Commercial and industrial energy storage is developing rapidly and will continue to become mainstream - four business models emerge
The global commercial and industrial energy storage market is ushering in a golden period of industrial development. According to the latest report data, in 2022, the cumulative installed capacity of global new energy storage reached 46.2GW, of which the total installed capacity of industrial and commercial energy storage is 4.2GW, accounting for about 9.1% of the cumulative installed capacity of global new energy storage.
With the gradual development of the industrial and commercial energy storage market, various business models have emerged. The report shows that the current domestic industrial and commercial energy storage market mainly reflects four major business models: contract energy management, financial leasing + contract energy management, owner self-investment and pure leasing.
Liu Yong, Secretary General of China Chemical and Physical Power Industry Association Energy Storage Application Branch, pointed out that in the next 3-5 years, industrial and commercial energy storage will continue to become mainstream. This is due to the policy guidance, the self-regulation ability of power consumption units, the introduction of tariff subsidy policy and the continued promotion of domestic power market reform.
Liu Yong said, at present, the user side of the energy storage is still in the primary stage. But taking into account the "peak summer" "winter" and industrial and commercial tariff policy improvement, to ensure "user electricity security" and "reduce electricity consumption Cost" will become the core power of industrial and commercial energy storage.
The rapid development of domestic industrial and commercial energy storage industry urgently needs the common support of national policy, grid mechanism, business model and enterprises. September 10-11, China Chemical and Physical Power Industry Association and the Institute of Carbon Neutral Energy Research of the Southern University of Science and Technology and other experts and institutions in the field of energy storage in Shenzhen Pengrui Raffles Hotel co-organized "Carbon Neutral Energy Summit Forum and the Third Carbon Neutral Energy Summit Forum and the Third Carbon Neutral Energy Summit Forum and the Third Carbon Neutral Energy Summit Forum". and Energy Summit Forum and the Third China International Conference on New Energy Storage Technologies and Engineering Applications", and re-released the "2023 China Industrial and Commercial Energy Storage Development White Paper".
The industrial and commercial energy storage industry has shown great prospects for development worldwide.
The data of "2023 China Industrial and Commercial Energy Storage Development White Paper" shows that the new installed capacity of global industrial and commercial energy storage is expected to reach 1.5GW in 2023, and the cumulative installed capacity of global industrial and commercial energy storage can reach 11.5GW in 2025.
Accordingly, it is estimated that by 2025, the cumulative market size of global industrial and commercial energy storage will be between $19 billion and $24 billion. The installed capacity of the United States and China is expected to account for more than 50% of the global market.
From the perspective of global regional distribution, global commercial and industrial energy storage is mainly concentrated in the United States, Germany, Japan and China, and the installed capacity of commercial and industrial energy storage in the above four countries accounts for about 79% of the global total installed capacity. The report mentions that the main reason for this is that the industrial and commercial (mainly industrial) in the above countries are more developed, and at the same time, the policy support given to industrial and commercial energy storage is higher.
From the domestic regional perspective, the cumulative installed power distribution of industrial and commercial energy storage in 2022, East China, South China and Northwest China ranked the top in terms of installed capacity. East China region has the largest industrial and commercial energy storage in operation, with a cumulative total of 373MW, accounting for 37.8% of the total installed power of industrial and commercial energy storage in the country.
East China's industrial and commercial energy storage installations are mainly distributed in Zhejiang and Jiangsu, two large power provinces, its peak and valley spread is higher, more subsidy policies, industrial and commercial enterprises layout energy storage enthusiasm.
The data in the report shows that from January to June 2023, China's user-side energy storage project new installed capacity of about 138MW, its type is mainly commercial and industrial energy storage. It is expected that in 2023, China's new installed scale of industrial and commercial energy storage is expected to reach 300MW-400MW.
The report predicts that by 2025, the total installed capacity of industrial and commercial energy storage in China will account for about 4.5% of the total installed capacity of new energy storage, and according to the estimation of the total installed capacity of new energy storage of about 70GW, the total installed capacity of industrial and commercial energy storage in China will be about 3.2GW at the end of 2025.
According to the industrial and commercial energy storage system cost of about 1.2 yuan / Wh - 1.5 yuan / Wh, energy storage duration of about 2.5 hours of estimation, to 2025 there is about 2.2GW / 5.5GWh of growth space, to 2025 industrial and commercial energy storage cumulative market size of about 6.5 billion yuan - 8 billion yuan.
From the domestic situation, due to the relatively high investment costs and users' security concerns, the early market favored such models as contractual energy management and financial leasing, which helped to promote more active adoption of energy storage technology by power-using enterprises. However, as the market matures further, it is expected that owner-investment and pure leasing models will gradually dominate.