Industrial Bank

At a Glance

Industry

Financial Services and Insurance

Project Type

Financial Evaluation and Planning

Year

2022

Location

Beijing

Summary

Fang Tao laid the research foundation for green finance-sponsored energy storage in terms of its diversified pattern, the cost-benefit and current status of financial support.

Goals

Energy storage has seen a boom in development in the past two years, but the support of green finance for energy storage is insufficient. The Green Finance Team of Industrial Bank intends to provide direction and recommendations on the development of green finance in the field of energy storage for financial institutions by studying the current status of the energy storage industry and the development of green finance in the field of energy storage.

Solutions

Fang Tao carried out her research in three parts:

  • Studied the current status of the diversified pattern of energy storage, and examined the future development potential and key directions of energy storage;
  • Studied the cost-benefit status of energy storage entities, and explored the profit space and economy of energy storage;

  • Studied the policies/standards, financial products, and cases of green finance-sponsored energy storage, providing a reference for financial institutions to expand their green finance business. 

Potential Impact

Fang Tao understood the current status and future trends of energy storage development, provided a reference for making investment and financing decisions, and put forward suggestions on the development of green finance in the field of energy storage for financial institutions to address the financial constraints of energy storage development, expedite the construction of smart grids and new power systems, and accelerate the achievement of the carbon peaking and carbon neutrality goals.


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