储能业“缺芯潮”再起，多家上市公司在手订单饱和

Core Insights - The energy storage industry is experiencing a surge in demand, leading to significant stock price increases for several companies involved in energy storage solutions [1][2][3] - Major players in the energy storage sector have reported impressive financial results, indicating an ongoing industry reshuffle [2][3] Revenue Growth - Companies engaged in energy storage have shown substantial revenue growth, with notable figures such as: - Sunshine Power's energy storage revenue reaching 17.803 billion yuan, a year-on-year increase of 127.78% [3] - Deye's energy storage battery revenue at 1.422 billion yuan, up 85.80% year-on-year [3] - CATL maintaining its position as the global leader in energy storage battery shipments with 55 GWh [3] - The second-tier companies are also narrowing the gap with leaders, with EVE Energy's shipments growing by 37.02% year-on-year [3] Order Backlog and Production Capacity - The demand for energy storage solutions is robust, with companies like Zhiguang Electric reporting over 1.8 billion yuan in signed orders [4] - CATL's production capacity utilization reached 89.86% in the first half of 2025, a significant increase from the previous year's low [5] - The industry is facing saturation in production capacity, with reports of orders for 100Ah batteries extending into 2026 [5] Price Trends - The energy storage industry is witnessing a reversal in supply-demand dynamics, leading to price increases for energy storage cells [6] - Prices for mainstream battery models have risen by 10%-20% in June and July 2025, supported by a rebound in lithium carbonate prices [6] Market Growth and Projections - The global energy storage battery shipment volume reached 246.4 GWh in the first half of 2025, a year-on-year increase of 115.2% [8] - The energy storage market in China is expected to maintain a compound annual growth rate of around 30% over the next three years [10] Policy and Market Dynamics - The rapid growth in energy storage demand is attributed to a combination of policy and market mechanisms, transitioning from a passive role to a market-driven model [9] - Projects in regions like Inner Mongolia are benefiting from capacity compensation policies, enhancing cash flow stability and internal rates of return [9]