Core Viewpoint - The energy storage sector is experiencing significant growth due to unexpected recovery in industry prosperity and event catalysts, leading to high demand for energy storage batteries and near-full production capacity among major manufacturers [2]. Group 1: Production Capacity and Utilization - Major battery manufacturers are reporting full orders and tight production capacity, with some companies having their energy storage battery orders nearly filled through 2026 [3]. - The production capacity and utilization rates for leading companies in 2025 and 2026 are as follows: - CATL: 160 GWh (89.86% utilization) in 2025, 230 GWh (85% utilization) in 2026 - EVE Energy: 80 GWh (100% utilization) in 2025, 130 GWh (88% utilization) in 2026 - Hicharge: 75 GWh (93% utilization) in 2025, 102 GWh (98% utilization) in 2026 - Others also show high utilization rates, with a total capacity of 552 GWh (87% utilization) in 2025 and 937 GWh (85% utilization) in 2026 [4]. Group 2: Demand and Pricing Trends - The demand for large-capacity energy storage cells, such as the 314Ah model, is outstripping supply, with orders extending into 2026. However, the overall industry capacity utilization remains around 65%, indicating structural shortages [14]. - The price trends for various energy storage cell models show significant increases, with the 100Ah and 314Ah cells experiencing price hikes of 10%-15% and 5%-10% respectively, while lower-capacity cells are facing oversupply [15][17]. Group 3: Company-Specific Updates - CATL has a utilization rate of 89.86% for its energy storage systems, with orders extending to October, and some overseas projects requiring "premium pricing for priority production" [6]. - EVE Energy reported full production status for its energy storage batteries as of September 28 [7]. - Hicharge's Chongqing base has orders extending to October, with a 220% increase in overseas orders and a gross margin exceeding 40% [8]. - Ruipu Lanjun has maintained a production utilization rate above 90% since Q2 2025, reaching 100% in July [9]. - Ganfeng Lithium announced that its energy storage cells have achieved large-scale production and established long-term supply partnerships with major industry players [10]. - Penghui Energy reported full production for its major energy storage products, with some price increases compared to the first half of the year [11]. - Chuangneng New Energy has received over 80 GWh in new orders as of September, with a monthly shipment exceeding 8 GWh [12]. Group 4: Strategic Collaborations and Orders - The total announced energy storage cell orders since 2025 have reached 152.879 GWh, accounting for 56.19% of all related orders [18]. - Various companies have signed significant collaboration agreements, including: - Envision Technology Group with over 10 energy system companies for 40 GWh - EVE Energy with strategic cooperation agreements totaling 10 GWh [19].

Core Insights - The article discusses recent strategic partnerships in the energy storage sector, highlighting significant agreements by companies such as Trina Solar and EVE Energy to supply large-scale energy storage systems in international markets [1][2][6]. Group 1: Trina Solar Developments - Trina Solar has signed a strategic cooperation agreement with Japan's Yuasa Corporation to supply a total of 500MWh of large-scale energy storage systems starting in 2025, aiming to accelerate its market entry in Japan [2][4]. - The partnership will involve Trina Solar providing a complete integrated solution, including battery cells and BESS systems, while Yuasa will handle market development and local service network construction [4][5]. - Trina Solar aims to achieve a shipment target of over 8GWh for its energy storage business in 2025, with 40% of shipments expected to be domestic and 60% international, focusing on high-growth overseas markets [5]. Group 2: EVE Energy Initiatives - EVE Energy has signed a strategic cooperation agreement for 500MWh of energy storage with CommVOLT, a Polish company, to address the growing demand for commercial and industrial energy storage in Europe [6][8]. - This collaboration aims to enhance grid stability and renewable energy absorption capabilities, while also establishing benchmark energy storage projects in Central and Eastern Europe [8]. - EVE Energy recently completed a 200MW/400MWh independent energy storage project, marking the first large-scale application of a 628Ah storage battery in a megawatt-hour level power station [8].

