Policy implications Strategic alignment and incentive mechanisms for energy storage development. The findings emphasize the crucial role of government subsidies in steering the energy storage sector toward a dynamic equilibrium, where active government support, operator engagement, and grid modernization converge effectively.
Additionally, the energy storage capacity subsidy is a one-time payment of 200 CNY/kW, while there are ongoing subsidies for charging and discharging (0.5 CNY/kWh) and for peak-valley arbitrage (0.7 CNY/kWh). The energy storage system is assumed to operate for 300 days annually, with two charge-discharge cycles per day.
The stability analysis of each equilibrium point across the four scenarios is presented in Supplementary Information Table B.4.1. Government subsidy levels both influence and are influenced by energy storage operators'' engagement and power system transformation.
The energy storage industry in Chongqing, China, is governed by a comprehensive set of subsidy policies. As such, relevant data from this region more accurately reflect the impact of governmental subsidies on this sector.
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