In the great power game, energy comes first. Energy is not only the foundation of economic development, but also the core element of competition between countries.
In recent years, China's photovoltaic and energy storage technologies have developed rapidly, with lithium energy storage batteries accounting for over 90% of the global market; Shenzhen has become a world-class center for the new energy storage industry, with nearly 7000 related enterprises and an annual output value exceeding 300 billion yuan.
Shenzhen Smart Manufacturing has become a business card for the global energy storage industry and a vivid portrayal of the high-quality development of Chinese enterprises.
China's energy storage is far ahead
Energy storage refers to the conversion of electrical energy into other forms of energy (such as kinetic energy, potential energy, chemical energy, etc.) that are stored in energy storage devices and released when needed. The electricity generated by wind and solar power is unstable and intermittent. In order to be integrated into the power grid, energy storage technology needs to be used as a "transfer station" for regulation to mitigate the impact on grid equipment.
To address the issue of climate change, the Paris Agreement proposes that the world should achieve carbon neutrality by the mid-21st century. Currently, about 130 countries and regions around the world have responded to the carbon neutrality goal, and the penetration rate of new energy is accelerating globally. Major countries are stepping up their layout and seizing the opportunity.
The US Department of Energy (DOE) announced an increase in research and development investment in energy storage technologies, including lithium-ion batteries, solid-state batteries, and hydrogen storage. Federal and state governments have introduced tax incentives, subsidies, and loan programs to support energy storage development; The German government has introduced a series of support measures, including providing a 30% loan subsidy, offsetting personal income tax on energy storage equipment costs, etc., to encourage the public to install energy storage equipment; Australia has launched the National Battery Strategy, which provides tax incentives, financial support, and other measures to ensure the country's economic development and energy security.
In September 2020, China announced to the world its goals of peaking carbon emissions before 2030 and achieving carbon neutrality before 2060, demonstrating its great power responsibility and strategic vision. China regards energy storage as an important means to achieve energy transformation and the "dual carbon goal". The "Guiding Opinions of the National Development and Reform Commission and the National Energy Administration on Accelerating the Development of New Energy Storage (Draft for Comments)" proposes that by 2025, new energy storage will transition from commercialization to large-scale development; By 2030, achieve comprehensive market-oriented development of new energy storage.
In the global energy storage market, China has become an important pole, demonstrating increasingly significant international influence. According to statistics from the National Energy Administration, the cumulative installed capacity of new energy storage projects completed and put into operation in China in the first half of 2024 reached 44.44 million kilowatts/99.06 million kilowatt hours, an increase of over 40% compared to the end of 2023; According to data from GGII, by 2023, approximately two-thirds of the global installed capacity of power batteries will come from Chinese companies; In the field of energy storage, Chinese companies account for over 90% of global shipments of lithium energy storage batteries.
The international landscape is surging, and the strength of major powers is becoming increasingly mature. Relying on a strong domestic demand market and complete industrial and supply chain support, China's new energy storage industry has formed manufacturing advantages, production capacity advantages, innovation advantages, talent advantages, and competitive advantages globally, becoming an important force influencing the global energy storage pattern.
