Zheng Quan Shi Bao Wang·2025-11-02 23:49Core Viewpoint - The market is recovering, and the global trend for energy storage remains strong, driven by the marketization of renewable energy and capacity pricing [1] Group 1: Domestic Energy Storage - Domestic energy storage is experiencing a significant economic turning point, with robust investment activity [1] - The cumulative penetration rate of energy storage in China is still below 10%, leading to an upward revision of the expected new installations to 300 GWh for next year [1] Group 2: International Opportunities - The largest overseas opportunity arises from the demand for energy storage in data centers, with leading companies already securing substantial orders [1] Group 3: Lithium Battery Demand - Energy storage is expected to drive lithium battery demand growth exceeding 30% next year, presenting investment opportunities across materials, batteries, and integration [1]