（来源：江苏省可再生能源行业协会） 日前，江苏省发改委发布《省发展改革委关于促进我省虚拟电厂高质量发展的通知》（苏发改能源发〔2025〕1198号）。通知要点如下： 构建三级管理体系，推广三类应用领域，完善三级集成平台系统。 ·支持虚拟电厂与电网企业、电力市场运营机构协同创新，丰富需求响应服务类型，提高资源参与度。到2030年，虚拟电厂参与需求响应能力达到200万千 瓦。 ·拓展综合能源服务范围，探索包括能源托管服务、综合能源管理、冷热电联供协同优化、能源大数据分析、节能降碳改造碳资产开发与管理、碳交易、 聚合绿电交易等多元化商业应用场景，培育多元化商业模式，促进虚拟电厂业务向平台化、数字化智能化、生态化方向发展，加快形成虚拟电厂健康发展 的生态圈。 提升新能源消纳能力，增强系统调节能力，提高电力保供能力。 ·完善虚拟电厂发展体系，到2030年，力争虚拟电厂调节能力达到500万千瓦以上。 ·推动虚拟电厂参与省内电力市场、跨区域电力市场，完善需求响应规则，鼓励拓展综合能源服务业务类型，重点建设首批100个虚拟电厂项目。 鼓励参与电力市场，有序参与需求响应，拓展综合能源服务。 -1 - 事项通知如下。 ·支持虚拟 ...

文 | 中关村储能产业技术联盟 "十五五"时期，我国能源革命进入攻坚期，构建新型能源体系成为各省市高质量发展的核心战略。 目前各省市陆续发布了《国民经济和社会发展第十五个五年发展规划的建议》，纵观各地"十五五"规划蓝图，储能已从单纯的技术选项， 跃升为支撑能源转型、培育新质生产力的关键支柱。它不仅是消纳新能源、增强电网韧性的"稳定器"，更是驱动产业升级、实现绿色增长 的"新引擎"。 各省市"十五五"规划中，对储能的部署已形成多元化、规模化的发展共识，主要体现在以下三个层面： 定位升级 普遍将储能（抽水蓄能、新型储能）定位为 "构建新型电力系统" 的关键支撑，旨在提升电力系统的互补互济和安全韧性水平。 应用深化 支撑新能源消纳： 将储能作为提高风电、光伏等新能源消纳能力的必备手段，推动"风光火储"等多能互补基地建设。 赋能用户侧与电网： 加快智能电网和微电网建设，其中储能是重要元素；推广虚拟电厂模式； 推动源网荷储一体化， 强调通过储能实现电源、电网、负 荷、存储的协同互动；建设零碳工厂/园区，用户侧储能是实现低碳用能的关键。 探索新模式： 积极探索数据中心、智算中心、交通、钢铁、建筑、化工、绿电直连等配套储能 ...

Core Insights - The strategic partnerships with Tingshan Energy and Haihe New Energy mark a significant breakthrough for the company in the energy storage market, aiming for a total of 100MWh of storage systems across various applications [1][2] - The collaboration focuses on deep integration of industry chain resources and core capabilities, allowing the company to provide high-performance energy storage products and comprehensive system support [2] - The global energy storage market is projected to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, with a CAGR of 21.7% from 2025 to 2034, indicating a strong growth opportunity for the company [3] Company Developments - The company has established a comprehensive value chain in the energy storage sector, covering research, production, sales, and service, with a product line that includes storage inverters, battery management systems, and energy management systems [3] - Recent commercial orders include a strategic cooperation agreement with WEG in Brazil for a total capacity of 3GWh and additional contracts for 100MWh of commercial energy storage, showcasing the company's ability to secure significant projects [4] - The company is leveraging its 20 years of experience in the lithium battery field to maintain a leading position in the industry, focusing on scalable and replicable energy storage projects [4]

Group 1 - The domestic energy storage sector is experiencing sustained demand, with significant GWh-level tenders such as CGN's 7.2GWh energy storage system and Xinjiang Production and Construction Corps' 1200MWh independent energy storage project [4] - The independent energy storage market is expected to maintain a good level in 2026, supported by the development of the energy market, capacity market, and ancillary services market [4] - The overseas energy storage demand remains strong, particularly in the U.S. and non-U.S. countries, with potential growth in regions like the Middle East and Ukraine [4] Group 2 - The world's largest integrated green hydrogen and ammonia project, the China Energy Construction Corporation's Songyuan Hydrogen Energy Industrial Park, has officially commenced production, indicating a positive trend for the hydrogen sector [5] - Poland has successfully awarded its first offshore wind power tenders, distributing 3.4GW of installed capacity, which is expected to enhance the European offshore wind market [5] - The hydrogen and ammonia sector is anticipated to receive more investment due to favorable policies and the emphasis on large-scale construction [5] Group 3 - Recent environmental assessments for the Qianxiawo lithium mine indicate a potential continuation of the lithium carbonate destocking trend, with expectations for demand in the lithium battery sector to remain strong [5] - The supply side of the lithium battery industry is expected to improve, with a focus on investment opportunities in lithium mines and segments like aluminum foil and anodes that are not yet supporting expansion [5]

