SMM

After the release of the new policy, new energy power generation has fully entered the market, and electricity prices have been marketized, leading to increased economic uncertainty for new energy projects. Investors in new energy projects may utilize ESS integration to participate in the flexibility market adjustment to smooth investment returns, indirectly ensuring ESS demand. After the mandatory ESS integration policy is canceled, the business model of energy storage may change, with PV consumption, ancillary service markets, and peak-valley arbitrage potentially becoming the main revenue sources for energy storage.