company news about What is Energy storage

Energy storage refers to the technology of storing and utilizing energy through specific devices or media. The rise of the energy storage industry is closely related to the development of electricity. In the power system, power generation, transmission and distribution, and consumption need to maintain a real-time balance state. The emergence of energy storage technology has profoundly changed the way electricity is produced and consumed. For example, we can simply understand energy storage as a large battery that can temporarily store electricity and supply it when consumers need it. In order to address the challenge of climate change, wind power and photovoltaics will become the main sources of power generation in the new energy systems of countries around the world in the future. However, due to meteorological factors such as temperature, air pressure, and wind power, the output of wind and photovoltaic power is greatly unstable. Under the "dual carbon" goal, China's wind and photovoltaic technologies have made rapid progress, and the installed capacity has been continuously expanding. From a cost perspective, the cost of wind and photovoltaic power generation has further decreased, and the economic efficiency of power generation has significantly improved. Given the reality of large-scale grid integration of renewable energy, energy storage can greatly improve the reliability of wind and photovoltaic power generation. Therefore, energy storage will become an important component of new energy systems. From the perspective of more diverse application scenarios, energy storage technology is not only a key technology to solve the fluctuations caused by large-scale access of wind power and photovoltaic to the power grid, but also a necessary technical basis for the development of emerging models such as distributed energy and energy internet. The energy storage industry has become an important strategic emerging industry for countries around the world to achieve clean energy transformation