Core Insights - The article highlights a decline in the scale of energy storage EPC (Engineering, Procurement, and Construction) bidding in October, attributed to the construction cycle of energy storage projects, while the energy scale of storage system bidding has shown a slight increase, indicating solid market demand [2][5]. Bidding Scale and Trends - In October, the total number of energy storage bidding segments tracked was 175, reflecting a year-on-year decrease of 28.6% and a month-on-month decrease of 34.0%. The total bidding scale for storage systems was 2.9GW/11.2GWh, down 21.0%/11.3% year-on-year but up 15.4% month-on-month [3][5]. - The EPC bidding scale reached 5.1GW/14.2GWh, showing a year-on-year decline of 11.3%/7.8% and a month-on-month drop of 60.9%/58.3% [3][5]. Technical and Market Trends - Long-duration energy storage and grid-connecting technologies are the most significant trends in the current market, with multiple projects requiring 4 hours or more of storage capacity, reflecting a growing demand for long-duration regulation capabilities [2][5]. - In regions rich in renewable energy, such as Xinjiang, grid-connecting storage has become a key technology choice for new projects, enhancing grid stability [2]. Regional Insights - Xinjiang has emerged as the dominant region for EPC bidding, with a scale of 4GWh in October, primarily due to multiple GWh projects in the Aksu area [11]. - The Ningxia region also showed significant EPC bidding activity, with a scale of 2.4GWh, where user-side projects accounted for over 50% [11]. Participants and Market Dynamics - The number of bidding entities for storage systems was 66, down 7.0% year-on-year, while EPC bidding entities totaled 87, down 25.6% year-on-year [13]. - Major players include China Power Construction Group and local energy companies, with increasing participation from private enterprises, contributing to a more diverse market landscape [13].

Core Viewpoint - Compressed air energy storage (CAES) is experiencing a new wave of investment and development, driven by increasing demand for long-duration energy storage solutions and supportive government policies [6][14][20]. Investment Projects - Yunnan Energy Investment announced an investment of 1.872 billion yuan to build a 350MW CAES demonstration project in Kunming, which is expected to have a post-tax internal rate of return of 5.5% and a payback period of 17.91 years [6][10][20]. - The project will utilize retired salt caverns for energy storage and is expected to enhance grid stability and accommodate large-scale renewable energy integration in Yunnan [10][12]. National Trends - There is a nationwide trend of increasing CAES projects, with several large-scale projects entering implementation phases in October alone, indicating a growing interest in this technology [8][12]. - By the end of 2024, the newly signed CAES projects in China are expected to reach a scale of 6.8GW, representing a year-on-year growth of 21% [12]. Market Demand - The demand for long-duration energy storage is rising, as evidenced by the average storage duration of new energy storage projects increasing from 2.3 hours to 2.6 hours [14][16]. - The National Energy Administration's "Blue Book" outlines a strategic focus on long-duration storage technologies, including CAES, to meet future energy system balancing needs [14][16]. Economic Viability - The economic viability of CAES has improved significantly, with Yunnan Energy Investment's project demonstrating commercial investment potential [19][20]. - Comparatively, the internal rate of return for CAES projects is becoming competitive with other storage technologies, such as pumped hydro storage [19][20]. Geographical Considerations - The geographical limitations for CAES development, primarily the need for suitable storage sites, are being addressed through technological advancements [21]. - Recent innovations include the use of abandoned oil and gas fields for CAES, which could further enhance the commercial viability of this technology [21].

Core Viewpoint - Xiamen Haicheng Energy Storage Technology Co., Ltd. has signed a strategic cooperation agreement with El-Mor Renewable Energy, one of Israel's largest EPC contractors, to deploy a long-duration energy storage system project totaling 1.5GWh in Israel [1][2]. Group 1: Project Details - The collaboration involves the use of Haicheng's self-developed ∞Power 6.25MWh 4h energy storage system, with El-Mor responsible for designing and constructing the energy storage systems and related infrastructure [2][3]. - The total scale of the project is 300MW/1.5GWh, including a landmark facility in RAMAT BEKA, which will be the largest photovoltaic + battery storage system project in the region [3]. Group 2: Market Position and Orders - This project marks Haicheng's first significant overseas deployment of its long-duration energy storage solutions, with the company having secured multiple orders, totaling over 25GWh in Europe by the second half of 2025, of which 70% are long-duration storage projects [6]. - As of 2025, Haicheng's cumulative total order scale exceeds 44.5GWh [7]. Group 3: Industry Context - The energy storage industry is at a critical technological iteration point, with long-duration storage becoming essential for grid stability as renewable energy generation increases [7]. - It is widely recognized that when renewable energy generation exceeds 20%, long-duration storage of over 4 hours becomes a necessity, and when it reaches 50%-80%, storage duration needs to extend beyond 10 hours [7]. Group 4: Technological Advancements - Haicheng has proactively positioned itself in the long-duration lithium battery storage sector since 2022, launching the world's first long-duration storage-specific battery with a capacity of 1175Ah [7]. - The company has developed core technologies for long-duration storage, covering the entire supply chain from materials to battery cells and systems, becoming the first globally to achieve mass production of large cells for long-duration lithium battery storage [7]. Group 5: Manufacturing Capacity - Haicheng has invested over 13 billion yuan to establish the world's first zero-carbon long-duration energy storage industrial park in Heze, Shandong, with an annual production capacity of 30GWh for energy storage batteries and 20GWh for energy storage systems [8]. - The facility will utilize Haicheng's fifth-generation intelligent production line, with a single line capacity exceeding 10GWh, providing strong support for the development of long-duration energy storage [8].

