What are the policy supports for industrial energy storage?

　　Governments around the world have introduced a series of policy support measures to promote the application and development of industrial energy storage technology. The following are the main types of policy support:

　　1. Financial subsidies: The government provides financial subsidies to reduce the cost of purchasing and installing energy storage systems for enterprises. For example, the Federal Investment Tax Credit (ITC) policy in the United States allows companies to offset some of the investment costs of energy storage systems.

　　2. Tax incentives: Encourage enterprises to invest in energy storage technology by reducing or exempting taxes. For example, some European countries exempt energy storage equipment from value-added tax or provide tax relief policies.

　　3. Electricity price incentive: The government formulates peak and valley electricity price policies to incentivize enterprises to use energy storage systems for peak shaving and valley filling, thereby reducing electricity costs. For example, China's time of use electricity pricing policy encourages companies to store energy during off peak periods and use it during peak periods.

　　4. R&D support: Government funding for energy storage technology research and development projects to promote technological innovation and industrial application. For example, the EU's Horizon 2020 program supports research and development of various energy storage technologies.

　　5. Market mechanism: By establishing a trading mechanism for energy storage markets, encourage the commercial operation of energy storage systems. For example, the energy storage market in Australia allows energy storage systems to participate in buying and selling transactions in the electricity market.

　　6. Policy guidance: The government guides and supports the development of the energy storage industry by issuing relevant policy documents and plans. For example, China's "Guiding Opinions on the Development of Energy Storage Industry" clarify the development direction and key tasks of the energy storage industry.

　　Through these policy support measures, the government actively promotes the application and development of industrial energy storage technology, promotes the optimization of energy structure, and improves energy utilization efficiency.

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