
To reduce greenhouse gas emissions and the environmental impact of fossil fuels, China has become the world's largest country in electricity production from renewable energy. The intermittent nature of renewabl. . ••CAES is a promising solution to better utilize renewable energy in. . China has surpassed U.S. and become the world's largest energy consumer since 2010, according to the International Energy Agency (IEA) [1]. With increasing attention to environmental. . 2.1. General concept of CAESCompressed air energy storage is derived from gas turbine technology, and the concept of using compressed air to store electric energy d. . 3.1. Energy storage demand from renewable energyRenewable power generation in China has rapidly developed in recent years. Fig. 4 presents the rapi. . Through years of efforts by researchers around the world, the efficiency of the CAES system has reached a relatively high level. The system efficiency of adiabatic CAES can reach. [pdf]
Under the direction of the national “Guiding Opinions on Promoting Energy Storage Technology and Industry Development” policy, the development of energy storage in China over the past five years has entered the fast track.
Among them, Pumped Hydro Energy Storage (PHES) accounted for the largest proportion of the total installed capacity of energy storage in China, close to 99%, followed by electrochemical energy storage that is being rapidly developed in recent years.
Even though several reviews of energy storage technologies have been published, there are still some gaps that need to be filled, including: a) the development of energy storage in China; b) role of energy storage in different application scenarios of the power system; c) analysis and discussion on the business model of energy storage in China.
It also introduces the application scenarios of energy storage on the power generation side, transmission and distribution side, user side and microgrid of the power system in detail. Section 3 introduces six business models of energy storage in China and analyzes their practical applications.
Second, there is still a lack of effective market mechanisms in energy storage industry. At present, the application of energy storage in China is mainly distributed power generation and grid connection of micro-grid and renewable energy. There were few applications of power transmission and distribution and auxiliary services.
While it is true that the development of China's energy storage industry has moved from a technical verification stage to a new stage of early commercialization, the industry still faces many challenges which hinder development, and true "industrialization" has not yet materialized.

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