倒计时1天 此次合作中，El-Mor将为多个项目设计并建造储能系统及相关基础设施，总规模达300MW /1.5GWh。其中包括多个标志性设施，如位于 RAMAT BEKA的1GWh光伏+电池储能系统项目是该地区规模最大的同类工程项目，将为区域电网灵活性树立新标杆。 海辰储能将提供自主研发的∞Power 6.25MWh 4h储能系统，该系统是其交直流一站式解决方案"能源设备套件（EEP）"的一部分。该EPP 将电池集装箱、PCS、中压变压器、中压开关设备及能源管理系统（PPC）整合至统一平台，并涵盖能源功率选型、并网建模、保护协调及 消防等维度。该项目是海辰储能长时储能方案在海外部署的首个重大标志性工程。 海辰储能以色列高级销售总监Steven Song表示："以色列乃至整个中东地区正处于能源转型的关键节点。此次与El-Mor达成战略合作，我 们将提供长时储能解决方案，为以色列新能源并网与电网稳定运行提供有力支撑，共同打造更清洁、可持续的未来电力系统。 El-Mor董事长Avi Elkayam表示："我们很荣幸能与海辰储能携手推进以色列向可持续且具有韧性的能源系统转型。海辰储能的∞Power 6.25MWh解决 ...

Core Insights - The Qinghai Yichu Geermu 350 MW tower solar thermal power project marks a significant advancement in solar thermal technology, featuring the world's largest single-unit scale, mirror field area, energy storage capacity, and annual designed power generation [1][2][19] - Solar thermal power is increasingly recognized as a crucial component of China's new energy system, aligning with national "dual carbon" goals and energy security strategies [3][19] Project Overview - The project will utilize innovative "three towers + three mirror fields + distributed energy storage" layout, addressing cost efficiency challenges in traditional solar thermal power plants [2][19] - It is expected to generate approximately 960 million kWh of clean electricity annually, sufficient to power 200,000 households [1] Technology and Advantages - Solar thermal power offers long-duration energy storage and flexible regulation, making it a stable and controllable renewable energy source compared to photovoltaic systems [3][5] - The energy storage system at the Geermu project can support continuous full-load power generation for 14 hours without sunlight, a scale difficult to achieve with most current electrochemical storage systems [5] Industry Development - The development of solar thermal power in China has been significantly driven by central enterprises, which have led technological advancements and commercial demonstrations since 2010 [6][9] - Major projects include the 150 MW Noor III in Morocco and the 50 MW Qinghai Gonghe project, showcasing the successful application of solar thermal technology [9][10] Future Outlook - The solar thermal power industry is expected to evolve towards higher efficiency, broader applications, and deeper industrial collaboration, with a target cost of 0.4 CNY per kWh by 2035 [14][17] - The technology is anticipated to expand beyond electricity generation to include industrial heating and hydrogen production, enhancing its role in decarbonization efforts [15][19]

