Core Viewpoint - The new energy storage capacity in China is experiencing explosive growth, with installed capacity expected to exceed 100GW by 2025, driven by favorable policies and market developments [2][3]. Group 1: Market Development - By the end of 2024, China's new energy storage installed capacity is projected to reach 78.3GW, surpassing pumped storage capacity for the first time [2]. - The rapid growth of new energy storage installations is accompanied by significant policy changes aimed at promoting market-oriented development [3]. Group 2: Spot Market Progress - Several provincial spot markets, including Shanxi, Shandong, and Guangdong, have transitioned to formal operation in 2024, with more regions expected to follow [5][6]. - The inter-provincial electricity spot market officially began operations in October 2024, marking a milestone in the establishment of a unified national electricity market [6]. Group 3: Pricing Mechanisms - Initial market stages allow energy storage to choose between "quantity and price reporting" or "quantity without price reporting," with a gradual shift towards the former as the market matures [9]. - Price limits vary by region, with the highest clearing price in Inner Mongolia at 5 yuan/kWh and the lowest in Gansu at 0.65 yuan/kWh, indicating a conservative pricing mechanism [9]. - The average trading price in the spot market is declining due to falling primary energy prices and rapid growth in renewable energy generation, with 2024 spot price differences concentrated between 0.2-0.3 yuan/kWh [9]. Group 4: Long-term Market Structure - The establishment of a unified national market is driving the clarification of core rules in provincial long-term markets, ensuring efficient connections between long-term and spot markets [14]. - Energy storage can effectively meet peak demand and secure revenue through long-term trading mechanisms that utilize time-based pricing [14]. Group 5: Time-of-Use Pricing - By the end of 2024, 13 provinces have officially released new time-of-use pricing policies, with adjustments made to peak and valley periods to optimize energy storage operations [16][17]. - The expansion of floating price ranges in nine provinces is expected to enhance price differentials, benefiting energy storage profitability [17]. Group 6: Future Outlook - The release of the "136 Document" in February 2025 will significantly impact the energy storage industry by transitioning from mandatory storage to market-driven investment [22]. - The document is expected to widen price differentials, allowing energy storage facilities to capitalize on market price fluctuations [22]. - Companies in the energy storage sector will need to enhance their investment, trading, and production capabilities to adapt to the evolving market landscape [23].

文 | 国家能源之声 2025年政府工作报告明确指出：新型储能等新兴产业快速发展，成为能源转型的战略支撑。作为能 源领域的"国家队"，国家能源集团积极响应国家号召，在新型储能领域持续投入和创新，建成一批 示范工程。截至2025年1月，国家能源集团 在运新型储能项目共116项 ， 总规模3769.9兆瓦/8716.2 兆瓦时。 今天，让我们一起走进国家能源集团的代表性储能项目，探索这些"巨型充电宝"如何为能 源未来注入新动能！ 龙源电力宁夏腾格里"沙戈荒"新能源基地孟家湾储能电站 投运时间：2025年2月 规模：295兆瓦/590兆瓦时 龙源电力宁夏腾格里"沙戈荒"新能源基地孟家湾295兆瓦/590兆瓦时储能电站，是目前宁夏规模最 大的储能电站。该电站具有可快速实现调频调压、增加系统惯量、提升短路比、主动平抑电网大 小扰动等特点，可大幅增强新能源电力系统稳定性。该电站采用液冷技术电池组散热系统、单 PACK级探测+单PACK喷洒技术消防系统、智能化监视系统等，有效确保设备安全稳定运行。并 网后，按每天充放电1次、每次充放95%计算，每年可充放电1.9亿千瓦时，具有强大的能源调节储 备能力，为当地新能源发电企业提 ...

宜宾赴上海推介签约近500亿，含金量高：产业基金 再扩容，和长三角更紧密 "长江第一城"四川宜宾，将2025年首场省外投资推介会开到了上海。 3月25日上午，以"'宜'江向海 '沪'动未来"为主题的宜宾投资推介会在上海举行。 3月25日， 宜宾市2025长三角投资推介会暨项目合作协议签署仪式现场。 宜宾市经济合作和新兴产业局 图 澎湃新闻（www.thepaper.cn）从现场获悉，本次大会共签约项目130个，签约总金额达493.3亿元，其 中，基金项目18个共82.9亿元、长三角区域项目41个共206.62亿元。 宜宾市委书记方存好在致辞中介绍，宜宾借助IDG、中金、晨道等头部资本优势，合作组建18支、总规 模超300亿元的招商引资基金群，建立"基金机构导流—产业专班研判—对应县（区）承接"的漏斗工作 机制，三年多来通过合作资本推荐，成功签约落地项目34个，投资超1000亿元，成为全国同类城市中产 业基金投资最活跃、布局最完整的城市之一。 就在今年1月，宜宾重磅发布600亿基金矩阵及首期榜单。经过高频次对接，3月25日的签约项目中包含 18个基金项目。宜宾市经济合作和新兴产业局负责人聂莉表示，在上海这一金融 ...

