The importance of long-term energy storage in new energy absorption systems is gradually being recognized by the market. In fact, the content of the previous support policies for long-term energy storage was mostly general. However, recently, the role of long-term energy storage has undergone a fundamental change! The road to commercialization may be opened.

In July of this year, Shandong Province took the lead in issuing the "Several Measures for Supporting the Pilot Application of Long-term Energy Storage", becoming the first special policy in China to support the development of long-term energy storage applications.

The policy clearly supports the priority access of long-term energy storage projects including compressed air and liquid flow batteries to the grid, supports participation in the power spot market, increases capacity compensation efforts, and increases capacity leasing ratios. Shandong Province has issued a long-term energy storage special policy.