Mei Ri Jing Ji Xin Wen·2025-10-10 06:38Core Insights - The energy storage industry is reaching an economic turning point, similar to historical phases of rapid penetration in sectors like photovoltaics, new energy vehicles, and smartphones [1] - Significant reductions in battery cell costs and technological advancements have led to a substantial decrease in energy storage system costs over the past two years [1] - Domestic market benefits from widening peak-valley price differences, capacity pricing, and compensation policies, resulting in a noticeable increase in Internal Rate of Return (IRR) [1] - Starting in 2024, overseas markets are expected to see a comprehensive rise in energy storage demand driven by economic viability and energy transition needs [1] Industry Trends - Current energy storage penetration rates are relatively low, with domestic rates at 5.95% and global rates at 5.10% [1] - Forecasts indicate that global new installations will reach 272 GWh in 2025, 441 GWh in 2026, and 642 GWh in 2027 [1] - The expansion of peak-valley price differences and capacity policies in the domestic market is expected to lead to non-linear growth in demand starting in 2026 [1] - The economic viability of photovoltaic energy storage is becoming more prominent, with new scenarios like AIDC opening further opportunities [1] Supply Chain Dynamics - The supply chain for the energy storage industry is tightening, with potential price increases in certain material segments [1] Investment Index - The Carbon Neutrality 50 ETF (159861) tracks the Environmental Protection 50 Index (930614), which selects 50 representative listed companies in the environmental industry from the Shanghai and Shenzhen markets [1] - This index aims to reflect the overall performance and investment value of China's environmental industry under the themes of green economy and sustainable development [1]