Zhi Tong Cai Jing·2026-02-27 05:57Core Insights - Qinghai Province has introduced the first capacity price for energy storage following the implementation of Document No. 114, signaling a positive outlook for the energy storage sector as more provinces are expected to release their detailed regulations, leading to a nationwide economic viability by 2026 [1][2] Group 1: Capacity Pricing Mechanism - The capacity price mechanism in Qinghai compensates power generation systems based on their contribution, applicable to compliant coal, gas, and certain solar power plants, as well as independent energy storage stations [2] - The capacity fee calculation method is defined as: Capacity fee = declared capacity × supply-demand coefficient × compensation standard, with the 2026 compensation standard set at 165 RMB/(kW·year) [3] - The annual compensation price for a 4-hour energy storage station is calculated to be 153.77 RMB/(kW·year), indicating a favorable economic environment for energy storage systems [3] Group 2: Energy Storage Demand Growth - In January, the newly installed capacity reached 3.8 GW/10.9 GWh, representing a year-on-year increase of 62% and 106%, respectively, indicating strong demand for energy storage [4] - The sales of energy storage batteries in January amounted to 46.1 GWh, reflecting a year-on-year growth of 164.0%, further underscoring the robust demand in the sector [4] - The company anticipates a strong increase in energy storage demand, projecting a global growth rate of 50% in 2026, driven by the implementation of national capacity pricing [4]