New Energy Storage Has Become A "New Driving Force" For Economic Development

What is the development of new energy storage in China in 2023, and the construction progress of the national unified power market system? At the press conference held recently, the relevant person in charge of the National Energy Administration answered the above situation one by one, and analyzed the 2024 power market and energy storage planning in detail.

The new type of energy storage installed capacity directly promotes economic investment of more than 100 billion yuan

Reporters learned from the press conference that since the "14th Five-Year Plan", China's new new energy storage installed capacity has directly promoted economic investment of more than 100 billion yuan, driving the upstream and downstream of the industrial chain to further expand, becoming the "new momentum" of economic development.

Bian Guangqi, deputy director of the Department of Energy Conservation and Science and Technology equipment of the National Energy Administration, said that new energy storage is increasingly becoming a key technology for the construction of a new energy system and a new power system in China and an important starting point for promoting green low-carbon transformation of energy production and consumption.

By the end of 2023, the cumulative installed capacity of new energy storage projects in China has reached 31.39 million kW / 66.87 million KWH, with an average storage time of 2.1 hours. In 2023, the newly installed capacity will be about 22.6 million kW / 48.7 million KWH, an increase of more than 260% from the end of 2022, and nearly 10 times the installed capacity at the end of the "13th Five-Year Plan".

"In the next step, the National Energy Administration will actively encourage technological innovation, combine the development characteristics of new energy storage, carry out targeted work, and strive to promote the diversified and high-quality development of new energy storage." Bian Guangqi said.

Specifically, first, strengthen the tracking and evaluation of new energy storage pilot demonstration projects to ensure that the demonstration projects achieve the expected results; The second is to carry out research on relevant measures to promote the scheduling and application of new energy storage, guide the scientific call of new energy storage, and further play the role of system support and regulation; The third is to organize the "15th Five-Year Plan" special research on the development needs of new energy storage, and plan to strengthen the top-level design in advance; The fourth is to carry out follow-up research on the implementation of the "Technical Guidelines for New Energy Storage Planning for Power Transmission Configuration of New Energy Bases" to promote the scientific and reasonable allocation of new energy storage in new energy bases; Fifth, closely follow the new energy storage technology and the forefront of international industrial development to help Chinese enterprises better "go out".

In 2023, the amount of electricity traded in the national electricity market increased by nearly 8% year-on-year

"In 2023, the National Energy Administration actively promotes the construction of a national unified electricity market system. During the year, market-based trading capacity continued to increase, the multi-level electricity market system operated effectively, and the power market rules system was further improved, and played a positive role in ensuring supply and promoting transformation." Said Liu Gang, deputy director of the market supervision department of the National Energy Administration.

Data show that in 2023, the national electricity market transaction power reached 5.7 trillion KWH, an increase of 7.9%, accounting for 61.4% of the total social electricity consumption, an increase of 0.6 percentage points over the previous year. In the first batch of power spot pilot 8 regions, Shanxi, Guangdong power spot market has been officially put into operation, the southern regional power spot market for the first time to achieve the regional settlement trial operation, the power spot market found that the price played a "barometer" role.

However, Liu Gang also pointed out that while achieving results, there are also some problems, such as the improper behavior of market intervention in some places, and the existence of electricity barriers between provinces in some places.

According to reports, in 2024, the National Energy Administration will coordinate the construction of the power market, establish a national unified power market "1+N" basic rules system based on power medium - and long-term, spot, auxiliary service rules, information disclosure, access registration, metering and settlement rules, etc.

"At the same time, it is necessary to improve the market system of electric auxiliary services, and study and introduce the Basic Rules of the Electric auxiliary Services Market." We will strengthen the supervision of the electricity market, and seriously investigate and punish violations of laws and regulations in the fair opening of the power grid, the access of power sources such as new energy sources, and the scheduling of electricity transactions." Liu Gang said.

China plays an important role in the global development of clean energy

"China is playing a pivotal role in the global development of clean energy." According to Pan Huimin, deputy director of the International Cooperation Department of the National Energy Administration, the global renewable energy installed capacity of 510 million kilowatts in 2023, of which China's contribution of more than 50%.

In terms of investment, overseas clean energy investment by Chinese enterprises has spread across major countries and regions, covering major fields such as wind power, photovoltaic power generation, and hydropower, which has strongly supported the green and low-carbon energy development of relevant countries.

In terms of industry, China continues to promote technology and product innovation and actively integrate into the global clean energy industry chain. At present, China's wind power and photovoltaic products have been exported to more than 200 countries and regions around the world, with cumulative exports of more than 33.4 billion US dollars and 245.3 billion US dollars, respectively.

"In the future, while vigorously promoting the development of domestic clean energy, we will continue to strengthen international cooperation in technological innovation, increase support for the transformation of developing countries, maintain an open, safe and stable global industrial chain and supply chain, and make greater contributions to the development of global clean energy and energy transformation." "Pan Huimin said.

It is worth mentioning that this conference also disclosed the completion of investment in key projects in China's energy field. It is understood that in 2023, China's key energy projects under construction and planned to start within the year completed investment of about 2.8 trillion yuan, the year-on-year growth rate is 1.6 percentage points higher than the same period last year.

"In 2023, China's energy investment maintained rapid growth, of which the completed investment of conventional projects and new business projects increased by 16% and 152.8%, respectively; Completed investment in new energy increased by more than 34% year-on-year." National Energy Administration comprehensive department deputy director, spokesman Zhang Xing said.

Article source: China Energy storage network