《新型储能制造业高质量发展行动方案》点评：电力设备及新能源行业：格局、技术、应用三重驱动，储能行业迈向新周期

Investment Rating - The industry investment rating is "Positive" [4] Core Insights - The report emphasizes that the new energy storage industry is entering a new cycle driven by three main factors: industry structure, technology, and application [1][2][3] - The Ministry of Industry and Information Technology has issued a development plan aimed at enhancing the international competitiveness of China's energy storage industry from 2024 to 2027 [1] Summary by Sections Industry Structure Improvement - The plan aims to cultivate 3-5 leading ecological enterprises by 2027, promoting a concentrated and clustered industry structure [1] - The lithium battery supply chain has seen significant cost reductions, leading to a continuous decline in energy storage prices, although some companies are experiencing losses [1] - Major players like CATL and regional leaders such as Guoxuan High-Tech are expected to expand their market share due to their scale and technological advantages [1] Technology Enhancement - The report highlights the need for breakthroughs in various battery technologies, including lithium batteries, sodium batteries, and flow batteries, as well as advancements in long-duration storage technologies like compressed air and hydrogen storage [2] - Safety improvements are a priority, with goals to ensure that energy storage products do not catch fire or explode under thermal abuse or overcharging [2] - The diversification of storage technology routes is expected to meet varying storage needs across different scenarios, with lithium batteries currently holding the majority market share [2] Application Expansion - The plan identifies new applications for energy storage, including shared storage and grid-connected storage on the power side, and data centers, industrial parks, and home storage on the user side [3] - Emerging applications such as backup power for data centers and vehicle-to-grid interactions are anticipated to further boost overall energy storage demand [3] Investment Recommendations - The report suggests focusing on three areas: 1. Scale leaders benefiting from an optimized industry structure, such as CATL and Guoxuan High-Tech [3] 2. Technology-driven companies like Huayang Co. and Chuan Yi Technology [3] 3. Companies actively expanding into new application scenarios, such as Yubang Power and Jinpan Technology [3]