Energy Storage Industry Achieves Better-Than-Expected Growth
May 09, 2022
Energy Storage Industry Achieves Better-Than-Expected Growth
North Star Energy Storage Network News: "Energy Storage Industry Research White Paper 2022" pointed out that energy storage, as the core technology and strategic highland of the energy revolution, is expected to form a new industry with high technology content and great growth potential, and become a new economic growth point. It is conservatively estimated that the cumulative scale of new energy storage will reach 48.5 GW in 2026, and the compound annual growth rate from 2022 to 2026 will be 53.3%, and the market will show a trend of steady and rapid growth.
How fast will the energy storage industry develop in 2021? There is a set of data that can be visualized.
Statistics from the Zhongguancun Energy Storage Industry Technology Alliance show that in 2021, the installed capacity of newly commissioned power storage projects in my country will break through the 10 GW mark for the first time, reaching 10.5 GW, of which the newly added capacity of pumped storage will be 8 GW, a year-on-year increase of 8 GW. An increase of 437%; the newly added scale of new energy storage exceeded 2 GW for the first time, reaching 2.4 GW, a year-on-year increase of 54%.
In terms of total volume, the cumulative installed capacity of power storage projects that have been put into operation in my country is 46.1 GW, accounting for 22% of the total global market size, a year-on-year increase of 30%. Among them, the cumulative installed capacity of pumped storage was the largest at 39.8 GW, a year-on-year increase of 25%. 5729.7 MW, a year-on-year increase of 75%.
The development of energy storage has become an industry consensus. Feng Kai, deputy chief engineer of State Grid, said frankly that without the support of adjustable resources such as energy storage, there will be a large gap in the adjustment capacity of the power grid system, which is not enough to support the efficient utilization of high proportion of new energy and the substitution of high proportion of variables. According to the calculation of the rate of 95%, without considering the new coal power flexibility transformation, new energy storage and demand-side response resources, the peak shaving gap in the company's operating area in 2025 will be about 80 million kilowatts, and the peak shaving gap in 2030 will be about 160 million kilowatt."