Core Viewpoint - The article highlights the significant growth in the energy storage market, with multiple companies securing large-scale contracts, indicating a robust demand for energy storage solutions in various regions, particularly in Europe [1][2]. Group 1: Company Contracts and Orders - Haicheng Energy Storage signed a supply agreement for a 2GWh energy storage system with Solarpro, a leading EPC in Europe, aimed at utility-scale projects in Eastern Europe [3][5]. - Zhiguang Electric announced a procurement contract worth 164 million yuan for high-voltage cascade semi-solid energy storage systems with China Energy Construction [8][9]. - Pengcheng Technology secured a 100MWh energy storage order with the Polish energy company Get Free, which includes comprehensive project development and maintenance services [10][11]. Group 2: Market Trends and Innovations - The energy storage systems provided by Haicheng utilize advanced long-duration storage solutions, designed for seamless integration with renewable energy sources, enhancing flexibility to meet diverse energy needs in Europe [5][6]. - Zhiguang Electric's sales in the first half of 2025 reached 1.06 billion yuan, with a net profit exceeding 70 million yuan, indicating strong financial performance and a growing order backlog [9]. - Pengcheng Technology's project in Poland aims for an internal rate of return (IRR) of over 15%, utilizing digital operation systems and AI predictive maintenance to optimize energy management and reduce operational costs [13].

Core Insights - The article discusses the evolution of commercial energy storage from a single arbitrage model to an ecosystem of "virtual power plants + diversified services" by 2025 [1] - The project by Sophia Home, supported by Zhuhai Pano Technology, is the first commercial energy storage project connected to Guangzhou's virtual power plant, expected to generate over 180,000 yuan in additional annual revenue through energy storage adjustments [1][2] Project Overview - The project is the first 10kV grid-connected commercial energy storage project in Guangzhou's Zengcheng District, with Pano Technology providing a one-stop service for investment, construction, and operation [2] - The project consists of two phases and utilizes Pano Technology's self-developed 418kWh distributed energy storage system [2] Operational Efficiency - The project leverages Pano's virtual power plant management platform, utilizing IoT control technology and peak shaving strategies, resulting in an annual discharge volume exceeding 2.2 million kWh and significantly reducing factory energy costs [4] - The energy management system implemented in the factory aims to enhance operational efficiency, saving over one million yuan in electricity costs annually [4] Industry Implications - The project serves as a model for high-energy-consuming manufacturing facilities and offers insights for comprehensive energy service operators, energy-saving companies, and electricity sales companies regarding virtual power plant applications [6] - Pano Technology's virtual power plant solution has been approved by the Guangzhou Municipal Bureau of Industry and Information Technology, allowing it to become a market player [8] Financial Performance - The annualized return on energy storage is projected to increase from 8%-12% to 15%-20% through optimized charging and discharging strategies, breaking the limitations of traditional peak shaving revenue models [10] - Pano Technology's comprehensive solution covers all aspects of virtual power plants, from smart meters to aggregation platforms and trading strategies, enhancing operational efficiency and maximizing revenue [10] Future Developments - Pano Technology has been actively expanding its ecosystem in virtual power plants and energy storage, including strategic partnerships and the establishment of an industrial fund focused on new energy and storage project development [11]

Core Viewpoint - The energy storage industry is experiencing a significant demand for battery cells, leading to price increases and a complex market environment where companies must navigate rising costs and competitive pressures [2][3][5]. Group 1: Market Dynamics - The demand for energy storage battery cells is strong, with leading battery manufacturers operating at full capacity and some orders extending into early next year [2]. - The price of battery cells has increased by 0.02–0.03 yuan/Wh, with costs being passed down to system integrators [2][3]. - The commercial energy storage market is at a turning point, facing pressure from rising costs and slowing growth, leading to a dilemma for system integrators on whether to raise prices or lower them to secure orders [3][5]. Group 2: Pricing Trends - The mainstream price for commercial energy storage systems is expected to stabilize between 0.6-0.68 yuan/Wh, with potential for limited increases in the future [10][13]. - Since September 2023, the price of commercial energy storage units has dropped significantly, with a decline of 60.71% from 1.40 yuan/Wh to as low as 0.55 yuan/Wh [6][10]. - The overall average price for commercial energy storage units has stabilized around 0.65 yuan/Wh, with the lowest price recorded at 0.53 yuan/Wh [6]. Group 3: Value vs. Price Competition - The industry is shifting from a focus on low prices to a focus on quality-price ratio (value competition), driven by stricter safety regulations and changes in pricing policies [17][20]. - Companies are encouraged to prioritize high value over low prices, as long-term profitability relies on product longevity, efficiency, and reliability [19][23]. - The competition is expected to evolve, with leading firms leveraging technology and service capabilities to create barriers, while smaller firms may struggle or pivot to contract manufacturing [24][25]. Group 4: Future Outlook - By 2025, the energy storage industry is anticipated to undergo significant consolidation, with weaker companies potentially exiting the market due to price pressures [25]. - The market is expected to stabilize as it matures, with companies that excel in technology, product quality, and service likely to dominate [25][26]. - The focus will shift towards creating long-term value through innovation and operational efficiency, rather than engaging in detrimental price wars [20][21].

