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| Review and summary of 12 hot events in China's energy storage industry in 2022 |
| Release time:2022-12-26 09:11:44| Viewed： |
Review and summary of 12 hot events in China's energy storage industry in 2022
The year 2022 is the most difficult year for almost all walks of life in the country. The epidemic situation and energy crisis are constantly putting pressure on all parties while brewing new vitality. However, energy conservators are still passionate, even poetic. Out of sight, energy storage and scenery dance together, and subdivision of the track is emerging; Don't you see, the new energy storage will compete with each other, who will decide the ups and downs; Don't you see, the market is expected to heat up, "sodium" is new, and the chamber is resistant to "lithium"; You can't see that the long-term energy storage has a wide sky and a wide ocean, with different "vanadium" sounds; Don't you see, the large depositors' savings are flying together, and the global energy storage is expanding; As you can see, electrochemical energy storage is advancing rapidly, and energy storage batteries are in short supply. All these things have both good expectations and spiritual torture. The value space of the trillion level energy storage track gives owners and investors unlimited imagination and reasons to struggle for it.
Under the dual carbon vision and its deterministic trend, the process of energy transformation and change will continue to upgrade. The strategic positioning and core value of energy storage have been recognized by the industry. New energy storage is a way of letting a hundred flowers blossom and competing for the stream, and it is growing in the coordinated development of the industrial chain supply chain. Liu Yafang, Deputy Director of the Science and Technology Department of the National Energy Administration, pointed out that compared with pumped storage, the new type of energy storage has flexible site selection, short construction period, fast and flexible response, and diverse functional characteristics. It is increasingly widely embedded in all aspects of power system sources, networks, and loads, profoundly changing the operating characteristics of traditional power systems, and becoming an indispensable supporting facility for safe, stable, and economic operation of power systems, In the future, it will completely overturn the development structure and power operation pattern of energy and power system.
Looking back to 2022, whether the energy storage industry is losing money in the "noise", or is gradually moving towards the big era of "long slope and thick snow", only history can witness. Here, we specially sort out the hot events in this year, even some hot spots throughout the year, so that we can deeply feel its reason and understand the road of future development.
Hotspot 1: Implementation Plan for the Development of New Energy Storage during the "Fourteenth Five Year Plan" was issued
On March 21, the National Development and Reform Commission and the National Energy Administration officially issued the Implementation Plan for the Development of New Energy Storage during the Fourteenth Five Year Plan Period. The Implementation Plan points out the development goal of new energy storage. By 2025, new energy storage will have entered the large-scale development stage from the initial stage of commercialization, and will be ready for large-scale commercial application. The performance of electrochemical energy storage technology was further improved, and the system cost was reduced by more than 30%. By 2030, new energy storage will be fully developed in the market.
Comments: Cost reduction and efficiency increase is the mission of energy storage industry development, and it is also a long-term goal. Although the "Fourteenth Five Year Plan" of energy storage is not mentioned in the Implementation Plan, in fact, the scale goals summarized by various regions have far exceeded the 30GW development goal proposed in the Guiding Opinions on Accelerating the Development of New Energy Storage in 2021. Before the business model is fully straightened out, the marketization of new energy storage still needs to be improved.
Hot spot 2: virtual power plant wind up, shared energy storage mode is expected
On June 23, Shanxi introduced the first provincial virtual power plant implementation plan. In addition, there are demonstration applications in many places in China. It is worth noting that the first virtual power plant in China, the virtual power plant platform of SDIC Shenzhen Energy Development Co., Ltd., which dispatches user loads to participate in the spot power market and makes profits, has participated in the spot power market. On November 25, the first unit in China, Huaneng Zhejiang Virtual Power Plant Unit 1, successfully completed the 72 hour test run and was officially put into operation. Similarly, in the current domestic market, Shandong, Qinghai, Hunan and other places have started to take the lead in sharing energy storage policies and implementation, and multiple shared energy storage projects in many places across the country have been launched through bidding. In Shanxi Province alone, 25 independent or shared energy storage projects have been filed, with a total investment of more than 24 billion yuan and an energy storage scale of more than 3.9GW/8.2GWh.
