With the rapid development of the new energy vehicle industry, the energy storage industry is also receiving policy support.

The National Development and Reform Commission, China's top economic planner, recently issued guidance to promote the development of the energy storage industry, stating that the goal is to achieve a shift from the early stages of commercialization to the scale of development of new energy storage by 2025.

The country hopes to see a significant increase in the innovation capacity of new energy storage technologies and significant progress in high safety, low cost, high reliability and long-life products, according to the document.

China will promote the continued cost reduction and commercial-scale application of relatively mature new energy storage technologies such as lithium-ion batteries, according to the paper.

The country will carry out large-scale experimental demonstrations around technologies such as sodium-ion batteries, and explore research and demonstration applications of hydrogen storage, thermal storage, and other innovative energy storage technologies.

By 2025, China's energy storage industry standard system will be basically perfected, the market environment and business model will be basically mature, and the installed capacity will reach more than 30 million kilowatts, according to the document.

China will improve the policy mechanism, create a healthy market environment, improve the new energy storage price mechanism and improve the "new energy + energy storage" project incentive mechanism.

China will regulate the industry management and improve the construction and operation level. It will improve the construction and operation requirements of energy storage, clarify the process of filing and grid connection of energy storage and improve the technical standards and management system of energy storage.

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