调研海辰储能：技术领跑长时储能赛道，锚定全球增长确定性

Core Viewpoint - By 2030, global renewable energy generation capacity is expected to double, adding 4600 GW, with solar and wind energy as the main contributors. However, the rapid growth of these intermittent renewable sources poses significant challenges to the power grid, potentially leading to increased instances of "curtailment" if effective energy storage solutions are not implemented [2][3]. Group 1: Industry Challenges and Innovations - The contradiction between the surge in renewable energy generation and the challenges of energy consumption highlights the need for long-duration energy storage to manage volatility. Experts agree that once renewable energy generation exceeds 20%, long-duration storage solutions will become essential [3][4]. - The past three years have seen an approximately 80% decline in energy storage system prices, with some projects bidding below 0.4 CNY/Wh. While leading companies maintain profitability, many smaller firms face significant margin pressures [5][6]. - The industry's price war stems from a misunderstanding of the core attributes of energy storage, which is fundamentally an asset aimed at generating economic returns. This necessitates a focus on reducing capital and operational expenditures through technological innovation rather than mere price competition [6][7]. Group 2: Company Innovations and Strategies - Haicheng Energy has positioned itself as a leader in long-duration energy storage by initiating projects focused on this area as early as 2022, establishing a comprehensive innovation barrier across materials, processes, systems, and services [6][8]. - The company employs high-pressure solid material systems to enhance energy density and optimize materials, including electrolyte formulations, to improve overall efficiency and lifespan [7][8]. - Haicheng's innovative designs, such as the ∞Cell 587Ah battery, demonstrate significant improvements in energy density and efficiency, with a cycle life exceeding 10,000 cycles [8][9]. Group 3: Safety and Regulatory Compliance - Safety is a critical concern in the energy storage industry, with the National Energy Administration emphasizing the need for stringent safety regulations. The risk of thermal runaway incidents increases with larger battery cells, necessitating advanced safety designs [13][14]. - Haicheng has conducted extreme testing, including an open-door combustion test, to validate the safety of its systems under real-world conditions, achieving certifications that meet stringent North American safety standards [14][16]. - The company’s safety measures include high thermal stability materials and advanced battery management systems to ensure both functional and network safety [17][18]. Group 4: Market Opportunities and Growth - The long-duration energy storage market is projected to be a core revenue driver for Haicheng in the next 3-5 years, with significant demand emerging in China, Europe, and the Middle East [19][20]. - By 2050, long-duration storage is expected to account for 95% of global energy storage capacity, indicating substantial growth potential as current installations are only at 15.4% for 4-hour and above storage [20][21]. - Haicheng's global projects, including collaborations in Europe and the Middle East, showcase its ability to adapt to regional market demands and regulatory environments, enhancing its competitive edge [21][23]. Group 5: Long-term Vision and Impact - Haicheng aims to redefine the operational rules of the new energy era by transforming intermittent renewable sources into stable, reliable power, which is crucial for the success of energy transition [25][26]. - The company’s comprehensive approach, including extreme safety testing and lifecycle services, is designed to convert long-duration storage from an optional solution into a robust asset, attracting significant investment and accelerating infrastructure development [25][26].