Energy storage construction is a revolution in the power system

4 FAQs about [Energy storage construction is a revolution in the power system]

What are energy storage systems?

Energy storage systems have been recognized as the key elements in modern power systems, where they are able to provide primary and secondary frequency controls, voltage regulation, power quality improvement, stability enhancement, reserve service, peak shaving, and so on.

Why do we need energy storage systems?

and the electrification of transportation and heating systems. As a consequence, the electrical grid sees much higher power variability than in the past, challenging its frequency and voltage regulation. Energy storage systems will be fundamental for ensuring the energy supply and the voltage power quality to customers.

What is the implementation plan for the development of new energy storage?

In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.

Why are energy storage technologies important?

They are also strategically important for international competition. KPMG China and the Electric Transportation & Energy Storage Association of the China Electricity Council (‘CEC’) released the New Energy Storage Technologies Empower Energy Transition report at the 2023 China International Energy Storage Conference.

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