The latest policy for energy storage major

Will energy storage change the development layout of new energy?

The deployment of energy storage will change the development layout of new energy. This paper expounds the policy requirements for the allocation of energy storage, and proposes two economic calculation models for energy storage allocation based on the levelized cost of electricity and the on-grid electricity price in the operating area.

What are energy storage policies?

These policies are mostly concentrated around battery storage system, which is considered to be the fastest growing energy storage technology due to its efficiency, flexibility and rapidly decreasing cost. ESS policies are primarily found in regions with highly developed economies, that have advanced knowledge and expertise in the sector.

What types of energy storage policies have been adopted?

Around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

What is the implementation plan for the development of new energy storage?

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.

How many states have energy storage policies?

As of now, around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

How do ESS policies promote energy storage?

ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.