Roundtable Discussion @CNESA 

China’s new energy storage capacity nearly tripled compared to 2022, reaching  34.5 GW by the end of 2023. With new energy storage becoming a more important tool in decarbonizing the power system, the government has emphasized the need to promote its development, such as in the National Energy Administration’s recent "Notice on Promoting Grid Integration and Dispatch Application of New Energy Storage". To support these efforts, NRDC along with the China Energy Storage Alliance (CNESA) released a report on innovative market mechanisms and business models for new energy storage at the 12th Energy Storage International Conference and Expo (ESIE 2024) on April 12. The report analyzes generation, grid, and user-side energy storage business models and market mechanisms, drawing on the experiences in international energy storage markets and provinces in China. The report recommends improvements to market mechanisms and business models for new energy storage, including mechanisms that allow renewables and energy storage to jointly participate in the power market. Fen Yue, Deputy Secretary General of CNESA, presented the research findings, followed by a panel discussion with representatives from power generation, grid, renewables and energy storage entities. Over 150 attendees joined the event, and nearly 7000 watched it online. 

The report findings were covered by Xinhua News Agency, China.com, and Huaxia Energy Net.