In 2017, China's energy storage industry is gradually becoming a new force

Energy storage applications run through all aspects of power system transmission, transmission, distribution, and use. Among them, frequency modulation, peak shaving, delaying transmission and distribution expansion and upgrading, backup power, peaking and valley filling, and electricity tariff management are the most energy storage markets. Some applications of value. In recent years, the global energy storage market has steadily advanced. Looking back on 2016, major global energy storage markets such as North America, Europe, and Asia Pacific are booming, and the UK, Australia, and India markets are increasingly active.

After the intensive brewing in 2016, entering 2017, with the gradual clearing of policy support, many companies have begun to increase their efforts to develop energy storage markets and further explore profitable business models. During the “Thirteenth Five-Year Plan” period, the energy storage industry is expected to maintain a healthy and sustainable development trend, break through the threshold of commercial application, realize the multiple values ​​of the system, and become a new force supporting the energy revolution and building China's low-carbon green ecosystem.

Energy storage applications run through all aspects of power system transmission, transmission, distribution, and use. Among them, frequency modulation, peak shaving, delaying transmission and distribution expansion and upgrading, backup power, peaking and valley filling, and electricity tariff management are the most energy storage markets. Some applications of value.

According to Li Wei, senior research manager of Zhongguancun Energy Storage Industry Technology Alliance, the application areas of energy storage include power transmission and distribution, power demand side management, electric vehicles , distributed generation and microgrid, power auxiliary services, and renewable energy generation. At present, the North American, Asia-Europe, and Asia-Pacific markets are the main applications for energy storage, and the UK, Australia, and India markets are increasingly active.

The market demand and investment consulting report of China's energy storage battery industry in 2016-2021 shows that the development of China's energy storage market began in 2010. In the past 2016, the application field of energy storage has become clearer, and the planning of energy storage projects has increased greatly. Energy storage manufacturers, user units and investment and financing institutions have joined forces to actively expand the application market for energy storage, explore various application modes of energy storage, and vigorously promote the commercial application of energy storage.

Up to now, the development of China's energy storage market has gone through three stages of development. The first is the technical verification phase (2000-2010), which is mainly to carry out basic research and development and technical verification demonstration. The second is the demonstration application phase (2011-2015). Through demonstration projects, the performance of energy storage technology is rapidly improved, the application mode is continuously clear, and the application value is widely recognized. Third, in the early stage of commercialization (2016-2020), with the increase of policy support, the gradual rationalization of market mechanisms, and the integration and penetration of many fields, the installed capacity of China's energy storage projects has increased rapidly and business models have gradually established.

Entering 2017, the energy storage industry is expected to usher in an outbreak. According to statistics, in the past five years, the annual compound growth rate of the global energy storage industry has reached 193%. It is expected that the capacity of China's energy storage market will reach 100 billion US dollars in the next decade. "Near water towers first month", Nandu Power, Shanshan shares, Guoxuan Hi-Tech, Xiongyi shares, lion technology and other battery companies have stepped up in the field of energy storage.

The application prospect of energy storage is broad, and the future will create great value for China's economic growth and green energy development. However, as an emerging technology industry, the development at this stage still faces some problems.

Dr. Xiong Bin, a Chinese investment company, believes that the energy storage market has not yet broken out. First, it is limited by cost, and the profit margin is relatively weak. In addition, the capacity of lithium battery manufacturers is limited, and new energy sources with higher price tolerance are faced. In the automotive industry, the development of the energy storage industry is insufficient. Second, the policy is unclear. The development of the energy storage market, especially the peak and valley adjustment, needs to solve the institutional obstacles in the sale of electricity. Previously, the electricity reform has been slow, affecting the energy storage market. development of.

There are also many insiders who analyze that from the current domestic policy trends, as the business model of energy storage is still unclear, it is difficult to introduce a “specific, inclusive” financial subsidy policy in the short term.

Other industry insiders said that the policy will be introduced frequently in the second half of 2016. There will be a more explicit subsidy policy in 2017. The energy storage is already on the eve of the market explosion. 2017 and 2018 must be the period of fierce market competition.

In June 2016, the National Energy Administration officially issued the “Notice on Promoting the Participation of Electric Energy Storage in the Compensation for the Auxiliary Service Compensation (Market) Mechanism in the “Three North” Region”, which accelerated the formation of this market. The document “Renewable Energy Development 13th Five-Year Plan” issued recently has clearly stated that promoting the demonstration and application of energy storage technology is one of the main tasks, and at the same time, it is committed to solving the problem of “abandoning wind and electricity” and ensuring that non-fossils will be realized by 2020. Energy accounts for 15% of primary energy consumption.

In the future, China's energy transformation, access to large-scale renewable energy and further deepening of power system reform will create huge market opportunities for the energy storage industry, and the optimization of energy storage technology will be closer to the needs of the market and users. The improvement of technology and economy, the application of market mechanism and the improvement of pricing system are the priorities of the future. The most urgent need to be solved is the need for all parties to jointly explore and explore a number of markets that can realize commercial profit for the energy storage industry and achieve industrial health. And continuous development.

On the whole, the energy storage industry is rapidly moving towards commercialization. At the technical level, the cost of energy storage technology is rapidly declining and performance is greatly improved. At the policy level, the support system for energy storage industry policy is becoming more and more perfect; at the market level, the electricity market environment supporting energy storage applications is gradually formed; at the economic level, with more energy storage Participation in the power market such as energy, auxiliary services, and capacity will help energy storage achieve multiple application values ​​and revenue stacks, shorten the return on investment cycle, and actively promote the commercial application of energy storage.

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