Policy - Driven: The Zhejiang Energy Storage Market Is on the Fast - Track

Publish date:2024-11-16

Since 2024, more than 520 energy storage - related policies have been intensively issued at the national and local levels. These policies cover multiple areas, including energy storage subsidies, planning and layout, energy storage requirements for new energy projects, participation in the electricity market, and energy storage projects themselves, providing strong support for the booming development of the energy storage industry.

 

The Zhejiang Energy Storage Market: Impressive Achievements and Great Potential

Zhejiang Province has achieved remarkable results in the field of industrial and commercial energy storage and is at the forefront of the country. Whether in terms of project filings or project operations, it ranks first in China, making it the hottest region for industrial and commercial energy storage investment in the country. In 2023, the installed capacity of new - type industrial and commercial energy storage in Zhejiang Province accounted for approximately 44.3% of the national total installed capacity, firmly holding the top position. This remarkable achievement demonstrates Zhejiang's strong strength and huge potential in the energy storage field.

With the continuous development of Zhejiang's economy and the increasing growth of energy demand, the energy storage market has great potential. Zhejiang has a developed industrial and commercial sector, which has high requirements for the stability and reliability of power supply. Energy storage systems can provide backup power during periods of tight power supply or power outages, ensuring the normal production and operation of enterprises. At the same time, Zhejiang is actively promoting the development of new energy. Energy storage can address the intermittent and unstable issues of new energy sources and improve their utilization efficiency.

 

Policy Guidance: Multi - Pronged Approaches to Ensure Smooth Development

Under the guidance of the national "Double Carbon" strategy, Zhejiang Province has actively responded by introducing a series of policies to support the development of the energy storage market. The policy "Zhejiang Development and Reform Price [2024] No. 21" issued by the Zhejiang Provincial Development and Reform Commission has significantly increased the floating ratio of time - of - use electricity prices, further expanding the peak - valley price difference and creating a favorable profit - making space for industrial and commercial energy storage.

 

The "Technical Guidelines for User - Side Electrochemical Energy Storage in Zhejiang Province" issued by the Zhejiang Provincial Energy Bureau has taken the lead in the country. It standardizes the market order, clarifies technical standards, management processes, and responsibility assignments for each link. In addition, Zhejiang Province has clearly stated that independent energy storage can participate in auxiliary service markets such as peak - shaving as a power market entity and obtain profit returns. This not only conforms to the carbon - reduction trend but also meets the profit - seeking needs of enterprises.

 

 

Looking Ahead: Abundant Opportunities and a Green - Low - Carbon Future

With the continuous advancement of the "Double Carbon" goals and the acceleration of the energy structure transformation, industrial and commercial energy storage, as an important means to achieve green and low - carbon development, will 迎来 more policy support and market opportunities. In Zhejiang, energy storage technology is not only a catalyst for energy transformation but also a new engine for enterprise transformation, upgrading, and green development.