这些看似独立的故事片段，共同指向一个宏大叙事：以电动汽车为载体的移动储能资源，正通过车网互 动（V2G）技术，从交通领域的"消费者"，转型为新型电力系统中不可或缺的"产消者"。这不仅是技术 的突破，更是对能源生产、传输、消费传统逻辑的一次深刻重构。 2025年的秋冬之交，中国能源领域的一场静水深流式的变革，正以两次密集的全国性实验为标志，拉开 了规模化时代的序幕。 在济南，车主李先生通过向电网反向送电，一个月额外赚取了2000多元；在浙江，部分车主领到了名 为"光伏搬运"的绿电优惠券，学习着将午间阳光"存入"爱车，晚间再"反哺"电网；在湖北，上千台充电 桩和船舶电池仓正如同一个整体，以毫秒级的速度，参与着维持电网稳定的精细调节…… 从"星火"式的单点示范，到"燎原"初现的全国铺开，一场关乎未来能源格局的深刻变革，其宏大交响的 序章已然奏响。 第一乐章：聚合序曲－－国庆验证，规模能力的"破冰"宣言 2025年10月国庆期间的首次大规模验证，与11月下旬迎峰度冬阶段的深化探索，恰如两场紧密衔接 的"能力测试"与"规模化实战"。数据清晰地勾勒出跃迁的轨迹：参与V2G放电的桩数从484根激增至807 根，两次活动放电 ...

Core Viewpoint - The energy storage sector is experiencing significant market fluctuations, with optimistic expectations for demand and supply in the coming year, driven by supportive policies and a clearer business model for independent energy storage [1][2]. Demand Side - The introduction of independent energy storage policies and shared electricity pricing has led to a 2-3 times growth in independent energy storage [1]. - The domestic renewable energy consumption issue must be addressed through energy storage, as current renewable energy installations are close to 40%, but actual generation is only 20%, indicating a high long-term demand for energy storage [2]. - The demand for energy storage is also surging in overseas markets, particularly in the U.S. due to structural electricity shortages driven by AI developments and in Europe due to challenges in renewable energy consumption [2]. Supply Side - The past three years have seen profits in the renewable energy sector not favoring upstream companies, leading to weakened balance sheets and a lack of funds for capacity expansion [2]. - A tight supply situation for upstream materials, including lithium carbonate, is expected, which will help restore the financial health of these companies and enable them to gradually expand capacity to meet future demand [2]. Market Dynamics - The current energy storage market is characterized by a dual impact of demand and supply, with a strong sustainability in the fundamentals, potentially leading to a market explosion similar to that of 2019-2020 [3]. - Recent market fluctuations in lithium carbonate and lithium batteries are primarily driven by funding factors, with concerns about concentrated trading and profit-taking leading to adjustments in the sector [3]. - Despite potential minor adjustments, the probability of a significant downturn is low due to a strong supply-demand balance and a robust demand outlook [3]. Investment Opportunities - The most investment-worthy segments in the energy storage supply chain are those facing the tightest supply, such as lithium hexafluorophosphate, separators, lithium iron phosphate, and lithium carbonate, which are expected to exceed expectations [4]. - The supply chain dynamics indicate that upstream material segments are gaining increasing attention, and the focus should be on the most constrained supply areas [5].

风电头条获悉，12月17日，国家发展改革委办公厅、国家能源局综合司发布关于建立全国统一电力市场评价制度的通知。 文件指出，全国统一电力市场评价工作应结合市场建设情况开展多维度综合评价，重点围绕电力市场运营效果、市场作用发挥、经营主体可持续 性发展、市场竞争充分度四个方面开展评价。 登录新浪财经APP 搜索【信披】查看更多考评等级 （来源：风电头条） 文件还指出，市场为储能、虚拟电厂等新业态提供发展空间，推动民营企业参与，带动相关产业链成长，促进就业和能源新质生产力提升。 市场竞争充分度评价方面，要求电力市场实现统一开放，经营主体有序竞争，对不当市场竞争、报价异常及市场力滥用行为能够有效约束，电力 市场信用机制健全，能够对市场失信行为进行惩戒。 此外，自2026年起组织开展全国统一电力市场评价，制定市场评价标准。鼓励各地因地制宜按需开展电力市场评价工作。鼓励市场运营机构充分 发挥自身优势，开展市场量化评价，及时发现并反馈电力市场建设运营相关问题。 公告如下： 以习近平新时代中国特色社会主义思想为指导，全面贯彻党的二十大和二十届历次全会精神，按照完善全国统一电力市场体系要求，围绕加快构 建新型电力系统的总体目标， ...

