Foreign trade solar energy storage

Why is the global solar PV product trade important?

The global solar PV product trade plays an important role in facilitating PV product production and utilization and in mitigating climate change. Traded solar cells and modules in 2017 could generate 2325.25 TWh of electricity over their 30-year lifetimes.

Is energy storage (es) underused in China?

Compared with other countries, ES is underused in China to aid in renewable energy integration. The China Energy Storage Alliance estimates that 366.5 megawatts of ES was specifically being applied to renewables integration at the end of 2015 globally, but only 6 percent was in China.

Does China have a stationary energy storage sector?

The global stationary energy storage sector is still quite immature, and China is no exception. Global installed capacity of stationary energy storage was around 3 gigawatts at the end of 2016, a fraction of the nearly 250 gigawatts of solar and 500 gigawatts of installed wind capacity.

Why do we need a globalised solar PV market?

However, trade policies and harmonised coherent product standards are needed to unlock additional cost reductions and are therefore crucial to a globalised PV market that promotes safe and inclusive trade in solar PV goods and services`.

Is energy storage a priority for China?

Energy storage (ES) technologies are one way to address these challenges. Energy storage has only recently emerged as a policy priority for the Chinese government. China’s design of financial incentives to support energy storage is still in the early stages.

Does China have a future in energy storage?

China entered the storage industry late, but it has progressively made energy storage a much larger focus. The patent analysis shows that the level of Chinese innovation in energy storage mechanisms is growing, but research in the sector is less important than in countries such as the United States and Japan.