User-side Energy Storage: Rigid Demand and High Electricity Price Boosts Development – EQ Mag
Domestic Price Gap Between Peak and Valley Hours Drives Industrial and Commercial Energy Storage Development.
According to statistics from CNESA, in June 2023, the average price gap between peak and valley hours, based on agent-based pricing, was RMB 0.69/kWh in China. This figure is slightly lower than the annual price gap of RMB 0.70/kWh observed in 2022 and lower than the price gap in May 2023. Currently, there are already 16 regions where the price gap during peak and valley hours meets the RMB 0.70/kWh threshold for the economic viability of industrial and commercial energy storage. Compared to May 2023, only Guangxi has seen a drop in the price gap below RMB 0.70/kWh. With the implementation of peak tariff mechanisms in various regions, more opportunities for commercial and industrial energy storage applications are expected to arise.
The household energy storage market is experiencing rapid growth, with the United States and Europe leading the way.
According to data from EV Tank, the global new installed capacity of household energy storage reached 15.6GWh in 2022, marking a 136% year-on-year increase. Europe accounted for more than 36% of the total capacity.It is anticipated that the global installed capacity of new energy storage will reach 133GWh in 2023 and is projected to reach 810GWh in 2026, with a compound annual growth rate of 82% from 2023 to 2026. In terms of regions, the new installed capacity in the United States, Europe, and China is projected to reach 197GWh, 185GWh, and 310GWh, respectively, by 2026. Regarding application scenarios, the new installed capacity for FTM storage, industrial and commercial storage, and household storage is expected to reach 548GWh, 75GWh, and 187GWh, respectively, in 2026.
Source: energytrend
