Core Viewpoint - The new energy storage industry in China has experienced significant growth, with a total installed capacity of 66.43 GW and energy capacity of 189.48 GWh added in 2025, representing year-on-year increases of 52% and 73% respectively. The industry is expected to continue evolving towards longer-duration energy storage solutions and deeper integration with renewable energy sources [3][41][95]. Group 1: Industry Development Overview - In 2025, the cumulative installed capacity of new energy storage in China reached 213.3 GW, a year-on-year increase of 54% [13]. - The average storage duration for new energy storage systems has gradually increased from 2.11 hours in 2021 to 2.58 hours in 2025, with projections indicating it could reach 3.47 hours by 2030 [95]. - The top ten provinces in China accounted for nearly 90% of the total installed capacity, with Inner Mongolia leading in both energy and power capacity, surpassing California to become the world's top province [3][48]. Group 2: Market Trends and Projections - The growth rate of new energy storage installations is expected to slow down, but the large base will still generate significant absolute increments, with projections suggesting a cumulative installed capacity of over 370 million kW by 2030 [4]. - The market is transitioning from policy-driven growth to market-driven high-quality development, with expected annual compound growth rates of 20.7% to 25.5% from 2026 to 2030 [98]. - The penetration rate of new energy storage in wind and solar power generation has increased significantly, from 0.61% at the end of the 13th Five-Year Plan to 6.88% at the end of the 14th Five-Year Plan [17]. Group 3: Technological Advancements - During the 14th Five-Year Plan period, significant technological breakthroughs have been made in energy storage, including increased capacity of lithium battery cells and advancements in flow battery efficiency [9][10]. - The industry is witnessing a shift towards longer-duration storage solutions, with a notable increase in projects exceeding 4 hours of storage duration [45]. - The average available capacity of new energy storage systems has shown high reliability, with peak discharge capabilities reaching 44.53 million kW in 2025 [24]. Group 4: Project and Market Dynamics - The number of newly operational energy storage projects in 2025 was 5,014, with a total power capacity of 328.0 GW, indicating a shift towards larger-scale projects [39]. - The bidding landscape for new energy storage projects is becoming more rational, with a focus on quality over quantity, as the number of projects remains stable or slightly declines [53]. - The market is diversifying, with energy storage systems now participating in various market categories, including long-term, spot, and ancillary services [21].

Core Insights - The global energy transition is currently in its third critical phase, shifting from fossil fuels to renewable and sustainable energy, but faces significant challenges as fossil fuels still account for nearly 80% of the global primary energy structure [4] - The international oil price is experiencing an unusual decline despite a tense global situation, primarily due to an oversupply of crude oil, with the latest forecast indicating global oil inventories could exceed 4 million barrels per day by 2026 [4] - The implementation of China's dual carbon control policy, which began on January 1, aims to control carbon emission intensity and total emissions, significantly impacting high-energy-consuming industries [5] Energy Transition Challenges - The transition from fossil fuels to renewable energy is complex and arduous, with traditional energy's dominance unlikely to change in the short term [4] - The International Energy Agency (IEA) initially predicted a global oil inventory of 1.22 million barrels per day for 2026, but recent data suggests it will surpass 4 million barrels per day, affecting oil price trends [4] - The carbon market in China is progressing, with a 30% increase in trading volume last year, although carbon prices decreased, indicating a potential impact on corporate development and economic trends [5] AI Empowerment in Energy Sector - AI technology is expected to significantly enhance efficiency in the oil and gas exploration and development sector, potentially increasing energy supply and facilitating market-oriented operations of oil storage facilities [6] - Companies are increasingly willing to invest in digital energy, with applications in platform construction, data asset management, and energy forecasting becoming crucial for the digital and intelligent transformation of the energy industry [6] - The concept of "near-zero carbon oilfields" is proposed as a more accurate term, as true zero carbon is unattainable in fossil fuel extraction, with over 60% of carbon emissions occurring at the consumption stage [6] International Experience and Future Directions - Nordic countries have made significant progress in near-zero carbon development, with some achieving nearly 100% renewable electricity and initiating numerous CCUS zero-carbon pilot projects [7] - Major international oil companies have adjusted their green development strategies due to poor profitability in green businesses, increasing investments in oil and gas exploration instead [7] - China's energy transition can benefit from international technological experiences, but it possesses unmatched advantages in the full industrial chain of renewable energy sources, making market-driven applications crucial for future development [8]