以动力电池产业为标杆，宜宾已集聚120余个产业链项目，涵盖正负极材料、电解液等关键环节， 形成完备的产业生态；晶硅光伏产业从零起步，快速完成全产业链布局，2024年产值达288亿元；新型 储能产业依托中国中车，初步构建从研发、集成到关键部件的完整链条。 吉利控股集团有限公司资深副总裁、高级顾问俞学良在谈及落户宜宾的感受时表示："落户宜宾以 来，我们深切感受到这里优质的营商环境和广阔的发展前景。从政策扶持到服务效率，从基础设施到人 才资源，宜宾都为我们提供了全方位的支持和保障。这种贴心的服务和良好的投资环境，让我们对未来 的发展充满了信心。" 近年来，宜宾市积极探索招商引资新路径，推出"产业链+基金+资本+场景+科技+专业化公司+会 展"协同发展战略。今年初，宜宾在四川省率先举办产业投资基金群发布会，发布超600亿元的基金矩 阵，以及首期总规模196亿元的基金合作榜单。经过前期广泛对接31家意向基金机构，宜宾共链接项目 107个，在此次活动中签约基金机构8家，签约基金推荐项目18个、协议金额达82.9亿元。 "面向未来，宜宾将充分发挥产业基金的引领作用，重点布局新型储能、智能网联新能源汽车、人 工智能、低空经济 ...

Core Viewpoint - The company plans to invest in a shared energy storage project in Mishan City, Heilongjiang Province, with an estimated total investment of approximately RMB 410.52 million, aiming to enhance its market competitiveness and align with national energy policies [1][4]. Project Overview - The project is named the 100MW/400MWh shared energy storage project, with a total capacity of 400MWh, designed to support various wind power projects in the region [3][4]. - The project will utilize the mature lithium iron phosphate battery system and is expected to take about six months for construction [3][4]. Financial Aspects - The estimated total investment for the project is approximately RMB 410.52 million, with funding sourced from the company's own resources and financing from financial institutions [4]. - The internal rate of return for the project is estimated at 4.71% (after tax), with a payback period that is considered feasible [4]. Strategic Importance - The project aligns with national industrial policies and the energy system construction direction of Heilongjiang Province, providing the company with opportunities in the new energy storage sector [4]. - Accelerating the layout of new energy storage business is a necessary measure for the company to adapt to national energy policy trends and industry development, fostering new growth momentum [4]. Project Approval and Implementation - The project has received the necessary investment project filing commitment and is pending approval from the company's shareholders' meeting [3][5]. - The board of directors has authorized the management to commence preliminary work to avoid delays in project progress [3].

Core Insights - Yibin is enhancing its investment fund matrix to attract high-quality industries and create a robust industrial ecosystem, marking a shift from traditional investment attraction methods to a more innovative approach [1][4]. Investment Fund Matrix Development - Yibin signed 130 projects with a total investment of 49.33 billion yuan during the Yangtze River Delta Investment Promotion Conference, indicating strong collaboration with top domestic fund institutions [1][3]. - The city has launched a Fund Investment 2.0 model, focusing on sectors like new energy, new materials, and digital economy, aiming to leverage fund advantages in project recommendations and equity investments [3][5]. - Yibin's industrial investment fund matrix has grown to include 18 funds with a total scale of 30 billion yuan, supporting 34 projects with over 100 billion yuan in agreements since 2022 [5][8]. Advantages of Fund Investment - Fund investment offers a market-oriented risk management mechanism, enhancing efficiency and precision in attracting investments compared to traditional land and policy-based methods [8][9]. - The city emphasizes building connections with leading capital and high-energy enterprises to improve investment efficiency and effectiveness [8][9]. - Yibin's approach to fund investment includes nurturing local professional teams through collaboration with top capital institutions, enhancing local expertise in investment and industry [9][11]. Future Directions and Goals - Yibin plans to expand its fund matrix to exceed 60 billion yuan over the next three years, focusing on new technology and industry trends [13][16]. - The city aims to establish a 1 billion yuan technology achievement transformation fund to support early-stage investments in hard technology [13][15]. - Yibin is targeting future industries such as new energy storage, digital energy, and artificial intelligence, indicating a strategic shift towards nurturing emerging sectors [16][17]. Economic and Infrastructure Development - Yibin has significantly improved its business environment, with a comprehensive transportation system and enhanced service efficiency, which supports industrial growth [18][21]. - The city has achieved notable economic milestones, including a GDP exceeding 400 billion yuan and a tax revenue surpassing 60 billion yuan, driven by both emerging and traditional industries [21][22]. - Yibin's unique geographical advantages, such as abundant green energy resources, facilitate the development of new industries like electric vehicles and solar energy [23].

