Analysis of various types of new energy storage revenue models in China

Abstract

In the current environment of China's vigorous development of energy storage, it is essential to carry out research on the benefits and economic evaluation of new energy storage. This paper establishes a framework for analyzing the revenue models of various types of energy storage under different scenarios. The framework complements the lack of previous studies on energy storage regulation under power generation systems such as wind power and coal power. In addition, a variety of scenarios were developed for the application of energy storage in the spot market, secondary service market, capacity market and user-side trading market. The results show that the case study energy storage plant has the highest revenue in the spot market, followed by the capacity market, and relatively low revenue in the secondary service market, while the leasing service can also bring a lot of revenue for the energy storage plant and thus become one of the more promising energy storage revenue models in the future.