2026年1月30日，以"智赋未来.能启新篇"为主题的AI+能源发展大会在中关村会议中心举行。中关村科学城管委会副主任、海淀区副区长唐超发表致辞，立 足海淀区作为北京国际科技创新中心核心区的定位，围绕AI与能源产业融合发展，分享了海淀实践、布局了未来方向，传递出以区域创新优势赋能能源转 型的坚定决心。 唐超指出，当前全球科技变革与产业变革加速演进，人工智能作为核心驱动力，正全方位赋能千行百业，其与能源产业的深度融合，更是推动能源系统向智 能化、绿色化、低碳化转型的关键力量，为构建清洁、安全、高效的新型能源体系筑牢根基。而海淀区凭借得天独厚的创新禀赋，成为推动"AI+能源"融合 发展的重要承载地。 唐超表示，海淀区将持续打造一流营商环境和创新生态，诚邀各界创业者、投资人扎根海淀、深耕兴业，携手推动AI与能源产业双向赋能。她强调，2026 年作为国家"十五五"规划开局之年，此次大会汇聚行业共识与智慧，破解发展难题，海淀区将以自身创新优势，将思想火花转化为能源转型的实际力量，为 建设能源强国、推动人类可持续发展贡献海淀力量。 在创新资源与产业基础上，海淀区具备不可替代的优势。唐超介绍，区域内聚集了清华、北大等21所 ...

【文/观察者网专栏作者 心智观察所】 在瑞士达沃斯的世界经济论坛上，特朗普抛出了一个看似简单却颇具嘲讽意味的问题：中国制造了几乎 所有的风力发电机，可他在中国却找不到任何风力发电场。他还不忘补上一句，称"中国非常聪明，他 们生产风力发电机，然后以高价出售。他们把这些发电机卖给那些愚蠢的买家，但他们自己却不用"。 这番言论在社交媒体上引发了不小的波澜，但如果我们只把它当作又一次政治口水战的素材，那就真正 错失了这场争论背后更深层的故事——一个关于能源、基建、算力，以及大国竞争的故事。 事实上，特朗普的这番"找不到风电场"的说辞，要么是故意的误导，要么是对中国能源转型的严重信息 滞后。截至2025年11月底，中国的风电装机容量已经超过6亿千瓦，相当于600吉瓦。这个数字意味着什 么？它意味着中国的风电装机规模已经连续15年稳居世界第一，相当于大约600座核电机组的发电能 力。 从内蒙古苏尼特石旗那片一望无际的草原上竖立的千兆瓦级风储项目，到江苏盐城海域那些随波起伏的 850兆瓦海上风电阵列，再到广东阳江沙扒那座国内首个百万千瓦级海上风电场——这些巨型工程正在 改写着中国的能源版图。说中国没有风电场，就像说美国没有 ...

Core Viewpoint - The Sarajevo Energy Forum 2026 aims to address the energy transition pathways in the Western Balkans, gathering global experts to discuss sustainable energy solutions and innovations [1] Group 1: Forum Overview - The Sarajevo Energy Forum will take place from January 28 to 30, 2026, in Sarajevo, Bosnia and Herzegovina [1] - The forum is recognized as a leading conference on energy and sustainable development in the region [1] - Key partners include the Istanbul Solar Energy Exhibition, the Foreign Trade Chamber of Bosnia and Herzegovina, and the Renewable Energy Association of Bosnia and Herzegovina [1] Group 2: Discussion Topics - Topics will cover energy integration, storage technologies, the impact of the EU Carbon Border Adjustment Mechanism (CBAM), smart city solutions, electricity market contracts, and green hydrogen [1] - A special session titled "Consumer-Producer Grid Integration" will explore the roles of citizens and businesses in the energy transition [1] - Innovative topics such as the application of artificial intelligence in the energy sector and the Western Balkans Grid Action Plan will also be discussed [1] Group 3: Objectives - The forum aims to promote regional energy interconnectivity and accelerate the transition to clean energy [1]

铜月报（2026年1月） 范玲 期货从业资格号：F0272984 投资咨询资格号：Z0011970 中航期货 2026-1-30 目录 01 后市研判 01 后市研判 02 行情回顾 02 行情回顾 03 宏观面 04 基本面 后市研判 PART 01 1月铜价波动加剧 1月铜价波动加剧 建议回调偏多对待 宏观面：美国就业市场弱平衡，通胀表现温和，1月份美联储按兵不动，但货币政策宽松预期不改，地缘潜在风险升级，影响全球资产情绪和资金流 动；国内方面，央行行长表示灵活高效运用降准降息等多种货币政策工具，今年降准降息还有一定的空间。 基本面来看，全球铜矿品位下降、新项目投产缓慢、资本开支不足等问题难以在短期内解决，智利、秘鲁、刚果（金）等主产区频发运营中断事件， 导致全年产量增速不及预期。铜精矿现货 TC/RC 导致全年产量增速不及预期。铜精矿现货 TC/RC 持续处于深度负值区间，冶炼端利润承 持续处于深度负值区间，冶炼端利润承 持续处于深度负值区间，冶炼端利润承压，国内冶炼厂检修影响将进一步深化。需求方面，尽管建 筑、家电等传统领域受宏观周期影响复苏缓慢，但"抢出口"政策窗口仍为出口订单提供一定支撑。整体来看 ...

