Core Viewpoint - Three leading companies in the energy storage sector, Airo Energy, Trina Storage, and Tianneng Group, have secured significant overseas GWh-level energy storage project orders, collectively exceeding 3GWh, showcasing China's global competitiveness in energy storage [1] Group 1: Tianneng Group - Tianneng Group is collaborating with NASDAQ-listed VCIG to advance a 1GWh AIDC photovoltaic energy storage project in Malacca, Malaysia, which includes 250MW of photovoltaic facilities and a liquid-cooled energy storage system [2] - The project utilizes an "EPC+F" model and aims to provide zero-carbon electricity to an AI data center, addressing local energy consumption challenges [2] - The project has secured local 275KVA substation resources and is accelerating towards substantial construction [2] Group 2: Trina Storage - Trina Storage has successfully entered the European market by signing an agreement with Irish renewable energy developer Aer Soléir for a 250MW/1GWh energy storage project in Turin, Italy [3] - This project is one of the largest battery storage projects in Europe and has won a capacity auction for 2027 [3] - Trina Storage will provide its next-generation Elementa King 2 Pro liquid-cooled energy storage system along with a 20-year comprehensive service package, enhancing its market share in Europe [3] - The company has already shipped over 4GWh of energy storage solutions in Europe [3] Group 3: Airo Energy - Airo Energy has made strides in the Australian market by securing a general agency order for 1GWh of residential and commercial energy storage products annually, with a cumulative procurement of no less than 1GWh by 2026 [4] - Australia is identified as one of the most demanding markets for residential energy storage, with local storage orders reaching 54.31GWh by 2025 [4] - Airo Energy leverages its integrated "energy storage battery + inverter" advantage and local agency model to penetrate the market effectively, aligning with the energy storage needs of Australian households and businesses [4]

Core Insights - The European battery energy storage market is experiencing significant growth, with an expected addition of 27.1 GWh in installed capacity by 2025, marking a 45% year-on-year increase and achieving a record high for the twelfth consecutive year [1] - The shift in market dynamics is evident as large-scale storage systems now contribute 55% of the new installed capacity, while residential storage has seen a decline for two consecutive years [1] - The total capacity of battery storage in the EU has increased tenfold from 7.8 GWh in 2021 to 77.3 GWh currently, with a target to reach approximately 750 GWh by the end of 2030 to meet energy flexibility demands [1] Summary by Sections Battery Storage Market Overview - 2025 is identified as a watershed year for the EU battery storage market, driven by improved market conditions and strengthened policy frameworks [1] - Residential storage systems, while still important, have faced a 6% decline in installed capacity to 9.8 GWh due to falling electricity prices and reduced subsidy policies [1] - Commercial and industrial storage has seen moderate growth but remains a niche segment in the market [1] Battery Manufacturing Industry - By 2025, the nominal production capacity of battery cells in the EU is projected to reach 252 GWh, with a solid midstream industrial foundation but notable structural weaknesses [2] - The EU has strong competitiveness in the production of electrolytes and separators, but limited manufacturing capabilities for active materials in both positive and negative electrodes [2] - Over 90% of existing cell production capacity is directed towards the electric vehicle sector, with a very low proportion allocated for stationary storage [2] Key Actions for Development - The report outlines three priority action areas for scaling up battery storage in the EU: 1. Accelerate the deployment of storage systems [2] 2. Build an economic and resilient supply chain [2] 3. Enhance quality, safety, and sustainability [2]

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 受全球动力电池市场占有率下滑、需求收缩影响， 韩国三大电池巨头LG新能源、三星SDI、SK On在2025年第四季度集体陷入营业亏损困境。 为扭转盈利 颓势，三家企业纷纷调整战略，将部分产能转向储能领域，开启业务转型之路。 业绩承压态势显著，亏损面持续扩大。数据显示，LG新能源2025年第四季度营业亏损达1220亿韩元，若剔除美国尖端制造生产税收减免，亏损规模将增至 4548亿韩元。同期，三星SDI预计亏损约3003亿韩元，SK On预估亏损2000亿韩元，这也是三家企业首次同时出现季度亏损。受三元电池市场萎缩拖累， LG新能源2025年12月取消了总额约13.5万亿韩元的电动汽车电池供应合同，SK On也终止了与福特汽车在美国的合资电池工厂项目。 鑫椤报告预售： 2025-2029年全球储能市场运行趋势及竞争策略研究报告 市场前景依旧黯淡，业绩预期持续下调。韩国相关证券机构汇总数据显示，LG新能源2026年第一季度预期营业利润由3个月前的5024亿韩元下调至1830亿 韩元，盈利空间大幅压缩；三星SDI与SK On则 ...

