IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v49y2015icp805-812.html
   My bibliography  Save this article

Development of energy storage industry in China: A technical and economic point of review

Author

Listed:
  • Li, Yun
  • Li, Yanbin
  • Ji, Pengfei
  • Yang, Jing

Abstract

With the global attention and continuous investment in the field of clean energy and carbon emission reduction, the renewable energy occupies an increasingly large proportion in the power system. China, as the world׳s fastest developing country, the development of renewable energy becomes an inevitable path in the context of low-carbon economy. However, due to the intermittent and stochastic property of renewable energy, the renewable energy system cannot be widely used without the configuration of energy storage system. The aforementioned requirement precipitates the industrial application of energy storage technology becomes increasingly urgent. However, according to the present status of energy storage industry in China, there are enormous difficulties to be overcome promptly. In this work, the development status of China׳s energy storage industry is analyzed from the perspectives of technology, application and policy, by referring to a large number of statistical literatures. Subsequently, the existing problems are categorized in terms of technology, cost, promotion, policy mechanisms. In the end, suggestions to solve the above problems are put forward, aiming at facilitating the rapid development of energy storage industry in China.

Suggested Citation

  • Li, Yun & Li, Yanbin & Ji, Pengfei & Yang, Jing, 2015. "Development of energy storage industry in China: A technical and economic point of review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 805-812.
    • Handle: RePEc:eee:rensus:v:49:y:2015:i:c:p:805-812
    DOI: 10.1016/j.rser.2015.04.160
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S136403211500430X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2015.04.160?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Evans, Annette & Strezov, Vladimir & Evans, Tim J., 2012. "Assessment of utility energy storage options for increased renewable energy penetration," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(6), pages 4141-4147.
    2. Ming, Zeng & Kun, Zhang & Daoxin, Liu, 2013. "Overall review of pumped-hydro energy storage in China: Status quo, operation mechanism and policy barriers," Renewable and Sustainable Energy Reviews, Elsevier, vol. 17(C), pages 35-43.
    3. Chatzivasileiadi, Aikaterini & Ampatzi, Eleni & Knight, Ian, 2013. "Characteristics of electrical energy storage technologies and their applications in buildings," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 814-830.
    4. Koohi-Kamali, Sam & Tyagi, V.V. & Rahim, N.A. & Panwar, N.L. & Mokhlis, H., 2013. "Emergence of energy storage technologies as the solution for reliable operation of smart power systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 135-165.
    5. Ibrahim, H. & Ilinca, A. & Perron, J., 2008. "Energy storage systems--Characteristics and comparisons," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(5), pages 1221-1250, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. He, Gang & Zhang, Hongliang & Xu, Yuan & Lu, Xi, 2017. "China’s clean power transition: Current status and future prospect," Resources, Conservation & Recycling, Elsevier, vol. 121(C), pages 3-10.
    2. Tong, Zheming & Cheng, Zhewu & Tong, Shuiguang, 2021. "A review on the development of compressed air energy storage in China: Technical and economic challenges to commercialization," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    3. Wesseh, Presley K. & Benjamin, Nelson I. & Lin, Boqiang, 2022. "The coordination of pumped hydro storage, electric vehicles, and climate policy in imperfect electricity markets: Insights from China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 160(C).
    4. McIlwaine, Neil & Foley, Aoife M. & Morrow, D. John & Al Kez, Dlzar & Zhang, Chongyu & Lu, Xi & Best, Robert J., 2021. "A state-of-the-art techno-economic review of distributed and embedded energy storage for energy systems," Energy, Elsevier, vol. 229(C).
    5. Yu, Hongwei & Duan, Jinhui & Du, Wei & Xue, Song & Sun, Jinghui, 2017. "China's energy storage industry: Develop status, existing problems and countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 71(C), pages 767-784.
    6. Shen Wang & Guohe Huang & Yurui Fan, 2018. "A Multistage Distribution-Generation Planning Model for Clean Power Generation under Multiple Uncertainties—A Case Study of Urumqi, China," Sustainability, MDPI, vol. 10(9), pages 1-30, September.
    7. Hamelink, Martijn & Opdenakker, Raymond, 2019. "How business model innovation affects firm performance in the energy storage market," Renewable Energy, Elsevier, vol. 131(C), pages 120-127.
    8. Chen, Weidong & Zeng, Yu & Xu, Chongqing, 2019. "Energy storage subsidy estimation for microgrid: A real option game-theoretic approach," Applied Energy, Elsevier, vol. 239(C), pages 373-382.
    9. Colmenar-Santos, Antonio & Molina-Ibáñez, Enrique-Luis & Rosales-Asensio, Enrique & Blanes-Peiró, Jorge-Juan, 2018. "Legislative and economic aspects for the inclusion of energy reserve by a superconducting magnetic energy storage: Application to the case of the Spanish electrical system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2455-2470.
    10. Fan, Xiao-chao & Wang, Wei-qing, 2016. "Spatial patterns and influencing factors of China׳s wind turbine manufacturing industry: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 482-496.
    11. Zhong, Meirui & Huang, Gangli & He, Ruifang, 2022. "The technological innovation efficiency of China's lithium-ion battery listed enterprises: Evidence from a three-stage DEA model and micro-data," Energy, Elsevier, vol. 246(C).
    12. Ding, Jie & Xu, Yujie & Chen, Haisheng & Sun, Wenwen & Hu, Shan & Sun, Shuang, 2019. "Value and economic estimation model for grid-scale energy storage in monopoly power markets," Applied Energy, Elsevier, vol. 240(C), pages 986-1002.
