The government''s incentive funds, including policy publicity and fiscal subsidies designed to encourage investment and industrial growth among energy storage operators, are insufficient compared to the national fiscal subsidies granted to the energy storage industry. Specifically, the subsidy coefficient S 1 <a D.
Furthermore, while the Chinese government has introduced new energy storage policies and corresponding subsidies to promote renewable energy consumption, few scholars have considered the economic effects of energy storage subsidies on “new energy + storage” projects.
The stability analysis of each equilibrium point across the four scenarios is presented in Supplementary Information Table B.4.1. Government subsidy levels both influence and are influenced by energy storage operators'' engagement and power system transformation.
The results indicate that, while the current energy storage subsidy policies positively stimulate photovoltaic energy storage integration projects, they exhibit a limited capacity to cover energy storage investment costs, thereby failing to incentivize capital market participation in the construction of such projects.
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In summary, the subsidies available for energy storage power stations significantly contribute to the advancement of this vital technology. Financial incentives like direct funding, …
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