Evaluating energy storage tech revenue potential
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests
While energy storage is already being deployed to support grids across major power markets, new McKinsey analysis suggests investors often underestimate the value of energy storage in their business cases.
Based on the "smiling curve" theory, we evaluate the value-added capacity of energy storage industry. Using the Principal Component Analysis method, we excavate the driving factors that affect value-added capabilities. Adopting the three-stage DEA-Malmquist index methods to analyze the efficiency differences of each link of the value chain.
The government should implement continuous, stable and consistent macro policies to promote the reform of the power market, accelerate the effective connection of energy storage participation in the power market, enhance the economy of energy storage allocation, and fundamentally improve the initiative of energy storage application.
Therefore, the value-added efficiency of the energy storage industry is measured according to the input indicators, output indicators and external environment indicators that affect the value-added capacity in the above.
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