Xin Lang Cai Jing·2025-08-11 23:59Core Viewpoint - The report from Huatai Securities indicates that the market sentiment regarding domestic energy storage demand post the cancellation of mandatory storage requirements (Document No. 136) is relatively pessimistic, despite better-than-expected installation and bidding data for June and July [1] Group 1: Market Dynamics - The actual installation data for June and the bidding results for June and July have exceeded previous expectations, primarily due to the introduction of supportive policies, especially at the local level, which have improved the economic viability of independent energy storage projects [1] - The report highlights that the market demand is emerging as a result of these supportive policies, alongside the potential lag in the implementation of previously planned projects [1] Group 2: Future Outlook - Huatai Securities believes that local supportive policies are crucial short-term drivers for the energy storage market, while the long-term profitability model for domestic energy storage is expected to become clearer under a market-oriented electricity system [1] - The company is optimistic about the continuous growth of large-scale energy storage demand in China, anticipating a shift towards high-quality development in the sector [1]