Can energy storage projects be approved separately

Should energy storage be a single service?

Nevertheless, policy and market barriers that have stifled adoption in past years continue to do so. If only considered for a single service, energy storage often costs more when compared to traditional infrastructure such as thermoelectric generators (Diaz de la Rubia et al., 2017).

Does energy storage industry need a policy guidance?

Sungrow Power Supply Co., Ltd.: energy storage industry needs the policy guidance urgently. Machinery & Electronics Business; 2015-6-22: A06. Policy and innovation are key factors for the development of energy storage technology. China Electric Power News; 2016-4-28: 008. Lin Boqiang.

Does energy storage need a reasonable electrovalence policy?

The large-scale promotion of energy storage needs reasonable electrovalence policy. China Energy News; 2015-9-28: 017. The price and subsidy scheme of micro grid will be issued and the energy storage industry would step in new era. Shanghai Securities News; 2015-6-4: F02.

Can energy storage reduce the need for New Generation Investment?

Where capacity markets exist, storage can provide capacity similar to traditional generators, reducing the need for new generation investment. A study by Sioshansi et al. demonstrated that the capacity value of an energy storage device with eight hours of storage would nearly be equal to its rated capacity.

Can energy storage improve power system economics and reliability?

Energy storage can improve power system economics and reliability by providing various market-remunerated and regulated services including, but not limited to, those listed in Table 1. It is important to note that storage can also provide consumer-related services (e.g., demand charge reduction), but these are not discussed in this article.

Is energy storage a precondition for large-scale integration and consumption?

So to speak, energy storage is the precondition of large-scale integration and consumption of RES. However, China's energy storage industry is at the exploration stage and far from commercialization. This restricts the development of RES to certain extent. For this reason, this paper will concentrate on China's energy storage industry.