Comments: Although the development of virtual power plants in China is still in the initial stage, many companies have been in the layout as early as possible. The capital market once saw the rise and fall of listed companies. The policies issued by the state in succession mentioned that virtual power plants should be vigorously developed and given the dominant position of market participation. The prospect of future virtual power plants is very broad, and the market space may reach 100 billion. All regions have been seeking for the development strategy and implementation practice of virtual power plants. The "First High Quality Development Conference of China's New Energy Storage Industry and the National High level Seminar on Virtual Power Plants and Demand Side Response" held in Jinan in November lost no time to stop and refuel the development of virtual power plants, actively explore new ways for the implementation practice of national virtual power plants, and won industry acclaim. At the same time, shared energy storage has also been given an independent market position. Under the background that the strong allocation of energy storage by new energy is likely to lead to waste of social investment, the energy storage lease model is expected to be highly effective. The operation effect of some provinces and cities has been shown. The shared energy storage power station has achieved profitability, which has preliminary commercial value. With the support of virtual power plant technology, sharing energy storage is more conducive to fully integrating resources on the power side, grid side and user side, and achieving a win-win situation. It is a development direction and a flexible and predictable business model.
Hotspot 3: The 12th China International Energy Storage Conference was successfully held in Hangzhou
On September 7, the 12th China International Energy Storage Conference was held in Hangzhou Intercontinental Hotel under the joint guidance of the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology, the Department of Energy Conservation and Scientific and Technological Equipment of the National Energy Administration and the Zhejiang Provincial Energy Administration, and supported by the China Chemical and Physical Power Industry Association and more than 232 institutions. With the theme of "jointly creating new value of energy storage and building a new market pattern", the conference fully discussed the key, hot and difficult issues of industry development. 913 industrial chain enterprises and 3317 guests attended the conference, including 154 enterprises displaying new energy storage products of the whole industrial chain.
Comments: As the only industry event and industry vane successfully held in the industry in 2022, the energy storage conference is highly popular. Industry experts, enterprises and industry people are gathered together. The trend of learning and sharing is on the rise. Communication and cooperation have become the main theme. New product release highlights abound, and all colleges and universities are full of seats. Within one month after the conference was held, 80% of the enterprises intended to sign up for the 2023 Energy Storage Conference, which shows a good industry boom and cohesion of the conference. By the end of the year, all the lecture seats and exhibition booths of the conference had been sold out, fully reflecting the more optimistic market expectation for the energy storage industry in 2023.
Hotspot 4: "Battery core shortage" has attracted market attention, and industry development will inevitably suffer setbacks
On October 18, an article in China Energy News that "battery supply continues to be in short supply, and energy storage enterprises suspend receiving orders" provoked a thousand waves. The "shortage of battery cells" was also questioned by the industry whether the capacity was "false fire". According to the report, many battery manufacturers said that the supply of energy storage batteries could not meet the demand, and the spot has been scheduled for next year. The main shortage in the market is 280Ah battery cells. Behind the "battery shortage" is the rapid growth of new energy vehicles and energy storage market.
Comments: In fact, the investment in energy storage battery production capacity in 2022 will be a historic scale, with projects often reaching 10 billion. According to incomplete statistics in the 21st Century Economic Report, as of September 27, 2022, there have been 26 expansion projects related to the manufacture of energy storage batteries and power batteries, with total investment exceeding 290 billion yuan and total production capacity of 820GWh. However, at present, the energy storage battery and power battery are produced in the same line, but they are also turning to special line production. Most enterprises have also introduced large capacity energy storage cells. In fact, the utilization rate of energy storage cells is not high. Ouyang Ming, an academician of the CAS Member, predicted that "there may be excess battery capacity in 2025." In addition to the safety problems after the startup and operation of many energy storage power stations that have been idle for a long time, it is difficult to predict whether the energy storage industry will be full of energy or fall into a cold winter.
Hotspot 5: Outbreak of overseas household reserves and large domestic reserves
On October 22, Ningde Times said that the company's energy storage business layout was comprehensive, and the demand for large energy storage and household storage business was strong, showing a rapid growth trend. In fact, affected by the European energy crisis this year, the overseas household energy storage market broke out, and domestic household energy storage enterprises were overwhelmed with orders. The market orders were generally scheduled until April next year. According to CCTV News, due to the high energy prices in Europe and other places, the demand for household energy storage equipment has experienced a blowout growth. Domestic lithium battery energy storage equipment export enterprises are actively expanding their production. At present, the average shipment of enterprises has increased by 120% year-on-year. In China, household energy storage is lack of economy, and new energy+energy storage has become the main force of installed capacity. Especially since June 2022, the bidding process of domestic energy storage projects has accelerated significantly, and the installed capacity of domestic pre meter energy storage will increase significantly in the future.
