12月6日，内蒙古呼伦贝尔市唯一独立储能项目，阿荣旗100万千瓦/400万千瓦时构网型储能项目正式投运。 该项目于2025年6月底开工建设，总投资达25亿元，采用构网型储能核心技术与安全稳定性突出、循环寿命长的磷酸铁锂储能形式。储 能核心设备电池舱集成电池系统、电池管理系统、交直流配电控制系统、环境监控系统和消防系统五大核心模块，单舱储能容量达1.25 兆瓦/5兆瓦时，循环寿命超6000次，项目共建设800组电池舱以满足储能需求。 文 | 呼伦贝尔市人民政府 建设期间，项目团队攻坚克难，新建2条220千伏高压输电线路，直接接入500千伏阿荣旗站220千伏侧，成功构建起以"独立新型储 能"为核心，集电源调节、电网支撑、负荷响应于一体的一体化能源调节体系。 第十四届储能国际峰会暨展览会 ESIE 2026 时间： 2 0 26年4月1- 3日 地点： 北京·首都国际会展中心 黑启动技术作为构网型储能的核心优势，让项目具备了独树一帜的电网自愈能力。在电网完全崩溃的极端况下，该系统可作为独立"启 动电源"，率先建立电压与频率稳定的微电网，逐步恢复其他电源和负荷运行，实现电网系统自主自愈。同时，当电网发生故障时，构 网 ...

Core Viewpoint - The "Shagohuang" renewable energy export base in Hami, Xinjiang, is entering the final stage of full-capacity grid-connected power generation, with over 70% of its installed capacity coming from renewable sources [1][3]. Group 1: Project Overview - The "Shagohuang" renewable energy base covers an area of approximately 1,651 square kilometers and has a total installed capacity of 14.2 million kilowatts [3]. - The project employs a "wind-solar-thermal-storage integrated" model, allowing various energy and storage technologies to work together, ensuring stable energy supply [3][4]. - Once fully operational, the base is expected to deliver 36 billion kilowatt-hours of green electricity annually through the Hami-Chongqing ±800 kV UHV project [3]. Group 2: Resource Utilization - Hami has abundant land and renewable resources, with 66.57% of its 142,100 square kilometers being Gobi desert, providing ample space for large-scale renewable energy development [2]. - The region experiences nearly 200 days of wind speeds above level 8 and has annual sunshine hours ranging from 3,100 to 3,300, making it one of the sunniest areas in China [2]. Group 3: Energy Stability and Technology - The base features the largest "Shagohuang" grid-type energy storage system in the country, addressing challenges posed by extreme weather and the intermittent nature of renewable energy [4][5]. - The innovative grid-type energy storage system enhances the stability of the power grid by actively adjusting output in response to fluctuations, unlike traditional storage systems [5]. Group 4: Economic Efficiency - The project focuses on optimizing technology to improve power generation efficiency and reduce transmission losses, ultimately providing low-cost electricity [7]. - The integrated control system allows for real-time monitoring and optimal dispatch of both renewable and coal power, potentially increasing renewable energy absorption capacity by 3% [8][9]. - The construction of a medium-voltage direct current system reduces conversion losses and enhances stability, allowing for more efficient transmission of generated electricity [10]. Group 5: Water Resource Management - The project has implemented a centralized cooling tower system, significantly reducing water consumption by over 60% compared to traditional coal power plants [13].

Core Viewpoint - The establishment of the "Shagohuang" renewable energy base in Hami, Xinjiang, aims to leverage abundant wind and solar resources to enhance energy supply stability and promote clean energy transition in China [1][3]. Group 1: Project Overview - The "Shagohuang" renewable energy base is China's first renewable energy export base located in a desert area, with over 70% of its installed capacity coming from renewable sources [1][3]. - The project covers an area of approximately 1,651 square kilometers and has a total installed capacity of 14.2 million kilowatts [3]. - Upon completion, the project is expected to generate 14.2 billion kilowatt-hours of green electricity annually, saving 4.27 million tons of standard coal and reducing carbon dioxide emissions by 11.72 million tons [3]. Group 2: Resource Utilization - Hami has a vast land area of 142,100 square kilometers, with 94,600 square kilometers of desert, providing ample space for large-scale renewable energy development [2]. - The region experiences nearly 200 days of strong winds (over level 8) and has an annual sunshine duration of 3,100 to 3,300 hours, making it one of the sunniest areas in the country [2]. Group 3: Energy Integration and Stability - The project employs a "wind-solar-fire-storage integrated" model, allowing different energy sources to complement each other and ensure stable energy supply [3][5]. - The base features the largest "Shagohuang" grid-type energy storage system in the country, which enhances the stability of the power system by actively adjusting output in response to fluctuations [4][5]. Group 4: Economic Efficiency - The project focuses on optimizing technology to enhance power generation efficiency and reduce transmission losses, ultimately providing low-cost electricity [8]. - The integrated control room for coal and renewable energy projects allows for real-time optimization of energy dispatch, potentially increasing renewable energy absorption capacity by 3% [9][10]. - The implementation of a medium-voltage direct current system for solar power reduces conversion losses and enhances stability [11]. Group 5: Water Resource Management - The project has integrated cooling systems to reduce water consumption, achieving a water usage rate of 0.13 cubic meters per megawatt-hour, which is over 60% more efficient than traditional methods [13]. Group 6: Future Implications - The continuous optimization of technology at the base not only supports the "Jiangdian into Yu" initiative but also provides a replicable model for future "Shagohuang" renewable energy projects and the construction of new power systems in China [14].

