国金证券：全球储能行业正开启增长新周期

Group 1 - The global energy storage industry is entering a new growth cycle, with an expected addition of 438 GWh of new installations by 2026, representing a year-on-year growth of 62% [1] - The growth drivers have shifted from solely renewable energy consumption to a combination of "AI computing infrastructure + energy transition demand + grid congestion" [1] - The supply-demand relationship in the industry has significantly improved, transitioning from a destocking phase to a replenishment boom, with certain segments of the supply chain expected to experience both volume and price increases [1]