文 | 科技日报 截至2024年底，我 国已投运电力储能项目累计装机首次超过百吉瓦，达到137.9吉瓦，同比增长 59.9%；其中，新型储能累计装机达到78.3吉瓦，功率规模同比增长126.5%。 目前，我国新型能源体系建设稳步推进，能源保障基础不断夯实，现已建成全球最大的清洁能源系统。 储能是解决可再生能源规模化消纳和稳定输出的重要技术手段，是新型电力系统的核心要素。相较于传 统的抽水蓄能，锂离子电池、压缩空气储能、液流电池、钠离子电池、飞轮储能等新型储能，具有建设 周期短、布局灵活、响应速度快等优势，可在电力系统运行中发挥调峰、调频、调压、备用、黑启动、 惯量响应等多种功能。如今，新型储能已成为构建新型电力系统的重要技术和基础装备，是实现碳达峰 碳中和目标的重要支撑，也是催生国内能源新业态、抢占国际战略新高地的重要领域，对构建清洁低 碳、安全高效的能源体系，贯彻落实国家能源战略具有重要意义。 我国新 型储能行业高速发展 过去5年， 我国新型储能行业高速发展， 截至2024年底累计装机量首次超越抽水蓄能，成为电力系统中 继火电之后的第二大灵活性调节资源。 我国新型储能行业发展呈现出以下几个特征。 一是新型储 ...

Group 1 - The core viewpoint of the article highlights the successful bid for a 100MW/200MWh energy storage project by China Electric Power Design Institute, indicating a growing trend in the energy storage sector [1] - The project utilizes lithium iron phosphate batteries, which are becoming increasingly popular due to their safety and efficiency [1] - The winning bid was priced at 27,164,000 yuan, translating to a unit price of 1.358 yuan/Wh, reflecting the competitive pricing in the energy storage market [1] Group 2 - In the first quarter, new energy storage projects added 5.03GW/11.79GWh of capacity, marking a significant development in the industry [2] - The April energy storage index observed a divergence in profitability, with leading companies demonstrating stronger risk resistance [2] - The "Energy Storage Industry Research White Paper 2025" predicts that by 2030, China's new energy storage market will exceed a cumulative installed capacity of 200GW, indicating robust growth potential [2]

Core Insights - Shandong Province's Energy Bureau has issued the "Shandong Province 2025 New Energy High-Level Consumption Action Plan," aiming to enhance new energy storage capacity and maintain high utilization rates of renewable energy [1][2] Group 1: New Energy Storage Initiatives - The plan includes the construction of 3 million kilowatts of new energy storage capacity this year, with a focus on improving the trading mechanism for storage [1] - It proposes to relax price limits in the spot market to widen the price difference between charging and discharging, allowing storage to participate in real-time energy markets and auxiliary service markets [1] - Existing renewable energy stations will continue to implement capacity leasing and fulfill storage responsibilities based on grid connection commitments [1] Group 2: Development of Storage Technologies - The plan emphasizes the acceleration of compressed air energy storage development, particularly in areas rich in salt rock resources, with an additional capacity of around 1 million kilowatts expected this year [1] - It also highlights the scientific layout of electrochemical energy storage, targeting areas with concentrated renewable energy and load centers, aiming for over 2 million kilowatts of new capacity [1] Group 3: Encouragement of New Technologies and Applications - The document encourages the application of new storage technologies such as gravity, sodium-ion batteries, flywheels, and supercapacitors, promoting diversified development of energy storage [2] - It supports integrated pilot projects for source-grid-load-storage systems and the large-scale application of distributed storage to enhance flexible adjustment capabilities [2] Group 4: Independent Storage Development - The plan supports the development of independent storage systems, ensuring compliance with national electricity pricing policies [2] - Independent storage systems sending electricity to the grid will not bear transmission and distribution prices for their corresponding charging amounts, but must adhere to regulations regarding significant discrepancies between charging and discharging amounts [2]

