Event: Recently, the national development and Reform Commission and the National Energy Administration issued the implementation plan for the development of new energy storage in the 14th five year plan (hereinafter referred to as the plan).
Comments:
Continue to promote the large-scale and market-oriented development of new energy storage. The plan proposes to continuously promote technological innovation, continuously improve the market mechanism, standard system and business model of the new energy storage industry, and promote the large-scale commercial application of new energy storage. In terms of specific promotion rhythm, the plan requires that by 2025, new energy storage will enter the stage of large-scale development from the initial stage of commercialization, and have the conditions for large-scale commercial application; By 2030, new energy storage will realize comprehensive market-oriented development.
We will strengthen the innovation of new energy storage technologies and promote the cost reduction of new energy storage systems and the advancement of diversified technologies. In terms of technological innovation, the policy requires diversified technology, whole process safety technology and intelligent regulation technology as the key development direction, and gradually realize the independent control of core equipment technology. The scheme proposes that by 2025, the performance of electrochemical energy storage technology will be further improved and the system cost will be reduced by more than 30%; Steam extraction and energy storage of thermal power and nuclear power units rely on new energy storage technology of conventional power supply and energy storage technology of 100MW compressed air to realize engineering application; Breakthroughs have been made in long-time scale energy storage technologies such as hydrogen energy storage and hot (cold) energy storage. Technological innovation will reduce the cost of energy storage system, and the development of diversified energy storage technology will help to lay out appropriate energy storage technologies and products according to the needs of practical application scenarios, and help the large-scale commercial development of new energy storage.
Support the construction of new power systems and promote the development of new energy storage on the power supply side, power grid side and user side. The development of new energy storage is an important basis for the construction of new power system. Increasing efforts to promote the development of new energy storage on the power side and realize the coordinated and optimal operation of new energy storage system, new energy and conventional power supply will help to enhance the regulation capacity and capacity support capacity of power system and promote the power consumption level of wind and solar renewable energy. At the same time, we will promote the rational layout of new energy storage on the power grid side, improve the level of power security and the overall efficiency of the system, and further support the development of new power systems. In addition, promote the flexible and diversified development of user side energy storage, explore new scenarios for the integrated development of energy storage, expand the application fields and application modes of new energy storage, constantly explore the profit model of new energy storage industry, and promote the commercial development of new energy storage.
Take multiple measures to accelerate the market-oriented development of new energy storage industry. The plan requires to gradually improve the market-oriented system and mechanism and promote the market-oriented development of new energy storage. First, promote the participation of energy storage as an independent market subject in various power markets, promote the participation of new energy storage in auxiliary services in various forms such as independent power stations, energy storage aggregators and virtual power plants, improve the compensation mechanism of “pay for effect” power auxiliary services, and realize the continuous improvement of the use payment mechanism and business model of new energy storage. Second, dredge the cost of new energy storage, take measures to support the power generation and grid connection of new energy power stations equipped with energy storage, establish the capacity price mechanism of independent energy storage power stations on the grid side, promote the participation of energy storage power stations in the power market, and explore the inclusion of the cost and income of grid alternative energy storage facilities into the recovery of transmission and distribution electricity price Measures such as widening the peak valley price difference, guiding the transmission of power market prices to the user side and establishing a demand side response compensation mechanism connected with the power spot market have promoted the reduction of the cost of new energy storage. Third, promote shared energy storage, carry out energy storage aggregation application and realize the innovation of investment and operation mode of new energy storage, expand the business model of new energy storage and expand the source of income of new energy storage.
Investment suggestion: with the introduction of the implementation plan for the development of new energy storage in the 14th five year plan, the scale of new energy storage is expected to grow rapidly, the gradual maturity of business model can promote the efficiency of energy storage industry, and the whole industrial chain of new energy storage is expected to benefit significantly. Suggestions: 1) energy storage temperature control targets Shenzhen Envicool Technology Co.Ltd(002837) , Guangdong Shenling Environmental Systems Co.Ltd(301018) , Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) and energy storage fire protection targets Jade Bird Fire Co.Ltd(002960) , Guoanda Co.Ltd(300902) ; 2) Energy storage integrator Jiangsu Tongli Risheng Machinery Co.Ltd(605286) , Jilin Jinguan Electric Co.Ltd(300510) and new energy storage operation target Yunnan Wenshan Electric Power Co.Ltd(600995) .
Risk tip: the policy promotion is less than expected, the project landing is less than expected, and the market competition is intensified.