Core Viewpoints - Morgan Stanley has identified Sungrow as a top pick in the Asia-Pacific utility and renewable energy sector for 2026, maintaining an "Overweight" rating with a target price of 250 RMB, up from a current price of 162.08 RMB. The report highlights two main advantages: the company's proprietary PCS technology and its focus on high-end markets, which provide strong growth resilience. Additionally, China's provincial electricity reform policies and potential AIDC storage orders are expected to catalyze performance growth [2]. Group 1: Key Insights from Field Research - The PCS technology is crucial for breaking into the AIDC storage market, as it meets the stringent response time requirements. Sungrow plans to sign and deliver small-scale AIDC storage orders by 2026, with significant growth expected in 2027. The company has already gained relevant experience through its "photovoltaic + storage base load" demonstration projects [3]. - Global energy storage installations are projected to grow over 40% in 2026, with significant regional disparities. The Chinese market is expected to double its installation capacity compared to 2025, while the Middle East, other Asian regions, and the EU are anticipated to see growth exceeding 50%. The U.S. market, however, is expected to slow due to OBBB policy impacts [6]. - Three key catalysts for Sungrow's performance growth have emerged: accelerated certification processes and order placements for AIDC storage products, the introduction of peak and valley pricing policies in more Chinese provinces, and discussions on energy transition in China's 14th Five-Year Plan, which may further unlock industry potential [7]. Group 2: Investor Questions and Answers - Sungrow's competitive advantage in the AIDC storage market lies in its high reliability and response speed, with a relatively stable competitive landscape due to high technical barriers. As the second-largest player in the global storage market, Sungrow's financing capabilities for inverters and storage systems position it as a preferred supplier for U.S. data centers [8]. - Energy storage can alleviate power supply tensions by balancing load during peak and off-peak periods. The demand for storage systems is expected to rise as power supply issues intensify in the U.S. due to AIDC deployments [9]. - The U.S. Department of Energy's proposed rules regarding large power loads accessing the grid may expedite the integration of storage systems, as mixed facilities that include storage are likely to benefit from faster grid access processes [11]. - To comply with OBBB policy requirements, Sungrow plans to establish a joint venture with non-Chinese partners to procure non-Chinese batteries, thereby reducing the Chinese component ratio in its storage systems [12]. - The reduction of battery export tax rebates in China is expected to have a limited impact on Sungrow's profit margins, as the company has included price adjustment clauses in most contracts to pass on additional costs to customers [13]. - Despite rising input costs, market expectations for Sungrow's gross margin are deemed reasonable, with a projected decline from 38% in 2025 to 33.5% in 2027, reflecting a 5 percentage point drop [14][15]. - Sungrow is expected to receive approval for its Hong Kong IPO in February 2026, with funds allocated for next-generation inverter R&D, overseas projects, digital upgrades, and operational support [16]. - The competitive landscape in China's storage market is intense, leading to a projected decline in Sungrow's market share from approximately 10% in 2024 to around 5% in 2025. However, the demand for high-quality products is expected to rebound in 2026, benefiting Sungrow [17]. - The AIDC storage business is anticipated to yield significant profit growth, with projections indicating low double-digit growth in 2027 if Sungrow captures one-third of the U.S. AIDC storage market [18]. - The AIDC high-voltage direct current (HVDC) power supply equipment market is projected to reach 200 billion RMB by 2030, with Sungrow potentially capturing a 20% market share, leading to a per-share valuation increment of 26.4 RMB by 2026 [20].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤储能 资讯~ 近日，天合储能与爱尔兰可再生能源开发商Aer Soléir正式签署了其在意大利首个大型电池储能项目合 作协议， 双方将共同建设位于都灵地区Rondissone的250MW/1GWh储能电站 。 预订电话：18964001371（微信同） 该项目将成为意大利乃至欧洲目前规模最大的电池储能项目之一，不仅开启了天合储能在意大利规模储 能市场的新篇章，也标志着其在欧洲战略布局中迈出关键一步，巩固了其作为欧洲大规模储能领域可信 赖合作伙伴的地位。 鑫椤报告预售： 2025-2029年全球储能市场运行趋势及竞争策略研究报告 ——The End—— 本文来源： 企业官微 。 本 公众号所发表内容注明来源的，版权归原出处所有（无法查证版权的或未注明 出处的均来源于网络搜集），如有侵权请及时联系删除。转载内容只以信息传播为目的，仅供参考，不代表 本号认同其观点和立场。内容的真实性、准确性和合法性由原作者负责。 鑫椤资讯成立于2010年，主要服务于炭素、锂电、电炉钢3大行业，是中国专业产业研究和顾问公司。鑫椤 资讯以研究为中心，提供数据库 ...

