2024年中国新型储能高质量发展研究报告

Investment Rating - The report does not explicitly state an investment rating for the new energy storage industry in China Core Insights - The new energy storage industry in China is experiencing rapid growth driven by the "dual carbon" strategy and increasing demand for renewable energy integration [13][15][28] - The installed capacity of new energy storage projects reached 314,000 kW/669 GWh by the end of 2023, with a significant increase of over 260% compared to the previous year [35] - The report emphasizes the importance of energy storage as a key support for the new energy system, addressing challenges such as the intermittency of renewable energy sources [20][22] Summary by Sections Development Background - The "dual carbon" strategy has activated the development of new energy, with clean energy consumption reaching 26.4% in 2023, an increase of 3.1 percentage points since 2019 [15] - Energy storage is essential for balancing supply and demand in the power system, especially as renewable energy sources like wind and solar become more prevalent [20][22] - Traditional energy storage methods face limitations, highlighting the need for new energy storage solutions that can respond quickly to grid demands [24] Industry Overview - The new energy storage industry is flourishing, with a cumulative installed capacity of 444,000 kW/991 GWh expected by mid-2024, marking a growth of over 40% from 2023 [35] - The majority of new energy storage applications are in the generation sector (60.1%), followed by grid-side applications (34.8%) [37] - The industry is concentrated in regions such as East China, Central South, and North China, with significant enterprise presence in Jiangsu and Guangdong provinces [40][43] Comprehensive Assessment - The pace of high-quality development in the new energy storage sector is accelerating, driven by increasing demand for clean energy and supportive government policies [65] - Technological advantages are becoming more pronounced, with a shift towards new energy storage solutions that can better meet the needs of a modern power grid [66] - The report highlights the importance of technological innovation and diversification in application scenarios, including virtual power plants and industrial microgrids [69] Policy Support - The government has issued multiple policies since 2021 to promote the development of the new energy storage industry, with a focus on commercialization and market integration [31][32] - The "14th Five-Year Plan" outlines goals for the new energy storage sector, aiming for large-scale commercial applications by 2025 and full marketization by 2030 [28] Technology Routes - Various energy storage technologies are at different stages of development, with lithium-ion batteries leading the first tier, followed by sodium-ion and flow batteries in subsequent tiers [48] - The report emphasizes the need for energy storage technologies to meet diverse application requirements, with a focus on enhancing energy density and safety [50][52] Application Scenarios - As of mid-2024, independent energy storage accounts for 45.3% of installed capacity, while renewable energy integration storage represents 42.8% [56] - The report notes that user-side energy storage has significant growth potential, driven by recent policy initiatives aimed at enhancing market conditions [58][59]