Reshaping storage revenue in Shandong

China’s pioneering electricity spot market offers a case study on what market liberalization might mean for the country’s energy storage revenues. Storage mandates are out and markets are in. With the additional support of a new capacity mechanism, Yujia Han examines what it might mean for standalone battery energy storage system (BESS) revenues.

Issue 05-2026 Issue 2026
Batteries in white containers, with solar panels in the background.

A shift in China’s energy policy has dramatically changed the revenue model for battery storage, opening up revenue opportunities from capacity payments, arbitrage, and ancillary services.

Image: JinkoSolar

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