Core Viewpoint - The article highlights the significant growth in the commercial energy storage sector, with multiple companies winning bids for various projects, indicating a robust market demand and competitive landscape [2][9]. Group 1: Project Bids and Winners - Three companies have recently announced winning bids for commercial energy storage projects, contributing to a total of 95 user-side energy storage projects with a combined capacity of approximately 1.853GW and 5.558GWh from January to July 2025 [2][9]. - Qidian Energy won a bid for a photovoltaic energy storage system in Jiangxi, with a contract value of 1.898 million yuan [3]. - Envision Energy signed a contract for a 80MW/240MWh energy storage project with Jiyuan Steel, which aims to reduce energy costs and enhance revenue from the electricity market [5]. Group 2: Market Statistics - The total scale of the 95 user-side energy storage projects exceeds last year's figures, which were 1.308GW and 3.498GWh, showing a year-on-year increase [9]. - The average bid price for EPC projects is 1.0065 yuan/Wh, while the average price for energy storage equipment is 0.6418 yuan/Wh [13]. - The majority of the projects are concentrated in provinces such as Anhui, Jiangsu, and Zhejiang, with Anhui accounting for approximately 23.40% of the total project bids [10]. Group 3: Company Participation - Major companies involved in the bidding process include BYD, CATL, CRRC Zhuzhou, Envision, and several others, indicating a diverse competitive environment [9]. - Seven companies, including Trina Storage and Weisheng Energy, were awarded contracts for various energy storage system integration projects, showcasing the industry's collaborative efforts [6][7].

Group 1 - Recently, 10 user-side energy storage projects have been launched, with a total scale exceeding 100 MWh, mainly distributed in Zhejiang (3), Sichuan (1), Guangdong (1), Anhui (1), Africa (3), and one in East China (province unspecified) [2] - These projects primarily serve high-energy-consuming manufacturing enterprises, featuring diverse solutions such as integrated solar-storage systems, solar-diesel-storage microgrids, and "source-network-load-storage" integration [2] - In regions with weak power infrastructure like Africa, microgrids and integrated solar-storage solutions are becoming mainstream [2] Group 2 - The 12.9 MW/25.08 MWh commercial energy storage station in Ma'anshan, Anhui, successfully connected to the grid, utilizing 60 units of 215 kW/418 kWh smart energy storage cabinets [3] - The project is expected to discharge an average of 11.68 million kWh annually, generating approximately 8.75 million yuan in the first year and a total of over 78.12 million yuan in ten years [5] Group 3 - Haier New Energy's 1 MW/2.15 MWh energy storage system in Foshan, Guangdong, has been successfully connected to the grid, employing a lithium iron phosphate technology route [6] - The project is expected to generate over 10 million yuan in revenue through peak-valley arbitrage over its lifecycle [8] Group 4 - The 4.8 MW/10.4 MWh energy storage project in Shaoxing, Zhejiang, has been successfully connected to the grid, featuring two lithium iron phosphate battery units and four 1250 KVA integrated transformer-inverter units [9][11] - The project is expected to achieve an annual charging capacity of 6,511 MWh and a discharging capacity of 5,533 MWh [11] Group 5 - The 1.25 MW/2.61 MWh energy storage project in Zhejiang, constructed by Shanghai Zini New Energy, has been successfully connected to the grid, integrating with an existing photovoltaic power station [12][14] - This project aims to reduce peak electricity costs through the "solar-storage integration" approach [14] Group 6 - A 10 MW/20 MWh commercial energy storage station in East China has been successfully connected to the grid, with an expected annual discharge of 9 million kWh, saving customers approximately 4 million yuan in electricity costs [15][17] - The project will also participate in grid regulation, providing emergency backup power during grid fluctuations [17] Group 7 - A 5.16 MWh solar-storage-diesel integrated energy storage system has been successfully shipped to a West African country, marking one of the first projects of its kind in the region [18][20] - The system features high-capacity battery cells with over 95% charge-discharge efficiency and is designed for intelligent operation through IoT architecture [20] Group 8 - A 500 kW/1205 kWh solar-storage-diesel microgrid project has been successfully delivered in Africa, designed to accommodate future load growth [21] - The project utilizes a solar-storage-diesel integrated system to provide reliable power supply in a newly planned industrial park [21] Group 9 - The 5 MW/10 MWh electrochemical energy storage project by Changcheng Tungsten Molybdenum has been officially completed, focusing on energy structure adjustment and exploring a full-chain model of "storage + renewable energy + intelligent scheduling" [29][31] - The project employs a "two charge two discharge" control strategy to reduce electricity procurement costs and lower carbon emissions [31]

