What should be the focus of EMS in 2024?

Date:

2024-03-13 17:21

In 2023, the addition of installed capacity hit a new high, reaching the target of 30 million kilowatts two years ahead of schedule, achieving a doubling of growth for three consecutive years. The booming prosperity of the new energy storage market has attracted numerous enterprises to rush into the track for gold. In just one year, more than 70,000 new energy storage companies were established nationwide!
 
However, the rapid influx of a large number of enterprises has led to industry "overturning," and price wars have intensified. Especially when the return on investment in energy storage is controversial, EMS has become a key focus for many enterprises to break the deadlock.
 
EMS Dilemma: Extreme "Price War" and "Safety Barriers"
 
Looking back at 2023, many energy storage companies chose to lose money in order to gain fame, attempting to gain a foothold through a low-price strategy. In the fiercely competitive energy storage market, companies with mixed quality products abound. In particular, the excessive pursuit of low prices can lead to the sacrifice of safety protection and other performance configurations, laying down significant safety hazards.
 
The key to winning in the energy storage product market lies in system-level capabilities, rather than just emphasizing the parameters and prices of individual equipment. Especially with the rapid growth of the global energy storage installed capacity, trends such as the continuous increase in the proportion of renewable energy sources, the shift of energy storage single station scale towards the GWh level, and the multi-scenario application of energy storage are emerging. Faced with these trends, EMS, as the "brain" of energy storage power stations, faces many challenges such as difficult comprehensive monitoring, lagging safety warnings, and complex dispatching scenarios, all of which pose higher demands on EMS.
 
High-performance EMS Boosts High-economic Applications
 
In the past, energy storage companies faced the problem of having systems in place but not utilized, or even the phenomenon of "bad money driving out good money," due to unclear mechanisms and profit models in the energy storage market. With the introduction of energy storage-related policies by the state and local governments, when energy storage is truly put to use, the level of profitability will be evident. Among them, the "intelligence" level of EMS will become a key factor affecting profitability.
 
The development of EMS energy management systems has gone through several stages, from the initial monitoring stage to the gradual emergence of simple control requirements. With the development of AI technology, EMS now also needs to combine AI technology to achieve more efficient and intelligent strategic control. This control strategy not only affects the decay rate and cycle life of batteries within the system but also determines the economic viability of energy storage.
 
Current policies related to the connection of the electricity spot market and ancillary services market are being actively promoted, and energy storage will play a more significant role in the electricity market in the future. Especially under the current time-of-use electricity price mechanism, the core demand for reducing electricity costs by utilizing peak-to-valley electricity price differentials is continuously driving the improvement of energy storage economics.
 
Facing a more "crowded" energy storage industry, good products need to balance economic viability and safety, continuously enhancing product innovation capabilities!

energy storage system,energy management systems,energy storage industry