The just-concluded Beijing 2022 Winter Olympics is China's answer to "green Olympics" to the world.
From hydrogen fuel torches to hydrogen vehicles, the high "hydrogen content" of the Beijing Winter Olympics is behind the rapid rise of solar, wind and other renewable energy sources in China's energy system under the dual carbon target.
Just like digging gold to get rich, the rapid development of renewable energy makes the Energy Storage industry become another "hot chicken" in the new energy market.
The emergence of new energy vehicles and the 10-year hibernation of photovoltaic wind power have laid a solid foundation for today's energy storage technology. However, stepping on the shoulders of "giants", energy storage industry can therefore avoid detours? To what extent can energy storage giants reap benefits in 2022?
Tech giants are on the move
The development of energy storage technology and equipment has broken the time and space limit of energy application, improved the efficiency and convenience of human energy use, and thus accelerated the development of human society.
The current global energy war between countries is also bound to be accompanied by a war over energy storage technology.
As a matter of fact, as energy storage has become a strategic level in many countries, tech giants, especially new energy giants, have also moved to develop the layout of energy storage track.
Ningde Times has been laying out energy storage track since 2018 by setting up joint ventures and buying shares. According to ningde Times Annual Report, ningde Times realized the sales revenue of energy storage system of 1.943 billion yuan in 2020, with a year-on-year growth of 218.56%.
Byd started exploring energy storage earlier in 2009, and now its energy storage products have achieved a comprehensive coverage from home energy storage systems, industrial and commercial energy storage products, and public grade container systems.
Huawei's entry into the energy storage circuit further upgrades the energy storage fever.
On June 7, 2021, Huawei Digital Energy Technology Co., Ltd. was formally established. On the same day, Zhang Xianmiao, vice president in charge of smart photovoltaic business, said that Huawei will focus on the cost of per hour of electricity, including photovoltaic and other new energy technologies, to build a zero-carbon society. More than four months later, Huawei officially announced on October 18, 2021 that it had successfully signed the world's largest energy storage project so far -- Saudi Arabia Red Sea New City energy storage project, with a scale of 1300MWh, which once again aroused market attention.
Electrochemical energy storage has attracted much attention
Energy storage, as its name suggests, is the process of storing energy through technology and equipment and then releasing it in the form of specific energy in another space and time.
In the era of consumer electronics, "energy storage" has long been a common accessory tool in life. The application of energy storage technology can range from cylindrical batteries to charging parts for mobile phones and computers.
According to the different forms of energy storage, energy storage can be roughly divided into electric energy storage, thermal energy storage and hydrogen energy storage. Electric energy storage also includes electrochemical energy storage and mechanical energy storage. Among them, pumped storage (a kind of mechanical energy storage), lithium electric energy storage (a kind of electrochemical energy storage) and hydrogen energy storage are the three most concerned by the market at present.
Pumped storage is the most widely used based on the advantages of low cost, long life and mature technology. Data show that from 2000 to 2020, pumped storage accounted for more than 90% of the total installed capacity of energy storage worldwide, reaching 90.3%.
However, due to geographical constraints, high investment, long construction cycle and other factors, the development of pumped storage is also slowly. By the end of 2020, the cumulative installed capacity of pumped storage accounted for 90.3% of energy storage projects in the world, down 2.3% year on year. But in the future, it is still one of the main ways of energy storage.
Under the condition that the development of hydrogen energy is generally optimistic, hydrogen energy storage has also become the focus of the market. However, at present, hydrogen energy storage technology and cost have not reached the ideal stage of promotion and application, and the industrial chain development is also in the early stage. But in the long run, hydrogen energy storage is definitely the main direction of future energy storage.
In contrast, electrochemical energy storage shows high cost performance and is considered to be the most promising technology direction for commercialization, which will be the focus of the development of energy storage circuit in the next 5 to 10 years.
lithium ion battery is the most important type of electrochemical energy storage. Data show that by the end of 2020, the cumulative installed capacity of electrochemical energy storage increased by 2.3% to 7.5%, corresponding to 14.2GW installed; Among them, the proportion of Lithium Battery exceeded 90% for the first time, about 13.1GW.
Since 2020, in order to achieve the goal of "dual carbon", China has issued a series of mandatory and incentive policies supporting the development of solar energy storage, which has directly promoted the application of electrochemical energy storage in the field of centralized renewable energy grid connection. Electrochemical energy storage has been suppressing solar energy generation output
Who will stand out
From new energy vehicles to wind power photovoltaic, in the past decade or so, the market has witnessed the growth miracle of multiple segments of the new energy circuit driven by policies. Today, energy storage has become an overwhelming focus of the market. It is believed that the energy storage industry will repeat a similar development path, with policy-driven and early-stage investment, bursting at a critical point in the future.
Since the second half of 2021, energy storage track has been receiving many favorable policies from the central and local governments.
The central level, July 23, 2021, the National Development and Reform Commission, the National Energy Administration official issued "about to speed up the guidance to promote the development of new energy storage" is put forward, by 2025 the domestic size of more than 30 million kilowatts, realize the changes in the development of new energy storage from the early stages of commercialization of large-scale, by 2030 a new type of energy storage market development in an all-round way.
At the local level, in 2022, many local governments have also frequently launched relevant policies on energy storage construction to ensure the development of the industry. According to statistics, as of early February this year, a total of 25 provinces including Zhejiang, Shandong, Sichuan, Hebei and Shanxi have included energy storage development into the focus of work in 2022 in the government work report.
At the industrial level, ningde Times, BYD and even Tesla and other giants have arrived successively with rich accumulation in the field of new energy vehicles. This competition among the strong is full of expectations.
Under the combined force of policy, capital and technology, energy storage industry will rise rapidly with the energy revolution in China. Ningde times and other enterprises to create brilliant, no doubt just a matter of time.
