What is the implementation plan for the development of new energy storage?
In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.
Why is electricity storage system important?
The use of ESS is crucial for improving system stability, boosting penetration of renewable energy, and conserving energy. Electricity storage systems (ESSs) come in a variety of forms, such as mechanical, chemical, electrical, and electrochemical ones.
Why is energy storage important?
Energy storage (ES) represents a flexible option that can bring significant, fundamental economic benefits to various areas in the electric power sector, including reduced investment requirements for generation, transmission, and distribution infrastructure as well as reduced system operation and balancing costs.
What is new energy storage?
New energy storage refers to electricity storage processes that use electrochemical, compressed air, flywheel and supercapacitor systems but not pumped hydro, which uses water stored behind dams to generate electricity when needed.
Can energy storage help maintain grid power supply-demand equilibrium?
However, the inherent intermittency and volatility of renewable energy sources, like wind and solar power, present challenges in maintaining grid power supply-demand equilibrium, prompting the use of flexible technologies such as energy storage as a vital supplement .
How ESS can help in power regulation?
ESS can help in voltage regulation, power quality improvement, and power variation regulation with ancillary services . The use of energy storage sources is of great importance. Firstly, it reduces electricity use, as energy is stored during off-peak times and used during on-peak times.
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