行家说储能·2025-08-08 08:13Core Insights - The storage industry saw significant growth in H1 2025, with 507 new projects and a total capacity of 21.4GW/53.8GWh, marking a year-on-year increase of 55% and 60.86% respectively [3][20] - Over 90% of storage-related companies reported positive net profit growth, indicating that the new energy sector is becoming a crucial component of corporate growth [5][14] - The number of IPO applications related to storage reached approximately 200, a sevenfold increase compared to the same period last year, with around 16 related to storage [6] Policy Analysis - The end of the tariff buffer period for storage batteries in the US and China will see tariffs rise to 64.9% by the end of 2025, and to 82.4% starting January 1, 2026 [6] Price Trends - The average price of grid-connected storage systems decreased by 0.06 yuan/Wh, a drop of 11.2%, with a 10% decrease in Q2 [8] - The average price of grid-connected storage systems fell by 0.155 yuan/Wh, with a decline of 22.6%, and a near 30% decrease in Q2 after a brief increase [8] Company Performance - As of July 31, 2025, 23% of 61 listed companies in the battery, PCS, and system integration sectors disclosed their performance, with significant growth noted in the new energy business [12] - Notable companies like Ningde Times and Southern Power Storage achieved over 28% growth in net profit and non-recurring net profit [14] Product and Technology Dynamics - The storage industry is evolving towards larger capacity cells and systems, with a focus on standardizing specifications around 587Ah and 684Ah [7][17] - The trend is moving towards larger storage systems, with capacities reaching 9MWh and 10MWh, disrupting traditional 20-foot container models [8][17] Project Dynamics - In H1 2025, 167 storage orders were publicly announced, totaling 292.739GWh, with 107 projects signed, under construction, or in operation [9][10] - The distribution of new projects shows that 13 regions exceeded 1GW in new capacity, with Yunnan, Xinjiang, and Hebei leading [20][23][28]