy storage policy "New Energy Storage Project Management Regulations (Interim) (Draft for Solicitation of Comments)". The release of the latest policies for the energy storage industry means that the country attaches great importance to the energy storage industry.

Energy storage is very important in power consumption. Energy storage can smooth out power fluctuations, cut peaks and fill valleys, and improve power quality. Due to the important role of energy storage in clean utilization, the installed capacity of my country's energy storage projects has grown steadily.

This policy proposes to stop new large-scale power battery cascade utilization energy storage projects. Power battery cascade utilization energy storage projects that have been completed and put into operation should regularly evaluate battery performance, strengthen monitoring and strengthen supervision, and provide energy storage project holders and energy storage projects. This is a huge benefit for battery manufacturers.

1. Energy storage is crucial in power consumption

What is energy storage? Energy storage is a technology that uses specific devices or physical media to store different forms of energy in different ways for later use when needed. Energy storage mainly includes pumped water storage, compressed air energy storage, flywheel energy storage, superconducting magnetic energy storage, battery energy storage, etc. The "Draft for Comments" pointed out that new energy storage projects are energy storage projects in the main form of output power in addition to pumped storage.

Since fossil energy is limited and will cause pollution, the world has begun to develop and utilize clean energy. But the biggest dilemma of clean energy is instability, low utilization, and obvious peaks and valleys. With the continuous advancement of new energy parity such as wind power and photovoltaics, the continuous increase of new energy installed capacity, and the intermittent and unstable characteristics of new energy power generation, the energy consumption problem caused by this has become increasingly prominent.

Energy storage is very important in terms of power consumption. The power system is a stable and balanced system. Energy storage power stations are used to adjust and buffer between a variety of power sources and power demand, which is equivalent to a "reservoir". The important role of energy storage includes suppressing power fluctuations, cutting peaks and filling valleys, and improving power quality, etc.

2. The installed capacity of energy storage has grown steadily

Due to the important role of energy storage in clean utilization, the installed capacity of my country's energy storage projects has grown steadily in recent years. According to statistics from the Zhongguancun Energy Storage Industry Technology Alliance (CNESA), as of the end of 2020, the cumulative installed capacity of energy storage projects in operation in my country was 35.6GW, accounting for 18.6% of the total global market, a year-on-year increase of 9.8%.

3. Good for holders of energy storage projects

This new energy storage policy is a huge benefit for energy storage project holders and energy storage battery manufacturers. The "Management Specifications for New Energy Storage Projects (Interim) (Draft for Comments)" drafted the management specifications for new energy storage projects from four aspects: planning guidance, filing construction, grid-connected operation, and inspection and supervision.

In terms of record construction, before a key breakthrough in battery consistency management technology is achieved, the power battery performance monitoring and evaluation system shall not be built in principle to build large-scale power battery cascade utilization energy storage projects. Power battery cascade energy storage projects that have been completed and put into operation should regularly evaluate battery performance, strengthen monitoring and strengthen supervision.

On April 21, 2021, the "Guiding Opinions on Accelerating the Development of New Energy Storage (Draft for Comment)" issued by the National Development and Reform Commission and National Energy Administration proposed that by 2025, my country will realize the development of new energy storage from the initial stage of commercialization to large-scale development. Change, the installed capacity reached more than 30 million kilowatts. The release of "New Energy Storage Project Management Regulations (Interim) (Draft for Comment)" demonstrates that the energy storage battery industry will usher in huge development opportunities.