中信证券：当前时点 海外储能市场投资价值凸现

Core Viewpoint - The report from CITIC Securities indicates that the overseas energy transition is driving an increase in the share of renewable energy, which in turn is boosting the demand for flexible adjustment resources in the energy storage market, particularly in Europe and the United States [1] Industry Summary - The overseas energy storage market is expected to experience significant demand growth, driven by the transition to renewable energy sources [1] - The domestic energy storage industry chain in China is noted to have clear advantages, with the global market share of battery cells and energy storage systems continuing to rise [1] - Many overseas energy storage companies are highly dependent on the Chinese industry chain, facing operational challenges due to policy uncertainties [1] Investment Recommendations - CITIC Securities suggests that the current timing presents investment value in the overseas energy storage market, recommending a focus on leading companies involved in battery cells, PCS (Power Conversion Systems), and system integration within the overseas energy storage industry chain [1]