The Jiangsu Development and Reform Commission issued the implementation plan for the development of new energy storage in Jiangsu Province during the “14th Five-Year Plan”. According to the plan, by 2025, new energy storage will have entered the stage of large-scale development and the province’s new energy storage installed capacity will reach about 2.6GW. The plan also includes the following tasks:
- Supply side: focus on “new energy + energy storage” mechanisms. Solar power projects can equip themselves with storage capacity or purchase such services on the market.
- Demand side: make full use of the time-of-use electricity price policy and capacity electricity fee mechanism, actively cut peaks and fill valleys, encourage the aggregate utilization of new energy storage facilities, participate in the ancillary services market.
- Grid side: Orderly development on the grid side. The key development direction of new energy storage on the grid side is grid emergency backup.