In February 2021, the National Energy Administration issued the "Guiding Opinions on Accelerating the Development of New Energy Storage", proposing that by 2025, the installed capacity of new energy storage should reach more than 30 GW, of which about 20 GW is for industrial and commercial energy storage. As of the end of 2021, the installed capacity of distributed photovoltaic power generation in China's industrial and commercial sectors was about 52 million kilowatts, an increase of more than four times compared to 2020; Among the newly installed distributed photovoltaic capacity in China, the proportion of industrial and commercial distributed photovoltaic capacity exceeds 80%; In the future, with the development of industrial and commercial distributed photovoltaics and the popularization of rooftop photovoltaics in residential households, industrial and commercial users will also deploy a large number of them.

From the current situation of the industry, the rise of industrial and commercial energy storage cannot be separated from policy support and market drive. In recent years, the successive introduction and improvement of policies such as time of use electricity prices, special energy storage subsidies, and demand side response have created favorable conditions for the investment and construction of industrial and commercial energy storage projects. Especially with the further improvement of the time of use electricity pricing mechanism, the price difference between peak and valley has widened, improving the economic efficiency of industrial and commercial energy storage. According to statistics, under the current time of use electricity pricing mechanism, in the first half of 2023, there are 19 regions in China with peak valley price differences exceeding 0.7 yuan/kWh, with Guangdong having the largest price difference, providing a broad market space for the development of industrial and commercial energy storage. In September, the highest peak valley electricity price difference in China was 1.37 yuan/kWh, with 18 regions having the highest peak valley price difference exceeding 0.7 yuan/kWh (0.7 yuan/kWh is recognized by the industry as the threshold price difference for achieving economic efficiency in industrial and commercial energy storage).

The picture shows the Tianchen Industrial and Commercial Liquid Cooled Cabinet

From the perspective of industry prospects, the development potential of industrial and commercial energy storage is immeasurable. On the one hand, with the large-scale integration of wind and solar resources, the demand for energy storage quality and quantity in the power grid is increasing, and the market demand for industrial and commercial energy storage will continue to grow. On the other hand, with the advancement of technology and the decrease in costs, the economic viability of industrial and commercial energy storage will be further enhanced, making its application in energy systems more widespread.

However, despite the seemingly booming industrial and commercial energy storage industry, some investors still hold a wait-and-see attitude. Industry experts have stated that with the further maturity of the market and the continuous promotion of policies, the profit model of industrial and commercial energy storage will become clearer, and the investment return will also be more substantial.

Overall, the industrial and commercial energy storage industry has entered a "golden period" of development in 2023, which is driven by both market demand and policy support. Facing the future, Tianchen Intelligent Storage will play a greater role in the new energy storage industry and achieve broader market prospects.

The picture shows the Tianchen Industrial and Commercial Liquid Cooled Cabinet