Cao Hu, Vice President, BYD Electric Power Research Institute
To promote the efficient scheduling and utilization of new energy storage, I believe that companies can make efforts from two aspects.
In terms of the electricity market, first, there is a need to expedite the development of the electricity market by encouraging the collective use of distributed energy storage facilities on the user side, such as uninterruptible power supplies, electric vehicles, and charging stations to achieve “one storage for multiple use”. It is also crucial to diversify the types of trading products in the ancillary services market, hasten the establishment of the capacity market, and properly increase the ratio of ancillary service costs to end-use energy costs.
Second, it is vital to propel the diverse, market-driven, and large-scale growth development of new energy storage projects. This entails establishing a robust and sustainable profit model and accelerating the implementation of pricing mechanisms that reflect the value of new energy storage.
Regarding operational deployment, first, it is imperative to refine and optimize the mechanisms for energy storage scheduling. This involves setting phased goals for energy storage power scheduling and enhancing the intelligence level of grid management. By considering various scenarios for different types of new energy storage, it is important to ensure scientific scheduling systems and operational methodologies.
