With the continuous improvement of policies and rules, the economy of new energy storage products is expected to improve, the business model is more mature, and the operation level of energy storage power stations will continue to improve. In 2023, new energy storage has achieved rapid development in both project promotion and technological innovation. According to the incomplete statistics of Energy Storage Committee of China Energy Research Association /CNESA Global Energy Storage Database, in 2023, the installed capacity of new energy storage in China was 2 1.5 GW/46.6 GW, which exceeded 20 GW for the first time, three times the level in 2022, and the scale of electric energy increased by over 150% year-on-year. Put into production 100 MW project 100, with a year-on-year increase of 370%; The application of non-lithium energy storage technology has gradually broken through, and a variety of long-term energy storage projects have been included in the list of provincial demonstration projects. The average bid price of energy storage system continued to decline. Taking lithium batteries as an example, due to the decline in the price of upstream raw materials and intensified competition, the price of lithium batteries fell to 0.79 yuan/watt-hour in June 2023, which was nearly half of that at the beginning of the year, and there were quotations lower than 0.6 yuan/watt-hour. The number and types of market participants have made breakthroughs. In 2024, the new energy storage market will continue to develop at a high speed. It is estimated that the newly installed capacity will exceed 35 GW in the whole year, and it is estimated that the newly installed capacity will exceed the cumulative installed capacity for three consecutive years. With the rapid development of domestic energy storage technology, the cost has been further reduced, and enterprises have accelerated the layout of going to sea, but they are facing the challenges of trade barriers and international standards.