The future prospects of new energy storage are promising, and the energy storage industry is about to experience a major boom

In 2024, the global economy is experiencing an unprecedented "chill", and the expected vigorous vitality has not arrived as expected. In 2024, the global economy is experiencing an unprecedented "chill", and the expected vigorous vitality has not arrived as expected. In the vast ocean of the economy, every subtle fluctuation can trigger a series of magnificent chain reactions. These reactions are like dominoes, once triggered, they spread along the intricate economic network in unpredictable ways, affecting every corner of the market and influencing the fate of every economy. The cold of the economy has been deeply reflected in the body of the manufacturing industry. The global manufacturing industry is undergoing a process of industrial upgrading, and traditional manufacturing enterprises must compete and transform towards high-end manufacturing and green manufacturing through technological innovation and industrial upgrading. The energy industry is no exception, and everyone deeply feels that the fierce waves are impacting the original form. In the COP29 series of events held in Azerbaijan, "energy storage" has been pushed to an unprecedented focal point. The constantly changing market demand and the increasingly pressing global climate issue are strongly demanding that the energy manufacturing industry, and even the global manufacturing industry, transform towards green and sustainable development. The new type of energy storage is stepping onto the stage of the times with unprecedented importance and confidence. Last year at this time, Energy Storage Headlines wrote an article titled 'China Needs Energy Storage Now'. We believe that new energy storage is an unstoppable trend of the times. It seems that for a long time in the future, the world will have a great need for energy storage. The President of the United Nations Climate Change Conference has launched the COP29 Global Energy Storage and Grid Commitment, aimed at accelerating infrastructure construction, supporting the development of renewable energy worldwide, and ensuring that the global energy storage installed capacity reaches 1500GW by 2030, of which 1200GW is battery storage. In addition, the commitment also proposes to increase or renovate 25 million kilometers of power grids worldwide by 2030, and an additional 65 million kilometers by 2040.

New energy storage: a national or regional strategy to become a major global economy

Global action to address climate change and achieve carbon neutrality goals require a broad and profound new energy revolution, and the new energy storage industry is an important foundational industry and necessary condition to support the large-scale application of new energy and promote carbon neutrality.
. For a long time, although pumped storage has accounted for half of the global cumulative installed capacity of energy storage, with a scale of over 80%, the core driving force for new installed capacity in the global energy storage market in recent years has mainly come from new energy storage represented by electrochemical energy storage. New energy storage has become a hot topic in global industrial competition. Major economies such as the United States, the European Union, and Japan have elevated the development of new energy storage industries to a national or regional strategy. At a very early stage, the United States recognized the important role of energy storage technology in ensuring the safety and reliability of the power grid, and attached great importance to the development of new energy storage technologies, providing support from various aspects such as top-level design, fiscal security, and tax credits. In 2011, the US Department of Energy released the "2011-2015 Energy Storage Battery Plan", which focused on how to install energy storage systems to achieve their maximum efficiency. Through the construction and operation feedback of energy storage demonstration projects, it guided the optimization of research directions, as well as the industrial design of energy storage facilities and how to achieve large-scale industrial production. By 2020, the United States has allocated significant funds to support energy storage. In January of that year, the US Energy Agency announced a $158 million investment to launch the "Energy Storage Challenge" program, and in December of the same year, officially released the first comprehensive strategy in the energy storage field in the United States, the "Energy Storage Challenge Roadmap". This roadmap revolves around the three key challenges of domestic innovation, domestic manufacturing, and global deployment in the United States, proposing 28 specific measures and clarifying phased development goals for the energy storage industry. In November 2022, it was announced that nearly $350 million would be allocated for emerging long-term energy storage demonstration projects under the Bipartisan Infrastructure Act and the Inflation Reduction Act. In January 2023, the US Department of Energy's Office of Science announced a $125 million investment in the "Battery and Energy Storage Innovation Center" program framework to support basic research on next-generation battery energy storage technologies, accelerating the deployment of transformative energy storage technologies in the transportation and power sectors. The United States is promoting the widespread commercial demonstration deployment and application of energy storage systems by reducing costs, in order to achieve the goal of 100% clean electricity by 2035. The EU hopes to use high-performance new energy storage batteries to occupy the core position of the future electrified society and compete for the leading position in global battery research and production. In January 2021, the European Commission announced the establishment of an important project of common interest in Europe, the "European Battery Innovation" platform. Austria, Belgium, Croatia, Finland, France, Germany, Greece, Italy, Poland, Slovakia, Spain, and Sweden jointly invested 2.9 billion euros to promote innovative research and development in the battery value chain and establish a pan European battery ecosystem. In January 2023, the European Union announced a funding of 1.8 billion euros from the Innovation Fund to invest in 16 large-scale innovation projects. The research and development direction of energy storage technology includes innovative fixed energy storage technology research and development, as well as innovative lithium-ion battery recycling technology. Due to high population density and limited land area, the Japanese government prefers to adopt "distributed clean energy+energy storage" technology to meet the growing energy demand. In April 2016, the Japanese Ministry of Economy, Trade and Industry released the "Energy and Environmental Technology Innovation Strategy", which clearly stated that by 2050, the focus of research in the energy storage field would be on solid-state lithium batteries, lithium sulfur batteries, new metal air batteries, and other new types of batteries. In December 2020, the Japanese Ministry of Economy, Trade and Industry released the "Green Growth Strategy", which clearly proposed the development of new energy storage technologies with better performance and lower cost. In August 2022, the Japan Battery Industry Strategic Research Public Private Council officially released the "Battery Industry Strategy", which clearly proposes to invest 100 billion yen to promote government and private cooperation, advance the exploration and research of low-cost, high value-added battery system integration, and strive to achieve full commercialization of all solid state batteries around 2030. These are all real and substantial investments of real money and silver!

