New energy storage is entering a boom period | Project list included

2025 Year 9 The month, the National Development and Reform Commission, the National Energy Administration, and other departments announced. Action Plan for Accelerating the Construction of a New-Type Power System ( 2024–2027 Year)》 Energy storage construction is ushering in new opportunities. New energy storage As a pivotal point for energy allocation and a key enabler for the development of green energy, it is an essential supporting technology for building a new power system.

One, Development Trends in New Energy Storage

01、 Countries around the world are stepping up their strategic investments in new energy storage technologies.

2024 In recent years, factors such as the global energy transition and tight supply of conventional energy sources have accelerated the demand for new energy storage technologies. The United States has released a “Draft Energy Storage Strategy and Roadmap,” the European Union has unveiled the “Net-Zero Industry Act,” and Japan has proposed to— 2030 Annual new energy storage capacity reaches 150 Gigawatt-hour / This year, countries have stepped up their investments to plan for future energy strategies.

02、 The Development Status of New Energy Storage in China

“ 14th Five-Year Plan ” Since then, China’s supportive policies for new energy storage have become increasingly comprehensive, and the industry has gradually transitioned from its early commercialization phase into a stage of large-scale development.

( 1 The policy system is continuously being improved. Local provinces have successively introduced relevant policies: for example, Xinjiang is promoting the integrated development of new energy sources and advanced energy storage technologies; Jiangsu has established a comprehensive revenue model; and Shandong has refined its policy framework to support the development of new energy storage systems.

( 2 ) The scale of development continues to expand. As of 2024 By the end of the year, the cumulative installed capacity of newly commissioned advanced energy storage projects nationwide reached. 7376 Ten thousand kilowatts /1.68 hundred million kilowatt-hours, compared to 2023 Growth exceeds at year-end 1.3 Multiple, average storage duration 2.3 Hours. The North China and Northwest regions have larger installed capacities, with individual stations being relatively large in scale. 10 10,000 kilowatts and above, with energy storage duration 2 Projects lasting one hour or longer account for a high proportion.

( 3 ) Application scenarios continue to expand. With advancements in technology, policy guidance, and market investment, new application scenarios for energy storage are becoming increasingly diverse, enabling these systems to perform a variety of functions in power grids, such as peak-shaving and frequency regulation.

 

II. Key Points for New Energy Storage Project Construction

01、 Planning and design

The provincial energy authorities shall coordinate and plan the overall layout, while the relevant departments at the city (prefecture) level shall strengthen management. When selecting sites for power stations, attention must be paid to safety distances; it is necessary to entrust qualified design institutions to carry out the design work and organize reviews.

02、 Project Filing

According to the “Provisional Regulations on the Management of New Energy Storage Projects,” the filing information shall include the basic details of the project entity, the construction content, and the total investment amount.

03、 Project land

The project site selection requires obtaining a preliminary land-use review opinion. Land can be acquired through transfer or allocation. 2025 The newly revised “Catalog of Allocated Land Use” for the year now includes energy storage power stations and their associated facilities.

04、 Planning permission

Obtain “ Integrated planning of multiple plans ” After reviewing the comments, complete the land-use procedures and obtain the “Construction Project Planning Permit” and the “Construction Engineering Construction Permit.”

05、 Environmental Impact Assessment

For projects involving power transmission and transformation, 500 Kilovolts and above, or involving environmentally sensitive areas 330 For voltages of 1 kV and above, an environmental impact assessment report must be submitted; for others ( 100 (Except for those below 1 kV) an environmental impact assessment report form must be submitted.

06、 Grid-connected operation

After the project is completed, it must pass fire safety acceptance (filing), and then apply to the grid enterprise for grid connection acceptance. Once approved, a metering device shall be installed and the system connected to the grid for operation. At the same time, a grid connection dispatching agreement, a power purchase and sale contract, and a high-voltage power supply and consumption contract must be signed.

