Are pumped storage power plants a problem in China?

To address the problem of unstable large-scale supply of China's renewable energy, the proposal and accelerated growth of new power systems has promoted the construction and development of pumped storage power plants (PSPPs), and the site selection of conventional PSPPs poses a challenge that needs to be addressed urgently.

Why is China accelerating the development of pumped storage plants?

Recently, based on the goal of “peak carbon emission and carbon neutralization”, China's long-term plan for the development of pumped storage plants, stepping up the resumption of work and production in the post epidemic period, promoting employment and other issues, China has accelerated the construction of pumped storage plants.

Is pumped storage plant a life cycle benefit evaluation model?

Based on the pumped storage electricity price mechanism and conforming to the construction law of China's spot power market, this paper established a life cycle benefit evaluation model of pumped storage plant through different market stages, and the evaluation results can provide decision-making reference for investors and national policy makers.

Can pumped storage plant promote low-carbon transformation of China's power system?

A life-cycle economic benefit model undergoing multi marketization stages is proposed. The policy impact is evaluated by simulating the approval process of capacity price. Pumped storage plant can help promote the low-carbon transformation of China's power system because of its fast response and energy time shift.

How long is the development cycle of pumped storage in China?

The development cycle of the pumped storage is long, and at least 8–10 years are needed from the planning to the completion. In the long run, the site selection planning of PSPSs should be carried out rollingly in the next few years to solve the exploitation problem of the pumped storage in China after 2030. 8. Conclusion

Should Chinese power systems develop pumped storage systems?

The result shows the urgency of developing the PSPS in Chinese power systems that have given priority to thermal power, and the energy resources need the wide-range optimal allocation within the system. The development cycle of the pumped storage is long, and at least 8–10 years are needed from the planning to the completion.