Comments: The profit model is the fundamental engine of the energy storage market explosion. Only enterprises that truly meet the market demand and have leading advantages in technology, quality, brand and channel can stand firm and occupy the fast household storage track. Similarly, in the field of large storage, the domestic demand is mainly due to the new energy allocation policy and the rigid demand of central power generation enterprises. The bidding volume of domestic large storage systems has grown rapidly. It can be said that energy storage is becoming an important part of the new infrastructure, helping the development of renewable energy and the green low-carbon transformation of energy in the continuous improvement of technology and economy.
Hot spot 6: 100MW liquid flow battery energy storage and peak shaving power station grid connected power generation
On October 30, the 100MW liquid flow battery peak shaving power station with the largest power and capacity in the world was officially connected to the grid for power generation. The project is supported by Li Xianfeng team of Dalian Institute of Chemical Physics, Chinese Academy of Sciences. It is the first national large-scale chemical energy storage demonstration project approved by the National Energy Administration, with a total construction scale of 200 MW/800 MWh. This grid connection is the first phase project of the power station, with a scale of 100 MW/400 MWh.
Comments: The all vanadium liquid flow battery energy storage technology has great application prospects in the field of large-scale and long-term energy storage. Because of its outstanding advantages such as high safety, easy expansion, large output power and capacity, long cycle life, high cost performance, recyclable electrolyte, autonomous and controllable vanadium resources, and environmentally friendly, the 100 megawatt liquid flow battery technology has been included in the key direction of tackling new energy storage core technology and equipment in the "Fourteenth Five Year Plan". The Twenty five Key Requirements for Preventing Electric Power Production Accidents (2022 Edition) (Draft for Comments) has attracted the attention of energy storage to the energy storage of all vanadium liquid flow battery that is "ultra vanadium" refined. Driven by the continuous expansion of the industrial chain, the all vanadium liquid flow battery industry is transitioning from the introduction period to the growth period. It is on the eve of large-scale industrialization. Once the large-scale production of vanadium electrolyte, which accounts for a high proportion of cost, and the cooperation of the whole industrial chain, and the breakthrough in the energy density of all vanadium liquid flow battery is achieved technically, the liquid flow battery with inherent safety will truly play its advantages in medium and large electrochemical energy storage. In mid November, the bid winning result of the first centralized procurement of GWh liquid flow battery energy storage system announced by Nuclear Huineng showed that the lowest bid price had reached 2.2 yuan/Wh. The domestic liquid flow battery energy storage projects are being carried out in close proximity all over the country, and the large-scale construction of liquid flow battery production lines has been accelerated. At present, the penetration rate of liquid flow battery in new energy storage is less than 1%. Once the industrial chain is mature, it is expected to achieve leapfrog growth in the future.
Hotspot 7: The price of battery grade lithium carbonate breaks through the high of 600000 yuan per ton
This year, the price of battery grade lithium carbonate rose sharply, from 40000 yuan/ton in June 2020 to 70000 yuan/ton at the beginning of the year, to 500000 yuan/ton in March, and then fell back. However, in September, the price returned to 500000 yuan/ton again, and in November, it broke through 600000 yuan/ton. At present, it has declined, and remains above 500000 yuan/ton. The soaring price of lithium carbonate undoubtedly further squeezed the profit space of energy storage battery and system integration manufacturers in the middle and lower reaches of the industrial chain, and the entire industrial chain fell into the curse of "working for the upstream".
Comments: The soaring price of upstream lithium carbonate poses a hidden danger to the stability of the supply chain of the industrial chain. On November 10, the General Office of the Ministry of Industry and Information Technology and the General Office of the State Administration of Market Supervision and Administration jointly issued a notice on the coordinated and stable development of the supply chain of the lithium-ion battery industry chain, emphasizing the need to guide upstream and downstream enterprises to strengthen communication and promote the formation of a stable and efficient coordinated development mechanism. Relevant government departments will conduct timely interviews and warnings, and expose typical cases of violations to the public. In November, the United States, an overseas country, formulated the Bipartisan Infrastructure Act, announcing that it would invest US $74 million to support the reintroduction of waste batteries into the supply chain to meet the growing demand for batteries and reduce dependence on key materials abroad. In contrast, domestic efforts are obviously insufficient. In Bloomberg New Energy Finance's ranking, China ranks first in terms of raw materials, battery manufacturing and downstream demand, but there is still a large gap between China and other countries participating in the battery manufacturing supply chain competition. The addition of ESG (environment, society and governance) assessment indicators and the strengthening of ESG rules by European and American countries undoubtedly bring hidden worries to the development of China's battery industry. The Corporate Sustainability Report Directive (CSRD) adopted by the European Parliament in November will have a significant impact on domestic energy storage battery enterprises that expand overseas exports, and they must take precautions to avoid reputation damage and adverse operation.