Core Viewpoint - The user-side energy storage projects in China have seen significant growth in both quantity and capacity in the first seven months of the year, indicating a robust expansion in the energy storage sector [2][5][19]. Group 1: Project Statistics - A total of 5,796 user-side energy storage projects have been registered across the country, with a total capacity of 19.893 GW and 43.775 GWh, marking a year-on-year increase of 30.79% in project numbers, 138.68% in power, and 135.81% in capacity [2]. - Jiangsu province leads in registered capacity with 28.374 GWh, nearly quadrupling last year's figures, while Zhejiang and Guangdong follow with 4.735 GWh and 3.047 GWh respectively [5]. - The average initial investment cost for these projects is 1.3656 yuan/Wh, with the highest investment amounting to 1 billion yuan for a specific project [19][18]. Group 2: Project Size and Distribution - The majority of user-side energy storage projects have a capacity of 5 MWh or less, accounting for 87.5% of the total, while larger projects of 50-100 MWh and over 100 MWh are also emerging [10][13]. - Notable large-scale projects include a 500 MW/1000 MWh project in Guangxi and a 310 MW/930 MWh project in Jiangsu [14][13]. - The number of projects in Anhui and Henan is increasing, with significant capacities of 2.505 GWh and 1.080 GWh respectively [8]. Group 3: Key Players and Market Dynamics - A total of 2,098 construction units are involved in these projects, with leading companies including Guangzhou Dianzhi Storage Technology and Hangzhou Pengcheng Storage Technology [15]. - The user-side energy storage market is characterized by a diverse range of projects, including those focused on integrating source, network, load, and storage [8].

Core Viewpoint - EVE Energy reported a total revenue of 28.17 billion yuan for the first half of 2025, marking a year-on-year increase of 30.06%, with net profit attributable to shareholders reaching 2.218 billion yuan, up 3.78% year-on-year [2]. Group 1: Financial Performance - The revenue from energy storage batteries reached 10.298 billion yuan, an increase of 32.47% year-on-year, with a gross margin of 12.03% [2]. - The energy storage battery shipment volume was 28.71 GWh, reflecting a year-on-year growth of 37.02% [5]. Group 2: Market Drivers - The growth in energy storage performance is driven by China's "dual carbon" strategy and the EU's "Green Deal," which have spurred the deployment of energy storage systems across various sectors [8]. - The domestic market is primarily driven by the full market entry of renewable energy, the 531 grid connection node, and capacity compensation policies [8]. Group 3: Orders and Capacity - EVE Energy disclosed an order scale of 63 GWh for 2025 [9]. - The production capacity utilization rate reached 87.51% during the reporting period, with a planned storage capacity of 50 GWh for 2024 [11]. Group 4: Expansion Plans - EVE Energy plans to invest up to 8.654 billion yuan in a new energy storage battery project in Malaysia, with a phase two storage capacity of approximately 10 GWh and a phase three design capacity of about 38 GWh [12]. - The company has received approval to establish a battery manufacturing plant in Hungary, with an investment of up to 9.971 billion yuan and an expected annual production capacity of 30 GWh by 2027 [12]. - A joint venture in the U.S. with Cummins and Daimler Trucks aims to build a lithium iron phosphate battery factory with an annual capacity of 21 GWh, expected to be operational by 2026 [12].

Group 1 - The core viewpoint of the article highlights the recent contracts and developments in the energy storage sector, particularly focusing on the achievements of Zhiguang Electric and Kelu Electronics in securing significant procurement contracts [2][3][4][5][6]. Group 2 - Zhiguang Electric's subsidiary signed a procurement contract worth 186 million yuan for a high-voltage cascade grid-connected energy storage system [3]. - In addition to the recent contract, Zhiguang Electric's subsidiary also secured a sales contract valued at 204 million yuan for energy storage system equipment, totaling 390 million yuan in contracts within ten days [4]. - The company has signed large-scale energy storage projects across various regions, with a total project scale exceeding 4.4 GWh, including over 2.7 GWh for cascade high-voltage direct-connected storage projects [4]. Group 3 - Kelu Electronics has won multiple energy storage project bids, including framework procurement for 350 MWh and 200 MWh systems, and is expanding into international markets such as Greece, Czech Republic, and Poland [5][6]. - The company's energy storage business generated revenue of 1.282 billion yuan in the first half of the year, accounting for 49.83% of total revenue, with a gross margin of 32.95% [6]. - Kelu Electronics is constructing a storage production base in Indonesia with an initial planned capacity of 3 GWh, expected to commence production in 2026 [6]. Group 4 - The energy storage industry is transitioning from policy-driven to market-driven growth, necessitating a focus on technology development, cost control, and service quality [7]. - Emerging markets in the Middle East, Latin America, and Africa are expected to become growth points for energy storage, driven by energy transition and reliability needs [7].