Countries around the world are competing to pursue the shining pearl of new energy storage, striving to seize this potential market highland. New energy storage technologies will undoubtedly occupy a pivotal position in the future energy landscape.
. In the fierce competition of the global new energy storage market, China stands out with strong strength and demonstrates extraordinary competitiveness. According to data from the Ministry of Industry and Information Technology and the National Energy Administration, China has become the world's largest market for new energy storage applications. As of the end of September 2024, the scale of new energy storage projects that have been built and put into operation in China has reached 58.52GW, an increase of about 86% compared to the end of 2023, and the scale of new energy storage projects under construction has reached 37.79GW. The installed capacity of China's new energy storage market has grown strongly. In 2023, the output value of new energy storage has exceeded 300 billion yuan, and the industrial ecology has taken initial shape. By 2030, the cumulative installed capacity of new energy storage in China is expected to reach 220GW, and the industry's total output value is expected to exceed 3 trillion yuan. What is the concept of a production value of 3 trillion yuan? Equivalent to the total national economy of an economically developed city like Shenzhen. From the perspective of urban economic aggregate, a production value of 3 trillion yuan is enough to make a city rank among the top ten economies in the world. Since 2021, China has issued multiple high-level policy documents. Among them, the State Council has issued at least 9 support and guidance documents on new energy storage as the issuing department. The key content involves the large-scale application of new energy storage, encouraging distributed photovoltaic distribution and storage, supporting the integration of wind, solar and energy storage, establishing a new energy storage price formation mechanism, accelerating the demonstration and promotion of new energy storage, and proposing a planning target of over 30 million new energy storage installed capacity by 2025. Given that the commercial model of energy storage on the power side is still in its immature stage and there are many urgent problems that need to be solved, local governments have decisively introduced a series of mandatory storage measures to ensure the smooth implementation and stable operation of energy storage projects. These measures not only reflect the high importance that local governments attach to energy storage projects, but also demonstrate their determination and responsibility in promoting the transformation and upgrading of the energy industry. Not only that, based on two considerations, local governments have also successively issued a large number of policy documents to support the development of new energy storage, in order to increase the intensity of energy storage development. One is to encourage the development of new energy storage in our province, and the other is to address the challenges posed by the increasing proportion of wind and solar power to the safe operation of the power grid and stable power supply. Against the backdrop of the rapid development of the industrial revolution and the tide of green transformation in manufacturing, China has gradually built a new energy storage industry system with complete categories and supporting facilities. The market environment for new energy storage in China is constantly improving, and the government is actively promoting the reform of the power system and electricity pricing mechanism, providing favorable conditions for new energy storage to participate in the electricity market. As of the end of June 2024, the total number of energy storage enterprises in China has surged to 191000, an increase of more than ten times compared to 2014. China's new energy storage enterprises not only dominate the domestic market, but also actively expand into international markets, cooperating and competing with globally renowned enterprises. The new type of energy storage has reached a state of vitality and competition among all things. Although the economic environment may be cold, the popularity of new energy storage has injected new impetus and vitality into economic development. The issue of energy storage at COP29 showcases a shared global vision for energy transition and demonstrates the determination of countries to take action towards new forms of energy storage. The enormous development potential of new energy storage has attracted increasing attention and investment, becoming a new engine and driving force for promoting high-quality economic development and green transformation of manufacturing industry. On the stage of COP29, representatives and experts from various countries will share the latest research results and application cases of energy storage technology, discuss and promote international cooperation in energy storage technology, etc. These actions will inject new impetus into the global energy transition and sustainable development. At present, global climate change has attracted widespread attention. Carbon neutrality and peak carbon emissions are not only China's solemn commitment to the United Nations, but also a long-term national policy. In today's increasingly important field of new energy, the related demand is growing. In the fields of entrepreneurship and investment, the value of the new energy direction is also worth further exploration. If you have a business belonging to the new energy direction, you must choose a park with strong specialization in the new energy industry. For example, if you are looking for office buildings in Nanjing or Qinhuai, you can choose Qinglan Digital Energy Valley. This is a multi-functional new energy industry innovation demonstration park that integrates "research and development+incubation+exhibition+training+service", a digital economy industry highland, a provincial-level demonstration park, and a national level technology enterprise incubator. There are various resources related to the upstream and downstream industrial chain of new energy. The project is located in Block 518 of China Electronics Technology Corporation, No.1 Putian Road, Qinhuai District, Nanjing City. The investment hotline is 139 5168 1265. Those who have a demand for office buildings in the Nanjing area can choose.