新型储能对推动能源转型和实现双碳目标意义重大，市场前景广阔

Investment Rating - The report indicates a positive outlook for the new energy storage industry, highlighting its significant role in energy transition and achieving carbon neutrality goals [2]. Core Insights - New energy storage technologies, excluding pumped hydro storage, are rapidly developing and include electrochemical, compressed air, and gravity storage, characterized by flexible deployment, short construction periods, and quick response times [2]. - The global installed capacity of new energy storage has doubled, reaching 91.30 GW by the end of 2023, with a year-on-year growth of 99.57% [3]. - In 2023, the global market saw an addition of over 50 GW of new energy storage projects, with a total installed capacity of 52.00 GW, marking a 69.50% increase year-on-year [6]. - China, Europe, and the United States dominate the global energy storage market, collectively accounting for 88.00% of the total market [6]. Summary by Sections New Energy Storage Overview - New energy storage refers to technologies that primarily output electricity and serve external needs, with significant implications for building a new power system and promoting energy transition [2]. Global Market Growth - The global installed capacity of new energy storage reached 91.30 GW by the end of 2023, reflecting a substantial increase in adoption and deployment [3][6]. China's Market Development - By the end of 2023, China's new energy storage capacity reached 34.50 GW, a remarkable growth of 163.83% year-on-year, driven by supportive policies [8]. - The "14th Five-Year Plan" is expected to propel new energy storage into a phase of rapid development, with significant improvements in electrochemical storage technology and a projected cost reduction of over 30% [8]. Future Projections - In a conservative scenario, the cumulative installed capacity of new energy storage in China is expected to reach 221.18 GW by 2030, with a compound annual growth rate (CAGR) of 30.40% from 2024 to 2030 [10]. - In an ideal scenario, the capacity could reach 313.86 GW by 2030, with a CAGR of 37.1% during the same period [10].