Energy Storage Market Entry and Dispatch Models in China

This document provides a comprehensive overview of energy storage technology and its development, focusing on the Chinese market. It covers the background of energy storage development, emphasizing its role in building a new power system and achieving carbon neutrality goals. The document classifies energy storage by location (power side, grid side, user side) and technical route (physical, electrochemical, other). It compares various energy storage types, including compressed air, flywheel, all-vanadium redox flow, sodium sulfur, lead carbon, lithium-ion, sodium ion, supercapacitor, and superconducting energy storage, detailing their response times, efficiency, applications, advantages, and disadvantages. Key national policies from 2021 to 2024 are highlighted, such as those promoting market participation and dispatch applications for new energy storage. The document also introduces the domestic energy storage market entry models, with a specific focus on Anhui province, and discusses how energy storage participates in planning and dispatching models. This resource is essential for understanding the current landscape and future directions of energy storage in China.