JEP(SZ:000875) Xin Hua Wang·2025-08-12 05:54Core Viewpoint - The rapid expansion of renewable energy capacity, particularly wind and solar, is driving the need for energy storage solutions to address system stability and balance challenges in the power grid [1][3]. Company Summary - Jilin Electric Power Co., Ltd. plans to invest in a 200 MW solar project in Weifang, Shandong, with a 62 MW/124 MWh energy storage system, with a dynamic investment of 1.093 billion yuan [2]. - The project is expected to have an average annual utilization of 1,491 hours, with 90% of the electricity sold at a benchmark price of 0.3949 yuan per kWh, and a post-tax investment return rate of 5.32% [2]. - The project marks the company's first multi-energy complementary integrated base outside Jilin Province, aligning with its renewable energy development strategy [2]. Industry Summary - The demand for energy storage is increasing as the installed capacity of renewable energy sources like wind and solar expands rapidly [3]. - Several companies, including Guangdong Water and Electricity and Trina Solar, are also investing in solar projects with integrated energy storage systems, indicating a broader industry trend [3][4]. - The storage industry is expected to experience explosive growth, with projections of new energy storage capacity reaching approximately 80 GW annually over the next three years, potentially reaching a cumulative scale of 230 GW by 2025 [6].