07, Business entity requirements

The business scope of the operating entity must include: “ Power supply “” Energy Storage Technology Services ” Currently, other new energy storage projects besides pumped hydro storage have not yet been included in the management of power business licenses.

 

Three, Revenue Sources for New Energy Storage Projects

01、 Electricity market trading

Energy storage power stations can charge during periods of low electricity prices and discharge during peak hours, profiting from the price difference, for example: 2024 Gansu Province, Year 2h The spot charging and discharging price difference for energy storage is: 0.265 Yuan /kWh。

02、 Power Market Ancillary Services

New energy storage systems can provide ancillary services such as frequency regulation and peak-shaving. The grid-connected, standalone energy storage power station in Yangzhong, Zhenjiang, Jiangsu Province, achieves an annual frequency regulation mileage of... 150 Ten thousand MW , obtain 2700 Ten thousand yuan in FM revenue.

03、 Capacity compensation

In some regions, compensation is provided based on the capacity or discharge volume of energy storage power stations. Ningxia has explicitly established a capacity-based electricity pricing mechanism, with pricing set at: 160-165 Yuan / kilowatt . Year.

04、 Policy subsidies

The national and local governments have introduced subsidy policies, such as those in Chengdu, Sichuan Province, which... 2023 For energy storage projects newly built and put into operation since [year], compensation will be provided based on the actual amount of electricity discharged. 0.3 Yuan / Kilowatt-hour operating subsidy.

05、 Capacity leasing

Energy storage power stations can lease their capacity to new energy power plants. The leasing unit price for the independent energy storage project in Haixi Bay, Qingdao, Shandong is: 252 Yuan /kW ・Year.

Case Studies of New Energy Storage Project Construction in Sichuan Province

Panzhihua is building a complete industrial cluster for vanadium battery energy storage.

In recent years, Panzhihua has proposed building... “ China’s Vanadium Power Capital ”，2023 This year, Panzhihua released the province’s first new energy storage plan. “ China’s Vanadium Power Capital — Panzhihua City Vanadium Battery Energy Storage Industry Development Plan ( 2023–2030 year), accelerate the industrial deployment of vanadium batteries. 2024 At the end of the year, State Power Investment Corporation Sichuan Panzhihua. 100MW/500MWh The demonstration project for a all-vanadium flow battery energy storage power station has commenced construction. Upon completion, the project will have an output power capacity of up to 100 megawatts and an energy storage capacity reaching... 500 Megawatt-hour, equivalent to one charge and discharge cycle. 50 The Wandu Power Project is the largest-scale vanadium battery energy storage demonstration project currently under construction nationwide.

Currently, Panzhihua's installed capacity of clean energy 707 Ten thousand kilowatts—there is an urgent need for large-scale energy storage facilities. After the project is completed, its revenue can be generated through methods such as capacity leasing and electricity market trading.

Yibin is building one of the first new energy storage demonstration projects in Sichuan Province.

2024 Year 12 Moon 24 On [date], the commissioning ceremony for Sichuan Province’s first batch of new energy storage demonstration projects was held in the Sanjiang New Area of Yibin. The province’s first batch of new energy storage demonstration projects includes the Sichuan Huadian Yibin Sanjiang New Area project. 100MW/200MWh Electrochemical Energy Storage Power Station Project, Datang Sichuan Yibin 100MW/200MWh Electrochemical energy storage power station projects. The two projects are being pioneered in... 19 The completion and commissioning of one of the province’s first batch of new energy storage demonstration projects marks a crucial step forward for Sichuan Province’s new energy storage initiatives.

 

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Conclusion

Developing new energy storage technologies is an essential path for embracing the energy revolution and driving a green transition. Complementing the advantages of green energy sources such as photovoltaics and wind power, it plays a crucial role in building a new energy system and ensuring the safety and stability of the power grid. “ Stabilizer ” With “ Regulator ” and even more so, it enables us to enhance resource efficiency, respond to emergencies, and move toward... “ Dual Carbon ” The key leverage for achieving the goal.