【文/观察者网 阮佳琪】 上周，欧洲伊比利亚半岛及周边地区发生近20年来最严重的大规模停电事件，西班牙、葡萄牙全境及法 国南部部分地区陷入黑暗，安道尔、比利时等国亦受波及，约有6000万人的生活受到直接影响。此次停 电引发了对欧洲电网韧性和能源政策的反思。 距离停电事件已过去近两周，西班牙、葡萄牙等相关方仍未公布事故原因调查结果。欧盟已经排除了网 络攻击的可能性。根据西班牙电网运营商REE的初步报告，此次大规模停电可能由电力供应的突然大幅 下降引发。 这份报告称，事故发生当天中午，西班牙电网在短短5秒内失去了15吉瓦的发电能力，相当于当时该国 全国电力需求的60%。供电的"断崖式"骤降，超出了欧洲电网设计的应对范围，进而触发西法之间的跨 境输电联络线跳闸断开，伊比利亚半岛电力系统因此与欧洲主网脱离同步。此后，西葡电网内部出现严 重供需失衡，继而发生电压崩溃，并导致全面停电。 4月28日，西班牙电力需求监测显示供电骤降。西班牙电力公司官网 西班牙和葡萄牙的电网高度一体化，通过少数跨境互联线路与法国相连，进而与欧洲其他地区相连。 《金融时报》报道指出，此次大规模停电，再度暴露了欧洲电网的脆弱性。 路透社也提到，西 ...

Group 1 - A large-scale power outage occurred in Spain and Portugal before May Day 2025, causing significant disruptions in transportation, healthcare, and social activities, attributed to aging equipment and insufficient energy storage [1] - China's electrochemical energy storage stations have rapidly developed, with a cumulative installed capacity of 73.76 million kilowatts/168 million kilowatt-hours by the end of 2024, expected to exceed 100 million kilowatts in 2025 [1] - The National Energy Administration and other authorities issued a notice to enhance safety management in electrochemical energy storage, focusing on improving battery system safety, project evaluation, and standardization [1] Group 2 - Safety is fundamental to the development of energy storage, with the insurance industry needing to innovate to meet the unique risks associated with new energy storage technologies [2] - In 2024, the National Financial Supervision Administration released guidelines to promote high-quality development of green insurance, emphasizing the integration of insurance services into energy risk management [2] Group 3 - Dinghe Insurance has developed a comprehensive insurance product matrix for energy storage, including various specialized insurance products since 2022, covering the entire lifecycle of energy storage systems [3][4] - Dinghe Insurance has provided nearly 25 billion yuan in total insurance coverage for over 560 electrochemical energy storage stations across the country [4] Group 4 - Dinghe Insurance has established itself as a leader in energy storage safety standards, collaborating with various organizations to publish influential research reports and risk assessment guidelines for the industry [5] - The company has created the first systematic innovation planning report for new power system insurance, providing strategic guidance for risk management in the energy sector [5] Group 5 - Dinghe Insurance has implemented advanced technologies for risk management in energy storage, including drone inspections and thermal imaging, to enhance safety and efficiency in energy production [6] - The company has been recognized for its achievements in energy storage insurance, receiving multiple awards for its contributions to the industry [6] Group 6 - Dinghe Insurance aims to deepen the application of its risk assessment guidelines and expand its integrated service platform to support the green development of the energy storage industry and ensure national energy security [7]

