Can china-europe energy storage be invested in

How will China's energy storage capacity grow in 2023?

Ahead and heading into a new era for new energy, it is expected that China’s energy storage capacity and its BESS capacity in particular will grow at a CAGR rate of 44% between 2023 and 2027. Finally, BESS development financing globally thus far has stemmed from various sources: funds, corporate funds, institutional investors, or bank financing.

Why is energy storage a problem in Europe?

The fact that it happens in many European countries is a result of energy storage being seen not only as a stand-alone entity but also as a hybrid between a load and a generator. This is problematic because it makes energy storage less competitive to generating units and consumers, who pay the network charges only once.

Does China need a solar power plant?

China dominates clean energy supply chains and has enough manufacturing capacity to meet global demand for most of the solar market to 2030. But as the US and Europe decarbonize their economies, Western governments are seeking to meet their own needs with new, local facilities capable of producing photovoltaic panels and storage.

Why is energy storage not a good investment?

Grid codes in many European countries consider energy storage as consumers while charging and generators when discharging, which makes them compliant to various regulations pertaining to both market participants. These regulations tend to reduce the energy storage’s potential for profit, making them less attractive to investors.

Why are energy storage systems important?

Energy storage systems are becoming important agents in electricity markets. They are deployed to support further integration of renewable energy sources and can offer various services to the network operators.

How to enable market participation in energy storage?

Legal framework must be adapted to enable market participation of energy storage. Legal framework at the EU level sets firm guidelines for energy storage integration. However, many countries adapt the European Commission’s regulations into their national laws by translation, only to satisfy the form.