Company Overview - Xiamen Hichain Energy Technology Co., Ltd. submitted an updated IPO application in Hong Kong, indicating strong growth momentum expected to continue into 2025 [2] - The company achieved revenue of 6.97 billion yuan (approximately 980 million USD) in the first half of the year, a year-on-year increase of 224.6% [2] - Gross profit surged over tenfold to 916 million yuan [2] Business Model and Market Position - Founded in 2019, the company is one of the leading manufacturers of energy storage systems (ESS) and complete equipment globally [2] - Hichain Energy offers customized energy storage products and solutions for diverse application scenarios, covering the entire industry chain from energy storage cells to integrated energy storage systems and end-to-end solutions [2] - The company is positioned to benefit from the explosive growth in energy storage demand and is the first Chinese enterprise to produce energy storage systems in the U.S. [2] Financial Performance - The company has achieved adjusted profitability since last year, with an adjusted net profit of 247 million yuan in the first half of this year, rapidly moving towards a positive net profit for the full year [2] Competitive Advantage - Hichain Energy has established a significant competitive edge through differentiated technology, particularly in the long-duration energy storage sector, where it holds a substantial lead [2] - The company emphasizes that it is the first globally to launch energy storage batteries with a capacity exceeding 1,000 ampere-hours [2] - Its large-scale production includes energy storage cells of 587 ampere-hours and 1,175 ampere-hours, forming a product matrix suitable for power and commercial scenarios [2] - Hichain Energy is also the first in the industry to achieve mass production of 314 ampere-hour energy storage batteries [2]

Core Viewpoint - Long-duration energy storage is crucial for addressing the intermittency of renewable energy and ensuring energy security, especially in the context of China's "dual carbon" goals and the construction of a new power system [2][12][29] Group 1: Event Overview - The event titled "Exploring Huairou Science City: In-depth Exchange on Long-duration Energy Storage Technology Innovation and Industrial Application" was successfully held, gathering nearly 80 guests from research institutions and representative enterprises [2] - The event was co-hosted by the Huairou District Science and Technology Committee, the Zhongguancun Energy Storage Industry Technology Alliance, and the Beijing Huairou Science City Construction Development Co., Ltd. [2] Group 2: Key Insights from Leaders - Chen Haisheng, Director of the Institute of Engineering Thermophysics at the Chinese Academy of Sciences, emphasized the need for breakthroughs in core material performance and system integration costs in long-duration energy storage technologies [12] - Lan Xiongjing, Deputy Director of the Huairou Science City Management Committee, highlighted the achievements of Huairou Science City, which has produced 386 major scientific and technological results and is accelerating the cultivation of emerging industries such as new energy and new materials [14] - Wang Tianyi, Deputy Director of the Huairou District Science and Technology Committee, provided insights into the region's support for technological innovation and industrial integration [15] Group 3: Technical Reports - Zhou Xuezhi, a senior engineer at the Institute of Engineering Thermophysics, discussed the urgent need for long-duration energy storage solutions as renewable energy usage increases, analyzing various technologies like pumped storage, compressed air, and flow batteries [19] - Tong Lige, Secretary-General of the CNESA Thermal Energy Storage Professional Committee, reported on the rapid growth of thermal energy storage in China, with new installed capacity and power exceeding 5 GW and 26 GWh respectively over the past decade, and a projected 375% year-on-year increase in new installed capacity for 2024 [21] - Zhang Hui, Vice President of the China Datang Group Science and Technology Research Institute, shared the company's achievements in long-duration energy storage projects, with a total installed capacity of 3.597 GW and 8.666 GWh by September 2025 [23] Group 4: Collaborative Discussions - The discussion session focused on key issues such as core technology bottlenecks, policy support for the industry, application scenario expansion, and models for industry-academia-research collaboration [25] - Participants engaged in lively discussions on topics including the construction of compressed air storage projects, the application of flow battery technology, and the economic viability of thermal energy storage [25] Group 5: Future Directions - The successful hosting of this salon not only established an efficient platform for connecting research and industry but also fostered a consensus on the core directions for innovation and industrial development in long-duration energy storage [29] - The organizers aim to leverage the strategic scientific strengths of Huairou Science City to promote further technological breakthroughs, result transformation, and industrial cooperation, supporting the high-quality development of the long-duration energy storage industry [29]

Core Insights - Vast Renewables successfully raised $3.5 million through convertible bond placement to support its Augusta Port green energy center and international project development [1][2] - The flagship project, Vast Solar 1 (VS1), is a 30MW solar thermal power plant utilizing proprietary CSP 3.0 technology, aiming for final investment decision by the end of 2025 [2][4] - The project has received significant funding support from the Australian government, totaling AUD 290 million, with AUD 180 million from ARENA [2][4] Group 1 - The financing reflects market recognition of Vast's differentiated CSP technology and its commercial maturity [2] - VS1 will feature a 10-hour thermal energy storage capability, addressing the intermittency issues of traditional renewable energy sources [2][4] - The Augusta Port green energy center will also include a 140MW/2h lithium-ion battery project, enhancing grid stability and responsiveness [4] Group 2 - The company plans to hold its annual general meeting on November 14, 2025, to review progress and share future development plans [4] - The successful financing indicates global capital market confidence in clean power and long-duration storage sectors amid energy transition [4] - CSP 3.0 technology offers scalable modular design and improved thermal efficiency, catering to diverse energy needs and supporting decarbonization in hard-to-abate sectors [6][7]

