What is the 'guidance' for the energy storage industry?

Based on the above analysis, as the first comprehensive policy document for the energy storage industry during the ‘14th Five-Year Plan’ period, the ‘Guidance’ provided reassurance for the development of the industry.

Does the government support energy storage?

Since 2020, the national government has repeatedly expressed support for the development of energy storage, and many provincial governments have issued supporting documents for energy storage at the power generation side.

Will 'notice' subsidies be available for electrochemical energy storage projects?

According to reports, the "Notice" subsidies will be available for electrochemical energy storage projects developed in 2021 and 2022, and will be settled monthly by the grid company according to the amount of electricity provided.

Should grid investment in energy storage projects be prohibited?

Currently, due to the inability to match regulatory capabilities with the demand for grid investment in energy storage projects, it is reasonable to prohibit grid investment in energy storage projects under the principle of ensuring market fairness. However, this does not mean that the regulatory mechanism is not evolving.

Will energy storage industrialization be a part of the 14th five-year plan?

While looking back on 2020, we also looking forward to the development of energy storage industrialization during the 14th Five-year Plan, as policy and market mechanisms become the key to promote the full commercialization and large-scale application of energy storage.

What is the 'guidance on accelerating the development of new energy storage?

Since April 21, 2021, the National Development and Reform Commission and the National Energy Administration have issued the ‘Guidance on Accelerating the Development of New Energy Storage (Draft for Solicitation of Comments)’ (referred to as the ‘Guidance’), which has given rise to the energy storage industry and even the energy industry.