Zheng Quan Shi Bao Wang·2026-01-22 13:48Core Insights - As of December 2025, China's cumulative installed capacity for energy storage reached 213.3 GW, marking a 54% year-on-year increase [1] - The market share of pumped storage is 31.3%, while new energy storage, represented by lithium batteries, has seen a significant growth, accounting for over two-thirds of the total installed capacity [1] - New energy storage installations reached 144.7 GW, an 85% increase year-on-year, with the cumulative capacity being 45 times that of the end of the 13th Five-Year Plan [1] Installed Capacity and Market Trends - By the end of 2025, new energy storage installations included 66.43 GW and 189.48 GWh, with power and energy scales increasing by 52% and 73% respectively [1] - The top ten provinces in terms of installed capacity each exceeded 5 GWh, collectively accounting for nearly 90% of the total, with western provinces leading the way [1] Bidding and Pricing Dynamics - In 2025, 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 [2] - The bidding scale for energy storage systems reached 121.5 GWh, a 140.1% increase, and EPC bidding scale was 206.3 GWh, up 125.5% [2] - The procurement prices for lithium iron phosphate systems ranged from 391.14 to 913.00 yuan/kWh, with significant price variations based on system duration [2] Policy and Market Reforms - In 2025, 869 new policies related to energy storage were released, a 13% increase year-on-year, indicating a high level of policy activity [3] - The "14th Five-Year" planning goals for new energy storage across provinces exceed 91.6 GW, with most provinces having met their targets [3] - The market is transitioning towards a more market-oriented approach, with commercial energy storage expected to gradually move towards market participation [3] Future Outlook - The commercial energy storage sector is expected to maintain stable growth, with a shift from fixed price arbitrage to a more diversified revenue model [4] - The revenue structure for energy storage is anticipated to transform significantly, with energy arbitrage becoming the dominant revenue source [5] - 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 market demand [6]