Group 1 - A battery energy storage system caught fire in a shopping center parking lot, leading to temporary closures of several businesses [1][2] - The fire started around 3 AM and was linked to a battery storage unit supplying power to Tesla electric vehicle chargers [2][4] - The fire was controlled within an hour, and the damage was limited to the battery casing, with ongoing monitoring by staff until the unit can be completely removed [4][5] Group 2 - Approximately half of the parking lot and several businesses, including supermarkets, home improvement stores, pet hospitals, hotels, and cafes, were closed for safety reasons [6] - There were no reported injuries or further property damage from the incident [5]

Core Viewpoint - The article highlights the significant growth in global energy storage battery shipments, projecting a total of 640 GWh by 2025, with a year-on-year increase of 82.9%. Domestic manufacturers are expected to ship 621.5 GWh, while overseas manufacturers will ship 18.5 GWh, reflecting growth rates of 82.8% and 85% respectively [1]. Group 1: Market Overview - By 2025, global energy storage battery shipments are projected to reach 640 GWh, marking an 82.9% increase year-on-year. Domestic manufacturers will account for 621.5 GWh, while overseas manufacturers will contribute 18.5 GWh [1]. - CATL (Contemporary Amperex Technology Co., Limited) maintains its leading position in the market, holding over 23% market share, while competitors like Hicharge, EVE Energy, and others occupy the second tier with around 11% market share [2]. Group 2: CATL's Strategic Moves - CATL has accelerated its overseas energy storage business, securing significant orders and forming strategic partnerships to enhance its global market presence [3]. - The company has publicly disclosed overseas energy storage orders totaling 47.6 GWh, averaging approximately 260 MWh per day, showcasing its robust market expansion capabilities [5]. Group 3: Regional Focus - CATL's overseas projects are concentrated in high-growth emerging markets, particularly in the Middle East, Australia, and Southeast Asia. The UAE's 19 GWh project exemplifies its dominance in the Middle East, while the 24 GWh project in Australia highlights its technological leadership [10]. - The Indonesian project of 2.2 GWh not only represents a commercial order but also reflects CATL's strategy of "Chinese technology + local manufacturing," with plans for a local battery factory [10]. Group 4: Local Production Capacity - CATL is simultaneously accelerating its overseas production capacity to address trade barriers and local supply needs. A joint venture in Spain aims to establish a lithium iron phosphate battery factory with a planned annual capacity of 50 GWh, expected to be operational by the end of 2026 [12]. - The Hungarian and Indonesian facilities will form a dual-base production network, enhancing the resilience of its global supply chain [13]. Group 5: Market Position and Financial Performance - According to ICC Xinluo Insights, CATL is projected to exceed 130 GWh in energy storage shipments by 2025, maintaining a significant lead over competitors despite a slight decrease in market share to around 26% [13]. - The year 2025 is pivotal for CATL's overseas energy storage business, driven by a strategy that combines large orders, technology exports, and local manufacturing [13].

Core Viewpoint - The article discusses the second bidding results for the EPC (Engineering, Procurement, and Construction) contract of the Wuliangye Industrial Park energy storage station project, highlighting the competitive pricing and the details of the bidding process [1][2]. Bidding Results - The bidding participants included several joint ventures and companies, with bid prices ranging from 0.7139 to 0.7318 yuan/Wh [1][2]. - The specific bids were as follows: - China Railway Eight Bureau Group and Sichuan Electric Power Design Institute: 0.7289 yuan/Wh - China State Construction Engineering Corporation and China State Construction Zhonghuan New Energy: 0.7234 yuan/Wh - China Railway Eleventh Bureau Group and Zhongzhuan Engineering Design: 0.7318 yuan/Wh - Sichuan Yineda Construction Engineering: 0.7139 yuan/Wh - Kuai Bu Times (Fujian) New Energy Technology and Zhongtu Design: 0.7313 yuan/Wh - Zhongzhou Hanyuan Construction: 0.7285 yuan/Wh [2]. Project Scope - The project involves the construction of a 10MW/20MWh energy storage station, including design, equipment supply, installation, and related administrative procedures [3]. - The scope includes the procurement of two battery cabins, two energy storage conversion and boosting units, and various systems for energy management and safety [3]. Operational Requirements - The energy storage station will require operation and maintenance services for a minimum of two years after commissioning [4]. - The project has a total investment of 16 million yuan, with a construction period of 90 calendar days [3]. Previous Bidding Attempt - The project previously failed to attract enough bidders, resulting in a failed bid due to fewer than three submissions [5][6].

