Beyond the industrial sector, reforming the power market, particularly the green power market, and Within the industrial sector, new technologies optimizing engagement mechanisms will help to such as distributed renewable energy in the form of ensure the scale-up of green power procurement. [...] As of the end of industrial energy storage upgrades: first, guiding 2022, it had commissioned 8.7GW of new energy the development of industrial energy storage and storage.9 In 2022, front-of-the-meter energy storage spurring business innovation; second, building (energy storage installed on the power supply side systems for spot trading, ancillary services and and grid side) accounted for 93% of n. [...] While scaling up installations, nationwide above the average on-grid electricity price of coordination can guide the robust development RMB 0.35/kWh.12 Decision-makers must engage of industrial energy storage in terms of the overall stakeholders in reducing costs and increasing the planning and layout and can lower the risk of efficiency of industrial and even general energy inefficient, overlappi. [...] Interprovincal and regional collaboration services provided by energy storage systems can policies will broaden both participation in the demonstrate their flexibility and the excellence energy storage market and the range of income of the diversified services on offer, as well as sources for the energy storage market. [...] Coordinating the advancement of green power Improving the mechanism linking the green and GEC trading to comprehensively enhance power, carbon and GEC markets: The green the level of green power consumption: Currently power market needs to enhance the mechanism industrial businesses can participate in the market for connecting with various markets.
- Pages
- 20
- Published in
- Switzerland
Table of Contents
- Clean Power for Industry in China 1
- Contents 2
- Foreword 3
- Executive summary 4
- Ten policy options for consideration are presented to advance clean power deployment in Chinas industrial sector. 4
- Introduction 5
- Chinas two-step transition to a green economy must prioritize the consumption of clean energy by industry. 5
- Upgrading industrial energy storage 7
- Encouraging business innovation and improving the power market framework for storage integration are key to advancing the high-quality sustainable development of industrial energy storage. 7
- Guiding the development of business innovation in energy storage 7
- Improving the integration of energy storage in the power market 9
- Scaling up green power consumption 11
- Incentives to procure off-site green power could be created by optimizing market design unifying nationwide trading and promoting power purchase agreements. 11
- Optimizing top-level design for the green power market 11
- Facilitating green power trading throughout Chinas provinces and regions 12
- Encouraging long-term green power procurement 12
- Conclusion 14
- Transitioning to cleaner energy is crucial if China is to meet its net-zero target for the industrial sector. 14
- Contributors 15
- Acknowledgements 16
- Endnotes 18