Core Viewpoint - The commercial energy storage sector is facing a value reshaping challenge by 2025, with three hidden barriers: competition shifting from single product comparison to overall solution competition, service depth transitioning from functional superiority to customer value creation, and market focus moving from domestic homogenization to global expansion [2][4][17]. Group 1: Transition from Product to Solution - The commercial energy storage industry is evolving from being mere equipment suppliers to solution providers, emphasizing the need for modular energy storage system solutions [4][10]. - Current applications in commercial energy storage exhibit characteristics of project dispersion and strong customization, necessitating a deeper understanding of customer needs and the development of tailored solutions [4][6]. - The shift from product-centric to customer value-centric approaches is fundamentally restructuring the competitive landscape of the commercial energy storage sector [10][11]. Group 2: Modular System Solutions - Modular system solutions can be categorized into two types: "Lego-style" modularity at the system level, allowing independent operation and flexible combinations, and "building block-style" modularity at the supply chain level, utilizing standardized components [2][6]. - The introduction of the modular energy storage system solution by Yilan Technology in 2023 allows for the decoupling of the entire system into three main modules: DC/DC, DC/AC, and STS, which can be freely combined to meet diverse commercial needs [7][11]. Group 3: Global Market Strategy - Yilan Technology emphasizes a "local empowerment, global win-win" strategy, focusing on overcoming hidden barriers in overseas markets by achieving product certification in 21 countries and adapting solutions to local grid characteristics [14][15]. - The company aims to build competitive advantages through localized services and partnerships, establishing service networks in regions like Thailand, the Netherlands, and South Africa to enhance after-sales support [15][17]. - Recent actions, such as the shipment of nearly 400 PCS units overseas, demonstrate the transition of Chinese commercial energy storage enterprises from hardware output to value co-creation [15][17].

Core Viewpoint - The article highlights the rapid development of energy storage policies across China, with approximately 45 direct subsidy policies implemented this year, indicating a shift towards supporting operational performance rather than just installed capacity [2][4]. Policy Distribution - Zhejiang Province has emerged as the most active region with 13 subsidy policies, while Guangdong follows closely with significant single-project subsidies, including up to 50 million yuan for specific projects [4]. - The highest subsidy rate is found in Ningbo's virtual power plant application at 2 yuan/kWh, while Chongqing offers 0.5 yuan/kWh for user-side subsidies [7]. Duration of Subsidies - More than half of the subsidy policies currently in the application phase have a validity period of three years, with some extending up to ten years [8]. Subsidy Methods - Discharge and response subsidies, each with 11 policies, dominate the landscape, indicating a trend towards these methods as the mainstream approach by 2025, surpassing capacity and installation subsidies [10]. - The rationale behind this choice is the precision and efficiency of discharge and response subsidies, which directly link funding to actual discharge activities, ensuring resources are allocated to active projects that contribute to grid regulation [13]. Market Integration - This model encourages project owners to explore diverse market profit scenarios, such as peak-valley arbitrage and demand response, thereby promoting deeper integration of energy storage into the power system ecosystem [14]. - As "mandatory capacity allocation" gradually fades, discharge and response subsidies play a crucial role in avoiding resource misallocation and guiding the industry towards genuine market value-driven growth, while also stimulating the development of the electricity spot trading market [14].