Hotspot 8: Cross border energy storage of listed companies is surging
Stimulated by both policies and the market, the energy storage industry is ushering in a period of rapid development, which has constantly stimulated the enthusiasm of listed companies for investment layout, including wind power, boiler, water conservancy, air conditioning, photovoltaic, engineering machinery, computer accessories, environmental protection, food, education, and Internet enterprises. According to incomplete statistics of China Energy Storage Network, from 2022 to the end of the year, more than 20 listed enterprises have invested in energy storage cross-border.
Comments: During the year, dozens of listed companies engaged in cross-border energy storage, even involving traditional industries such as household appliances, environmental protection, food and education, such as Xinge Environmental Protection, Hei Sesame, Kaiyuan Education. The listed companies that announced cross-border energy storage were Mingyang Intelligent, Midea Group, Chuanyi Technology, Yongtai Energy, Anfu Technology, Hangguo Shares, etc. Hangguo Shares was directly renamed Xizi Jieneng, which seems to be a little love for energy storage. On the one hand, cross-border energy storage is a bottleneck for the growth of traditional industries; on the other hand, it is also a charm attraction for the energy storage market space. However, whether energy storage is a good business or not has been questioned by various media. The CSRC has asked. Liu Yong, Secretary General of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, said in an interview with the China Energy News that although some track segments have gone out of the top enterprises, the energy storage market pattern has not been finalized, and new entrants still have opportunities. However, the technical threshold for energy storage is actually very high. Facing challenges and risks from all parties, it is not easy to control the energy storage market without technical accumulation and excellent teams.
Hotspot 9: Domestic energy storage manufacturers create the largest number of 23 energy storage projects
According to incomplete statistics of China Energy Storage Network, in 2022, domestic energy storage manufacturers will create the largest number of 23 energy storage projects, including compressed air energy storage projects, carbon dioxide energy storage projects, electrochemical energy storage projects, molten salt energy storage projects, optical (thermal) energy storage multi energy complementary integration projects, sodium ion energy storage battery projects, liquid flow battery energy storage projects, etc.
Comments: These projects are known as the largest in the world, the largest in China, the largest in the province, and the largest in the whole industry, thus attracting the attention of the industry, showing the vitality of domestic and foreign energy storage project construction and the diversity of application scenarios, and also demonstrating the vitality of domestic energy storage enterprises to actively march overseas. It can be said that in the global economic downturn in 2022, energy storage will still be a "fire" in winter, warming the society and giving the industry a vision.
Hotspot 10: Low utilization rate of new energy distribution and storage causes concern of the whole industry
On November 8, CEC released the Research Report on the Operation of New Energy Distribution and Storage, pointing out that there are problems in the distribution and storage of new energy, such as low utilization rate, difficult to digest costs, difficult to play an effective role in the decentralized mode, and lack of scientific demonstration on the rationality and scale of the configuration. The average equivalent utilization coefficient of electrochemical energy storage project with new energy distribution and storage is only 12.2%. The utilization coefficient of new energy distribution and storage is only 6.1%, that of thermal power plants is 15.3%, that of grid side is 14.8%, and that of users is 28.3%. The call frequency, equivalent utilization coefficient and utilization rate of new energy distribution and storage are much lower than those of thermal power plants, power grids and users.
Comment: The low utilization rate of new energy allocation, storage and utilization not only embarrasses policy makers, but also reduces the enthusiasm of investors, which adds more worries to the subsequent development of the energy storage industry. Under the seemingly hot track, the "virtual" fire of energy storage is not small, and the operation effect of the energy storage power station has no national unified transparent and open information that can be regularly developed, which is difficult to convince the industry. At the same time, it also brings confusion to the policy guidance, industry norms and standard system construction. Once the distorted false prosperity obscures the perspective of the industry, it will undoubtedly mislead the healthy and sustainable development of the industry and affect the process of energy transformation.
Hotspot 11: New policies on spot electricity market were introduced, and energy storage and other opportunities were welcomed
On November 25, the National Energy Administration issued the Basic Rules for the Spot Power Market (Draft for Comments) and the Measures for the Supervision of the Spot Power Market (Draft for Comments), aiming to standardize the operation and management of the spot power market, safeguard the legitimate rights and interests of power market entities according to law, and promote the construction of a unified, open and orderly competitive power market system. The draft again clearly establishes the allocation and return mechanism for the user side to participate in ancillary services. Emerging entities such as energy storage, distributed power generation, load aggregators, virtual power plants and new energy micro grids are expected to optimize the profit model through the expansion of the peak valley price difference in the spot market.
