Xin Hua Cai Jing·2025-09-05 01:00Core Viewpoint - The report from CITIC Securities indicates that domestic energy storage in China is experiencing a shift due to the implementation of Document No. 136, leading to a peak in installed capacity ahead of schedule. The expectation is for a total installed capacity of over 120 GWh for the year, representing a year-on-year growth of 9-10% [1]. Domestic Energy Storage - The implementation of Document No. 136 has advanced the peak of installed capacity to May 31 [1]. - A potential slowdown in installations is anticipated in the third quarter, but a rebound in growth is expected in the fourth quarter due to the increase in independent energy storage installations [1]. - The overall expectation for the year is to maintain an installed capacity of over 120 GWh, reflecting a year-on-year growth of 9-10% [1]. International Energy Storage - In the United States, there has been a sustained high growth rate in installed capacity from January to May, with attention on future tariff and subsidy policy changes [1]. - Europe is experiencing relatively low growth in household storage installations, but large-scale storage installations are beginning to show significant growth, with commercial storage also presenting opportunities [1]. - Australia has recently initiated subsidies for household storage, while companies in India and Latin America are frequently securing large contracts [1]. Overall Market Outlook - The energy storage sector is expected to continue its growth trajectory in China, driven by independent storage solutions, while international markets present significant development potential [1]. - Energy storage remains one of the most promising sectors within the renewable energy landscape [1].