Park energy storage subsidy

How long does a subsidy for energy storage stations last?

For new energy storage stations with an installed capacity of 1 MW and above, a subsidy of no more than 0.3 yuan/kWh will be given to investors based on the amount of discharge electricity from the next month after grid connection and operation, and the subsidy will not last for more than 2 years.

Should energy storage operators compete for subsidy contracts?

In several countries, revised capacity markets now allow energy storage operators to compete for subsidy contracts on a more equal footing with power generators. Support from the European Battery Alliance and €1 billion in loans from the European Investment Bank in 2020 alone should help shore up investor confidence.

Do energy storage equipments affect the energy consumption of a park?

It is noticed that the involvement of energy storage equipments is more frequent in the park’s peak and valley periods of energy consumption. By participating in the adjustable load demand response during working hours, the park reduces the cooling load demand within a reasonable range.

What is the energy storage policy?

The policy proposes to promote the large-scale application of energy storage, and support the integrated development of new energy sources such as photovoltaics and energy storage facilities.

How does the energy storage system maintain the energy state?

During the period of 21–24 h, the energy load and energy price in the park continue to decline. Reaching a trough, the proportion of power grid to power purchase has increased, and all energy equipment contributes to maintaining load balance. In addition, the energy storage system also maintains its energy state through charging and discharging.

How to optimize parks with integrated energy systems?

In optimizing parks with integrated energy systems considering integrated demand response, the economic objective of the system operation optimization is usually considered; therefore, the multiple objectives are transformed into a single goal that has to be solved.