Report Summary 1. Investment Rating The report does not provide an investment rating for the industry. 2. Core Viewpoints - In 2025, driven by the capacity compensation policy and the accelerated construction of the power market, the economy of domestic independent energy storage projects significantly improved, leading to strong growth in overall energy storage demand. The US and European markets continued their steady growth, and emerging markets such as the Middle East and Australia continued to expand. It is estimated that the global new installed capacity in 2025 will reach 271GWh, a year-on-year increase of 45%. The expected good terminal demand prompted enterprises to increase their inventory coefficients, and the annual battery cell shipments are expected to reach 550GWh, a year-on-year increase of 65% [2]. - Looking ahead to 2026, the high returns of independent energy storage are expected to continue, and the large-scale winning bids for domestic projects lay the foundation for demand. Under the neutral scenario, the domestic new installed capacity is expected to be 284GWh, and in the optimistic scenario, it can reach 325GWh, achieving a doubling growth. Overseas, the US may face certain pressure in the short term due to the cost increase brought by the "Big and Beautiful" Act and the unmanifested energy storage demand related to data centers. The new installed capacity is expected to be 50GWh, a year-on-year increase of 4%. Europe will benefit from the profitability improvement brought by grid investment and trading mechanism optimization, and the new installed capacity is expected to reach 43GWh, a year-on-year increase of 39%. Chile, Australia, the Middle East, and India are the main sources of incremental growth in emerging markets, and the total new installed capacity in emerging markets is expected to reach 87GWh, a year-on-year increase of 68%. Overall, in 2026, the global new energy storage installed capacity is expected to reach 505GWh in the optimistic scenario, a year-on-year increase of 86%; 464GWh in the neutral scenario, a year-on-year increase of 71%; and 368GWh in the rigid scenario, a year-on-year increase of 36% [3]. - In the context of high terminal demand, the probability of a significant reduction in the inventory coefficient is low. However, it is necessary to consider the overdrawn demand in some markets. The US has limited additional inventory space in 2026, and Australia faces a similar situation. A total of about 60GWh of additional inventory demand needs to be deducted from the two regions. In 2026, the energy storage battery cell shipments are expected to reach 957GWh in the optimistic scenario, a year-on-year increase of 74%; 833GWh in the neutral scenario, a year-on-year increase of 52%; and 649GWh in the rigid scenario, a year-on-year increase of 18% [4]. 3. Summary by Directory 1. 2025 Energy Storage Market Review - **Domestic Market**: In 2025, from January to October, the new installed capacity of domestic new energy storage continued to grow rapidly. The new installed capacity of new energy storage reached 34.6GW/92.6GWh, a year-on-year increase of 42.6%. The proportion of grid-side energy storage increased to 60%, and the proportions of power source-side and user-side were 31% and 9% respectively. The price of energy storage continued to decline, but the decline has significantly narrowed. It is estimated that the new installed capacity of new energy storage in 2025 will reach 53.1GW/140GWh, a year-on-year increase of 31% [7][9]. - **Overseas Market**: The demand in overseas markets continued to be strong. From January to October 2025, China's energy storage battery cell exports reached 79.5GWh, a year-on-year increase of 86%. The US energy storage market maintained high-speed growth, and it is estimated that the new installed capacity in 2025 will reach 48GWh, a year-on-year increase of nearly 30%. The European energy storage market showed structural differentiation, with different performances in Germany, Italy, and the UK [13][19][26]. 2. Domestic Market: The Resonance of Rigid Demand for Consumption and Economy Opens Up the Upside Space for Installation - **Rigid Demand**: The continuous increase in the penetration rate of new energy has intensified the "duck curve" problem, and the ability of energy storage to regulate has become a rigid demand. The state has issued top-level documents to promote the consumption of new energy, and new energy storage is becoming a key tool to improve the consumption capacity of new energy. It is estimated that from 2026 to 2030, the installed capacity of new energy storage needs to reach 386GW, corresponding to an installed capacity of 1081GWh and an average annual installed capacity of 216GWh [32][34][36]. - **Economic Driving Force**: The driving logic of the domestic energy storage market has changed fundamentally. Independent energy storage has become the core driving force for the development of the domestic energy storage market. The economy of independent energy storage mainly comes from peak-valley spread arbitrage, auxiliary service market revenue, and capacity price compensation. The implementation of the capacity price compensation policy in multiple provinces will significantly improve the revenue level of energy storage projects [37][38][42]. - **Demand Outlook**: The energy storage bidding market has been active this year. It is estimated that the new installed capacity of energy storage in 2026 will be about 284GWh under the neutral scenario and about 325GWh under the optimistic scenario. The market generally expects that a national capacity price compensation policy will be introduced next year, and the compensation standard is expected to be linked to thermal power. Although the long-term demand in 2027 still has policy uncertainties, the trend of marginal improvement in the revenue of energy storage projects is clear [46][51]. 3. Overseas Market: The US is Under Pressure, While Europe and Emerging Markets Continue to Grow at a High Rate - **US**: The incremental installation of energy storage in the US in 2026 is expected to be limited. The "Big and Beautiful" Act may lead to an increase in manufacturing costs, which will suppress the demand in the US energy storage market to a certain extent. The revenue of energy storage projects in the US is facing downward pressure, and the new installed capacity may be slightly affected. The demand for energy storage in data centers has not been fully realized in the short term [54][55][59]. - **Europe**: The large-scale energy storage market in Europe is expected to continue to grow at a high rate in 2026, with the new installed capacity expected to reach 25GWh, a year-on-year increase of 54%. The post-meter energy storage market is showing a warming trend, with the new installed capacity of industrial and commercial energy storage expected to reach 6.9GWh, a year-on-year increase of 48%, and the new installed capacity of household energy storage expected to reach 10.7GWh, a year-on-year increase of 10% [63][67]. - **Emerging Markets**: The demand in emerging markets is booming, and the market increment is significant. The energy storage markets in Chile, Australia, the Middle East, and India are all expected to achieve rapid growth in 2026 [70][72][75]. 4. Demand Outlook: The Resonance of Domestic and Overseas Demand Accelerates the Release of Energy Storage Shipments - In 2025, the domestic demand continued to rise, the US and European markets maintained steady growth, and emerging markets such as the Middle East, Australia, and India continued to expand. It is estimated that the global new energy storage installed capacity in 2025 will reach 271GWh, and the battery cell shipments will reach 550GWh [80]. - In 2026, the domestic demand is expected to be further released, the US market is under short-term pressure, and the high growth rate of Europe and emerging markets is expected to continue. In the optimistic scenario, the global new energy storage installed capacity is expected to reach 505GWh; in the neutral scenario, it is expected to reach 464GWh; and in the rigid scenario, it is expected to reach 368GWh. The battery cell shipments are expected to reach 957GWh in the optimistic scenario, 833GWh in the neutral scenario, and 649GWh in the rigid scenario [80][82].

