CENTEK(SZ:000931) Zheng Quan Ri Bao Wang·2026-01-22 12:13Core Insights - The new energy storage industry in China has shown significant growth, with a cumulative installed capacity of 213.3 GW by the end of 2025, representing a year-on-year increase of 54% [2] - The market share of energy storage technology has diversified, with pumped storage accounting for 31.3% and new energy storage, led by lithium batteries, exceeding two-thirds of the total installed capacity [2] - The installed capacity of new energy storage reached 144.7 GW by the end of 2025, marking an 85% year-on-year increase and a 45-fold increase compared to the end of the 13th Five-Year Plan [2] Market Trends - In 2025, new energy storage added 66.43 GW/189.48 GWh, with power and energy scales growing by 52% and 73% year-on-year, respectively [3] - The top 10 provinces in terms of installed capacity each exceeded 5 GWh, collectively accounting for nearly 90% of the total, with Inner Mongolia leading in both energy and power installations [3] - The number of bidding sections for energy storage systems decreased by 10.4% to 690, while EPC bidding sections increased by 4.5% to 1,536, indicating a shift towards integrated delivery and risk outsourcing [3] Pricing and Procurement - The bidding scale for energy storage systems (excluding collective procurement) reached 121.5 GWh in 2025, a 140.1% increase year-on-year, while EPC bidding scale was 206.3 GWh, up 125.5% [4] - The average bidding price for energy storage systems showed a downward trend, with prices for lithium iron phosphate systems ranging from 391.14 to 913.00 yuan/kWh, and EPC average prices decreasing by 13.04% and 8.19% for 2h and 4h systems, respectively [4] Future Outlook - The new energy storage market is expected to move towards marketization, particularly in commercial and industrial sectors, with anticipated growth in installed capacity to over 30 GW by the end of the 14th Five-Year Plan [5] - The development of new energy storage will be driven by market forces, with a focus on expanding application scenarios and innovative business models during the 14th Five-Year Plan [6] - The average duration of new energy storage installations is projected to increase from 2.58 hours in 2025 to 3.47 hours by 2030, reflecting advancements in technology and growing market demand for long-duration storage [7]