Does the energy storage power supply factory consume a lot of electricity

How does electricity consumption affect power generation capacity?

The electricity consumption of PSEH is the highest in the six energy-intensive manufacturing industries, so its electricity consumption fluctuations have a direct effect on power generation capacity. This indicates that the solution of power generation overcapacity should also start from the power sector itself.

How much power is needed to run a factory?

The power needed to run a factory largely depends on the type of manufacturing processes involved. For instance, industries that require a lot of heat, such as cement making, aluminium smelting, and steel production, are significant consumers of electricity.

How does energy consumption affect thermal power capacity?

The same is true for other explanatory variables. Highly consistent with the above results, the electricity consumption of the six energy-intensive manufacturing industries determines the thermal power capacity by a one-to-one elastic coefficient, which is an engine for promoting thermal power investment.

Does electricity consumption affect installed capacity?

Consequently, the effect of electricity consumption on the growth of installed capacity in the six energy-intensive manufacturing subsectors also presents obvious heterogeneity among sub-industries. In comparison, the elasticity coefficient of PSEH industry is the highest, while that of Petroleum industry is the lowest.