文 | 中关村储能产业技术联盟 2 0 2 5年8月储能政策从国家到地方共有53项发布或征求意见，涉及示范项目、补贴政策、电 力市场、管理规范等方面，中关村储能产业技术联盟对本月储能政策进行了梳理解读，希望 与业界同仁共同交流探讨。 一、政策数据概览 根据CNESA Da t aLi n k全球储能数据库的不完全统计，2025年8月份 共发布储能相关政策 5 3 项 ， 其 中 国 家 层 面 发 布 4 项 。 从 重 要 程 度 来 看 ， 非 常 重 要 类 25 项 ， 其 中 ， 山 东 、 广 东、内蒙古 发布数量居多，从政策类别来看， 电力市场、补贴政策、示范项目居多。 二、重要政策概览 【国家层面】 国家能源局发布《国家能源局综合司关于公示第五批能源领域首台（套）重大技术装备的通 知》 ，共8 2项技术装备列入第五批能源领域首台（套）重大技术装备名单，其中储能领域 1 0个项目入选，包括6MWh级预制舱式储能系统、高压直挂式构网型储能系统等，涉及锂 离子电池、压缩空气储能、钠离子电池、钒液流电池等技术类型。 国家能源局发布《关于十四届全国人大三次会议第4 2 69号建议的答复摘要》 ，提到将研 ...

Company Decision - Chint Aneng has decided to withdraw its application for listing on the Shanghai Stock Exchange, primarily due to its strong business performance and growth rate [1] - The withdrawal will not have a significant adverse impact on the company's operations and financial status [1] - Market analysis suggests that this decision may be related to Chint Aneng's net profit nearing the regulatory limit for spin-offs [1] Industry Trends - China has established the world's largest and fastest-growing renewable energy system, with renewable energy generation capacity increasing from 40% to approximately 60% since the start of the 14th Five-Year Plan [3] - The installed capacity of wind and solar power has surged from 530 million kW in 2020 to 1.68 billion kW by July this year, reflecting an annual growth rate of 28% [3] - The majority of photovoltaic equipment manufacturers and over 60% of wind turbine manufacturers are private enterprises, highlighting their crucial role in the renewable energy sector [3] Distributed Photovoltaics - Distributed photovoltaics have become a key driver for improving livelihoods, with over 40 million kW of new installations since the start of the 14th Five-Year Plan, benefiting over 7 million households [4] - This sector is expected to play a significant role in ensuring equitable access to energy development outcomes as part of rural revitalization strategies [4] - The development of distributed photovoltaics is also enhancing the efficiency of power resource allocation by reducing reliance on long-distance transmission [4] Market Potential - The household photovoltaic market in China has over 1600 GW of development potential, with only about 10% market penetration [5] - The rapid growth of advanced manufacturing and digital industries is driving an increase in electricity demand, further expanding the development space for distributed photovoltaics [5] Strategic Positioning - Chint Aneng is positioning itself as a leader in comprehensive energy services, transitioning from a household photovoltaic leader to a global comprehensive energy service leader [6] - The company is focusing on a diversified business model, including innovative solutions for urban households and efficient microgrid solutions for rural and community applications [6][7] - The withdrawal of the IPO application is seen as a new starting point for the company to refocus and enhance its capabilities, aiming to contribute more to the dual carbon goals and global energy transition [8]

Core Viewpoint - The company is focusing on developing a "three-dimensional virtual power plant" system to enhance operational efficiency and reliability while also engaging in carbon trading and energy storage projects [2][3]. Company Overview - Zhejiang Xinhong Port Thermal Power Co., Ltd. was established on October 17, 1997, and listed on July 7, 2021. The company primarily engages in the production and supply of thermal and electric power through cogeneration, with 95.17% of its revenue coming from this segment [7]. Financial Performance - As of June 30, the company reported a revenue of 364 million yuan for the first half of 2025, a year-on-year decrease of 17.74%, and a net profit attributable to shareholders of 61.81 million yuan, down 4.62% year-on-year [8]. Market Activity - On September 4, the company's stock rose by 1.27%, with a trading volume of 57.63 million yuan and a turnover rate of 1.63%, bringing the total market capitalization to 3.52 billion yuan [1]. Investment Projects - The company plans to construct a "three-dimensional virtual power plant" to monitor and analyze operational data, which will improve efficiency and safety [2]. - The company has also announced plans to invest in energy storage projects through its wholly-owned subsidiary, Zhejiang Yuesheng Energy Storage Technology Co., Ltd. [2]. Carbon Emission Management - The company has a carbon emission quota of 2.6483 million tons for 2019 and 2020, with an actual emission of 2.1483 million tons, resulting in a surplus of 500,100 tons, which represents an 18.88% surplus ratio [2]. - The company aims to become a regional comprehensive energy supply center with carbon neutrality, focusing on improving efficiency and coupling carbon reduction through new unit expansions and technology upgrades [3].

