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.
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.
In summary, from the perspective of photovoltaic storage and energy storage-related subsidy policies, energy storage subsidies constitute an important source of revenue for PV-ES integration projects.
In the context of China’s new power system, various regions have implemented policies mandating the integration of new energy sources with energy storage, while also introducing subsidies to alleviate project cost pressures. Currently, there is a lack of subsidy analysis for photovoltaic energy storage integration projects.
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