The energy storage industry is in a critical period of transformation. Experts suggest strengthening research and development to enhance competitiveness.

CICC Managing Director Wu Xia said at the 2023 Zhongguancun Forum "double carbon Strategy and Green Finance Forum" that the energy storage industry will become one of the most active tracks in the next few years, which can be described as "long slope and thick snow". With the continuous standardization of the industry, the whole industry will gradually develop from the primary stage of commercialization to the direction of scale, and is now in a critical period of transformation. "while the enterprises in the energy storage industry are developing rapidly, they are also faced with problems such as technological breakthroughs and cost economy." The interviewed experts all said that on the one hand, enterprises are required to continuously carry out technological innovation, research and development and upgrading, speed up the transformation of scientific and technological achievements, and break through relevant technological bottlenecks; on the other hand, industries and enterprises are required to demonstrate, constantly reduce costs, choose the best technological route, and achieve industrialization with the highest performance-to-price ratio. (Securities Daily)