Core Viewpoint - The article highlights recent advancements in the commercial energy storage sector, with four companies announcing significant projects that enhance energy reliability and efficiency in various regions [2][3][6][12]. Group 1: Company Developments - GCL-Poly Energy has secured a 150MWh commercial energy storage project in Wuhu, consisting of 30 units of 2.5MW/5MWh storage sub-units, featuring intelligent control platforms for various commercial scenarios [3][5]. - Daqin Energy has successfully connected a 10MW/20MWh commercial energy storage project in Suzhou to the grid, providing a comprehensive solution that includes project planning, design, equipment supply, and smart operation management [6][8]. - Jinko Solar is deploying two 2.15MWh energy storage systems in El Salvador and has partnered with a Mauritanian brand to implement a solar plus storage system, aiming to reduce carbon emissions and operational costs [9][11]. - China National Petroleum Corporation has established a large-scale solar-storage charging station in Guangdong, featuring a peak photovoltaic capacity of 243KW and an annual power generation of approximately 219,000KWh [12]. Group 2: Economic and Environmental Impact - The GCL-Poly project is designed to provide economic benefits through peak shaving and emergency backup, while also preparing for virtual power plant support [5]. - The Daqin Energy project is expected to save the client approximately 4 million yuan annually in electricity costs, with an estimated annual discharge of 9 million kWh [8]. - Jinko Solar's projects are projected to significantly reduce carbon emissions, with the Mauritanian project expected to cut around 1,800 tons of CO2 emissions annually [11]. - The CNPC charging station is anticipated to serve about 170,000 new energy vehicles per year, contributing to a reduction of approximately 140 tons of carbon emissions annually [12].

Core Viewpoint - The performance of the energy storage business among six companies, including RuiPu LanJun, KeLiYuan, and others, shows mixed results, but overall resilience in performance is noted despite some companies facing pressure [2]. Group 1: Company Performance - RuiPu LanJun reduced losses by 90%, with energy storage battery shipments doubling year-on-year to 18.87 GWh, generating revenue of 5.08 billion yuan from energy storage batteries, a 58.4% increase [10]. - KeLiYuan achieved a total revenue of 18.21 billion yuan, a 23.21% increase, with energy storage revenue of 1.15 billion yuan, up 4% [6]. - KeLu Electronics turned a profit with a net profit increase of 579.14%, achieving revenue of 25.73 billion yuan, a 34.66% increase, and energy storage revenue of 12.82 billion yuan, up 177.15% [7]. - NanDu Power's revenue from communication and data center storage reached 1.89 billion yuan, a 34.09% increase, while overall revenue fell by 31.67% [9]. - HeWang Electric reported a total revenue of 1.88 billion yuan, a 36.39% increase, with a net profit increase of 56.79% [11]. - ShengHong's revenue was 1.36 billion yuan, down 4.79%, with a net profit of 158 million yuan, down 12.91% [4]. Group 2: Market Trends and Innovations - ShengHong recognized the growth potential in commercial energy storage, citing a continuous increase in electricity consumption in China's secondary and tertiary industries [4]. - KeLiYuan is actively expanding its energy storage project investments, with over 10 GWh of projects in reserve [6]. - KeLu Electronics is focusing on strategic clients in the domestic market and expanding into overseas markets, including the Americas and Europe [8]. - NanDu Power is innovating with new products, including large-capacity lithium iron phosphate storage cells and liquid cooling storage systems [9]. - HeWang Electric offers a range of energy storage solutions, including centralized storage inverters and customized energy storage systems [11].

Core Viewpoint - The energy storage industry is witnessing significant project wins, with multiple companies securing contracts for large-scale energy storage systems, indicating a growing market demand and investment in energy storage solutions [2][8]. Group 1: Project Wins and Contracts - Hai Chen Energy Storage has won a major contract for a 1GW/4GWh energy storage project in Saudi Arabia, highlighting the international expansion of Chinese energy storage companies [2]. - Xinjiang Afanti Yue Water Power has been awarded a contract for a 200MW/800MWh energy storage project, marking the first time a local state-owned enterprise has entered the energy storage system integration market [2][5]. - Three companies, including Xinjiang Yue Water Power, CRRC Zhuzhou Electric Locomotive Research Institute, and Sungrow Power Supply, have been shortlisted for the procurement of an 800MWh energy storage system in Xinjiang [3][4]. Group 2: Financial Details of Contracts - The total contract value for the shortlisted companies in the Xinjiang project amounts to approximately 537 million yuan [2]. - The bid prices for the shortlisted candidates in the Xinjiang project are as follows: Xinjiang Yue Water Power at 35.04 million yuan, CRRC Zhuzhou at 34 million yuan, and Sungrow at approximately 36.36 million yuan [4]. - Shanghai Hope Architectural Design has signed a procurement contract worth 232 million yuan for a 200MW/400MWh shared energy storage demonstration project [8][9]. Group 3: Additional Project Information - The project by *ST Energy involves a 100MW/300MWh energy storage station with a total contract value of approximately 305 million yuan, emphasizing the company's capabilities in project execution [10]. - The procurement for the Xinjiang project includes various essential equipment such as transformers, GIS switchgear, and lithium iron phosphate battery storage systems [5].