Core Viewpoint - The article highlights recent advancements in the commercial energy storage sector, with four companies making significant progress in various international markets, indicating a growing trend in energy storage solutions [2]. Group 1: Company Developments - Sungrow Power has secured a 400MWh commercial energy storage order in Brazil, collaborating with Roca Group's subsidiaries MOBS and TCCOMC to deploy the systems over the next three years [3][5]. - Sanjing Electric has successfully installed the world's first CM2 smart outdoor energy storage cabinet in Belgium, which enhances the self-consumption ratio of solar energy to over 60% and allows for participation in electricity trading [6][8]. - Xiamen Xiangyu New Energy has shipped its first batch of network-type liquid-cooled energy storage cabinets to Pakistan, aimed at supporting the largest commercial energy storage project for a cement manufacturer [9][11]. - Desay Battery's 8.6MWh energy storage project in Hunan has successfully connected to the grid, utilizing self-developed battery cells and a health management system for enhanced safety and economic efficiency [12][14].

Core Viewpoint - The company, Xiangxin Technology, is leveraging its liquid cooling and direct cooling refrigerant technologies across various sectors, including power service servers, new energy vehicle batteries, and data centers [1] Group 1: Liquid Cooling Technology - The company supplies a range of liquid cooling products for new energy vehicle batteries, including liquid cooling plates and battery enclosures, to notable clients such as Guoxuan High-Tech and Yiwei Lithium Energy [1] - In May 2024, the company received a project development notification from a leading flying car manufacturer to supply battery enclosures and liquid cooling plates [1] - In October 2024, the company was awarded a project for wind and liquid cooling supercharging stations, with an expected sales total of RMB 300-400 million over a project lifecycle of 1-2 years [1] Group 2: Direct Cooling Refrigerant Technology - The company is actively promoting its direct cooling refrigerant technology to downstream clients and providing diversified solutions based on customer needs [1]

储能"新兵"开勒股份(301070)迎来重量级战略合作伙伴。 目前，虽然HVLS风扇业务仍占业务大头，但新业务有望逐步为开勒股份贡献增量。 开勒股份在接待投资者调研中曾多次强调了新业务的布局逻辑。在公司看来，既有的风扇业务在客户、 渠道、运维服务、品牌等多方面对工商业储能业务均具备协同效应。 公开资料显示，兰钧新能源为上海兰钧新能源科技有限公司全资子公司，后者控股股东为瑞浦兰钧， 系"镍王"青山控股旗下锂电资产的核心载体。 在开勒股份看来，公司作为工商业储能渠道开发和运营服务商，在客户资源、渠道、服务等方面具有优 势；而兰钧新能源掌握储能电池的材料制备、改性技术，在技术方面具有创新性和领先型，本次合作可 实现共赢。 开勒股份起步于HVLS风扇业务，在2019年之前营收、净利均保持逐年递增态势，但2020年以来盈利能 力开始下滑，倒逼企业转型，于是公司将目光瞄准了新能源赛道。 2021年，开勒股份从实控人卢小波等人手中收购开勒新能源100%股权，跨界光伏领域，主要从事分布 式光伏电站的投资、建设及运营；2022年6月，投资设立控股子公司安瑞哲能源(上海)有限公司（下 称"安瑞哲"），布局工商业储能业务；同年开勒 ...

Core Insights - The article highlights the recent developments in commercial energy storage projects across various regions in China, showcasing a total capacity of nearly 53 MWh [2] - The focus is on the deployment of advanced energy storage systems, particularly using lithium iron phosphate batteries and flow batteries, to optimize energy usage and reduce costs for high-energy-consuming enterprises [3][5] Group 1: Project Developments - HWOO has successfully implemented a 2.088 MWh energy storage project in Jiaxing, Zhejiang, utilizing 8 units of 261 kWh storage cabinets to optimize energy structure for a high-energy manufacturing enterprise [3][5] - Ganfeng Lithium has deployed 12 units of 261 kWh storage cabinets at Guangdong Xinghe Printing Co., marking a significant energy upgrade project [6] - In Chaozhou, 5 units of Ganfeng Lithium's 261 kWh storage cabinets have been installed at Tianze Hardware Products Factory, leading the way in large-scale energy storage applications in the hardware industry [7] Group 2: Government and Corporate Initiatives - Wanbang Digital Energy won a bid for 8 units of 261 kWh storage systems for a microgrid project in Jiangsu, with a total contract value of approximately 1.6 million yuan [9] - Yisite Group has successfully completed a commercial energy storage project in Taiwan, featuring a 125 kW/261 kWh storage system that meets local grid standards [10] Group 3: Large-Scale Projects - State Grid Sichuan Electric Power has successfully connected a 5 MW/10.03 MWh user-side energy storage project in Neijiang, which is expected to save over 40,000 yuan in electricity costs monthly [11][14] - Anjie Zhengdian has completed an 18.389 MWh user-side energy storage project in Hunan, integrating advanced battery management and monitoring systems for efficient operation [15][17] - Guorun Energy has connected a 1.25 MW/6 MWh all-vanadium flow battery storage project in Jiangsu, significantly reducing electricity costs for the enterprise [18][20] Group 4: Integration with Renewable Energy - The project in Anhui, involving a 5 MW/10 MWh energy storage system, will seamlessly integrate with a 12 MW rooftop solar installation, creating a smart energy usage model [22][25]

