Sou Hu Cai Jing·2026-02-12 06:07Core Viewpoint - The battery sector is experiencing a significant surge driven by both domestic and international demand, with a clear improvement in business models and profitability expectations [3][4]. Group 1: Domestic Demand - The domestic demand certainty is attributed to the clarification of business models, with the 136 document establishing the market position for independent energy storage, leading to a "guaranteed + flexible" profit model that reduces investment risks and accelerates installation growth [4][6]. - The domestic energy storage projects are entering an accelerated construction phase, with an expected annual new installed capacity of 64.5 GW and a total capacity of 196.4 GWh, showing a significant year-end rush for installations [6]. Group 2: International Demand - In Europe, the large-scale energy storage market is entering a phase of explosive growth, with a projected 60% increase in power capacity and a staggering 280% increase in capacity scale for 2024 [6]. - The North American market faces a power supply shortage due to the non-linear growth of AI power demand and aging grid infrastructure, with projections indicating an average peak gap of over 20 GW from 2027 to 2030 [6]. Group 3: Investment Opportunities - The battery ETF Huatai (159796) is highlighted for its significant exposure to the energy storage sector, with a 19% allocation, and a 46% allocation to solid-state batteries, positioning it well to benefit from the ongoing technological advancements and market demand [7][9]. - The ETF's management fee is noted to be the lowest in its category at 0.15% per year, enhancing its attractiveness for investors looking to capitalize on the battery sector's growth [12].