As the Henan Provincial Development and Reform Commission officially issued the “Several Measures to Promote the High-quality Development of New Energy Storage in Henan Province” (hereinafter referred to as the “Several Measures”) on March 24, 2026, a profound change in the way energy is used The Central Plains is staged. For manufacturing enterprises in Jiaozuo and even the whole province, this is not only a response to the call of the national “double carbon” strategy, but also an excellent opportunity to transform from “large energy users” to “energy operators.
In the past, many companies had concerns about the construction of energy storage power stations, mainly due to the long return on investment cycle and a single profit model. However, the introduction of a number of measures has completely changed this situation. The document clearly states that the province’s new energy storage installed capacity will strive to reach 23GW by 2030, with special emphasis on the status of “independent energy storage.
For manufacturing enterprises, the biggest advantage of building independent energy storage is the “loosening” of identity and the “reshaping” of value “. According to the New Deal, the independent energy storage power station is no longer a simple supporting facility, but has become an independent trading subject in the power market. This means that the energy storage power station built by the enterprise can not only serve its own production line, but also directly participate in the dispatch and transaction of the power grid like a power plant, and convert the originally sunk power cost into a steady stream of cash flow.
earnings decoding: multiple mechanisms superposition, profit path clear
then, enterprises to establish independent energy storage specific ways to bring benefits? The “Several Measures” constructs a multi-profit model of “spot arbitrage + capacity compensation + ancillary services”:
1. Spot market spread arbitrage: this is the most direct source of income. The New Deal makes it clear that the charge and discharge prices of independent energy storage power stations are settled in accordance with the spot market prices and rules of our province. Enterprises can use the strategy of “low charge and high discharge” to charge during the low price period at night and discharge to the grid or its own load during the peak price period during the day. More importantly, the policy stipulates that “when sending electricity to the grid, its corresponding charging power does not bear the transmission and distribution price and government funds and additional”, this measure directly reduces the cost of charging, significantly expanding the arbitrage space.
2. Capacity tariff compensation: In order to give investors “reassurance”, Henan has established a capacity tariff mechanism. As long as the energy storage power station has the ability to adjust and stand by at any time, the power grid will give reasonable economic compensation according to the rated power and effective capacity of the project. This income is equivalent to a “guaranteed salary”, which greatly reduces the investment risk of the project.
3. Auxiliary service market benefits: When the grid frequency fluctuates or backup power is needed, the energy storage power station can respond in milliseconds. By participating in the FM, black start, backup and other ancillary services market, enterprises can also obtain additional service costs.
4. Reduce their own energy costs: for high energy-consuming chemical, steel, manufacturing enterprises, the configuration of energy storage can reduce the basic electricity costs, through the peak to fill the valley to reduce the overall cost of electricity, while improving the reliability of power supply, to ensure the continuity of production.
20MWh case calculation:
in order to show its economic benefits more intuitively, we take a 20MWh (assuming a power of 10MW and a duration of 2 hours) independent energy storage power station to be built by a medium-sized manufacturing enterprise in Jiaozuo as an example to make a rough income analysis.
assuming that the power station carries out a complete charge and discharge cycle every day, and the annual operation days are calculated as 350 days:
spot arbitrage income: referring to the operation data of Henan electric power spot market, assuming the annual average peak-valley price difference is 0.35 yuan/kWh (net income after deducting charge and discharge losses and free transmission and distribution prices).
daily discharge: 10MW × 2h × 85% (system efficiency) = 17MWh = 17,000kWh
annual arbitrage income: 17,000kWh × 0.35 yuan/kWh × 350 days ≈ 2.0825 million yuan
capacity compensation income: according to Henan province coal power capacity electricity price standard and energy storage effective capacity conversion ratio (conservative estimation), it is assumed that a capacity compensation of about 100 yuan/kW can be obtained every year.
annual capacity income: 10,000kW × 100 yuan/kW = 1 million yuan
ancillary services and others: participating in FM or standby market, conservatively estimated annual income is about 300000 yuan.
Comprehensive estimation: under the policy environment of 2026, the annual comprehensive income of the 20MWh independent energy storage power station is conservatively estimated to be about 3.38 million yuan. With the further maturity of the power market mechanism and the widening of peak-valley price differences, this number is expected to continue to grow.
“Several Measures to Promote the High-Quality Development of New Energy Storage in Henan Province” For manufacturing enterprises, the layout of independent energy storage is not only a good “economic account”, but also a good “future account”. In the wave of energy transformation, whoever can take the lead in mastering the “new quality productivity” of energy storage will be in an invincible position in the future market competition.
