The industrial and commercial energy storage market has enormous development potential. Industrial and commercial energy storage is the application of energy storage on the load side, which achieves load side power regulation through battery charging and discharging strategies. Compared to energy storage power stations, the structure and installation layout of industrial and commercial energy storage are relatively simple, mostly integrated construction, using integrated cabinets, modular construction, and easy to expand. At the same time, some industrial and commercial energy storage projects with large installed capacity will also choose containerized energy storage systems similar to energy storage power stations.
In addition, policy support and technological progress have also promoted the development of the industrial and commercial energy storage market. With the development of the new energy industry and the opening of the electricity market, the country's support policies for the new energy industry and smart grids have been continuously strengthened, providing a good policy environment for the industrial and commercial energy storage market. At the same time, the progress of battery technology and the deepening of electricity market reform have also led to continuous improvement in the efficiency and stability of industrial and commercial energy storage systems, further expanding the development space of the industrial and commercial energy storage market.
However, there are still some challenges in the industrial and commercial energy storage market. Firstly, the high cost of energy storage systems limits their application in the new energy and power industries. Despite the continuous progress of battery technology, the cost of batteries is still relatively high, and for some large energy storage projects, the cost of batteries may account for more than two-thirds of the entire project. Secondly, the current demand side response mechanism in the electricity market is not perfect enough to effectively leverage the role of energy storage systems. Therefore, it is necessary to further improve the mechanism of the electricity market, improve the efficiency and enthusiasm of demand side response, and better utilize industrial and commercial energy storage systems.
Overall, the industrial and commercial energy storage market has broad development prospects and potential, but it requires policy support and further promotion of technological progress, as well as addressing issues such as cost and market demand side response mechanisms. With the gradual satisfaction of these conditions, the industrial and commercial energy storage market will usher in broader development opportunities.