Junhui Liu1, Yihan Zhang1, Zijian Meng2, Meng Yang1, Yao Lu1, Zhe Chai1, Zhaoyuan Wu2,*
Energy Engineering, Vol.121, No.9, pp. 2409-2434, 2024, DOI:10.32604/ee.2024.051554
Abstract As the Chinese government proposes ambitious plans to promote low-carbon transition, energy storage will play a pivotal role in China’s future power system. However, due to the lack of a mature electricity market environment and corresponding mechanisms, current energy storage in China faces problems such as unclear operational models, insufficient cost recovery mechanisms, and a single investment entity, making it difficult to support the rapid development of the energy storage industry. In contrast, European and American countries have already embarked on certain practices in energy storage operation models. Through exploration of key issues such as… More >
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