Core Viewpoint - The decision by Zhejiang Chint Aneng Digital Energy Co., Ltd. to withdraw its IPO application reflects both the company's soaring performance and the regulatory constraints on spin-offs, marking a strategic shift in the household photovoltaic sector amidst an energy revolution [1][2]. Group 1: Performance and Regulatory Constraints - The primary reason for the withdrawal of the IPO application is the regulatory rule that a subsidiary's net profit must not exceed 50% of the parent company's net profit. In the first half of 2025, Chint Aneng's net profit reached 1.901 billion yuan, a year-on-year increase of 49.9%, while Chint Electric's net profit was 2.554 billion yuan, resulting in a profit share of 74.4% from the subsidiary [2]. - Continuing with the IPO could risk the core profit source for Chint Electric and lead to a potential restructuring of the capital market valuation system [2]. Group 2: Market Transformation and Strategic Shift - The release of the notice on the market-oriented reform of new energy grid prices in early 2025 marked the end of the fixed price and subsidy era for photovoltaic energy. Chint Aneng acknowledged in its prospectus that the transition to market-based trading would introduce uncertainties in electricity pricing, potentially impacting company performance [3]. - In response to these uncertainties, Chint Aneng plans to upgrade its strategy from being a single power station developer to a comprehensive energy service provider, aiming to build a virtual power plant platform leveraging 50 GW of household assets to participate in electricity spot trading [3]. Group 3: Industry Landscape Changes - Chint Aneng's strategic pivot reflects a new competitive landscape in the household photovoltaic sector, where the market concentration of the top five companies has reached 62%, and price wars are intensifying. Competitors like Trina Solar and Sunshine New Energy are slowing their spin-off plans and focusing on strategic investments to expand their ecosystems [4]. - Under the "dual carbon" goals, the comprehensive energy service market is projected to reach a trillion yuan scale. Chint Aneng's president revealed plans to focus on key strategic areas such as virtual power plants and electricity trading, aiming to establish a leading national platform for virtual power plant aggregation and trading [4].

Core Insights - The core viewpoint of the news is that GCL-Poly Energy (002015.SZ) has demonstrated strong growth momentum under its "energy assets + energy services" dual-driven strategy, showcasing its leadership in technological innovation and green transformation during the 2025 semi-annual performance briefing [1] Financial Performance - In the first half of 2025, GCL-Poly achieved a net profit attributable to shareholders of 519 million yuan, a year-on-year increase of 26.42% [2] - The company's non-recurring net profit reached 464 million yuan, significantly up by 67.91% year-on-year [2] - Revenue from energy services surged by 378.81% year-on-year to 1.079 billion yuan, becoming the core driver of the company's performance [2] - Energy-saving and technical services generated 882 million yuan, a remarkable increase of 474.49% year-on-year, while trading services revenue rose by 174.44% to 197 million yuan [2] Renewable Energy and Green Transition - As of June 30, 2025, the total installed capacity of the company reached 6,479.19 MW, with renewable energy accounting for 60.7% of the total [3] - The company is enhancing its energy asset structure by increasing the development of wind and solar energy, optimizing the transition from old to new energy sources [3] Technological Empowerment and New Growth Areas - Virtual power plants and electricity trading emerged as focal points during the briefing, with the company's adjustable load capacity for virtual power plants reaching approximately 690 MW, accounting for about 30% of the auxiliary service market in Jiangsu Province [4] - The company has developed a four-dimensional business system centered on electricity trading, integrating energy asset management, carbon neutrality services, and AI digital platforms [4] Financial Innovation and Digitalization - GCL-Poly is at the forefront of energy asset digitalization, having completed the first domestic Real World Asset (RWA) project for photovoltaic assets in collaboration with Ant Group, with a financing scale exceeding 200 million yuan [5] - The company aims to expand its energy asset pool and issue larger-scale green digital token products while actively participating in the standardization of new energy asset tokenization [5] Future Outlook - The company is committed to integrating ESG (Environmental, Social, and Governance) practices into its core business strategy, with its ESG rating upgraded from BB to A [6] - Management expressed confidence in the company's future development, emphasizing the continued focus on the dual-driven strategy of energy assets and services, consolidating energy asset returns, and enhancing the energy trading ecosystem [7]

