The installed capacity of new energy storage has exceeded 12 million kilowatts nationwide, and more than ten provinces are carrying out pilot demonstrations   Energy storage is the key technology and basic reserve to promote the large-scale development and consumption of new energy and improve the safe and stable operation of the power system. At the press conference held by the State Council Information Office today, Liu Mingyang, head of the Electric Power Department of the National Energy Administration, introduced that in recent years, my country's new energy storage has developed rapidly, and the installed capacity has grown rapidly. As of the end of May, the installed capacity of new energy storage has exceeded 12 million kilowatts, and the emphasis on new energy storage continues to increase across the country.   At present, more than ten provinces are carrying out pilot demonstrations of new energy storage, driving the rapid development of various technical routes such as lithium-ion batteries, liquid flow batteries, and compressed air energy storage, and the related industrial chain system is also constantly improving.

Industrial and Commercial Energy Storage vs. Large Scale Battery Storage: Applications   C&I energy storage systems are primarily designed for on-site or near-site energy storage and management applications, including: Backup power: C&I energy storage systems are used to provide backup power in the event of an outage or failure in the grid. This ensures that critical operations can continue uninterrupted, such as data centers, hospitals, and manufacturing plants. Load shifting: C&I energy storage systems can help reduce energy costs by shifting energy use from peak demand periods to off-peak periods when energy is cheaper. Demand response: C&I energy storage systems can be used to reduce peak energy demand during periods of high energy use, such as during heatwaves, by storing energy during off-peak periods and then discharging it during peak demand periods. Power quality: C&I energy storage systems can help improve power quality by providing voltage regulation and frequency control, which is important for sensitive equipment and electronics. In contrast, large-scale battery storage systems are designed for grid-scale energy storage and management applications, including: Storing energy from renewable sources: Large-scale battery storage systems are used to store energy from renewable sources, such as wind and solar power, which are intermittent and require storage to provide a consistent energy supply. Peak shaving: Large-scale battery storage systems can help reduce peak energy demand by discharging stored energy during periods of high demand, which can help avoid the need for expensive peaker plants that are only used during peak periods. Load balancing: Large-scale battery storage systems can help balance the grid by storing energy during periods of low demand and discharging it during periods of high demand, which can help prevent power outages and improve the stability of the grid. Frequency regulation: Large-scale battery storage systems can help regulate the frequency of the grid by providing or absorbing energy to help maintain a consistent frequency, which is important for ensuring the stability of the grid.

Recently, outdoor energy storage, a branch of new energy storage, has suddenly exploded in the global market. According to public information, in the past 4 years, the size of the portable energy storage market has increased by 23 times. From the perspective of sales distribution, the US and Japanese markets account for more than 75%. Chinese companies have become the biggest beneficiaries of this wave of market boom. According to data, China's output of portable energy storage products accounted for 91.9% of the world's total in 2020. The portable energy storage market is growing rapidly. In addition to the increase in demand for outdoor products brought about by the unblocking of overseas markets, technological changes on the supply side are also factors that cannot be ignored. The development of the new energy automobile industry has greatly improved the energy storage efficiency of lithium batteries, but the cost has been rapidly reduced. The data shows that the average unit cost of lithium battery packs has fallen by nearly 80% over the past decade. Research institutions predict that the energy storage market will grow at a compound annual growth rate of 48% in the next five years and reach 80 billion yuan in 2026. Unicorns with annual sales of tens of billions will be born in China in the not-too-distant future.

China's first 10,000-ton-level photovoltaic hydrogen production project was put into operation, with a hydrogen production capacity of 20,000 tons/year by electrolysis of water, and zero carbon emissions in the whole process. On June 30, my country's first 10,000-ton photovoltaic green hydrogen demonstration project - Sinopec Xinjiang Kuqa Green Demonstration Project will be put into operation to produce hydrogen. This marks the first time that my country has realized the industrial application of large-scale photovoltaic power generation direct hydrogen production process and engineering complete set of technology, providing a replicable and scalable demonstration case for the development of domestic photovoltaic power generation hydrogen production industry. Green hydrogen is directly produced by renewable energy such as solar energy and wind energy, and basically does not produce greenhouse gases during the production process. The project utilizes abundant solar energy resources in Xinjiang to directly produce green hydrogen. The hydrogen production capacity of electrolyzed water is 20,000 tons/year, the hydrogen storage capacity is 210,000 standard cubic meters, and the hydrogen transmission capacity is 28,000 standard cubic meters per hour. The green hydrogen produced will be supplied to the nearby Sinopec Tahe River Industry to completely replace the existing natural gas fossil energy hydrogen production, which can reduce carbon dioxide emissions by 485,000 tons per year.

Photovoltaic industry, referred to as PV, is a power generation system that uses solar energy to generate electricity, and is characterized by the application and development of silicon materials to form a photoelectric conversion into an industrial chain. Photovoltaic industry is increasingly becoming a fast-growing industry after T and microelectronics industry in the world. The development of the photovoltaic industry is of great significance to China's adjustment of energy structure, promotion of changes in energy production and consumption patterns, and promotion of ecological civilization.