Core Viewpoint - The article highlights the rapid growth and potential of Maitian Energy, a subsidiary of Qingshan Group, which is set to become a major player in the global energy storage market, particularly in household storage systems, with a valuation exceeding 10 billion yuan [2][13]. Group 1: Company Overview - Maitian Energy, established less than six years ago, has quickly risen to prominence in the global energy storage sector, achieving a valuation of over 10 billion yuan [2]. - The company has a strong shareholder background, receiving initial funding from Qingshan Group's Yongqing Technology and attracting investments from notable institutions like State Power Investment Corporation and CITIC Securities [7][11]. - The company has focused on overseas markets, with 70% of its revenue coming from Europe, and has consistently maintained over 93% of its revenue from international sales in the past three years [7][8]. Group 2: Financial Performance - In 2024, Maitian Energy's revenue from Europe is projected to reach approximately 2.33 billion yuan, accounting for nearly 70% of total revenue [27][28]. - The company has seen significant growth in Asian markets, with revenue skyrocketing from 0.4 million yuan in 2022 to 46.53 million yuan in 2024, a tenfold increase [28]. - Over the past three years, Maitian Energy's overseas revenue has grown from 2.367 billion yuan to 3.297 billion yuan, marking a 39.29% increase [33]. Group 3: Market Position and Strategy - Maitian Energy has established itself as the second-largest supplier of household energy storage systems among Chinese companies, surpassing established players like GoodWe and Pylon Technologies [14][18]. - The company has a market share of approximately 6% in global household energy storage capacity and 13% in the European market, with significant shares in countries like the UK (37%) and Poland (25%) [18][20]. - The company has adopted a differentiated strategy by focusing on integrated energy storage products, which combine batteries and inverters, to enhance market competitiveness [29]. Group 4: Challenges and Risks - Maitian Energy faces challenges due to its heavy reliance on overseas markets and low R&D expenditure, which may hinder its ability to innovate and compete with giants like Huawei and Tesla [8][36]. - The company has experienced a significant increase in accounts receivable, which rose by 83.96% year-on-year, raising concerns about cash flow sustainability [42]. - The reliance on imported core components, such as IGBT and ICs, poses a risk if international trade conditions change, potentially impacting operational performance [42][43].

行家说储能 ▋ 安徽明美新能：2MWh工商储项目投运 日前，安徽明美新能为名美科技产业园打造的1MW/2MWh工商业储能示范项目正式落地投运，为大湾区产业园区能源管理提供了标杆样本。 近日，多个工商业储能项目迎来最新进展，其中多个为首个项目，在河北、安徽淮南等地实现零的突破。 其中，1个开工、7个并网，这些项目中最大单体规模为100MWh， 容量规模超218MWh 主要分布在安徽（3个）、广东（2个）、江苏、河北、山东等地，涉及弘正 储能、明美新能、远东储能、蜂巢能源、融和元储等储能相关企业。 ▋ 弘正储能：常州 20.06MWh工商储项目投运 近日，江苏省常州市新申达6.9MW/20.06MWh工商业储能项目顺利通过验收并正式投运。 项目采用" 4台弘正储能D-Ocean 5.016MWh液冷直流舱+4台逆变升压一体舱 "的核心配置，通过10kV高压并网接入厂区电网，并设置防逆流装置，在严守并网规范 的同时，阻断电力倒灌风险，保障厂区电网安全。 此外，项目将 深度融合削峰填谷、需量管理等多元能量调度策略与多时间尺度控制技术，同步集成智能预警与预测功能，实时解析负荷曲线、电价波动及设 备健康度等关键数据，动态 ...

Core Viewpoint - The article highlights the emergence of a golden period for commercial energy storage investment in Sichuan, driven by policy, market, and mechanism changes, with significant growth in user-side storage projects expected by 2025 [7][8]. Group 1: Project Developments - A large-scale user-side lithium battery storage project with a capacity of 428.48MWh has commenced in Sichuan, developed by Penghui Energy and Sichuan Zhongfu [3][5]. - The project aims to innovate energy efficiency in the electrolytic aluminum industry through a new technology that integrates photovoltaic systems with energy storage [5]. - The project is expected to be operational by November 30, 2025, with the first units planned to be operational by September 30, 2025 [5]. Group 2: Market Dynamics - Sichuan is experiencing a unique development path in energy storage due to its status as a hydropower-rich province, characterized by a "water surplus in wet seasons and electricity shortage in dry seasons" [7]. - The province has implemented policies such as demand charge reductions and time-of-use pricing to encourage energy storage adoption [7]. - As of May, over 200 user-side new energy storage projects have been registered in Sichuan, indicating a robust growth trajectory [7][8]. Group 3: Future Projections - User-side storage capacity in Sichuan is projected to grow at an annual rate of 150% from 2025 to 2026, potentially exceeding 500 billion yuan in the local energy storage industry [8]. - The article notes that the total capacity of various commercial storage projects in Sichuan has reached nearly 1GWh in 2023, with a significant increase compared to the previous year [2][8].