Group 1 - The global energy transition towards "carbon neutrality" is accelerating, with cumulative installed capacity of wind and solar energy increasing from 645 GW in 2015 to 3,383 GW in 2024, a growth of 424.50% [2] - The share of wind and solar energy in global installed capacity rose from 10.3% in 2015 to 31% in 2023, with projections indicating that total installed capacity could exceed 4,000 GW by 2025 [2] - The cost of electricity generated from solar and wind has become significantly more competitive compared to coal and gas, driving the large-scale adoption of renewable energy [2] Group 2 - The challenge of energy consumption and storage is becoming a critical issue as renewable energy sources like wind and solar gain prominence, with energy storage seen as a key solution [3][4] - Current storage technologies, particularly long-duration storage, are insufficient, with the average storage duration in China being only 2.2 hours, while 4-hour and above storage systems account for only 15.4% of installed capacity [4] - Policies have been introduced to promote the development and application of long-duration storage technologies, including requirements for renewable energy projects to incorporate 4-hour storage capabilities [4][5] Group 3 - The National Energy Administration has set ambitious targets for new energy systems, aiming for a new storage capacity of over 180 million kW by 2027, with direct investments of approximately 250 billion yuan [5] - The action plan emphasizes the need for technological breakthroughs in long-duration storage to address the intermittency of wind and solar energy [5][6] - The demand for long-duration storage is expected to grow significantly, with projections indicating that by 2030, long-duration storage could account for 20% of total new storage capacity in China [9] Group 4 - The average storage duration in the U.S. is 3.3 hours, while in China it is 2.1 hours, highlighting the varying stages of development in different regions [14] - The International Long-Duration Energy Storage Council predicts that long-duration storage will become the most cost-effective flexibility solution as renewable energy penetration increases [14] - Various storage technologies, including hydrogen storage, pumped hydro, compressed air, and liquid flow batteries, are being explored for their suitability in long-duration applications [16][17] Group 5 - Initial investment costs for different storage technologies vary significantly, with lithium-ion batteries being the most cost-effective at 500 yuan/kWh, followed by compressed air at 1,250 yuan/kWh, and liquid flow batteries at 2,000 yuan/kWh [20][21] - The levelized cost of electricity (LCOE) for lithium-ion batteries is competitive with compressed air storage, indicating a shift in market dynamics [20][21] - As renewable energy generation increases, the limitations of 4-hour storage will necessitate the adoption of longer-duration storage solutions, with liquid flow batteries and compressed air storage expected to play a significant role [22][23]

Core Insights - The article highlights a significant growth in the energy storage market, particularly in the source-network side, with a year-on-year increase of over 180% in September, and independent storage capacity rising nearly 340% [3][4]. Group 1: Market Overview - In September 2025, the newly installed capacity of energy storage projects reached 3.08 GW/9.08 GWh, marking a year-on-year increase of 166%/200% and a month-on-month increase of 7%/15% [4]. - The total installed capacity for the first three quarters of 2025 reached 9.16 GW/25.52 GWh, which is 74% of the total installed capacity for the entire previous year, indicating that 2025 is on track to exceed last year's figures [5]. Group 2: Source-Network Side Analysis - In September, the source-network side added 2.84 GW/8.50 GWh, with year-on-year growth of 189%/226% and month-on-month growth of 15%/21% [7]. - Independent storage accounted for over 80% of the new installations, with a capacity of 2.31 GW/6.73 GWh, reflecting a year-on-year increase of 340%/576% [8]. - The East China region contributed over 35% of the new installations, with Jiangsu province leading in capacity, where independent storage made up 99% of the new installations [11]. Group 3: Investment Trends - The market is witnessing a diversification of investment entities, with major state-owned power groups maintaining a leading position but experiencing a 10 percentage point decrease in market share compared to August [15][16]. - Third-party enterprises, including lithium battery manufacturers and private equity firms, accounted for nearly 40% of the new installed capacity, a significant increase of 28 percentage points from August [16]. Group 4: Technological Developments - Long-duration energy storage technologies are rapidly being implemented, with compressed air storage projects making up a quarter of the new installations in September [18]. - A mixed storage facility integrating multiple battery technologies, including liquid flow and sodium-ion batteries, has been successfully launched in Shanghai [19].