This paper provides a comprehensive review of ESS policies worldwide, identifying the different goals, objectives and the expected outcomes. It discusses the benefits of having such policies, the impact they have and opportunities they have created in the energy sector.
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For this reason, this paper will concentrate on China''s energy storage industry. First, it summarizes the developing status of energy storage industry in China. Then, this paper
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Policy interpretation: Guidance comprehensively promote the development of energy storage under the ''''dual carbon'''' goal — China Energy Driven by the national strategic goals of carbon
Approximately 16 states have adopted some form of energy storage policy, which broadly fall into the following categories: procurement targets, regulatory adaption, demonstration programs, financial incentives, and consumer protections. Below we give an overview of each of these energy storage policy categories.
In general, policies are designed to establish boundaries and provide regulatory guidelines. According to the Energy Storage Association (ESA), the policy tools fall under three categories which are value, access and competition .
All of the states with a storage policy in place have a renewable portfolio standard or a nonbinding renewable energy goal. Regulatory changes can broaden competitive access to storage such as by updating resource planning requirements or permitting storage through rate proceedings.
The International Energy Agency (IEA) estimates that in the first quarter of 2020, 30% of the global electricity supply was provided by renewable energy . ESS policy has made a positive impact on transport storage by providing alternatives to fossil fuels such as battery, super-capacitor and fuel cells.
ESS policies mostly promote energy storage by providing incentives, soft loans, targets and a level playing field. Nevertheless, a relatively small number of countries around the world have implemented the ESS policies.
However, the intermittent nature of renewable energy requires the support of energy storage systems (ESS) to provide ancillary services and save excess energy for use at a later time. ESS policies have been proposed in some countries to support the renewable energy integration and grid stability.
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