At the China Energy Storage Western Forum today, Liu Yafang, deputy director of the Science and Technology Equipment Department of the National Energy Administration, said that the "14th Five-Year Plan" is a rare opportunity for the development of my country's energy storage technology and industry. Next, we need to do a good job in four areas: One is to promote the large-scale development of new energy storage. Persist in planning, optimize construction layout, and promote the organic integration and coordinated development of new energy storage and new power systems.
The second is to encourage market-oriented applications of new energy storage. Explore flexible and diverse business models based on local conditions. Under the premise of ensuring safety, explore new models such as shared energy storage, cloud energy storage, energy storage aggregation, and electric vehicle energy storage. The third is to accelerate the improvement of new energy storage systems and mechanisms. Vigorously promote the reform of the power system and the construction of the power market, and create a market environment for fair competition. Study the establishment of a new energy storage price mechanism to promote the reasonable allocation and channelling of energy storage costs.
The fourth is to actively carry out new energy storage technology innovation. Carry out research on new energy storage technologies by means of "opening the list and taking command", promote the organic integration of production, education, research and use, accelerate the transformation of innovation achievements, and enhance the innovation ability in the field of new energy storage. The installed capacity of new energy storage will exceed 4 million kilowatts by the end of this year. In addition, the "Guiding Opinions on Accelerating the Development of New Energy Storage" issued this year by the National Development and Reform Commission and the National Energy Administration proposed that by 2025, the installed capacity of new energy storage will reach more than 30GW-which is 7.5 times the installed capacity of 4GW at the end of this year. This also means that between 2022 and 2025, there will be at least 26 GW of growth space for new energy storage.
Policies are gradually implemented and the development of new energy storage is accelerated Since the second half of this year, a number of policies have included new energy storage, which has increasingly highlighted the importance of this area in top-level design. The [Guiding Opinions on Accelerating the Development of New Energy Storage" mentioned above establishes the business model and market position of energy storage; the National Energy Administration's [Regulations on the Management of Grid-connected Entity Grid-Connected Operation (Draft for Comment)", [Power System Auxiliary In the [Service Management Measures (Draft for Comment)", new energy storage was formally included as a market entity and included in the national grid-connected operation management and auxiliary service management; afterwards, the Energy Administration issued the [New Energy Storage Project Management Regulations (Interim Measures)", Guide industry development. In addition, the "Notice on Further Improving the Time-of-use Electricity Price Mechanism" and the "Notice on Encouraging Renewable Energy Power Generation Companies to Build or Purchase Peak-shaving Capabilities to Increase the Scale of Grid Connections" have also further expanded energy storage demand and application space. The two main lines are expected to embrace development opportunities With strong support from the policy side, new energy storage has moved from the initial stage of commercialization to large-scale development. After realizing the dual guarantee of safety and economy, its installed capacity and growth rate are expected to be high. For example, GGII predicts that global energy storage battery shipments are expected to reach 416GWh in 2025, with a compound annual growth rate of about 72.8%.
And because the power battery and photovoltaic inverter technology routes are similar to energy storage, many leading manufacturers such as CATL, Sungrow, BYD, etc. have successively made moves to seek to take the lead in gaining ground. It is worth mentioning that Penghui Energy said in a survey a few days ago that since the beginning of this year, the company`s energy storage business has been "very ideal", with revenue accounting for 28%, which is an increase beyond expectations; High interest rate business direction tilted transformation. Therefore, batteries and inverters have also become the two main lines that institutions are optimistic about under the accelerated development of energy storage, which is expected to usher in greater development opportunities. In addition, a private equity manager previously told a Cailian News reporter that energy storage next year is the track with the most certain growth expectations. The current valuation is generally high, and it is of course inappropriate to chase high. But as long as the industry's upward logic remains unchanged, the leading varieties will still have a standard direction after each adjustment. In addition, it will also look at Huawei's energy storage business cooperation suppliers and have tapped companies with greater flexibility. ,
