Policy Overview - In July 2025, a total of 84 energy storage-related policies were released or solicited for opinions, with 9 at the national level and 32 from local regions such as Sichuan, Shanxi, and Shanghai [3][4] - Among these, 58 policies were classified as very important, accounting for 69% of the total, with significant contributions from provinces like Sichuan and Shandong [3] National Policies - The National Development and Reform Commission and the State Administration for Market Regulation released a draft amendment to the Price Law, refining standards for identifying unfair pricing behaviors [4] - The Ministry of Commerce published a list of technologies restricted for export, including lithium iron phosphate battery preparation technology and lithium extraction technologies [4] - A notification was issued to support the construction of zero-carbon parks, with pilot projects recommended by local regions [6][4] Local Policies - The Xi'an Development and Reform Commission issued guidelines for the development of new energy storage power stations, planning to initiate three projects by 2025 [8] - The Hebei Development and Reform Commission released implementation rules for distributed photovoltaic power generation, allowing energy storage facilities to be integrated with local grids [10] - The Shandong Development and Reform Commission published a plan for zero-carbon park construction, promoting integrated projects for energy generation and storage [10] Pricing Policies - The Sichuan Power Trading Center outlined arrangements for user-side energy storage projects, allowing operators to negotiate revenue calculations [25] - The Hainan Development and Reform Commission proposed a market-oriented reform plan for renewable energy pricing, with specific price ranges for different types of projects [26] - Shanxi's plan for renewable energy pricing reform includes mechanisms for both existing and new projects, ensuring competitive pricing [26] Demand Response Policies - The Guizhou Energy Bureau introduced a demand response trading scheme, categorizing market participants and setting compensation price limits for peak shaving and valley filling [32] - The Sichuan Development and Reform Commission maintained a standard for active peak load response pricing [33] Green Electricity Trading Policies - The Qinghai Energy Bureau published a plan for green electricity direct connection projects, emphasizing self-consumption ratios and renewable energy utilization [35] - The Yunnan Development and Reform Commission outlined measures to enhance the capacity of connected projects through energy storage [35] Low-Carbon Development Policies - The Shandong Development and Reform Commission's zero-carbon park plan encourages the development of various energy storage technologies [38] - Notifications from Shanghai and Hubei support the establishment of national-level zero-carbon parks [38] Demonstration Project Policies - The Guizhou government listed 41 major projects related to energy storage, including 23 new energy storage power station projects with a total capacity of 2.65GW [40] - The Sichuan Development and Reform Commission's project list includes 27 energy storage projects totaling 3022.5MW [41]

Core Viewpoint - Inner Mongolia Autonomous Region is launching a plan to develop zero-carbon parks, aiming to create national and regional pilot projects for green and low-carbon development by 2030 [1][2] Group 1: Zero-Carbon Park Development Plan - The plan includes high-standard construction of zero-carbon parks through pilot promotion, demonstration leadership, and innovative models [1] - Zero-carbon parks are defined as areas where CO2 emissions from production and living activities are reduced to "near zero" and can further achieve "net zero" conditions [1] - The construction will be carried out in three phases: selection of pilot parks by 2025, comprehensive development from 2026 to 2028, and deepening exploration by 2030 [1] Group 2: Construction Content and Support - Key construction elements include building a zero-carbon power grid, enhancing green electricity supply, energy storage management, energy-saving renovations, and developing green low-carbon industries [1] - A green smart energy-carbon management platform will be established to enhance carbon-related service capabilities and participate in the formulation of zero-carbon standards [1] - The region will provide financial support for eligible parks, including central budget investments and local government bonds, while encouraging policy banks to offer long-term credit support [2]

