EnergyTrend Energy Storage has learned that the energy storage market is showing a hot trend due to the recent outbreak of large overseas energy storage orders. In addition, according to the data of Financial Associated Press Venture Capital, in May this year, the energy storage track ranked in the forefront of the carbon neutral financing track with a total financing of about 2.84 billion yuan, including many enterprises focusing on overseas energy storage market.
Figure: Recent overseas orders
for energy storage As a flexible resource, new energy storage is an important technical means to support large-scale grid-connected new energy. In recent years, the United States, Britain, Australia and other developed countries have issued a series of policies and regulations to promote the development of energy storage in the process of promoting low-carbon energy transformation, which has effectively promoted the development of energy storage industry.
At present, from a global perspective, the progress of energy transformation in the world is different, and the development of energy storage is also different. Among them, the pace of new energy development in Europe, the United States and other regions is faster, and the United States is in the lead in energy storage development. EnergyTrend has sorted out the recent changes in overseas energy storage policies and related subsidies.
In order to promote the promotion of clean energy, the Environmental Audit Committee (EAC) of the United Kingdom recently conducted an investigation into the possibility of technological progress in solar energy installations. During the investigation, the EAC sent a letter to Grant Shapps, Minister of Energy Security and Net Zero Emissions, calling for the removal of the value-added tax of battery energy storage systems, and stressed the importance of removing the value-added tax of energy storage devices, whether installed with new solar energy systems or added to existing rooftop installations.
The UK's Environmental Audit Commission has called for the removal of value-added tax to unlock the full potential of home solar power, and the UK government has announced plans to consult on the removal of value-added tax regulations for energy-efficient systems, a move aimed at encouraging more homeowners to use solar power to power their homes. In addition, the committee expressed concern about increasing solar power access to the national grid.
According to foreign media reports, the Spanish government recently plans to provide 160 million euros ( $170 million) for energy storage projects deployed in the country, aiming to provide funds for 600MW energy storage projects connected to the grid in 2026. Spain's Ministry of Ecological Transition and Demographic Challenges (MITECO) launched a public consultation on the funding scheme on June 6 and is currently seeking views on the proposal.
Depending on the size of the application, the cost of the grant will cover 40 to 65% of the cost of the project. Energy storage projects that qualify for an application will be judged on factors such as economic viability, the ability to help renewable energy connect to the grid, and the creation of local jobs and business opportunities during development and operation. In addition, the Spanish government has previously set a target of deploying 20 GW energy storage systems by 2030.
According to foreign media reports, the Minnesota Senate recently passed an incentive plan with a total amount of $80 million. To incentivize developers to develop and deploy solar power generation facilities, energy storage systems, microgrids, and grid resiliency facilities in the state.
The bill includes $7 million for the state's first incentive program to deploy energy storage systems and $250,000 for research projects to study how energy storage systems can help the state decarbonize 100%. The Minnesota Solar Energy Industry Association (MnSEIA) said the comprehensive bill on environment, natural resources, climate and energy finance and policy would be submitted to Governor Tim Walz for signature into law.
At present, China's new energy storage has also made positive progress in the construction of demonstration projects, business model exploration and policy system construction, and the scale of market application has steadily expanded. The exploration of supporting energy storage development policies in the United States, Britain, Australia and other countries has certain reference significance for China to promote the development of energy storage scientifically and steadily.
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