Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8–10, 2023, Guangzhou, China

Research Article

China's Various Types of new Energy Storage Investment and Operating Costs Analysis

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  • @INPROCEEDINGS{10.4108/eai.8-12-2023.2344801,
        author={Daoxin  Peng and Ling  Wang and Benjie  Liu and Zheheng  Huang and Yueyong  Yang and Zhanpeng  Liang and Zihao  Zhao},
        title={China's Various Types of new Energy Storage Investment and Operating Costs Analysis},
        proceedings={Proceedings of the 5th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2023, December 8--10, 2023, Guangzhou, China},
        publisher={EAI},
        proceedings_a={MSIEID},
        year={2024},
        month={4},
        keywords={energy storage; investment; operation},
        doi={10.4108/eai.8-12-2023.2344801}
    }
    
  • Daoxin Peng
    Ling Wang
    Benjie Liu
    Zheheng Huang
    Yueyong Yang
    Zhanpeng Liang
    Zihao Zhao
    Year: 2024
    China's Various Types of new Energy Storage Investment and Operating Costs Analysis
    MSIEID
    EAI
    DOI: 10.4108/eai.8-12-2023.2344801
Daoxin Peng1, Ling Wang1, Benjie Liu1, Zheheng Huang1, Yueyong Yang1, Zhanpeng Liang1, Zihao Zhao2,*
  • 1: China Southern Power Grid Energy Development Research Institute limited liability company
  • 2: North China Electric Power University
*Contact email: 1184034411@qq.com

Abstract

Under the background of "double carbon" target, China's power system will be transformed to a new power system with new energy as the main source, and energy storage as a flexible regulating power source will assume an important role in the new power system. However, except for pumped storage, new energy storage technologies are still in the early stage of commercialization and scale development, and the related tariff policy and market mechanism are not perfect, and there are problems such as poor cost diversion and low effective utilization rate. This paper analyzes the composition of energy storage reinvestment and operation costs, sets the basic parameters of various types of energy storage systems, and uses the levelized cost of electricity to predict the economics of energy storage systems in 2025 and 2030, so as to provide economic decision aids for the investment and operation applications of comprehensive energy storage systems.