| 《2025电力市场与数智化储能调研报告》 | 电力交易、技术融合、虚拟电厂与商业创新 | | --- | --- | | 出品方: 因 行家说储能 | 鸣谢: 以下参编单位的特别贡献(排名不分先后) | | UHES | HTHIUM | | Pilof 派诺科技 | | | 调研正式启动,欢迎参编 | 扫码了解 | 此前，行家说储能报道了远信储能获得5GWh储能项目订单（ 点这里 ）。 另外，Fortescue还计划部署 2-3GW 的风能和太阳能发电，以及大规模电池存储等。 ▋ 瑞浦兰钧：签3GWh储能供货协议 在9月中旬，瑞浦兰钧能源股份有限公司（以下简称"瑞浦兰钧"）与全球电网级储能解决方案领导者Energy Vault Holdings, Inc.（以下简称"Energy Vault"） 在美国签署了2026年供货协议。 近日，瑞浦兰钧、 Fortescue 宣布达成储能重要合作，其中瑞浦兰钧拿下3GWh储能系统供货协议； Fortescue则分别与远景能源、比亚迪、隆基绿能签署 协议。 ▋ Fortescue：携手比亚迪、远景、隆基绿能等 据美通社报道，在纽约举行的联合国大会期间，澳大利亚福德 ...

行家说储能最新消息，楚能新能源两天内接连官宣两大动作——发布588Ah储能电池、开工80GWh锂电项目。 在宜昌80GWh全新一代锂电池项目开工 活动现场，楚能新能源董事长代德明在接受行家说储能采访时表示："楚能新能源实现了从0到1、从起步发展到快速 崛起，公司计划在今年年底前实现项目全面开工，以确保明年达成300GWh以上的产能目标，全面进入行业头部阵营。" 据他介绍，" 80GWh全新一代锂电池项目不仅是楚能千亿战略目标的重要布局，更是楚能以产业助力宜昌打造新能源产业高地的重要部分。"他承诺，楚能 将用最短的时间、最快的速度、最高的效率建成项目，力争早投产、早达效，将宜昌建设成为全国最大的锂电池产业基地。 下一步，楚能还将在年内启动襄 阳生产基地的建设。 图为：楚能新能源董事长代德明 ▋ 发布588Ah储能电池 从280Ah、306Ah、314Ah到472Ah，楚能新能源 储能电池阵营又添力作。 9月25日，在新品发布会上，楚能新能源发布新一代588Ah储能专用电池。 据了解，单颗电池能量突破卷绕工艺极限达588Ah，质量能量密度为190Wh/kg、体积能量密度为419Wh/L，能量效率高达96.5%。 ...