Core Viewpoint - Haibo Shichuang's first annual report post-IPO shows strong financial performance, indicating a promising future for the energy storage sector driven by renewable energy growth and supportive policies [1][2]. Financial Performance - In 2024, Haibo Shichuang achieved revenue of 8.27 billion yuan, a year-on-year increase of 18.44%, and a net profit of 648 million yuan, up 12.06%, with basic earnings per share at 4.86 yuan [1]. - The Q1 2025 report indicates revenue of 1.548 billion yuan, reflecting a 14.86% year-on-year growth [1]. Industry Growth and Trends - The National Energy Administration reported that in 2024, new renewable energy installations reached 373 million kilowatts, a 23% increase, accounting for 86% of new power installations [1]. - By the end of 2024, total renewable energy capacity in China reached 1.889 billion kilowatts, a 25% increase, with wind and solar power accounting for 1.408 billion kilowatts [1]. Storage Technology and Market Demand - The rise of renewable energy has increased the demand for energy storage solutions to address the intermittency and volatility of sources like wind and solar [1][4]. - Haibo Shichuang's storage systems are designed to mitigate issues such as "curtailment" of wind and solar power, enhancing the reliability and stability of the power system [4]. Strategic Initiatives - The company has launched a "Storage + X" strategy to explore new business models and applications across various sectors, including charging, oil fields, and data centers [4]. - Haibo Shichuang is expanding its manufacturing capabilities with new bases in regions like Gansu, aiming to support the growing demand for energy storage solutions [7]. Competitive Position - As of the end of 2024, Haibo Shichuang ranked first in the domestic energy storage system installation capacity, with a cumulative installed capacity of 73.76 million kilowatts [6][7]. - The company has established a comprehensive technology system from cell modeling to system integration, focusing on continuous innovation and R&D investment [7]. Future Outlook - The energy storage industry is expected to see significant growth opportunities, with a target of 30 million kilowatts of new storage capacity by 2025 as outlined in national policies [6]. - Haibo Shichuang aims to enhance its value management and collaborative innovation across the energy storage industry, contributing to a cleaner and more efficient energy system [8].

Investment Rating - The report maintains a "Buy" rating for GCL-Poly Energy (002015) with a target price of 9.18 CNY over the next six months, compared to the current price of 7.30 CNY [1]. Core Insights - The company experienced a significant decline in net profit in 2024, primarily due to asset impairment losses and reduced gains from equity disposals. However, the first quarter of 2025 showed a strong recovery in revenue and net profit, driven by increased income from distributed photovoltaic and energy storage projects, as well as lower fuel prices [8][9]. - GCL-Poly is focusing on optimizing its asset structure and enhancing its core combined heat and power business while expanding its renewable energy projects. As of Q1 2025, the total installed capacity was 5,978 MW, with renewable energy accounting for 58.23% of total generation capacity [8][9]. - The company is also deepening its energy service offerings, particularly in energy efficiency and trading services, with significant growth in distributed photovoltaic projects and virtual power plant services [8][9]. Financial Summary - For 2024, GCL-Poly reported revenues of 9,796.41 million CNY, a decrease of 3.42% year-on-year, and a net profit attributable to the parent company of 489.04 million CNY, down 46.20% year-on-year. The first quarter of 2025 saw revenues of 29.33 million CNY, up 21.49% year-on-year, and a net profit of 2.54 million CNY, up 35.15% year-on-year [3][8]. - The forecast for 2025-2027 indicates a recovery in net profit, with estimates of 823.36 million CNY in 2025, 962.18 million CNY in 2026, and 1,190.87 million CNY in 2027, corresponding to a dynamic PE of 14.4, 12.3, and 10.0 respectively [9][10]. - The company is expected to achieve a revenue growth rate of 1.07% in 2025, followed by 23.21% in 2026 and 26.35% in 2027, with a projected total revenue of 12,199.53 million CNY in 2026 and 15,413.77 million CNY in 2027 [3][9].

