New Energy Storage Business Models and Revenue Levels Based on Simulation Calculation

[Introduction] Under the "dual carbon" goal, energy storage has become an important participant in regulating the electricity market and a key link in building a new type of power system. Under the current energy storage market conditions in China, analyzing the application scenarios, business models, and economic benefits of energy storage is conductive to provide a fundamental basis for the future large-scale development and commercial operation of new energy storage. [Method] The paper studied the application scenarios of energy storage on the power generation side, grid side, and user side, analyzed the economic benefits and income sources of various types including power generation side, independent shared energy storage, etc., summarized the problems in the initial development of energy storage, and proposed relevant suggestions. [Result] Currently, the cost per kilowatt-hour for novel electrochemical energy storage in China is relatively high, leading to low overall economic benefits. Investment entities find it difficult to achieve profitability, and there are limited business models available. [Conclusion] In the future, China should establish diverse revenue sources for new energy storage, support various market entities in investing in, constructing, and operating shared energy storage facilities, and innovate market profit models for the development of new energy storage.