9月2 4 日，由中国电机工程学会组织，来自中国电机工程学会、国家电网、南方电网、电规总院的 15名权威专家组成鉴定委员会，鉴定一致通过了阳光电 源"全网况风光储构网系统的关键技术及应用"，达到国际领先水平。 为解决单一控制模式的并网变流器难以满足复杂网况要求、宽域扰动下构网算法适应能力差等技术瓶颈，攻克构网型宽域故障适应与多源协同控制难题， 阳 光电源围绕 "构网算法、风光储系统方案、安全设计和能量管理"开展技术攻关，形成"以算法为核心、安全与能量管理为支撑、风光储应用为载体"的构网系 统，实现"极端电网适应 -多能协同优化-设备安全性跃升-智能化水平进阶"四位一体突破 。 此次申报的全网况宽域扰动构网控制技术、风光储变流器调控 及多能耦合技术、风光储构网装置的主动安全设计以及基于 AI 的能量管理系统 四项技术获得了鉴定委员会一致通过。 攻克难题，国际领先，重新定义了构网技术边界！ 可靠性、稳定性、安全性是构网技术未来发展的风向。阳光电源首创多维自同步稳源 构网 ，可实现 SCR1.0-100强 弱网平滑切换、 ±90°对称/非对称相角 跳变全面支撑、0.1Hz~2.4kHz全频段振荡抑制、多次极端连续故 ...

数据显示，2024年英国储能新增装机达4.6GW/7.2GWh，同比增长超70%。到了2025年，在英国政府多项利好政策颁布下，这股容量增长势头仍有上升趋 势。 这不仅为英国储能市场注入了强心针，也 清晰揭示了英国能源转型正进入实质性加速阶段。在9月23日-25日，英国一年一度的 Solar & Storage Live UK 2025 展会上，行家说储能观察到已有14家中国企业正在抢滩卡位。 英国储能市场正在迎来重要窗口期。 英国政府发布的《清洁能源2030行动计划 》 明确提出，到2030年光伏装机达到45-47GW，电池储能达到23-27GW。 英国政府提出净零计划（2050年达到零碳），并提出在未来十年英国新能源领域计划投资超1250亿美元，覆盖储能、海上风电、氢能等； 设置长时储能计划"上限与下限机制"，并显成效：9月23日，英国28.7GW长时储能项目通过初审，其中171个申请，77个入围，锂离子电池项目…… | 阳光电源 | PowerStack、5 MWh ESS PowerTitan 2.0等 | | --- | --- | | 比亚迪储能 | 新一代14.5MWh储能系统"浩瀚"等 | | ...

Core Viewpoint - The article discusses the recent developments regarding Haicheng Energy's IPO process, highlighting the company's strong performance in the energy storage sector despite the temporary setback of its prospectus becoming invalid. The company is positioned well for future growth and potential reapplication for IPO. Group 1: Company Performance - Haicheng Energy has shown significant growth since its establishment in 2019, with a compound annual growth rate (CAGR) of 167% in battery shipments over the past three years, reaching 35.1 GWh in 2024, ranking third globally in the energy storage market [2][9] - The company's revenue has increased from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, with a net profit of 288 million yuan in 2024, marking its first profitable year [2][9] - The production facilities are operating at full capacity, with orders extending into September and October, indicating strong market demand for energy storage products [3][9] Group 2: Product and Technology - Haicheng Energy focuses exclusively on the energy storage market, offering a comprehensive range of products and solutions tailored to various applications, including residential, commercial, and long-duration storage [4][5] - The company has developed a sodium-ion battery specifically for energy storage, which boasts significant advantages in performance and efficiency [5] - As of December 2024, Haicheng Energy has filed over 3,900 patents, including more than 100 in the large-capacity battery sector, showcasing its commitment to innovation and technology advancement [10] Group 3: Market Strategy - The company employs a differentiated business model, selling battery cells to system integrators domestically while focusing on complete energy storage systems and solutions in international markets [6][7] - In 2024, overseas revenue accounted for 28.6% of total income, with a significant increase in overseas sales from 1% in 2023 to 29% in 2024, indicating successful international expansion [7][8] - Haicheng Energy's strategy includes deepening its presence in North America, targeting emerging markets, and gradually entering the European market, enhancing its competitive edge [7][8] Group 4: IPO Process - The invalidation of Haicheng Energy's IPO prospectus is viewed as a normal occurrence in the listing process, and the company can reapply with updated financial data [9] - Despite the setback, the company's strong market position and growth potential suggest that it can successfully navigate the IPO process in the future [9][10] - The ongoing global energy transition presents a favorable market environment for Haicheng Energy, which could enhance its prospects for a successful IPO [10]