Electrochemical energy storage, represented by lithium batteries, has a history of more than ten years in China. Throughout the development history of various industries, there will be fierce competition regardless of the wind, and energy storage is also like this. In the ups and downs of development, a large number of practitioners and leading enterprises have pushed energy storage from demonstration to commercialization, but there are also some enterprises that can only reluctantly leave.

During this decade of development, due to issues such as cost and application scenarios, the development of energy storage has experienced ups and downs, full of ups and downs. So in the impression of most people, energy storage has always been a lukewarm industry. Until this year, the reliability of overseas power supply was insufficient due to extreme weather conditions, and policy support such as tax exemptions was gradually implemented. As a result, the demand for energy storage in the market showed explosive growth, and the industry's growth rate suddenly entered the fast lane.

In the context of strong market demand, the future development of the energy storage industry mainly relies on the healthy operation of downstream application scenarios. At present, the downstream demand for energy storage mainly comes from three aspects: firstly, on the power generation side, it is used for frequency regulation, reducing wind and light rejection rates, and assisting dynamic operation; The second is the power grid side, which provides auxiliary services such as frequency regulation, peak shaving, automatic load control, and black start to alleviate power grid congestion; The third is the user side, used for self generation storage, peak valley arbitrage, backup power supply, etc.