国泰海通证券研究·2025-11-13 11:03Core Insights - The article highlights the significant collaboration between Haibo Sichuang and CATL, which signed a three-year agreement for a minimum of 200GWh of battery cell procurement, indicating strong confidence in the future growth of energy storage [2] - Additionally, Canadian company Canadian Solar (Artes) secured a major overseas contract for a storage project, reflecting robust demand both domestically and internationally [2] Group 1: Industry Developments - Recent domestic energy storage policies have been favorable, with the National Energy Administration officially including new energy storage in the capacity pricing mechanism for the first time [3] - If the capacity pricing policy is promoted nationwide, it is expected to enhance the economic viability of energy storage across more provinces, thereby stimulating growth in the sector [3] - In Inner Mongolia, the independent energy storage discharge compensation is set at 0.28 yuan/kWh for 2026, which could significantly boost local energy storage demand [3] Group 2: Company Activities - Haibo Sichuang's agreement with CATL spans from January 1, 2026, to December 31, 2028, with a total procurement volume of no less than 200GWh, ensuring supply according to company demand [2] - Previously, Haibo Sichuang also signed a strategic procurement agreement with Yiwei Lithium Energy for 50GWh of battery cells for the period from 2025 to 2027 [2] - Canadian Solar's subsidiary has signed a contract to provide a complete energy storage solution for the "Tianwang No. 2" project in Ontario, Canada, which has a scale of 411MW/1,858MWh, marking it as one of the largest energy storage projects in the province [2]