The energy storage space market ushered in a tumultuous period of water pumping and new energy storage space. That is even more beneficial.

" Water pumping power stations are the most effective supplement to solar and wind power." Recently, Stephen Lewis, the president and CEO of a well-known international company in Germany, said at the 2022 Globe Clean Power Devices Seminar.

Long Jiewen's pumping power storage space is one of the most mature innovations, the best economic climate, and one of the most large-range advancement conditions in the current hot energy storage space track. According to the information of Zhongguancun Energy Storage Market Innovation Partnership, as of 2021, among the international power storage projects on the planet, the cumulative setup scale of pumping energy storage space made up 86.2%.

Although pumping storage space ability is the most commonly used in the power storage space market and the greatest proportion of the energy storage space market, in the segmented track of energy storage space, electrochemical energy storage is the highest possible power storage innovation in the marketplace. Currently, a brand-new kind of energy storage space represented by electrochemical power storage space is presenting a brand-new round of investment boom. Also, power battery companies are just one of the primary players. In the competition between pumping and new energy storage space, the price will be a crucial variable.

The power storage space market stands in the air.

This summer, "heat" has turned into one of the keywords, and the degree of heat is also incredibly uncommon. Globally, this year's northern hemisphere has appeared at the same time throughout the same time. Europe might experience an awful drought in 500 years; the absolute value of the temperature in many places in my nation has exceeded the highest possible background, the lengthiest history of duration, and the largest insurance coverage of 40 ° C.

According to the most recent evaluation of the United Nations, global warming in the past 50 years has been at an extraordinary rate in the past 2000. Carbon exhausts are considered the "wrongdoer" of this rare global hot wave. The international environment modification circumstance is becoming increasingly extreme, and power change has been accelerated, and it impends to attain the "dual carbon" goal.

" In attaining the" dual carbon 'target, sustainable power stood for by photovoltaic or PV and wind energy is the primary pressure. It is expected that the "Fourteen 5 -5" duration will certainly be minimized to 0.25 yuan/ kWh, lower than many coal power ... The advantages of photovoltaic power generation will certainly be much more noticeable.

Nonetheless, an unsteady supply of energy is the lengthy-term difficulty dealing with developing photovoltaic and wind power. In the evening, photovoltaics can not be offered, as well as when windless or tropical cyclones occur, wind power can not work. The intermittent and volatility of renewable resources such as solar and wind energy can create non-matching supply and need, which may trigger waste of power generation energy, as well as unsteady power supply frequency of power grids, and impact the top quality of power supply.

Under the "twin carbon" objective, China's power system must transform new power systems with brand-new power as the main body. Energy storage is the key to solving these troubles. "As expenses continue to decrease, the huge-range application of energy storage space will supply solid assurances for the variations of renewable energy." Liu Hanyuan thinks.

Power storage is also usually considered the next trillion market that might take off, with great growth possibilities.

Is that even more useful with pumping storage with brand-new power storage space?

Presently, energy storage innovation paths are primarily split into 2 types: physical power storage and chemical energy storage. The former is represented by pumping, compressed air storage space, and flywheel power storage; the last is stood for lithium-ion batteries, sodium-ion batteries, lead-acid batteries, liquid circulation batteries, etc.

The "Directory of Global Clean Power as well as Equipment Industry Development (2021 )" reveals that from 2010 to 2021, the mounted power of international energy storage space systems increased by 41.08% to 191.28 GW, as well as worldwide power storage capability raised by 47.59% to 672.2 GWh. Pumping storage space is the most fully grown innovation, one of the most commonly used, and the highest possible proportion.

" Pumping water storage space is the most mature technology, the best economy, and one of the biggest big-scale development problems. The energy storage cost is 0.21 to 0.25 yuan/kWh, which is more affordable than other technical expenses." Liu Hanyuan believes.

However, compared to the typical power storage space method of pumping water storage, the most worried regarding brand-new power storage space on the market is presently one of the biggest concerns. The so-called brand-new kind of power storage normally refers to the brand-new kind of electric energy storage space technology outside the pumping storage space ability, including electrochemical power storage space, compressed air storage, and flywheel energy storage space. In the brand-new kind of energy storage space, the majority of them are electrochemical energy storage (lithium-ion batteries, sodium-ion batteries, lead-acid batteries, fluid stream batteries), specifically lithium-ion battery energy storage space.

Advancement encourages technology presentations and tests first and promotes the development of new energy storage, industrialization, and marketization. By the end of 2025, the installation range of new power storage in the power system will reach 30 million kilowatts.

Under the brand-new power storage space boom, the shipments of power storage batteries have increased. According to GGII information, the residential power storage battery shipments in 2021 were 48GWh, a year-on-year rise of 2.6 times.

The expense will be a vital consideration whether it is pumping water storage space or brand-new power storage. According to Liu Hanyuan's assumptions, other power storage expenses, such as electrochemistry, are additionally anticipated to decrease to 0.2 to 0.3 yuan/kWh throughout the "14th Five-Year Plan" period. If the cost of the energy storage battery can be efficiently minimized, this will be close to the current price of pumping.

In this context, residential power storage batteries have also been organized. According to data from China Power Storage Space Network, 12 firms revealed the expansion of power storage space jobs in the first quarter of 2022, with an overall financial investment of 100 billion yuan. Amongst them, Baofeng Team's financial investment amount is the largest. In March of this year, Baofeng Group's 200GWH lithium-ion energy storage full commercial chain project was formally started in Yinchuan. The total financial investment of the project was 69.2 billion yuan. China Innovation Airlines spent 20 billion in Jiangmen, Guangdong.

Pumping storage capacity is the most extensively used in the energy storage market and the greatest proportion of the energy storage space market; in the fractional track of power storage, electrochemical power storage is the highest possible energy storage technology. The recurring, as well as volatility of renewable power such as photovoltaic or PV as well as wind energy can create non-matching supply and demand, which may trigger waste of power generation power, as well as unsteady power supply regularity of power grids, and also affect the top quality of power supply.

Compared with the typical power storage method of pumping water storage space, the most worried concerning brand-new energy storage space in the market is presently the most concerned regarding the market. The so-called brand-new kind of power storage space usually refers to the brand-new kind of electrical power storage space technology outside the pumping storage ability, including electrochemical energy storage, pressed air storage space, and flywheel energy storage space. In the brand-new kind of power storage, many are electrochemical energy storage (lithium-ion batteries, sodium-ion batteries, lead-acid batteries, liquid stream batteries), specific lithium -ion battery power storage space.