全球储能电网设备需求持续共振，风电光伏触底回升态势明显

Group 1: Core Insights - The global energy storage installation demand is expected to maintain high growth, with a significant increase in demand from AI computing centers contributing to this trend [1][5] - The lithium carbonate price has bottomed out and is recovering, leading to an end of negative feedback effects in the supply chain, which will significantly improve corporate profitability [1][5] Group 2: Photovoltaics - The photovoltaic industry is expected to see a bottoming out in its fundamentals in 2025, with marginal improvements in supply-demand mismatches and stabilization in industry chain prices [2] - Global photovoltaic installations are projected to face short-term pressure, with a potential year-on-year decline in new markets in China, the US, and Europe, while new markets in regions like the Middle East and South Asia are expected to grow rapidly [2] Group 3: Wind Power - The domestic wind power sector is anticipated to experience significant installation growth in 2025, reflecting high demand from previous years' bidding [3] - The profitability of listed companies in the wind power sector is expected to improve as high demand translates into better financial performance [3] Group 4: Power Grid Equipment - Global investment in power grids is expected to continue growing to accommodate the increasing share of wind and solar power generation [4] - The aging infrastructure in developed economies necessitates urgent upgrades, which will benefit domestic power grid equipment companies [4] Group 5: Energy Storage - The energy storage sector is projected to see explosive growth in 2025, with a significant increase in demand from large-scale storage in China, the US, and Europe [5] - By 2026, global energy storage installations are expected to reach 417 GWh, representing a 51% year-on-year increase [5]