Recently, the State Grid of China issued a number of tenders related to energy storage projects.

The Northwest Branch of China Grid, Hubei of State Grid, and Gansu of State Grid have all released research on new energy plus energy storage on grid security and the price mechanism.

There is news that the National Development and Reform Commission is also investigating the market price mechanism of pumped storage and energy storage power stations, and is considering the introduction of relevant policies. The energy storage industry may usher in good news!

At the beginning of 2020, the news of several wind power energy storage projects bidding reignited energy storage enthusiasm. Afterward, more than ten provinces including Hunan, Shandong, Inner Mongolia, and Xinjiang successively proposed new energy distribution requirements, and “new energy + energy storage” became the focus of the industry.

With the goal of carbon neutrality and carbon peaking, China proposes to continue to vigorously develop new energy power generation, and to add more than 1.2 billion kilowatts of wind and solar installed capacity by 2030, and for the first time proposes to build a new power system with new energy as the main body.

This will undoubtedly bring huge challenges to the power grid. In this context, industry insiders point out that energy storage will become a necessity for the power system, and especially new energy + energy storage will become a major trend.