Summary of Energy Storage Electric Promotion Work EPC

Is EPC a cost effective way to reduce energy use?

EPc is widely considered a cost effective means for reducing the energy and co2 intensity of buildings, considered responsible for 40% of global energy use and co2 emissions.

What is the cumulative installed capacity of energy storage projects?

The cumulative installed capacity of new energy storage projects is 21.1GW/44.6GWh, and the power and energy scale have increased by more than 225% year-on-year. Figure 1: Cumulative installed capacity (MW%) of electric energy storage projects commissioned in China (as of the end of June 2023)

What are EPC costs?

EPC encompass the remaining costs for a turnkey project. The main cost segments are installation, project management, engineering, shipping, and commissioning. Variations in EPC costs may arise from specific site conditions or project requirements.

What is the lifecycle cost of an ESS?

The lifecycle cost of an ESS are divided into four main categories: Upfront Owners Costs; Turnkey Installation Costs (energy storage system, grid integration equipment, and EPC); Operations and Maintenance Costs; and Decommissioning Costs . The table here further segments costs into subcategories and shows items included in this study.

What percentage of energy storage is pumped?

Pumped hydro accounted for less than 70% for the first time, and the cumulative installed capacity of new energy storage（i.e. non-pumped hydro ES） exceeded 20GW.

What does EPC stand for?

there is no one commonly accepted definition for EPc. annex i provides a non exhaustive list of some of the definitions of “EPc,” “energy service company” (or “Esco”), and related terms, illustrating how definitions can vary considerably from one organization to the next.