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Home / News / The New Energy Billion-Dollar Industry, The Development Of Energy Storage Lithium Battery Is At The Right Time

The New Energy Billion-Dollar Industry, The Development Of Energy Storage Lithium Battery Is At The Right Time

Views: 355     Author: Site Editor     Publish Time: 2023-03-15      Origin: Site

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On September 24, 2021, the 10th China International Energy Storage Conference was held in Shenzhen. The conference was jointly organized by China's chemical and physical power supply industry and more than 200 institutions.

There were more than 1,600 exhibitors at this conference. It is conceivable how hot this field is for energy storage power supplies.

A company representative said during the exhibition that "this year's business is too much". It is understood that the explosive growth of business is mainly due to the demand for new energy power generation.

As a flexible resource for power regulation, energy storage can alleviate the contradiction of renewable energy depletion to a certain extent, and can ensure the safe operation of the power grid. In terms of policies, so far, more than 10 provinces have issued energy storage policies to encourage the deployment of renewable new energy.

A company representative said: "In 2018, there was a wave of grid energy storage explosions. Affected by policies, grid energy storage was deadlocked in 2019. Now new energy has opened up another breakthrough."

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The energy storage industry has been on an upward trend in recent years. According to the statistics of industry associations, in 2019, the cumulative installed capacity of battery energy storage in the world was 9.52GW, and the scale of new battery energy storage put into operation in that year reached 2.89GW. In the past five years (2015-2019), the compound growth rate of global battery energy storage installed capacity was 65.4%. As of the end of June this year, the cumulative installed capacity of emerging electrochemical energy storage in my country reached 1831MW, an increase of 53.9% compared with the same period last year. 


Liu Yanlong, Secretary-General of China Chemical and Physical Power Supply Industry Association, said that "with the transformation of new energy, energy storage is its core technology and disruptive technology, and the market demand is going further." With the continuous development of power systems and energy storage systems towards intelligence, intelligence, efficiency, and cleanliness, and the advancement of energy storage technology, energy storage has been included in the national top-level design and planning.

This is a trillion-level industry. According to the research report of securities companies, the market size of energy storage is estimated to be tens of billions from the power generation side, and the energy storage market is estimated to be 100 billion from the grid side. If calculated from the user side, The market will reach trillions. Faced with such a huge cake, a group of listed companies have already carried out in-depth layout.



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