Global Market Development and Outlook-20190520

China Energy Storage Market Development and Forecast China Energy Research Society Energy Storage Committee China Energy Storage Alliance Tina, Zhang Jing Contends China’s Market Development Market Size and Policy Market Summary Market Forecast China’s Energy Storage Development Technology Verification 2010 Year’s End 2.4MW of electrochemical energy storage capacity; 11 projects R 205 projects Increase Policy Support Increase Installation Capacities Expand Fields Develop Business Models Early Stage Commercialization Expand Industry Scale Develop Leading Technologies Complete Standards System Create Diverse Business Models 2020 Prediction Electrochemical energy storage capacity will surpass 3GW Develop Commercial System 2023 Prediction Electrochemical energy storage capacity will reach 20GW 2000-2010 2011-2015 2016-2020 2021-2025 China Energy Storage Market Size Unit GW Pumped Hydro Share Electro-chemical ES Share *Other ES Share 2015 22.70 99.3 0.16 0.7 0.0015 0 2017 28.49 98.7 0.39 1.3 0.0231 0.08 2018 29.99 95.8 1.07 3.4 0.2504 0.8 Data Source CNESA Database; Data are accumulated. * Compressed Air ES and Molten Salt Thermal Storage. 2018 Electrochemical ES Market Size and Growth 2018 ES Technology Breakdown 2018 ES Application Breakdown Policy as A Market Driver 关于促进我国储能技术 与产业发展的指导意见 关于进一步深化电力 体制改革的若干意见 国家发展改革委关于创 新和完善促进绿色发展价 格机制的意见 Target and Plan Market Mechanism Price Mechanism Local Guiding Opinions Grid Guiding Opinions Ancillary Services Regulations Demand response Popularity of peak and off-peak price Increase the strength of peak and off-peak price differences Open frequency regulation market to ES Making profit from peak and off-peak price difference Improve wind and solar generation quality Help with peak shaving Big ES market growth Lower construction cost of ES technology 40-60 ES Standards system building Improvement of some technologies Key Market Characters Electrochemical ES installation is over 1GW, start scale-up development period Technology is concentrating, construction cost keeps decreasing Well recognized by the market, application areas enlarged ES has big growth in grid side, over 600MW plan ES has obvious profit in frequency regulation market Local ES policy released, containing subsidies Technology and product standards is releasing The market requests a lower price, profit is not satisfying Investors become very careful Data Source CNESA forecast; pump-hydro and molten salt thermal storage data are from public release. Unit GW 2016 2017 2018 2019 2020 Pumped hydro storage 26.69 28.49 29.99 35.00 40.00 Compressed air storage - - 0.01 0.09 0.49 Electrochemical Energy Storage 0.27 0.39 1.01 1.92 3.30 Molten Salt Thermal Storage 0.01 0.02 0.22 0.62 1.369 Total 26.97 28.90 31.23 37.63 45.16 Five-Year Forecast for Electrochemical Energy Storage 2019-2023 China Energy Storage Forecast 谢谢 Thanks for Your Time