Sungrow Power Supply(SZ:300274) Di Yi Cai Jing·2025-06-10 11:30Core Insights - The energy storage industry is shifting from policy-driven to market-driven dynamics following the cancellation of mandatory storage requirements, leading to increased focus on product safety, performance, and efficiency [1][2] Company Developments - Sungrow Power Supply Co., Ltd. has launched the PowerTitan 3.0 energy storage system platform, featuring a 684Ah large cell capacity, which is more than double the current mainstream 314Ah cell capacity [1] - The new storage platform breaks the limitations of fixed container sizes, offering 10-foot Flex, 20-foot Class, and 30-foot Plus versions, with operational durations ranging from 2 to 12 hours under extreme conditions [1] - The 684Ah cell utilizes advanced stacking technology, enhancing energy density and achieving an efficiency of 96.5% with a cycle life exceeding 15,000 cycles [2] Market Trends - The end of mandatory storage has led to a significant increase in the domestic electricity trading market, with a focus on value-driven storage products [2] - The global shipment of the company's energy storage systems is projected to rise from 10.5GWh in 2023 to 28GWh in 2024, positioning the company among the top three in market share [6] Technological Innovations - The PowerBidder platform integrates AI with the new battery management system (BMS) and energy management systems, optimizing operational modes and improving efficiency [5] - The company emphasizes safety in product design, investing 30 million yuan in large-scale combustion tests to ensure thermal runaway does not spread [5] Industry Outlook - The energy storage sector is becoming a core growth engine for leading companies, with expectations that storage business will surpass photovoltaic inverters as the second-largest revenue source in 2024 [6] - The industry is transitioning from passive responses to active grid integration, indicating a future focus on power electronics and grid support technologies [6]