Core Viewpoint - The implementation of the "Document 136" is seen as a transformative opportunity for the renewable energy sector, shifting the focus from price competition to value creation in the energy storage industry [1][2]. Summary by Sections Policy Impact - The "Document 136," released by the National Development and Reform Commission and the National Energy Administration, aims to promote market-driven pricing for renewable energy and establish a supportive framework for high-quality development [1]. - The document sets a clear timeline for existing and new projects, with projects completed before June 1, 2025, benefiting from stable pricing mechanisms, while new projects will face market competition [2]. Market Dynamics - Existing projects will have stable returns, while new projects may experience revenue volatility due to market pricing, prompting many companies to rush to connect before the deadline [2]. - The focus will shift towards independent energy storage solutions post the "531 rush," emphasizing profitability over price wars [2]. Strategic Focus - The company plans to concentrate on developing application scenarios in the energy storage sector, adopting the "Energy Storage + X" concept to integrate energy storage across various industries [2][3]. - The company has already established multiple application scenarios and signed cooperation agreements with major industry players, including Huawei and CATL, to enhance energy storage applications [3]. Industry Growth Projections - The energy storage sector is expected to grow significantly, with projections of reaching 500 to 800 GWh in the next three years [4]. - As of the end of 2024, the installed capacity of new energy storage projects in China is expected to reach 73.76 GW / 168 GWh [4]. - The rapid growth of the energy storage industry is anticipated to create favorable development opportunities for companies, driven by increasing renewable energy capacity and improved policy support [4].
海博思创舒鹏：储能行业开启价值创造新时代 未来三年行业规模有望大幅增长