Zheng Quan Shi Bao Wang·2025-12-10 00:15Core Viewpoint - The report from China International Capital Corporation (CICC) indicates that the capacity pricing policy is leading to a short-term surge in installations, while also projecting long-term growth in energy storage demand [1] Group 1: Short-term Market Dynamics - The scarcity of quality node resources is expected to drive social capital into the market, with independent energy storage likely to experience a rush during the policy window [1] - Preliminary estimates suggest that the theoretical installation capacity for independent energy storage supported by reduced electricity costs from the generation side could reach approximately 158 GW or 634 GWh by 2026-2027 [1] Group 2: Long-term Market Outlook - From 2027 onwards, as the electricity market matures and renewable energy installation scales increase, the demand for new energy storage will shift from being policy-driven to being driven by intrinsic needs [1] - The new demand will primarily stem from proactive energy storage integration on the generation side and multi-scenario applications on the load side [1] - With the increasing share of variable energy sources like wind and solar, the total commercial configuration demand for energy storage during the 14th Five-Year Plan period is expected to be between 1.5 TWh and 1.7 TWh (including pumped storage), with a compound annual growth rate exceeding 20% [1]