《方案》主要有3方面特点：一是加强与国家零碳园区建设政策衔接，同步推进国家级和自治区级零碳 园区培育建设，确保如期建成一批零碳园区。二是坚持"宽进严出"原则，鼓励不同类型园区广泛参与， 充分发挥新能源优势，积极发展零碳园区配电网、绿电直连、绿氢耦合等模式，加强政策、技术、模式 创新，探索零碳园区建设经验模式。三是今年4月份以来，对35个拟申报创建零碳园区先行进行了综合 评审、现场调研。在此基础上，要求各盟市推荐申报国家级零碳园区不超过1个、申报自治区级零碳园 区数量不超过3个，按要求编制申报书。 8月11日，记者从内蒙古自治区发展改革委获悉，该单位与自治区工信厅、能源局近日联合印发《内蒙 古自治区零碳园区培育建设方案》（以下简称《方案》），指导支持有条件的地区率先创建国家级零碳 园区，并细化部署自治区零碳园区培育建设工作。 "下一步，我们将会同自治区工信厅、能源局综合考虑园区能源禀赋、产业基础、电力安全可靠供应、 减碳潜力等因素，遴选推荐国家级零碳园区，确定一批自治区级零碳园区名单，高标准、高质量建立一 批零碳园区。"自治区发展改革委有关负责人介绍。（李永桃） 责任编辑：闫弘旭 《方案》共分5部分，特别是《方 ...

Core Viewpoint - The development of zero-carbon parks faces significant challenges, including conflicts between traditional centralized energy systems and emerging distributed energy systems, which hinder the effective implementation of zero-carbon initiatives [1][2]. Group 1: Zero-Carbon Park Characteristics - Zero-carbon parks are fundamentally based on distributed energy systems, which are essential units in the energy transition process [2]. - The future energy system architecture should prioritize distributed energy systems while incorporating centralized systems as a supplementary component [2]. - The traditional large energy system is characterized by regulatory frameworks that ensure fair access for users, but innovations that reduce energy sales can disrupt the recovery of fixed network costs [2]. Group 2: Global Trends and Cost Dynamics - There is no official definition for "zero-carbon parks," but common goals include achieving net-zero greenhouse gas emissions through various methods such as energy efficiency improvements and renewable energy utilization [3]. - The construction conditions for zero-carbon parks in China are becoming increasingly mature, evidenced by significant reductions in renewable energy production costs. For instance, the levelized cost of solar photovoltaic power is projected to drop from 0.90 yuan/kWh in 2014 to around 0.20 yuan/kWh by 2024, a decrease of 78% [3]. - Onshore wind power costs are also declining, from 0.55 yuan/kWh to approximately 0.18 yuan/kWh, a reduction of 67% [3]. Group 3: Opportunities for Low-Carbon Transition - During the 14th Five-Year Plan period, the construction of zero-carbon parks will be a key focus for local governments in promoting low-carbon transitions [4]. - Local governments are seen as the primary agents of reform, as they have the authority to implement mechanisms that facilitate the development of distributed energy systems [4]. - Zero-carbon parks present an opportunity for localities to leverage distributed energy systems to drive industrial low-carbon transitions and create synergies between low-carbon energy, industry, and the economy [4]. Group 4: Recommendations for Development - A shift in mindset is necessary to understand zero-carbon park construction through the lens of energy system transformation rather than traditional project-based thinking [5]. - Integrating energy system transformation logic into electricity system reforms is crucial, including adjustments to electricity pricing structures to reduce reliance on sales volume [5]. - Accelerating the reform of heating systems within zero-carbon parks is essential, as achieving zero-carbon heating supply is more feasible than in electricity, which could significantly impact traditional heating utility business models [5]. Group 5: Balancing Interests - The reform and innovation of mechanisms for zero-carbon parks must seek a balance between the interests of large and small energy systems, which poses a significant challenge for local governments [6].

Core Insights - The company has successfully launched the "Guandong 150MW Fish-Solar Complementary Project" in Jiangsu Yancheng, marking a significant achievement in its strategic transformation towards green energy [1] - The company's new energy sector has shown remarkable performance, with a projected cumulative installed capacity of 1GW to 2GW over the next three years and a compound annual growth rate of net profit not less than 50% [2] - The company has received an "Accumulate" rating from Huaxi Securities, highlighting its unique competitive advantages and clear growth path in the new energy sector [3] Group 1: Strategic Transformation - The company has been actively promoting its strategic transformation towards "new energy, new materials, and intelligent manufacturing" since 2022, with tangible results emerging over the past two years [1] - A strategic cooperation agreement was signed with the Yancheng Economic Development Zone for a zero-carbon park, enhancing the integration of new energy and automotive industries [1] Group 2: Financial Performance - In the first quarter, the company achieved a revenue of 683 million yuan, with a year-on-year growth of 25.08% after excluding the impact of the deconsolidation of Yueda Zhixing [2] - The company's electric power sales revenue surged by 2567% year-on-year, with a gross profit margin of 46.37% [2] - The company has committed to a cash dividend policy of no less than 40% of the distributable profits for the year, reflecting its commitment to shareholder returns [2] Group 3: Project Developments - The company’s new energy projects, including the Huafeng 378MW fish-solar complementary project and the Sanxia Yueda Funing shared energy storage project, are operating efficiently and contributing to overall profitability [2] - The company’s subsidiary, Yueda Changjiu Logistics, is actively entering the new energy logistics market, enhancing profitability [2] - The new materials sector has also seen progress, with the stable release of production capacity for the manganese iron lithium phosphate project and increasing market competitiveness in sodium-ion battery materials [2]