Core Viewpoint - The Xinjiang Tianshan North Gobi Energy Base is China's first "desert-gobi-wasteland" renewable energy export base, with over 70% of its installed capacity coming from renewable sources, and is nearing full capacity grid-connected power generation [2][6]. Group 1: Project Overview - The Xinjiang Tianshan North Gobi Energy Base covers an area of approximately 1,651 square kilometers and has a total installed capacity of 14.2 million kilowatts [6]. - The project employs a "wind-solar-fire-storage integrated" model, allowing for the coordination of various energy and storage technologies to ensure stable energy supply [6][9]. - Once fully operational, the base is expected to deliver 36 billion kilowatt-hours of green electricity annually through the Hami-Chongqing ±800 kV UHV project [6]. Group 2: Resource Utilization - Hami, where the base is located, has abundant land resources, with 66.57% of its 142,100 square kilometers being Gobi desert, providing excellent conditions for large-scale renewable energy development [3]. - The region experiences nearly 200 days of wind speeds above level 8 annually and has 3,100 to 3,300 hours of sunshine per year, making it one of the sunniest areas in the country [3]. Group 3: Energy Stability and Flexibility - The base features the largest "Gobi" grid-type energy storage system in the country, which is crucial for maintaining the stability of the power system in the face of extreme weather and the intermittent nature of renewable energy [7][8]. - The coal power units associated with the base are designed to operate flexibly, with a minimum output capacity of 20%, allowing them to adjust their output based on the availability of renewable energy [9]. Group 4: Economic Efficiency - The project focuses on optimizing technology to enhance the economic efficiency of power generation and transmission [10]. - The integrated control room for coal and renewable energy projects allows for real-time adjustments to optimize the mix of energy sources based on demand, potentially increasing renewable energy absorption by 3% [12][13]. - The base has implemented a mid-voltage direct current system to reduce transmission losses and improve stability by minimizing conversion processes [13]. Group 5: Water Resource Management - The coal power project has integrated cooling systems to reduce water consumption, achieving a water usage rate of 0.13 cubic meters per megawatt-hour, which is over 60% more efficient than traditional systems [15].

Core Viewpoint - The establishment of the "Shagohuang" renewable energy base in Hami, Xinjiang, aims to leverage the region's abundant wind and solar resources to facilitate the "Jiangdian into Yu" project, with over 70% of the energy capacity coming from renewable sources [1][3]. Group 1: Resource Utilization - The Hami region has a vast land area of 142,100 square kilometers, with 94,600 square kilometers of desert, providing ample space for large-scale renewable energy development [2]. - Hami experiences nearly 200 days of wind speeds exceeding level 8 annually and has an annual sunshine duration of 3,100 to 3,300 hours, making it one of the sunniest areas in the country [2]. Group 2: Project Specifications - The Xinjiang Tianshan North Gobi Energy Base covers approximately 1,651 square kilometers and has a total installed capacity of 14.2 million kilowatts [3]. - The project employs a "wind-solar-fire-heat-storage integrated" model, allowing for the complementary operation of various energy sources and storage technologies [3]. Group 3: Environmental Impact - Upon completion, the project is expected to generate an additional 14.2 billion kilowatt-hours of green electricity annually, saving 4.27 million tons of standard coal and reducing carbon dioxide emissions by 11.72 million tons [3]. Group 4: Energy Stability - The base features the largest "Shagohuang" grid-type energy storage system in the country, which is crucial for ensuring the safe and stable operation of the power system [4]. - The grid-type energy storage system enhances the ability to manage fluctuations in renewable energy generation, addressing challenges posed by extreme weather and the intermittent nature of renewable sources [5][6]. Group 5: Economic Efficiency - The project focuses on optimizing technology to improve the efficiency of electricity generation and transmission, thereby reducing losses and providing low-cost electricity [8]. - The integrated control room for coal and renewable energy projects allows for real-time adjustments to optimize the mix of energy sources based on demand, potentially increasing renewable energy absorption capacity by 3% [9][10]. Group 6: Water Resource Management - The project has implemented a combined cooling tower system, reducing water consumption to 0.13 cubic meters per megawatt-hour, achieving over 60% water savings [13]. - Continuous technological upgrades have led to improved coal consumption rates and higher steam pressures, contributing to the stability of green power supply for the "Jiangdian into Yu" initiative [14].