Core Viewpoint - The successful operation of the 750 kV transmission project of the Xiwangzhai coal-electricity integration project enhances energy supply and efficiency in the Shaanxi region, supporting regional economic development and sustainable energy utilization [1][2]. Group 1: Project Overview - The 750 kV transmission project consists of two segments: one from Xiwangzhai Power Plant to Qingshuichuan Power Plant, and the other from Xiwangzhai Power Plant to the ±800 kV Shanbei converter station [1]. - The project includes the construction of 130 new transmission towers over a total length of 63.422 kilometers, serving as a crucial power source for the Shaanxi-Hubei ±800 kV UHVDC transmission project [1]. Group 2: Operational Impact - The project alleviates output limitations for the second and third phases of the Qingshuichuan Power Plant, releasing 800 MW of capacity and expected to generate an additional 10 billion kWh of electricity annually [2]. - It enhances the overall transmission efficiency of the Shaanxi-Hubei ±800 kV UHVDC project, contributing to regional energy supply stability, promoting renewable energy consumption, and optimizing energy resource allocation [2].

12月15日，2026年全国能源工作会议在北京召开。会议提到，要扎实推进能源绿色低碳转型。持续提高 新能源供给比重，全年新增风电、太阳能发电装机2亿千瓦以上，有序推进重大水电项目，积极安全有 序发展核电，加强化石能源清洁高效利用。 厦门大学中国能源政策研究院院长林伯强向第一财经记者表示，能源绿色低碳转型关键在于构建新型能 源系统，即以风电、光伏等清洁能源为主导。但目前，清洁能源发展面临的主要瓶颈是消纳难题。 为解决消纳难题，今年10月份，国家发改委、国家能源局印发的《关于促进新能源消纳和调控的指导意 见》（下称《指导意见》）提出，到2030年，协同高效的多层次新能源消纳调控体系基本建立，持续保 障新能源顺利接网、多元利用、高效运行，新增用电量需求主要由新增新能源发电满足。同时，新型电 力系统适配能力显著增强，系统调节能力大幅提升，电力市场促进新能源消纳的机制更加健全，跨省跨 区新能源交易更加顺畅，满足全国每年新增2亿千瓦以上新能源合理消纳需求。 长期以来，新能源消纳工作主要聚焦于省内集中式新能源，随着新能源开发模式日益多元，《指导意 见》提出将新能源开发消纳划分为5类，统筹"沙戈荒"新能源基地外送与就地消纳， ...