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What are the big benefits of the new energy storage policy for battery manufacturers?

Energy storage lithium battery

New policy arrive! On June 22, 2021 released the latest energy storage policy. The release of the latest energy storage industry policy means that the country’s energy storage industry attached great importance.

Energy storage plays an important role in power dissipation, such as reducing power fluctuation, peak shaving and valley filling, and improving power quality. Due to the important role of energy storage in clean utilization, the installed scale of energy storage projects has increased steadily.

This policy proposes to stop the construction of large scale power battery cascade utilization energy storage projects. The cascade utilization energy storage projects of power batteries that have been built and put into operation should regularly evaluate battery performance, strengthen monitoring and strengthen supervision, this is a huge boon for energy project owners and energy storage battery manufacturers.

The famous companies of energy storage industry: At present, the listed companies of domestic energy storage battery industry mainly include Ningde Times , BYD Company , SmartPropel , Yiwei lithium energy and so on.

On June 22, the 2021 released the latest energy storage policy, the new energy storage project management code (interim)(draft for comments) . The release of the latest energy storage industry policy means that the country’s energy storage industry attached great importance.

1. Energy storage is essential for electricity absorption

What is stored energy? Energy storage is a technology that stores different forms of energy in different ways through specific devices or physical media for later use when needed. Energy storage mainly includes pump energy storage, Compressed air energy storage, flywheel energy storage, superconducting magnetic energy storage, lithium battery energy storage, etc. Now energy storage lithium battery is most popular on the market, including 12V 100Ah LFP battery, 12V 150Ah LFP battery, 12V 200Ah LFP battery.

Standard lithium battery pack

Because fossil energy is limited, and will produce pollution, so the world to start the development and utilization of clean energy. But the biggest dilemma of clean energy is instability, low utilization, and there are obvious peaks and valleys. With the development of new energy parity, such as wind power and photovoltaic, the installed capacity of new energy is increasing, and the power generation of new energy is intermittent and unstable.

Energy storage is very important in power consumption, power system is a steady-state balanced system, energy storage power station is a buffer between various power sources and power demand, which is equivalent to “Reservoir”. The important functions of energy storage include suppressing power fluctuation, peak shaving and valley filling, improving power quality and so on.

2. The scale of energy storage and installation has grown steadily

Due to the important role of energy storage in clean utilization, the installed scale of energy storage projects in China has increased steadily in recent years. By the end of 2020, the cumulative installed capacity of China’s energy storage projects was 35.6 GW, accounting for 18.6 percent of the global market, up 9.8 percent year-on-year, according to statistics from Zhongguancun Energy Storage Industry Technology Alliance (CNESA) .

3. Beneficial energy storage project holders

ESS

The new storage policy is a huge boon for energy project owners and battery manufacturers. “New Energy Storage Project Management Code (interim)(draft for comments)”mainly from the planning and guidance, record construction, grid-connected operation, monitoring and supervision of four aspects of the drafting of New Energy Storage Project Management Code.

In the aspect of record-keeping construction, no large scale power battery cascade utilization energy storage project should be built in principle until the power battery performance monitoring and evaluation system is perfect. 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, the NDRC and the National Energy Administration issued the draft guidance on accelerating the development of new energy storage, which states that by 2025, China will realize the transition of new energy storage from early commercialization to large-scale development, the installed scale is over 30 million kilowatts. “New Energy Storage Project Management Standards (interim)(draft for comments)”release is reflected in the energy storage industry storage battery industry will usher in a huge opportunity for development.

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