1月30日，阿斯利康CEO苏博科（PascalSoriot）在接受媒体采访时表示，在英国首相斯塔默访华期间公布对华投资的消息意义重大。在世界面临诸多挑战之 际，中英之间建立长期、稳定、战略性的伙伴关系，将有助于应对复杂的国际挑战。 就在前一天，阿斯利康刚刚宣布，计划于2030年前在中国投资超过1000亿元人民币，以扩大在药品生产与研发领域的布局。这也是阿斯利康史上最大规模对 华投资计划。从收入来看，阿斯利康是中国最大的跨国制药公司，中国占该公司收入的约12%。 中英合作前景广阔 苏博科称，八年前，他也曾随同英国首相访华，两国之间拥有巨大的合作潜力。"英国高度重视科学发展，拥有先进的科研体系和顶尖的高等学府。中国同 样注重科学与创新。"他表示。 阿斯利康表示，新的投资计划将增强公司在细胞疗法和放射性配体疗法等前沿技术方面的能力，中国在这些领域的领先地位已得到公认。 公司称，此项投资与"健康中国2030"目标高度契合，并将优先支持中国的共同健康目标实现，着力提升未覆盖人群的疾病预防、早期筛查与创新药物可及 性。 就最新的对华投资项目，阿斯利康表示，将充分发挥中国的科研优势和先进制造能力，依托中英医疗健康生态系统之 ...

Core Viewpoint - The London Metal Exchange (LME) experienced a one-hour delay in opening due to a technical fault, adding uncertainty to an already volatile global metal market [1] Group 1: Market Volatility - The global metal market is facing extreme volatility driven by multiple factors, including U.S. military threats against Iran, renewed tariff threats from the White House, and a weakening dollar boosting demand for physical assets [2] - Copper prices surged by 11% in a single day, reaching a historical high of $14,500 per ton, before falling nearly 4% to $13,239 per ton after trading resumed [2] Group 2: Technical Issues - The LME stated that the delay was a precautionary measure after discovering a potential issue with a specific component during routine checks [1] - The incident has raised concerns about the reliability of the LME's trading systems, especially following previous disruptions in the market [5] Group 3: Analyst Insights - Citigroup analysts noted that while copper prices may rise in the short term, fundamental demand could pose challenges, with potential resistance to soaring prices due to increased scrap supply and demand destruction [4] - Market participants expressed that current expectations are overly uniform and adjustments are needed, leading to a preference for risk management and reduced participation [5]

全球能源转型进程持续加速，我国外贸"新三样"出口热潮澎湃，在此双重驱动下，济宁锂电池出口实现 跨越式增长，目前全市拥有锂电池出口企业近10家。在新能源汽车、锂电池、光伏产品组成的外贸"新 三样"出口风口下，济宁锂电池何以实现出口大幅攀升？针对锂电池出口的通关、检验等关键环节，海 关部门又推出了哪些便利化举措为企业保驾护航？ 齐鲁晚报.齐鲁壹点孔茜 与此同时，优化监管流程，开通预约查检"绿色通道"，叠加"提前申报+优先查验"模式，压缩检验时间 30%，全面保障锂电池出口通关高效顺畅，为济宁锂电池产业"出海"按下加速键。 "2025年，聚焦锂电池出口高速增长的需求，海关主要是从三个方面精准施策，全力保障企业出口通关 顺畅。"济宁海关查检三科科长王岩表示，紧盯国际市场，研究主要目的国政策变化，指导企业完善生 产管理，帮助企业快速适应国际市场需求。并开展靶向服务，在报关通关、技贸措施解读、危险货物包 装要求等方面提供针对性指导，开展政策宣讲及解答，帮助企业梳理各型号电池监管要求，提前开展包 装要素审核。 ...

印度计划近期出台锂、镍加工厂建设激励政策，助力提升相关矿产产能，匹配国内关键矿产需求增长， 支撑能源转型进程。 根据印度政府演示文稿内容，该激励政策自2026年4月1日起生效，符合条件的锂、镍加工项目可享受 15%的资本补贴，补贴设有明确上限。政策激励期限为五年，其中锂加工厂年度补贴上限为企业年净销 售额的40%，申请项目年产能需达到3万吨；镍加工厂年度补贴上限为年净销售额的25%，申请项目年 产能需达到5万吨。补贴将分阶段发放，企业需达成印度政府设定的工厂最低利用率目标。印度初步计 划为2个锂加工项目、2个镍加工项目提供该政策支持，以保障2030年国内相关矿产需求。 当前印度正通过推广电动汽车等清洁能源举措加快能源转型、削减碳排放，设定目标到2030年将电动汽 车市场渗透率从当前的4%提升至30%，两轮电动车渗透率从6%提升至80%。镍和锂是印度电动汽车供 应链的核心矿产，尤其在电池生产环节不可或缺，但该国缺乏关键矿产加工技术，相关领域产能目前主 要由其他国家主导。 2023年，印度将包括锂在内的20余种矿产列为能源转型及满足企业需求增长的关键矿产。此前印度已接 洽多个国家，寻求在锂加工领域开展技术合作。负 ...