Poseidon energy storage china

Why is energy storage important in China?

Developing energy storage is an important step in China's transition from fossil fuels to renewable energy, while mitigating the effect of new energy's randomness, volatility and intermittence on the grid and managing power supply and demand, he said.

Should energy storage be invested in China's peaking auxiliary services?

Therefore, direct investment in future energy storage technologies is the best choice when new technologies are already available. At this stage, the investment threshold for energy storage to involvement in China's peaking auxiliary services is 0.1068 USD/kWh.

What are the challenges facing energy storage technology investment in China?

Despite the Chinese government's introduction of a range of policies to motivate energy storage technology investment, the investment in this field in China still faces a multitude of challenges . The most critical challenge among them is the high level of policy uncertainty.

What are the challenges facing China's energy storage incentive policy?

The most critical challenge among them is the high level of policy uncertainty. China's energy storage incentive policies are imperfect, and there are problems such as insufficient local policy implementation and lack of long-term mechanisms .

What is the investment threshold for energy storage in China?

At this stage, the investment threshold for energy storage to involvement in China's peaking auxiliary services is 0.1068 USD/kWh. In comparison, the current average peak and off-peak power price difference in China is approximately 0.0728–0.0873 USD/kWh.

Are energy storage products safe?

At present, some energy storage products with inferior quality and insufficient safety design have come to the market owing to lack of safety standards and empirical tests, which is considered as significant impediment to the widespread adoption and utilization of energy storage technologies globally.