悦达投资旗下子公司协同发力，也成为转型攻坚的重要支撑。新能源领域，悦达低碳公司的光伏、风电 项目稳步推进，悦达储能公司的储能项目高效运营，悦达和碳公司的碳交易业务持续拓展，共同构筑起 新能源产业矩阵。 新能源板块表现亮眼：华丰378MW渔光互补项目稳定发电，三峡悦达阜宁共享储能项目高效运转，绿 色数智能源管理中心的精准运维，灌东盐场150MW光伏、东台弶港100MW/200MWh共享储能项目如期 并网，进一步提升效益。2024年，悦达投资新能源发展态势持续向好，电力销售营收同比大涨2567%、 毛利46.37%。按照规划，未来三年新能源累计装机将达1GW至2GW，归母净利润年复合增长率不低于 50%，成长路径清晰可见。 根据公开新闻，悦达投资子公司悦达长久物流今年上半年也交出一份靓丽的答卷。悦达长久物流在聚焦 主业的同时，积极布局物流新赛道，今年上半年在新能源物流市场成功抢占先机，助力盈利能力改善。 作为悦达投资版图中的活力板块，悦达长久物流的强势表现，正成为提升上市公司整体投资价值的重要 加分项。 新材料领域同样成果颇丰：珩创纳米磷酸锰铁锂项目产能稳定释放，产品获头部厂家认可后出货量持续 攀升；参股子公司浩 ...

Core Viewpoint - The integration of green development concepts into various sectors, including enterprise production, park construction, and daily transportation, aims to reduce resource consumption and environmental impact while enhancing development momentum and public welfare [1][4]. Group 1: Zero Carbon Parks - The concept of "zero carbon parks" refers to areas designed to minimize carbon emissions from production and living activities to near-zero levels, with the potential to achieve net-zero conditions [2]. - Zero carbon parks are significant platforms for industrial economic development and job creation, and they are major consumers of energy and carbon emitters [2]. - The core indicator for zero carbon park construction is "carbon emissions per unit of energy consumption," which measures energy utilization efficiency and environmental protection levels [2]. Group 2: Technological Support and Innovations - Achieving zero carbon production requires technological support, which can also foster new technologies and innovations [3]. - The "Energy Carbon Brain" platform developed by Longxin Technology in Wuxi integrates 3D twin and AI big data analysis for efficient energy utilization, resulting in annual carbon reductions equivalent to the CO2 absorption of over 1,000 acres of parkland [3]. - The Guangdong (Yangjiang) Green Energy Demonstration Industrial Park has developed the world's first 500 kV three-core submarine cable, saving 30% in sea area and reducing installation costs by 20% compared to traditional single-core solutions [3]. Group 3: Economic and Ecological Benefits - Promoting zero carbon parks and factories is a crucial strategy for achieving carbon neutrality, balancing resource reduction with economic growth [4]. - The Xiamen Comprehensive Bonded Zone in Fujian has introduced distributed photovoltaic projects, achieving self-sufficiency in green electricity and generating an annual profit of 4 million yuan from surplus electricity sales [4]. - The improved natural ecology in the Greater Khingan Mountains, following a logging ban, has attracted tourists and boosted the under-forest planting and breeding industry, demonstrating that economic benefits can be realized without deforestation [4]. Group 4: Broader Implementation of Zero Carbon Concepts - The zero carbon concept is being implemented in various regions, from zero carbon parks to cities and even rural areas, showcasing its practical application [4]. - The transition to green development is seen as a way to activate development momentum and enhance quality of life, with more successful stories emerging [4].

