大幅回调！1月用户侧储能新增装机同比下降58%

Core Viewpoint - In January 2026, the user-side new energy storage market experienced a significant decline in installed capacity, with a year-on-year decrease exceeding 50%, indicating a shift towards larger, more concentrated investments in energy storage projects [2][4]. Group 1: User-side Energy Storage Installation Scale - In January, the user-side energy storage market added 166.2 MW / 456.5 MWh, representing a year-on-year decrease of 58% / 39% and a month-on-month decrease of 81% / 73% [3][4]. - The commercial and industrial applications dominated the user-side energy storage market, accounting for over 90% of the new installations [5]. - The average scale of individual projects increased by 87% year-on-year, indicating a trend towards larger projects [4][18]. Group 2: Regional Distribution of User-side Energy Storage - The majority of new installations were concentrated in Jiangsu, Anhui, Shandong, Sichuan, and Guangdong, with the East China region accounting for 78% of the new installations in January [8][10]. - Jiangsu led the market with a 60% share of the installed capacity and 16% of the number of new projects, driven by favorable policies and market demand [9][10]. - The shift in the pricing mechanism in Jiangsu from fixed to market-based pricing is expected to create diverse arbitrage opportunities for energy storage projects [9]. Group 3: User-side Energy Storage Project Registration - In January, the number of registered user-side energy storage projects decreased by 38% year-on-year, while the total scale increased by 16% [17][18]. - Jiangsu continued to show growth in project scale, with a year-on-year increase of 81% in January, while the number of projects decreased by 44% [18]. - The trend towards larger individual projects is evident, with the average scale of registered projects in Jiangsu being three times that of the same period last year [18]. Group 4: Overall Analysis of New Energy Storage Projects - In January 2026, the total installed capacity of new energy storage projects in China reached 3.78 GW / 10.9 GWh, showing a year-on-year increase of 62% / 106% [22]. - The new energy storage market started the year positively, with significant growth in installed capacity compared to the previous year [22].