At present, China is building a new energy system. The proportion of new energy sources such as wind power and solar energy is increasing. At the same time, the intermittency, randomness and volatility of these new energy sources have put more and more pressure on the safe and stable operation of the power system, so it is urgent to accelerate the development of energy storage.

Lithium battery energy storage is currently the fastest developing technical route in the field of new energy storage in China. Its function in the power system is like a charging treasure, which can be charged or discharged according to the needs of the power system. However, the current construction of domestic wind power and photovoltaic bases has directly driven the demand for lithium battery energy storage. The orders of related industries have grown rapidly, and the supply of products exceeds the demand.

According to statistics, in the first three quarters of 2022, the installed capacity of new energy storage projects in China will be 963.7 MW, a year-on-year increase of 120%, of which lithium battery energy storage accounts for the vast majority.Editor/Ma Xue