Core Viewpoint - China Huadian Group Co., Ltd. has announced a framework procurement tender for lithium iron phosphate electrochemical energy storage systems, with an estimated capacity of approximately 12 GWh [1]. Group 1: Tender Details - The tender includes the supply and installation guidance for lithium iron phosphate electrochemical energy storage systems with battery single capacity of ≥314Ah and a warranty period of 5 years [1]. - The actual procurement capacity may vary, with a maximum deviation of 20% from the estimated capacity [1]. - Bidders must have at least one project with a capacity of ≥200 MWh or a cumulative contract performance of no less than 2000 MWh for projects with a capacity of ≥10 MWh from January 1, 2024, to the bid deadline [1][5]. Group 2: Bidder Qualifications - Bidders must be legally registered independent entities in China, capable of bearing civil responsibilities and entering contracts [5]. - Bidders must not be in a state of production suspension, bankruptcy, or have their business licenses revoked [5]. - Bidders must not be listed as serious violators of trust by market supervision authorities or on the "Credit China" website during the evaluation period [5][6]. Group 3: Submission and Opening of Bids - The deadline for bid submission is February 11, 2026, at 09:00, and bids must be submitted electronically through the designated platform [11]. - The opening of bids will also occur electronically on February 11, 2026, at 09:00, with the process recorded for archival purposes [12].

Core Viewpoint - Wanhua Chemical Group has established a new subsidiary focused on the research and development of electronic specialty materials, indicating a strategic expansion into high-tech materials for electronics and energy storage applications [1][4]. Group 1: Company Establishment and Focus - Wanhua Chemical Group (Laizhou) New Energy Materials Technology Co., Ltd. was established with a registered capital of 740 million RMB, focusing on the R&D, manufacturing, and sales of electronic specialty materials [1][2]. - The company is wholly owned by Wanhua Chemical (Yantai) Battery Industry Co., Ltd., emphasizing its integration within Wanhua's broader business structure [2]. Group 2: Lithium Battery Material Projects - Wanhua Chemical is advancing two major lithium battery material projects: a 650,000-ton lithium iron phosphate project and a 200,000-ton lithium iron phosphate project at the Green Power Industrial Park, both of which have had their environmental impact assessments accepted by the Yantai Ecological Environment Bureau [2][3]. - The company aims to achieve a production capacity of 1 million tons of lithium iron phosphate and lithium iron phosphate by 2027, showcasing its commitment to scaling up production in the lithium battery sector [5]. Group 3: Strategic Partnerships - On January 13, 2026, Wanhua Chemical signed a strategic cooperation agreement with Juren New Materials, designating Juren as a strategic supplier for PCL (polycaprolactone) materials, which are critical for various applications including biodegradable products and electronic materials [6][10]. - Juren New Materials has established itself as the largest domestic supplier of PCL, with a market share increase from 35.19% in 2022 to 37.21% in 2023, indicating strong competitive positioning in the market [10]. Group 4: Research and Development Capabilities - Wanhua Chemical has assembled a research team of over 500 personnel dedicated to battery materials, focusing on the development of both anode and cathode materials, and has introduced third and fourth-generation lithium iron phosphate products [5]. - The company has also developed unique technologies for silicon-carbon anodes and is one of the few in China capable of supplying third-generation lithium iron phosphate [5]. Group 5: Future Developments - Wanhua Chemical plans to establish additional companies in 2024, including Wanhua Chemical Group (Penglai) Trading Co., Ltd. and Wanhua Chemical Group (Shenzhen) Technology Co., Ltd., further expanding its focus on electronic specialty materials [7]. - The establishment of the Wanhua Shenzhen Research Institute will enhance R&D capabilities in electronic materials, synthetic biology, battery materials, and specialty chemicals [7].