CATL(SZ:300750) Xin Lang Cai Jing·2025-09-17 08:49Core Insights - The International Renewable Energy Agency (IRENA) has officially released its first comprehensive report on energy storage titled "Photovoltaics and Energy Storage Supporting Energy Transition," which provides a systematic overview of the global energy storage industry and future trends [1][2] - The report highlights that the significant reduction in costs for centralized photovoltaic and energy storage projects makes "photovoltaics + storage" the most economical green energy solution, addressing both global electricity demand growth and the need for energy transition [1] - It emphasizes advancements in battery technology, particularly lithium battery storage, which is expected to achieve response times of 4-8 hours or longer, thus meeting the grid's need for flexible regulation over extended periods [1] Policy Recommendations - The report suggests several policy measures, including establishing national energy storage targets, integrating storage into grid design, improving electricity market rules to realize the multiple values of storage, developing targeted financial products to lower initial investment costs, and creating a robust safety standard system for energy storage grid connection [1] Collaborative Efforts - The report was compiled with the participation of CATL and several well-known companies and organizations in the photovoltaic and energy storage sectors, marking the first instance of deep involvement from a Chinese enterprise in a global energy storage research report [2]