In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).
This does not augur well for the market in terms of long-term competition. There will be safety risks associated with excessive cost control and an indifference to quality. Independent energy storage stations enjoy good long-term prospects, though this segment is sluggish in the short term.
Utilities can place storage systems in areas where the grid is strained, providing additional capacity without expensive investments in new power lines or substations. According to the U.S. Department of Energy, improved energy storage could eliminate up to $40 billion in costly infrastructure upgrades by 2050.
Additionally, energy storage supports voltage levels, ensuring electricity reaches our homes at the right strength, and offers black start capability, meaning it can jump-start the grid after a total outage. Perhaps most importantly in today’s world, energy storage infrastructure is key to boosting renewable integration.
Our standardized solar power and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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