China's energy storage industry will face explosive growth, and technology cost has become the biggest problem

In 5 years, 10 years, or even 20 years later, China's energy storage industry will usher in explosive growth
.
In the future, it is the industry consensus
that China will become the world's largest energy storage application market.

For China to realize its ecological dream, everything is inseparable from energy storage
.
However, at present, China's energy storage industry is still facing many problems, which hinders its large-scale development and application
.
In terms of promotion, the development of energy storage in China still stays on demonstration projects and has not been widely commercialized
.
In terms of technology, China's energy storage is not mature, and its insecurity, instability, pollution, self-discharge and other problems, as well as the long running-in period required in the power system, have made some enterprises prohibitive
.

From a global perspective, energy storage technology still needs to be continuously improved and improved
through a large number of demonstration projects.
This is a necessary stage for the development of energy storage, and it is also a necessary preliminary preparation
for the large-scale promotion of energy storage technology.
If the technology is not mature, it is impossible to promote it on a large scale, and it is impossible to achieve large-scale and industrialization
.

Energy storage has not yet been commercialized on a large scale, in addition to immature technology, the high cost of energy storage equipment research and development leads to the imbalance of investment and income of energy storage applications, which is also an important reason
hindering its marketization.
High cost is indeed the core problem
that plagues the development of the entire energy storage industry.
At present, there are still relatively few policies and methods related to financial subsidies for China's energy storage industry, demonstration projects lack continuous tracking and timely feedback, there is no clear electricity price and cost accounting system and cost recovery and other action plans, and policies to encourage and attract investment and financing are also insufficient
.
Therefore, China should formulate corresponding financial support policies and explore the establishment of an energy storage price mechanism
that is compatible with the market-oriented operation of electricity.

In addition, the lack of compensation mechanism is a collective problem
faced by the current energy storage industry.
At this stage, it is still necessary to introduce a market-oriented electricity price compensation mechanism, with a compensation mechanism, the payer, the new energy power generator, the owner and the market capital party can participate, forming this mechanism, the energy storage industry can develop
.