Group 1: Company Overview - The company operates in two main business segments: automotive parts and new energy storage [1] - The automotive parts segment includes the R&D, production, and sales of transmission and drive system products for passenger vehicles, commercial vehicles, and new energy vehicles [1] - The new energy storage segment focuses on power-side storage power stations, grid-side independent storage power stations, user-side storage power stations, and electricity trading [1] Group 2: Passenger Vehicle Transmission Business - In 2024, the company's direct export sales of passenger vehicle transmission products saw a significant year-on-year increase [2] - The company is actively developing overseas clients to sustain revenue growth from international markets [2] - There is a strong push for electric vehicle (EV) reducers and related products, contributing to increasing sales [2] Group 3: Commercial Vehicle Transmission Business - The light truck transmission business is expanding with a focus on both manual and electric products, including P2 and PS hybrid systems [2] - The heavy truck transmission business includes AMT automatic transmissions and pure electric drive systems, with production and sales expected to grow as client models are launched [2] Group 4: New Energy Storage Business - The company has operational independent storage power stations in Zhaoqing, Guangdong (100MW/200MWh) and Yiwu, Zhejiang (100MW/200MWh) [3] - These projects leverage the company's extensive experience in design, integration, construction, and operation within the energy storage sector [3] - New project developments are underway in Guangdong, Hainan, and Zhejiang provinces to further enhance the new energy storage business [3] Group 5: Robotics Components Business - A dedicated team for the industrialization of robotic reducers has been established to enhance product offerings [4] - The company is focusing on the development and integration of harmonic reducers and planetary reducers to improve market share [4]

Core Viewpoint - The Hebei Provincial Development and Reform Commission has initiated a call for applications for independent energy storage pilot projects utilizing diverse technological routes, aiming to promote the high-quality development of new energy storage systems [8][9]. Group 1: Project Overview - The pilot project aims to select a range of promising energy storage technologies, including gravity, sodium-ion, vanadium flow, hydrogen storage, solid-state batteries, and deep space energy storage [9]. - The total scale of the pilot projects is planned to be no more than 3.5 million kilowatts, with each city allowed to recommend no more than five projects [2][10]. Group 2: Application Requirements - Individual project capacity is generally set at 100,000 kilowatts, with a maximum of 200,000 kilowatts. For projects using "lithium iron phosphate + X" mixed storage technology, the lithium iron phosphate component must not exceed 90% [3][11]. - Project site selection must include a comprehensive safety risk assessment and maintain a safe distance from adjacent buildings and facilities, avoiding permanent farmland and protected ecological areas [4][11]. Group 3: Timeline and Responsibilities - Projects must commence construction within nine months and connect to the grid within 15 months. Failure to start construction on time will result in the cancellation of the project plan [5][11]. - The project implementation entity is responsible for adhering to the approved scale and timeline for construction [5][11]. Group 4: Application Process - Local energy authorities are tasked with organizing applications, prioritizing projects that support grid regulation and renewable energy consumption [12]. - The provincial development and reform commission will review applications, seek opinions from provincial grid companies, and conduct expert evaluations to determine the final list of pilot projects [12][13]. Group 5: Implementation and Safety - Local governments must ensure the smooth implementation of pilot projects, coordinating with various departments and addressing any challenges encountered during construction [14]. - Safety regulations must be integrated throughout the project lifecycle, with clear responsibilities assigned to ensure compliance with safety standards [14].

超薄电子铜箔指厚度≤12微米的铜箔材料，因其轻薄化特性被广泛应用于储能电池（如锂离子电池、钠 离子电池）及高速印刷电路板（PCB）领域。在储能场景中，超薄铜箔主要作为负极集流体，承担活性 物质载体与电子传输功能，其厚度直接影响电池的能量密度、成本及安全性。 从产品分类看，储能用超薄电子铜箔主要按厚度（常规8-12μm、主流6-8μm、高端≤6μm）、工艺（电 解法主导、压延法高端）、表面处理（光面降内阻、毛面强附着力）和应用场景（动力/储能/固态电池 差异化需求）分类，其中6-8μm电解铜箔凭借性价比主导储能市场，而极薄化（≤4.5μm）和复合集流体 成为技术突破方向，中国企业在中端市场优势明显，但高端产品仍面临日韩竞争。 内容概要：在"双碳"战略目标引领下，我国新型储能产业迎来爆发式增长，这一快速发展态势直接带动 储能电池用超薄电子铜箔需求激增。数据显示，2024年我国超薄电子铜箔总产能已突破25万吨，其中储 能专用铜箔产能占比达40%，约10万吨规模。随着新型电力系统建设加速推进，预计2025年中国储能电 池用铜箔需求量将超过40万吨。在市场前景方面，受益于下游需求放量和产品结构升级，预计2025年中 国 ...