Research Article
Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development
@INPROCEEDINGS{10.4108/eai.29-3-2024.2347405, author={Yushan Qu and Zhen Li and Nan Wang and Bin Yang and Xichao Zhou and Yong Peng}, title={Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development}, proceedings={Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29--31, 2024, Wuhan, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2024}, month={6}, keywords={energy storage policies energy storage operation mode dynamic gain regression model}, doi={10.4108/eai.29-3-2024.2347405} }- Yushan Qu
Zhen Li
Nan Wang
Bin Yang
Xichao Zhou
Yong Peng
Year: 2024
Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development
ICBBEM
EAI
DOI: 10.4108/eai.29-3-2024.2347405
Abstract
The construction of new power system centered on renewable energy is a comprehensive task requiring the synchronization of power generation, distribution, consumption, and energy storage. With the development of energy storage market, and the policy is always a significant and challenging factor to the market development. Towards the goal of a well-developed market-drived energy storage development, there is still a magnificent gap, currently development policy plays the key enrollment. With the evolution of China's national energy strategy, there has been a surge in energy storage policies and market activities. National and local governments have introduced policies to promote the development of energy storage. These policies aim to harness the functional advantages of the energy storage, enhance market operations, and secure economic gains. This paper conducts an in-depth analysis of the impact of China's existing energy storage policies on promoting the development of energy storage. It proposes a model for the market-oriented operation of the energy storage market in China and preliminarily establishes a mathematical model of the impact of policy on the development of energy storage. This provides a reference for the formulation of energy storage policies in China and the investment and construction of energy storage projects.