Group 1 - The China Securities Index for modern energy enterprises has seen a decline of 1.08% as of September 3, 2025, with solar energy stocks leading the gains at 4.71% [3] - The ETF tracking this index, the Central State-owned Modern Energy ETF, has decreased by 1.30%, with a latest price of 1.14 yuan [3] - Over the past week, the ETF has shown a cumulative increase of 0.43%, ranking in the top third among comparable funds [3] Group 2 - The National Energy Administration has issued measures to support the development of private enterprises in the energy sector, including promoting virtual power plants and smart microgrids [4] - China Power Construction Corporation reported a new contract amount of 431.39 billion yuan in the first half of 2025, representing a year-on-year growth of 12.27% [4] - The company is focusing on renewable energy to create a second growth curve, optimizing its business structure for future performance [4] Group 3 - As of August 29, 2025, the top ten weighted stocks in the modern energy index account for 48.28% of the total index, including major companies like China Yangtze Power and China Nuclear Power [5] - The Central State-owned Modern Energy ETF closely tracks the modern energy index, which includes 50 listed companies involved in green energy and fossil energy [4][5]

Core Insights - Tesla's "Master Plan" fourth chapter aims to integrate AI and autonomous driving technologies to accelerate the transition to sustainable abundance and human prosperity [2][3][4] - The plan emphasizes the creation of a safer, cleaner, and more enjoyable world through the unification of hardware and software [3][4] AI Empowerment - Tesla's innovations in electric vehicles, clean energy, and robotics lay the foundation for a technological renaissance aimed at eliminating scarcity [3][4] - The company believes that growth is limitless and that technological innovation can address resource shortages, similar to past industrial revolutions [3][4] Technological Integration - Tesla is building a collaborative network of AI and physical world technologies, including Full Self-Driving (FSD), Dojo supercomputer, and Optimus humanoid robots [5][6] - FSD is progressing towards full autonomy by continuously learning from millions of miles of road data, enhancing its ability to handle complex driving scenarios [5] - The Dojo supercomputer, with a processing power of 1.1 EFLOPS, supports AI model training and improves decision-making speed for vehicles [5] Robotics and Energy Solutions - The Optimus robot addresses labor shortages in repetitive and hazardous tasks, already being utilized in Tesla factories and service industries [6] - Tesla's Powerwall and Megapack are key components in energy transition, providing reliable energy storage solutions for homes and businesses [6][7] Virtual Power Plant Innovation - Tesla's Virtual Power Plant (VPP) connects dispersed battery systems to create a large energy buffer, effectively managing energy supply and demand [7] - The VPP model has shown significant success in pilot projects, indicating its potential as a critical infrastructure for renewable energy [7] Business Model Innovation - Tesla is transitioning to a data-driven business model, exploring innovations like the Robotaxi network and AI technology licensing to generate high-margin software revenue [8] - The Robotaxi service allows users to access autonomous vehicles through subscription or pay-per-use, projected to contribute 30% of Tesla's total revenue by 2030 [8] Industry Impact - The release of the fourth chapter of Tesla's "Master Plan" signifies a shift from product-focused innovation to a new stage of system capability integration [9] - The vision outlined in the plan is seen as forward-looking, but the path from concept to reality involves overcoming various challenges in technology and regulation [9][10] Societal Implications - Experts suggest that technology is not only a tool for economic development but also a key force in addressing global challenges like climate change and labor shortages [10] - The need for innovative companies to redefine future possibilities and contribute to a sustainable and prosperous society is emphasized [10]

Core Viewpoint - GCL-Poly Energy Technology Co., Ltd. held a semi-annual performance briefing for 2025, discussing its strategic direction, business development, and technological innovation in alignment with China's "dual carbon" goals [1] Company Strategy and Business Development - The company focuses on a dual-driven strategy of "energy assets" and "energy services," with a strong emphasis on refined operations to stabilize revenue from electricity and heat sales [1] - In the first half of 2025, revenue and profit from energy services saw significant year-on-year increases, with energy-saving and technical services revenue growing by 474.49%, increasing its revenue share from 3.26% to 16.26% [1] - Energy services business achieved revenue of 1.079 billion yuan, marking a year-on-year growth of 378.81% [1] Energy Services Expansion - The company is deepening its focus on energy services, particularly in energy-saving and trading services [2] - As of June 30, 2025, the installed capacity of distributed photovoltaic projects reached 1,998.57 MW, with an addition of 740.97 MW during the reporting period [2] - The company managed a sales volume of approximately 156 billion kWh and engaged in green electricity trading of 3.55 million kWh [2] Profit Margin and Transformation - Despite the substantial revenue growth in energy services, the gross margin has declined [3] - The company aims to enhance the scale of its energy services and advance digital transformation, anticipating an improvement in overall gross margin as the transformation deepens [3] New Energy Asset and AI Planning - The company views new energy assets as prime candidates for blockchain technology, which can enhance asset liquidity and transaction credibility [4] - In the energy AI sector, the company is developing a four-dimensional business system centered on electricity trading, utilizing data to improve price prediction accuracy and arbitrage strategies [4] Light Asset Operation and ESG Performance - The company is transitioning from heavy asset operations to light asset operations, leveraging diversified energy assets and digital technology [5] - A joint venture with Ant Group, "Ant Xineng," focuses on AI technology implementation and innovative energy asset solutions [5] - The company has received improved ESG ratings, with Wind ESG rating upgraded from BB to A, and Shandao Ronglv rating from B+ to A- [5] Virtual Power Plant Business Progress - The company's virtual power plant business has expanded beyond Jiangsu, with an adjustable load capacity of approximately 690 MW as of June 30, 2025 [6] - The company holds a first-level qualification and manages a user scale exceeding 20 GW, utilizing digital operations for AI innovations in trading services [6]