Investment Rating - The report maintains a "Strong Buy" rating for the industry, indicating a positive outlook for investment opportunities [1]. Core Insights - The report highlights the expansion of floating offshore wind enterprises and the implementation of mandatory grid connection capabilities for large-scale energy storage in Europe, signaling a shift towards more advanced renewable energy technologies [5][6]. Summary by Sections Wind Power - Recent developments include the commencement of the deep-sea mooring equipment project by Yaxing Anchor Chain, which indicates accelerated commercialization of floating offshore wind [5][10]. - The domestic floating wind turbine prototypes have transitioned to capacities of 20MW and above, with notable projects from State Power Investment Corporation and Mingyang Smart Energy [5][10]. - The UK government has allocated £180 million for floating offshore wind projects, suggesting a robust international market for floating wind technology [5][10]. - The wind power index fell by 6.88%, underperforming the CSI 300 index by 3.11 percentage points, with a current PE_TTM valuation of approximately 24.12 times [4][11]. Photovoltaics - Longi Green Energy has signed an investment agreement for a green methanol project, aiming for completion by Q3 2027, which is expected to diversify its revenue streams amid competitive pressures in the photovoltaic sector [5][6]. - The photovoltaic equipment index decreased by 12.26%, with the current PE_TTM valuation around 44.19 times, reflecting ongoing challenges in the market [4][11]. Energy Storage & Hydrogen - The European Network of Transmission System Operators for Electricity (ENTSO-E) has mandated that large-scale battery storage systems over 1MW must have grid connection capabilities, addressing the declining inertia in the grid due to increased renewable energy penetration [6][10]. - The energy storage index dropped by 11.6%, with a PE_TTM of 29.85 times, while the hydrogen index decreased by 8.24%, with a PE_TTM of 33.36 times [4][11]. - Chinese energy storage companies have secured over 40GWh of orders in Europe, indicating a strong market presence and technological advantage [6][10]. Investment Recommendations - For wind power, companies like Goldwind Technology, Mingyang Smart Energy, and Yunda Co. are recommended due to their stable pricing and expansion into overseas markets [6]. - In photovoltaics, companies such as Dier Laser, Aiko Solar, and Longi Green Energy are highlighted for their potential amidst structural opportunities [6]. - In energy storage, Sunshine Power and Haibo Technology are recommended for their competitive advantages in the global market [6].

Core Viewpoint - The energy storage sector is experiencing significant market divergence, with a recent net outflow of nearly 7 billion yuan, indicating short-term profit-taking by some investors. However, the underlying logic supporting energy storage remains strong and is expected to continue in the long term [1][2][3]. Market Dynamics - The current divergence in the energy storage market is primarily due to the balance between short-term trading congestion and the long-term high growth potential. Recent data shows a net outflow of 6.725 billion yuan from the energy storage sector and 5.049 billion yuan from the lithium battery sector on November 19 [2]. - The energy storage sector's congestion is nearing historical highs, suggesting that any market fluctuations could lead to increased volatility [1][2]. Long-term Growth Drivers - Global energy storage demand is projected to remain high, with significant growth rates expected in various regions by 2026: Europe (40%), the US (45%), and the Middle East (100%). The overall global growth rate for large-scale energy storage is anticipated to reach 54% [3]. - In China, the transition towards renewable energy has surpassed traditional coal power generation, leading to increased pressure on energy consumption. This shift indicates a transformation in the power system, where energy storage is becoming a crucial component [3]. Technological Advancements - The development of grid-friendly energy storage technologies is essential for enhancing grid stability and increasing the penetration of renewable energy sources. Configuring a certain proportion of grid-friendly storage systems can improve renewable energy penetration rates by 15% to 20% [4]. - The investment value of Power Conversion Systems (PCS) is highlighted, as they play a critical role in connecting energy storage batteries to the grid and ensuring stable energy management [4]. Investment Opportunities - Companies leading in the PCS market are expected to maintain a dominant position due to their brand and distribution advantages. Notable companies include Sungrow Power Supply, Kehua Data, and Sungrow Electric [4]. - Firms that are well-positioned in the domestic large-scale storage market and can capitalize on independent storage growth opportunities are also highlighted, such as Haibosichuang [4]. - Companies with strong global competitiveness in large-scale storage, particularly those expanding into emerging markets like Europe and the Middle East, are recommended for investment consideration [4].

