At present and for some time in the future, it is foreseeable that the application of electrochemical energy storage technology represented by lithium iron phosphate batteries in 5G base station backup power supplies and renewable energy grid-connected applications will develop at an increasingly rapid rate.

　　The combination of energy storage and renewable energy is an important guarantee for us to achieve net zero carbon emissions. Among them, individual users are a subdivision track of the energy storage market, because some countries and regions with high electricity prices, peak-valley differences, and a high degree of electricity marketization have better demand for decentralized individual user energy storage.

　　Here, we directly quote the "Europe 2030 Battery Technology Roadmap" and Bloomberg's research on the scale of energy storage.

　　The "Europe 2030 Battery Technology Roadmap" estimates that by 2030, the global annual installed capacity of energy storage batteries will exceed 200GWh.

　　Bloomberg estimates that by 2050, the cumulative installed capacity of global energy storage will reach more than 1,600 GW (no net zero is assumed, and this estimate can in fact be pushed up).

　　Lithium-ion battery (LIB) has become the main energy storage solution in modern social life. Among them, lithium iron phosphate batteries are a perfect replacement for lead-acid batteries, and they are the first choice for grid-connected peak shaving, off-grid energy storage, photovoltaic energy storage, UPS, data center and other industries.

　　No matter what type of energy storage system, it will be promoted in the near future, but the lithium battery energy storage system is more comprehensive.