Favorable factors for the development of industrial and commercial energy storage

(1) Policy support and market incentives

The national and local governments have introduced a series of policies to encourage the development of industrial and commercial energy storage, such as providing financial subsidies, tax incentives, and electricity price discounts. These policies have reduced the initial investment cost of energy storage projects and improved the economic benefits of the projects.

The improvement of the time-of-use electricity price mechanism and the expansion of the peak-valley electricity price difference have provided profit space for industrial and commercial energy storage, making it possible for energy storage systems to arbitrage through the peak-valley electricity price difference, and enhancing the motivation of industrial and commercial users to install energy storage systems.

(2) Technological progress and cost reduction

With the continuous advancement of key technologies such as lithium batteries, the performance of energy storage systems has been improved, while the cost has gradually decreased, making energy storage solutions more economical and more acceptable to the market.

The decline in raw material prices, such as the decline in the price of battery-grade lithium carbonate, will help reduce the cost of energy storage systems and further promote the commercial application of energy storage technology.

(3) Market demand growth and expansion of application scenarios

The rapid growth of new energy installed capacity, especially the popularization of distributed photovoltaics, has provided more application scenarios for industrial and commercial energy storage, such as integrated photovoltaic and storage projects, and improved the utilization rate of energy storage systems.

Industrial and commercial users have increasing demands for energy stability and independence. Especially in the context of dual energy consumption control and power restriction policies, energy storage systems are an important means to improve energy reliability, and the market demand continues to grow.