On December 19, the Government of the Inner Mongolia Autonomous Region issued several policies (2022-2025) supporting the development of new energy storage technologies. These policies will support the large-scale development of new energy storage technologies such as lithium batteries, redox flow batteries, compressed air energy storage, and flywheels. The construction of renewable energy generation projects should be equipped with energy storage facilities according to the requirements, for new guaranteed grid-connected renewable energy projects, energy storage systems should be configured according to 15%&2h, and for new market-oriented grid-connected renewable energy projects, storage systems should be configured according to 15%&4h. The government will increase the implementation of time-of-use electricity prices, timely adjust the price difference between peak and valley electricity prices to more than 3:1, and create profit space for the development of energy storage. It will also establish a market-based compensation mechanism, and the independent energy storage stations can receive subsidies. The upper limit of subsidy is 0.35 yuan/kWh, and the subsidy will not last for more than 10 years. Independent energy storage stations will be encouraged to obtain income through market-oriented methods such as leasing and selling, but the corresponding capacity will no longer receive subsidies.
Inner Mongolia Government Releases Energy Storage Support Policy