Core Insights - "China Green Port" is positioned as a key hub for green energy in Hangzhou, integrating wind power equipment, energy-efficient equipment, and future industries like solid-state batteries, aiming to create a trillion-level green energy ecosystem [1][3] - The zero-carbon demonstration park, Reeling SPACE, is the first private low-carbon industrial demonstration park in Zhejiang, utilizing distributed photovoltaics, energy-saving renovations, and carbon credits to achieve a 63.2% share of green energy and a 59% reduction in carbon emissions per industrial output [1][2] - By 2024, the total output value of green energy enterprises in Linping District is projected to reach 53.182 billion yuan, with long-term goals to establish it as a new landmark for green energy in China and achieve over 100 billion yuan in industrial output by 2030 [3] Project Highlights - The Reeling SPACE project is self-funded by Hangzhou Jieneng Technology Company, designed for easy replication and scalability, with a payback period of approximately six years [2] - The project emphasizes improving energy management systems and optimizing end-use efficiency to support the green and low-carbon transformation of industries, contributing to China's dual carbon goals [2] Future Goals - The Linping District aims to lead in green energy innovation with over 16 provincial-level R&D projects and more than 15 national-level green factories by 2030, establishing a comprehensive green energy industrial ecosystem [3]

Group 1 - "China Green Port" is located in Linping District, Hangzhou, serving as a bridgehead for integration into the Yangtze River Delta, with key industries including wind power equipment and energy-efficient equipment, and a focus on future industries like solid-state batteries [1] - The construction of the "China Green Port" has led to the implementation of seven green low-carbon projects, including the VOCs waste gas treatment project by Jili Insulation Materials, and three projects selected as top ten low-carbon application scenarios in Hangzhou [1][2] - The zero-carbon demonstration park at the Cocoon SPACE industrial park is the first private low-carbon industrial demonstration park in Zhejiang, featuring a model that combines distributed photovoltaics, energy-saving renovations, and carbon credit purchases [1][2] Group 2 - The Cocoon SPACE industrial park project is funded and managed by Hangzhou Jieneng Technology Company, with a payback period of approximately six years, generating sustainable cash flow without increasing the company's burden [2] - The project utilizes commonly available technologies, making it replicable and adaptable for various industrial parks, showcasing a mixed-use model of office and production [2] - The zero-carbon industrial park is considered a minimal implementation unit for China's "3060" dual carbon goals, emphasizing the need for numerous zero-carbon parks to support the overall objectives [2] Group 3 - In 2024, the total output value of green energy enterprises in Linping District is projected to reach 53.182 billion yuan, with future goals to establish "China Green Port" as a new landmark for green energy industry in China and a new model for low-carbon applications in the Yangtze River Delta [3] - By 2030, the aim is to lead over 16 provincial-level R&D projects and establish more than 15 national-level green factories, with the green energy industrial ecosystem's output value exceeding 100 billion yuan [3]

Core Viewpoint - The new energy storage industry is accelerating its transformation under the dual drive of policies and market forces, with a focus on high-quality development and innovation in storage technologies as 2025 approaches [2]. Group 1: Industry Trends - The year 2025 marks a critical transition point for the new energy storage sector, coinciding with the end of the "14th Five-Year Plan" and the beginning of the "15th Five-Year Plan" [2]. - Multiple new policies related to the energy storage industry have been released at both national and local levels, clarifying the direction of industry transformation [2]. - The market for energy storage is expanding through diverse applications of "storage + X" scenarios, indicating a broadening of market boundaries [2]. Group 2: Market Opportunities - The growth of renewable energy installations, direct green electricity connections, zero-carbon parks, green data centers, and power market reforms are driving the emergence of new, valuable, and large-scale energy storage markets [2]. - The industry is urged to deeply understand transformation trends, clarify development positioning, and proactively seize opportunities to avoid being overwhelmed by the waves of industrial upgrades [2]. Group 3: Event Details - The 2025 EESA Energy Storage Summit will be held on August 12, 2025, at the Shanghai International Convention Center, gathering global experts and leaders in the energy storage field [3][21]. - The summit will feature a series of keynote speeches, roundtable discussions, and signing ceremonies focused on sustainable development and energy transition [4][12][16].