On October 8, Shanxi Provincial Energy Bureau released the "14th Five Year Plan" Implementation Plan for the Development of New Energy Storage, which specified that the planned capacity of new energy storage would reach 6GW by 2025. Technology R&D will be developed together with the industrial system, that the development of various types of energy storage technologies and diversified applications will be promoted, and that institutional mechanisms to promote the development of new energy storage will be established. It mentioned that we should propose to establish a price mechanism that reasonably reflects the value of energy storage, and encourage the exploration of a market model in which the same new energy storage subject can participate in the market in two ways simultaneously: partial capacity independence and partial capacity combination. We will encourage standalone energy storage to sign market contracts for peak and valley periods, and play the role of peak shifting and valley filling and peak power generation. We will continue to improve the electricity ancillary service market, promote new energy storage to participate in the cross-provincial and cross-regional electricity market, to ensure the revenue of energy storage power stations, and promote the development of new energy storage.
Shanxi Provincial Energy Bureau released the "14th Five Year Plan" Implementation Plan for the Development of New Energy Storage