Why is energy storage industry in China a big problem?

Judging from the present condition, cost problem is the main barrier. And the high performance and high security of the relative technology still need to be improved. Until 2020, energy storage industry in China may not be spread massively and the key point during this period is the technology research .

Does China's energy storage industry have a comprehensive study?

However, because of the late start of China's energy storage industry, the comprehensive study for the whole industry is very few. We found a review which provided a relatively comprehensive analysis of the technical and economic issue of it. Compared with other studies, its research has a good comprehensiveness.

Is energy storage a key innovation field in China?

In November 2014, the State Council of China issued the Strategic Action Plan for energy development (2014–2020), confirming energy storage as one of the 9 key innovation fields and 20 key innovation directions.

Why is energy storage technology needed in China?

In China, RES are experiencing rapid development. However, because of the randomness of RES and the volatility of power output, energy storage technology is needed to chip peak off and fill valley up, promoting RES utilization and economic performance.

Does China still need a commercialization of energy storage?

However, China still has a long distance to realize the commercialization of energy storage and this phenomenon is general worldwide because of the immature technology. Therefore, vast demonstration projects are still needed to perfect and improve it.

What are the problems limiting the commercialization of China's energy storage?

Besides the objective technology immaturity, there exist other problems restricting the commercialization of China's energy storage including the high cost, incomplete technical standard system, imprecise evaluation system and imperfect policies. 3.1. Low technical-economic efficiency caused by high cost