Zhongyue energy independent energy storage

What is Zhejiang's largest independent energy storage project?

Zhejiang's Largest Individual Grid-Side Independent Energy Storage Project Officially Commences Construction! On March 11th, the Wuyi 200MW/400MWh grid-side energy storage project in Jinhua City officially started construction. This project is currently the largest individual grid-side independent energy storage project in Zhejiang Province.

Why should new energy storage be developed?

According to the GOADNES and China's State Council, new energy storage should be developed to regulate power supply and transmission. Accordingly, its efficiency and stability will be enhanced, renewable energy development will be supported based on market power, and ITC becomes important at the carbon peak.

Does energy storage hinder the development of on-grid supply of wind and solar power?

Energy storage may hinder the development of on-grid supply of wind and solar power. Therefore, knowing how to design the development pace of energy storage under higher demand for power is very important. It requires a balance between low carbon emissions, economic development, energy transition, and energy safety.

What is the Wuyi project?

This project is currently the largest individual grid-side independent energy storage project in Zhejiang Province. The Wuyi project marks the beginning of Sunwoda's strategic layout in grid-side energy storage in Zhejiang Province, serving as a benchmark and demonstration project for the Sunwoda's energy storage.

How can energy storage improve the learning rate of new technologies?

Policies to promote the development of energy storage such as R&D can quicken the LBD process, which increases the learning rate of new technologies. Moreover, the guidance has also indicated flexible regulation of power storage for a stable power supply.

Does CCUS affect energy storage in low-carbon electricity?

Liu et al. (2023) find positive relationship between CCUS and energy storage in low-carbon electricity. The soaring demand of RE requires improvement on storage for stable power supply, however, CCUS is a promising solution to carbon abatement avoiding exacerbating volatile grid.