Group 1: BYD Energy - BYD Energy signed a strategic cooperation agreement with CCS Wuhan to promote green ship technology standards innovation [2][5] - The collaboration aims to establish a joint laboratory for battery-powered ships, focusing on safety research, technical innovation, and industry standards [5][4] - CCS Wuhan is a key research institution responsible for drafting China's new energy ship regulations and participating in global maritime rules [4] Group 2: BOE Energy - BOE Energy, Chengdu High-tech Development, and Sichuan Chuan Investment Energy signed a strategic cooperation agreement to develop commercial energy storage [6][7] - The initial focus will be on new electrochemical storage and virtual power plant projects in Sichuan, enhancing energy supply stability and reducing electricity costs [10] - The project aims to support the construction of a zero-carbon park in Chengdu and address peak electricity demand challenges [10]

Core Viewpoint - The energy storage industry is experiencing rapid growth, but companies are facing significant pressures due to market reforms, intensified competition, and rising operational costs [1] Group 1: Company Overview - Jiangsu Beiren initiated its commercial energy storage business in 2023, coinciding with a surge in the sector [2] - The company adopted an integrated business model encompassing product design, manufacturing, project development, asset holding, and operation [2] - Jiangsu Beiren's energy storage capacity reached a total of 4 GWh with two production lines [2] Group 2: Financial Performance - Revenue from Jiangsu Beiren's energy storage business for 2023 and 2024 was 11.79 million and 87.72 million yuan, respectively, indicating a year-on-year growth of 643.99% [4] - The breakdown of energy storage business revenue in 2024 shows that sales of energy storage systems accounted for 74.92%, while contract energy management contributed 25.08% [6] Group 3: Challenges Faced - Jiangsu Beiren identified several reasons for underperformance in energy storage, including overheating industry development, declining equipment prices, and increasing project costs due to evolving government standards [7] - The average price of commercial energy storage systems dropped significantly from approximately 1.10 yuan/Wh to around 0.65 yuan/Wh [7] - The company reported a drastic decline in gross margin from 34.62% in 2023 to 8.83% in 2024, a decrease of 25.79 percentage points [9] Group 4: Operational Issues - The company faced challenges in project profitability due to various risks, including customer and policy uncertainties, leading to a reduction in operational revenue [13] - Fixed costs as a percentage of total costs increased from 10.94% in 2023 to 28.57% in 2024 due to low capacity utilization of newly built production lines [13] - Jiangsu Beiren withdrew from 63 projects involving 191 energy storage devices, incurring a total expense of 7.83 million yuan, which was fully accounted for in 2024 [15]

Core Insights - The article highlights a significant decline in the newly installed capacity of new energy storage projects in China for June 2025, with a year-on-year decrease of 65% in capacity and 66% in energy storage volume, attributed to the impact of renewable energy "rush installation" [1] - Despite the negative growth in June, the second quarter of 2025 saw a year-on-year increase of 24% in newly installed capacity, reaching 12.61 GW and 30.82 GWh [1] Summary by Sections New Installations Overview - In June 2025, the newly installed capacity for user-side energy storage projects was 328.6 MW and 841.4 MWh, showing a year-on-year increase of 22% and 43%, respectively [4] - The overall trend indicates that user-side energy storage projects are increasingly dominated by commercial applications, with significant contributions from high-energy-consuming industries such as metallurgy and chemical manufacturing [6] Regional Distribution - Hunan province accounted for over 30% of the newly installed capacity, with significant contributions from Shandong, Anhui, and Zhejiang, which collectively represented nearly 55% of the new installations [10] - The tightening power supply-demand relationship in central and eastern regions has driven commercial users to seek energy storage solutions for power supply assurance and cost reduction [10] Market Dynamics - The article notes that the maximum peak-valley price difference in electricity has narrowed compared to the previous year, with only eight regions experiencing an increase, notably Shandong and Hunan [10] - The user-side energy storage market is expected to grow at a compound annual growth rate (CAGR) of 57.9% from 2023 to 2025, and 45.8% from 2025 to 2030 [15][17] Policy and Incentives - Several provinces, including Zhejiang and Anhui, have introduced demand-side response implementation plans that encourage user-side energy storage participation, offering various subsidy mechanisms [11][14] - The article emphasizes that favorable policies and market conditions are likely to foster the growth of the user-side energy storage market, particularly in regions like Anhui, which has seen a significant increase in new project registrations [14]