Research Article
China's Various Types of new Energy Storage Investment and Operating Costs Analysis
@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
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.