Photovoltaic power generation and energy storage have become the trend of future industry development. Why is photovoltaic energy storage the future trend? Because green electricity will gradually replace oil and gas as our main energy source in the future, especially in China. With the goal of carbon neutrality and carbon peaking set by relevant departments, relevant industrial policies have been gradually introduced, such as the release of China's 14th Five Year Plan in March 2021, It clearly guides the emphasis on investing in the construction of green power assets and building a modern energy system. Moreover, the continuous positive news in the photovoltaic energy storage industry indicates that the mainstream position of high carbon energy will gradually be replaced by clean energy. So, photovoltaic energy storage is the trend of future development.

From the photovoltaic energy storage data, we can also see that the cost of green electricity has been continuously decreasing, especially since 2020. The cost of wind power on land in China has decreased from 0.41 yuan/kWh in 2012 to 0.23 yuan/kWh in 2020. The cost of kilowatt hour (kWh) of commercial side photovoltaics has decreased from 0.93 yuan/kWh in 2012 to 0.41 yuan/kWh in 2020. The kilowatt hour cost of user side photovoltaics has decreased from 1.04 yuan/kWh in 2012 to 0.43 yuan/kWh in 2020. The cost per kilowatt hour of onshore wind and photovoltaic power generation has approached the benchmark coal-fired electricity price level, making the large-scale application of green power gradually economically feasible. This has laid a solid foundation for the development of photovoltaic energy storage.

And energy storage has become a key factor in green power generation, so the chemical energy storage field represented by lithium batteries has become an important sunrise industry in the national economy. Investing and choosing the photovoltaic energy storage industry is the trend, and we will wait and see.