Thanks to the continuous improvement of energy storage policies, significant technological breakthroughs, strong global market demand, ongoing improvement of business models, and the acceleration of energy storage standards, the energy storage industry has maintained a high-speed growth momentum in the first half of the year.
At the same time, industry insiders have noted that the competition in the energy storage sector has intensified, leading to difficulties for numerous system integrators to survive. The inherent explosive characteristics of lithium batteries have not undergone fundamental breakthroughs, and the challenge of profitability remains unresolved, while an unspoken overcapacity lurks beneath the wave of intensive expansion.
Safety and profitability under scrutiny
Despite rapid industry development, issues such as safety and profitability have yet to be resolved. According to Wang Xin, Senior Manager at the Solar Energy Solution Center, safety issues in the energy storage industry can trigger significant chain reactions. Safety concerns encompass not only fire safety but also grid connection safety, operation and maintenance safety, revenue safety, and personal asset safety. Wang Xin cites a project that lasted 180 days, oscillating repeatedly during off-grid testing, but ultimately failed to connect to the grid. Grid connection safety is often overlooked. Another energy storage project had a remaining battery capacity of only 83.91% within a year of grid connection, posing hidden safety risks to the station and the owner’s revenue.
The trend of integrated solar and storage
“After over 20 years of development, the photovoltaic industry has achieved grid parity ahead of schedule. Now, the industry’s goal is to achieve 24-hour dispatchable solar and storage power stations at grid parity between 2025 and 2030. In simple terms, the aim is to construct power stations that are friendly to the grid and can be called upon 24/7, similar to thermal power plants, using both solar energy and energy storage. If this goal is achieved, it will enable the construction of a new power system dominated by renewable energy.”
Industry insiders further point out that integrated solar and storage is not merely the combination of photovoltaics and energy storage; instead, it involves connecting and deeply integrating the two platforms. Based on the actual project conditions, flexible adjustments are made to achieve the optimal overall system efficiency and maximize economic benefits. From the perspective of core energy storage product technologies, photovoltaic manufacturers entering the energy storage race tend to play the role of system integrators and may find it challenging to establish a complete industry chain advantage in a short time. Currently, the energy storage market structure has not yet formed, and under the trend of integrated solar and storage development, the energy storage industry landscape is expected to be reshaped once again.
The information provided by Styler (“we,” “us” or “our”) on (the “Site”) is for general informational purposes only. All information on the Site is provided in good faith, however, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SITE OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SITE. YOUR USE OF THE SITE AND YOUR RELIANCE ON ANY INFORMATION ON THE SITE IS SOLELY AT YOUR OWN RISK.
Post time: Aug-03-2023
