The challenge brought by climate change is imminent, and there is a huge gap between the current national contribution to emission reduction and the goal of the Paris Agreement. In order to achieve the temperature control goal of 1.5 ℃ by the end of the 21st century, it is necessary to quickly promote energy transformation.
On a global scale, the production and storage of electricity generate approximately 13.8 billion tons of CO ₂ e (carbon dioxide equivalent, 2019 data) annually, accounting for 27% of total carbon emissions and an important driving factor for climate change; In addition, zero carbon electricity can help reduce carbon emissions in the transportation and manufacturing sectors, promoting energy transformation.
The technology for transforming clean electricity has been validated and meets the conditions for industrialization. The rapid deployment of photovoltaic and wind power generation in the future will bring enormous pressure to the power grid due to its volatility, making the contradiction between power reliability even more prominent. If the energy storage system cannot develop rapidly, it will inevitably restrict the promotion of clean power transformation.
According to data from industry consulting companies, the installed growth rate of energy storage, especially new energy storage, will reach 50% or even more than 60% in the next five years. The energy storage market is an important technology and equipment for building a new type of power system, and also an important support for achieving the dual carbon goal. The government's key support for energy storage projects has formed an industrial chain and market closed-loop from manufacturing to application.
The intervention of industrial funds recognizes the necessity and space for the long-term development of the energy storage industry in the future, and further consolidates the global competitive advantage through funding.