Core Viewpoint - Shaanxi province, rich in coal and oil resources, is undergoing a green transformation as the first national energy revolution innovation demonstration zone in China, balancing energy security and low-carbon development [1] Group 1: Transition to Green Energy - Shaanxi's energy structure has historically been dominated by coal, with coal production accounting for one-fourth of the national total and thermal power capacity exceeding 60% at one point [2] - By the end of 2024, the province's installed capacity of renewable energy is expected to exceed 60 million kilowatts, representing 41% of the total power generation capacity [2] - The emergence of virtual power plants offers a solution to the challenges posed by the intermittency and volatility of renewable energy sources [2] Group 2: Implementation of Virtual Power Plants - In November 2023, the State Grid Shaanxi Electric Power Company established a comprehensive provincial virtual power plant management platform, aggregating 800,000 kilowatts of adjustable resources from 241 users, equivalent to the capacity of a large thermal power plant, reducing carbon emissions by approximately 900,000 tons annually [2] - During the summer peak electricity demand, a virtual microgrid was created in Xi'an, achieving a load reduction of 1,000 kilowatts during peak hours, alleviating pressure on the grid [3] Group 3: Collaborative Efforts and Market Participation - The virtual power plant model enables collaboration between previously isolated wind farms and industrial parks, facilitating a "thousand-mile collaboration" [4] - The first virtual power plant in the province participated in a simulated settlement of the electricity spot market, aggregating resources with a maximum capacity of 40,000 kilowatts and simulating a transaction of 131.8 million kilowatt-hours [4] Group 4: Policy and Technical Framework - The implementation of virtual power plants is supported by policies and technical standards, including the "Implementation Plan for Virtual Power Plant Construction and Operation" issued in June 2025 [5] - The first provincial technical standard for virtual power plants was approved in July 2023, guiding the initial three virtual power plants in completing dual scenario validations with maximum upward and downward adjustment capacities of 78,000 and 132,000 kilowatts, respectively [5] Group 5: Vision for Sustainable Development - The ultimate goal of virtual power plants is to create a participatory green energy ecosystem, allowing all stakeholders to benefit from the green transition [6] - The virtual power plant initiative exemplifies the harmonious coexistence of traditional and renewable energy sources, activating Shaanxi's green potential and contributing to the "Two Mountains" concept [6]

Core Viewpoint - Chint Electric announced the termination of the spin-off of its subsidiary, Chint Aneng Digital Energy, from the Shanghai Stock Exchange main board, citing favorable business development and performance growth as reasons for this decision [1][2]. Group 1: Business Performance and Financials - Chint Aneng planned to raise 6 billion yuan through its IPO and had completed an inquiry response before the termination [2]. - The company has shown consistent revenue and profit growth over the past three years, with projected revenues of 13.704 billion yuan, 29.606 billion yuan, and 31.826 billion yuan for 2022, 2023, and 2024 respectively, and net profits of 1.753 billion yuan, 2.604 billion yuan, and 2.861 billion yuan for the same years [2]. Group 2: Market Environment and Strategic Decisions - The decision to withdraw the IPO was made after comprehensive evaluation of the current market environment and discussions with relevant parties [2]. - The Shanghai Stock Exchange raised concerns regarding Chint Aneng's diverse business operations and their impact on operational stability, particularly due to the cyclical nature of the household photovoltaic industry and its dependence on subsidy policies [3]. Group 3: Future Directions and Strategic Vision - Chint Aneng aims to become a global leader in comprehensive energy services, focusing on green and low-carbon energy solutions, as outlined in its strategic renewal announcement [4]. - The company plans to leverage its strengths in technology and innovation, supported by collaborations with various partners, to achieve its goals in the energy sector [4].