On the afternoon of November 5, during the sub-forum titled "Driving the Global Energy Transition via High-Quality Development of New Energy Storage" at the 8th Hongqiao International Economic Forum, Meng Qingqiang, Chief Engineer of State Grid, pointed out that the development of new energy storage is confronted with challenges, and its application value has yet to be fully harnessed. Currently, independent energy storage systems are primarily involved in the day-ahead spot market, which restricts their ability to engage in real-time market resource allocation. The auxiliary service market suffers from a limited variety of offerings and inadequate compensation mechanisms, making it challenging to accurately reflect the multifaceted values of energy storage. Furthermore, the nation has not yet established a compensation framework for the capacity of new energy storage, leaving energy storage providers without a reliable, long-term market-driven revenue stream. Additionally, there is a scarcity of actionable policy documents aimed at integrating the cost-benefit analysis of grid-alternative energy storage into transmission and distribution pricing structures.