Core Viewpoint - Envision Technology Group has launched the world's largest AI power system, the Galileo AI Energy Storage System, which provides a "stable foundation" for high-proportion renewable energy power systems through the collaboration of grid and trading intelligent agents [3][5]. Group 1: Technological Breakthroughs - The Galileo AI Energy Storage System integrates grid and trading intelligent agents, supported by the "Envision Tianji" meteorological model and "Envision Tianshu" energy model, enabling millisecond-level responses to maintain stability in independent "renewable energy oases" [5][6]. - The technology, termed "physical artificial intelligence," merges physical laws with data intelligence, aiming to reconstruct future energy systems [5][9]. Group 2: Industry Transformation - The transition from "supporting the grid" to "building the grid" is a significant leap for grid-type energy storage, which is crucial for addressing stability issues and unlocking new spaces for large-scale renewable energy development [6][11]. - The integration of "wind, solar, and hydrogen" in the largest green hydrogen project in Chifeng exemplifies the value of grid-type energy storage, creating a new industrial paradigm [6][11]. Group 3: AI and Economic Impact - The core of the Galileo AI Energy Storage lies in the collaboration between the grid intelligent agent, which provides stability support, and the trading intelligent agent, which facilitates automated electricity trading [7][9]. - Future energy companies will shift their core competitiveness from installed capacity to the depth of "artificial intelligence assets," emphasizing the intelligence of large models and computational power [9]. Group 4: Global Adoption and Future Outlook - Grid-type energy storage technology is rapidly being implemented globally, from Inner Mongolia in China to international markets like Spain and Italy, promoting the large-scale replication of the "wind-solar-hydrogen" integrated model [10][11]. - As the demand for direct green electricity continues to grow, grid-type energy storage will play a critical role in various industrial scenarios, transitioning the energy system from a "guarantee type" to a "value type" [11].

Core Viewpoint - The successful "black start" test of the gas turbine units at Huadian Qingdao Company marks a significant advancement in the integration of energy storage technology with gas turbine systems, enhancing the reliability and stability of the regional power grid [2][4]. Group 1: Project Overview - On November 4, Huadian Qingdao Company completed the "black start" functionality test for two 9F gas turbine units using a semi-solid battery energy storage system with a capacity of 15.6 MW and 31.3 MWh [2]. - The project simulates a large-scale power outage, allowing the gas turbine units to utilize the energy storage system to supply auxiliary power, ensuring stability in voltage and frequency during startup [2][4]. Group 2: Future Developments - Following the completion of the electric boiler project, the two gas-steam combined cycle units will serve as "fire sources" for initiating four additional 300 MW subcritical coal-fired units, establishing Qingdao Power Plant as a black start power base with a total installed capacity of 2281.08 MW [4]. - The project is crucial for enhancing the resilience of the power grid, especially in light of increasing risks of large-scale power outages due to environmental factors and structural vulnerabilities in the power system [4]. Group 3: Industry Context - The project aligns with national and provincial initiatives aimed at strengthening local power grid construction and enhancing the safety and reliability of electricity supply [4]. - The integration of new energy storage technologies is emphasized in the recent guidelines issued by the National Energy Administration and the Shandong Provincial Energy Bureau [4].

Core Insights - The energy storage system bidding scale in October reached 3.2GW/12.6GWh, showing a year-on-year increase of 56.6% in power and 116.8% in energy, but a month-on-month decrease of 39.6% in power and 37.9% in energy [2][4] - The EPC (including PC) bidding scale was 6.0GW/15.1GWh, with a year-on-year increase of 58.4% in power and 43.5% in energy, but a month-on-month decrease of 32.3% in power and 35.5% in energy [2][4] - The decline in bidding scale is attributed to the seasonal adjustment in the bidding market as project construction progresses towards the end of the year [4] Bidding Scale - The energy storage system bidding scale in October continued its downward trend, with a significant year-on-year increase but a month-on-month decline [3] - The total number of bidding segments tracked was 157, which is a decrease of 4.8% year-on-year and 31.4% month-on-month [2] Regional Distribution - Ningxia led the national EPC bidding scale in October with 3.46GWh, primarily due to multiple projects in the Zhongwei area [7] - Xinjiang ranked among the top three in national EPC bidding scale for six consecutive months, with a focus on grid-structured projects [8] - Henan's EPC bidding scale reached 1.8GWh, with over 50% from user-side projects [8] Bidding Prices - The average bidding price for 2-hour energy storage systems was 576.7 yuan/kWh, showing a slight year-on-year decrease of 0.3% and a month-on-month decrease of 2.3% [12] - The average bidding price for 4-hour energy storage systems increased by 45.9% month-on-month, primarily due to several grid-structured projects [12] - The average bidding price for EPC projects was 1061.9 yuan/kWh for 2-hour systems, reflecting a year-on-year increase of 13.3% but a month-on-month decrease of 2.5% [15]