    13. Wesseh, Presley K. & Lin, Boqiang, 2021. "Bulk storage technologies in imperfect electricity markets under time-of-use pricing: Implications for the environment and social welfare," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    14. Arani, A.A. Khodadoost & Karami, H. & Gharehpetian, G.B. & Hejazi, M.S.A., 2017. "Review of Flywheel Energy Storage Systems structures and applications in power systems and microgrids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 9-18.
    15. Yan Xu & Junjie Kang & Jiahai Yuan, 2018. "The Prospective of Nuclear Power in China," Sustainability, MDPI, vol. 10(6), pages 1-21, June.
    16. Xue, Xiaojun & Li, Jiarui & Liu, Jun & Wu, Yunyun & Chen, Heng & Xu, Gang & Liu, Tong, 2022. "Performance evaluation of a conceptual compressed air energy storage system coupled with a biomass integrated gasification combined cycle," Energy, Elsevier, vol. 247(C).
    17. Ren, Guorui & Liu, Jinfu & Wan, Jie & Guo, Yufeng & Yu, Daren, 2017. "Overview of wind power intermittency: Impacts, measurements, and mitigation solutions," Applied Energy, Elsevier, vol. 204(C), pages 47-65.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zakeri, Behnam & Syri, Sanna, 2015. "Electrical energy storage systems: A comparative life cycle cost analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 569-596.
    2. Hemmati, Reza & Saboori, Hedayat, 2016. "Emergence of hybrid energy storage systems in renewable energy and transport applications – A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 11-23.
    3. Menéndez, Javier & Ordóñez, Almudena & Álvarez, Rodrigo & Loredo, Jorge, 2019. "Energy from closed mines: Underground energy storage and geothermal applications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 108(C), pages 498-512.
    4. Hermesmann, M. & Grübel, K. & Scherotzki, L. & Müller, T.E., 2021. "Promising pathways: The geographic and energetic potential of power-to-x technologies based on regeneratively obtained hydrogen," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).
    5. Colmenar-Santos, Antonio & Molina-Ibáñez, Enrique-Luis & Rosales-Asensio, Enrique & Blanes-Peiró, Jorge-Juan, 2018. "Legislative and economic aspects for the inclusion of energy reserve by a superconducting magnetic energy storage: Application to the case of the Spanish electrical system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2455-2470.
    6. Winde, Frank & Kaiser, Friederike & Erasmus, Ewald, 2017. "Exploring the use of deep level gold mines in South Africa for underground pumped hydroelectric energy storage schemes," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 668-682.
    7. Berrada, Asmae & Loudiyi, Khalid, 2016. "Operation, sizing, and economic evaluation of storage for solar and wind power plants," Renewable and Sustainable Energy Reviews, Elsevier, vol. 59(C), pages 1117-1129.
    8. Pejman Bahramian, 2021. "Integration of wind power into an electricity system using pumped-storage: Economic challenges and stakeholder impacts," Working Paper 1480, Economics Department, Queen's University.
    9. Jannelli, E. & Minutillo, M. & Lubrano Lavadera, A. & Falcucci, G., 2014. "A small-scale CAES (compressed air energy storage) system for stand-alone renewable energy power plant for a radio base station: A sizing-design methodology," Energy, Elsevier, vol. 78(C), pages 313-322.
    10. Katsanevakis, Markos & Stewart, Rodney A. & Lu, Junwei, 2017. "Aggregated applications and benefits of energy storage systems with application-specific control methods: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 719-741.
    11. Obi, Manasseh & Jensen, S.M. & Ferris, Jennifer B. & Bass, Robert B., 2017. "Calculation of levelized costs of electricity for various electrical energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 908-920.
    12. Hemmati, Reza & Saboori, Hedayat & Saboori, Saeid, 2016. "Stochastic risk-averse coordinated scheduling of grid integrated energy storage units in transmission constrained wind-thermal systems within a conditional value-at-risk framework," Energy, Elsevier, vol. 113(C), pages 762-775.
    13. Martin, Nigel & Rice, John, 2021. "Power outages, climate events and renewable energy: Reviewing energy storage policy and regulatory options for Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    14. Muhammad Umair Mutarraf & Yacine Terriche & Kamran Ali Khan Niazi & Juan C. Vasquez & Josep M. Guerrero, 2018. "Energy Storage Systems for Shipboard Microgrids—A Review," Energies, MDPI, vol. 11(12), pages 1-32, December.
    15. Guizzi, Giuseppe Leo & Manno, Michele & Tolomei, Ludovica Maria & Vitali, Ruggero Maria, 2015. "Thermodynamic analysis of a liquid air energy storage system," Energy, Elsevier, vol. 93(P2), pages 1639-1647.
    16. Emmanouil, Stergios & Nikolopoulos, Efthymios I. & François, Baptiste & Brown, Casey & Anagnostou, Emmanouil N., 2021. "Evaluating existing water supply reservoirs as small-scale pumped hydroelectric storage options – A case study in Connecticut," Energy, Elsevier, vol. 226(C).
    17. Cheung, Brian C. & Carriveau, Rupp & Ting, David S.-K., 2014. "Parameters affecting scalable underwater compressed air energy storage," Applied Energy, Elsevier, vol. 134(C), pages 239-247.
    18. Haas, J. & Cebulla, F. & Cao, K. & Nowak, W. & Palma-Behnke, R. & Rahmann, C. & Mancarella, P., 2017. "Challenges and trends of energy storage expansion planning for flexibility provision in low-carbon power systems – a review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 603-619.
    19. Osmani, Atif & Zhang, Jun, 2014. "Optimal grid design and logistic planning for wind and biomass based renewable electricity supply chains under uncertainties," Energy, Elsevier, vol. 70(C), pages 514-528.
    20. Poullikkas, Andreas, 2013. "A comparative overview of large-scale battery systems for electricity storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 778-788.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:49:y:2015:i:c:p:805-812. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.