Abstract
With the challenges posed by the intermittent nature of renewable energy, energy storage technology is the key to effectively utilize renewable energy. China’s energy storage industry has experienced rapid growth in recent years. In order to reveal how China develops the energy storage industry, this study explores the promotion of energy storage from the perspective of policy support and public acceptance. Accordingly, by tracing the evolution of the energy storage policies during 2010–2020 comprehensively, a better understanding of the policy intention and implementation can be obtained. Meanwhile, this paper collects the information of Weibo users and posts related to energy storage by web crawler technology. The status of public attention and sentiment orientation toward energy storage are investigated with a text mining method. The main results are as follows. 1) The evolution of energy storage is characterized by three stages: the foundation stage, the nurturing stage, and the commercialization stage. 2) Most people have a positive attitude towards energy storage and recognize the potential of the energy storage industry, and it is discovered that the public attitudes towards energy storage exist cognitive bias. 3) More policies concerning market mechanism, R&D, and subsidies should be introduced to enhance the effect of energy storage policies and increase public recognition. These findings help to understand the energy storage policy and provide better strategies for policymaking.
Highlights
With continued growth in economic development and energy demand in the past decade, environmental deterioration and the energy crisis are becoming more prominent around the world (Zhang and Qin, 2018)
2) Most people have a positive attitude towards energy storage and recognize the potential of the energy storage industry, and it is discovered that the public attitudes towards energy storage exist cognitive bias
To reveal how China develops the energy storage industry, the promotion of energy storage is examined from the perspectives of policy support and public acceptance
Summary
With continued growth in economic development and energy demand in the past decade, environmental deterioration and the energy crisis are becoming more prominent around the world (Zhang and Qin, 2018). The economic growth in China depends largely on coal power, which brings serious air pollution (Li and Li, 2011; Shang et al, 2018; Zafar et al, 2021). Solid fuels consumption such as coal will increase the concentration of PM2.5 in the air. The development of energy storage in China can help increase the proportion of renewable energy in the energy structure to build a low-carbon sustainable energy system
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