China-europe shared energy storage policy

How is energy storage developing in China?

However, China's energy storage is developing rapidly. The government requires that some new units must be equipped with energy storage systems. The concept of shared energy storage has been applied in China, which effectively promotes the development of energy storage. 4.3. Explore new models of energy storage development

What does the European Commission say about energy storage?

The Commission adopted in March 2023 a list of recommendations to ensure greater deployment of energy storage, accompanied by a staff working document, providing an outlook of the EU’s current regulatory, market, and financing framework for storage and identifies barriers, opportunities and best practices for its development and deployment.

How does the EU support China in the energy sector?

To facilitate its efforts, China embraces foreign aid. In recognition of China’s energy needs, the EU has been cooperating with the nation in the energy sector by “providing assistance to China in line with European development strategy” (EU–China Clean Energy Centre 2015: 18).

Does the EU have a 'limited' energy relationship with China?

The “limited” gains in the EU’s energy relationship with China are demonstrated in terms of both investment and trade, which display highly unbalanced images. On investment, although China’s investment in the EU’s energy sector has soared in recent years, European companies’ investment in China’s energy sector has remained almost zero.

How does the European Union affect energy storage?

Simultaneously, the European Union has made regular revisions to top-level policies and power market regulations to promote large-scale energy storage development and provide favorable conditions for energy storage to participate in the power market on a greater scale, which is instructive for China.

What are the application scenarios of energy storage in China?

It also introduces the application scenarios of energy storage on the power generation side, transmission and distribution side, user side and microgrid of the power system in detail. Section 3 introduces six business models of energy storage in China and analyzes their practical applications.