Comments: The construction of the national unified power market system has always been a national event. The introduction of the new policy will undoubtedly speed up the development of the spot power market in an all-round way, which is in line with the Guiding Opinions on Accelerating the Construction of the National Unified Power Market System issued by the National Development and Reform Commission and the National Energy Administration in January this year. At present, the energy storage business model is not perfect, which also restricts the further development of the energy storage industry. The market really plays a decisive role in the allocation of power resources. It is unimaginable that there is no spot transaction and sensitive price signal guidance. The introduction of the new policy will undoubtedly enhance the activity of the energy storage market on the user side, the grid side and the power side, and gradually form a benign business model and a range of diversified ancillary service varieties.
Hotspot 12: Many provinces released the "Fourteenth Five Year Plan" energy storage plan, twice the national planning goal
At present, the "Fourteenth Five Year Plan" for energy storage has been successively issued in various regions. According to incomplete statistics, the total development target of new energy storage planned by various provinces exceeds 60 million kilowatts, twice the "30 million kilowatts by 2025" proposed in the Guidance on Accelerating the Development of New Energy Storage issued by the National Energy Administration. There are 17 provinces and cities that have explicitly put forward energy storage plans, among which Qinghai, Gansu and Shanxi have the largest planned energy storage scale, and the installed capacity of new energy storage will be 6 million kilowatts in 2025. It is expected that the domestic energy storage planning and installation will accelerate, and the industry will show a faster than expected development. The compound annual growth rate of energy storage capacity during the "14th Five Year Plan" will reach 79%.
Comments: The new power system construction will help the energy storage industry with its strong demand and policies, as well as the high goal of energy storage scale and the establishment of the independent market position of energy storage, which is bound to make the energy storage industry advance by leaps and bounds, and also make the traditional industry out of reach. This has led to the establishment of a large number of new energy storage technology and service companies, which have exceeded hundreds this year. However, the cross-border energy storage of listed companies is in full swing, and it remains to be seen whether the touchstone of energy storage can really break or solve the dilemma of declining performance of some listed companies. In fact, the professional threshold of the energy storage industry is very high, safety is the bottom line, and it is also capital intensive. At present, the energy storage industry is still in the early stage of commercialization, and some fields are even in the early stage of commercialization. For example, the cold storage/heat storage field is still in the start-up stage. Because the characteristics and differences of energy storage technologies under different application scenarios are large, and the technical barriers are even high, the influx of a large number of enterprises is likely to lead to a mixture of good and bad energy storage products and systems, and a reshuffle is inevitable. Moreover, the business model has always been a difficult point in the formulation of energy storage policies. To make the energy storage industry bigger and stronger, there must be real effort, real technology, and a talent team dedicated to innovation. The lack of knowledge and experience will restrict the industry and development to a certain extent, and the accumulation of big data in the operation of energy storage projects also requires time and further analysis and summary. Investment in energy storage must be better in technical standards, and must have a complete knowledge management system and technical rules in product development experience.
At present, the energy storage industry is still in the early stage of commercial development, and it is inevitable to have a mixture of good and bad and face a reshuffle. Of course, more enterprises are still rushing forward, because they are full of expectations for new energy, and they are more willing to roll snowballs with customers on the long and thick snow slope to create value with their expertise, so that the warmth shines on the world.
Under the beautiful vision, the development of the industry will also face the threat of the trend of the times. International geopolitical conflicts, global economic inflation, commodity price inflation and other black swan (grey rhinoceros) events are hard to stop. In the face of continuous challenges, energy storage people have not sunk but never moved forward. From the hands of holding up their mobile phones to take photos at the energy storage conference, and from the enthusiasm of participating enterprises who are not afraid of the impact of the epidemic, From the passionate reports of the speakers, we can deeply feel that the fire of energy storage has always been burning in our hearts, and the energy storage industry support policies constantly issued at the national and local levels have given the industry a strong impetus. However, under the fierce competition in the industry, the phenomenon of winning the bid at low prices, poaching talents, shoddy products, blind capital driven will inevitably disturb the market order, which requires us to coordinate innovation in the upstream and downstream industrial chains, To jointly build an industrial supply chain and an ecological chain and contribute to the sustainable and healthy development of the energy storage industry.
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