Core Viewpoint - The 13th Energy Storage International Conference and Exhibition (ESIE 2025) will be held from April 10-12, 2025, in Beijing, focusing on the theme "Digital Intelligence Empowering Industrial Transformation, Energy Storage Reshaping Energy Landscape" [1][16]. Group 1: Event Overview - The conference will feature an opening ceremony, five high-level dialogues, eight thematic salons, over 40 thematic forums, more than 50 business exchange activities, and over 500 new product launches [1]. - The exhibition area will exceed 160,000 square meters, hosting over 800 leading energy storage companies, and is expected to attract more than 200,000 participants from various sectors [2][32]. Group 2: Thematic Focus - The conference will address the integration of new energy storage into the electricity market, with discussions on market mechanisms, prospects, and operational practices [3][28]. - A specific forum will focus on the opportunities and challenges of AI models in the energy storage sector [10][11]. Group 3: Exhibition Highlights - Six major themed exhibition halls will cover the entire energy storage industry chain, including upstream materials, midstream technologies, and downstream applications [16][18]. - Key topics will include the latest energy storage policies, market operation mechanisms, and innovative applications in energy storage [28][29]. Group 4: Participation and Collaboration - The event will feature participation from government agencies, regulatory bodies, research institutions, and energy operators, fostering collaboration across the industry [1][32]. - International participation will include over 50 countries, enhancing global networking opportunities for Chinese enterprises [31][36].

文 | 中关村储能产业技术联盟 第 十 三 届 储 能 国 际 峰 会 暨 展 览 会 ESIE 20 2 5 将 于 4 月 1 0- 12 日 在 北 京 首 都 国 际 会 展 中 心 盛 大 启 幕！ 作为全球规模最大、规格最高的储能行业盛会之一，本届展会以"数智赋能产业变革，储 能重塑能源格局"为主题，汇聚800+储能一线品牌，同期设立40+主题论坛，政产学研领袖齐 聚，深度聚焦政策解读、市场研判、储能应用、技术研讨、储能标准、海外市场等行业关键话 题，诚邀您拨冗莅临。 本期公布 独立共享储能开发与实践 日程安排。 国网江苏省电力经济研究院五级职员 独立共享储能开发与实践 Stand-alone & Shared Energy Storage Development and Practice Forum 2025年4月11日 下午 April 11 pm, 2025 北京-首都国际会展中心-会议中心 Beijing - Capital International Exhibition & Convention Center - Conference Center EE 会议日程 LIENII E | ...

Core Viewpoint - The article highlights the recent announcement of the winning candidates for the EPC contract of a 300MW/600MWh centralized shared energy storage power station in Pingnan County, Guangxi, emphasizing the growing trend of large-scale energy storage projects in China [1][7]. Group 1: Project Overview - The project is located in Pingnan County, Guangxi, near the Poly High Plastic Products (Guangxi) Co., Ltd., with a distance of approximately 4.4 km from the Xiujin Substation and 1.1 km from the Pingrong Expressway, indicating convenient transportation [1]. - The total planned capacity of the energy storage system is 300MW/600MWh, with the initial phase to be constructed using lithium iron phosphate battery storage systems [1]. - The project will connect to the 220kV Xiujin Substation via a new 220kV line and will include the construction of a new 220kV booster station [2]. Group 2: Technical Specifications - The energy storage system will be equipped with a dynamic reactive power compensation device (SVG) with a capacity of 27MVar, and it is recommended to use liquid cooling for thermal management [2]. - The energy conversion efficiency of the storage unit during charge and discharge (measured in AC) is expected to be no less than 85%, excluding auxiliary equipment power consumption [2]. Group 3: Timeline and Events - The planned start date for the project is February 2025, with a construction period of 365 days [3]. - The 13th International Energy Storage Summit and Exhibition (ESIE 2025) is scheduled to take place from April 10 to 12, 2025, at the Capital International Exhibition Center, featuring over 800 leading enterprises and 500 new product launches [5].

Investment Rating - The report maintains a rating of "Outperform the Market" for the electricity sector [6]. Core Insights - The Ministry of Industry and Information Technology has announced a target for renewable energy to account for 30% of computing power centers by 2026, emphasizing green and low-carbon computing. This is expected to increase the demand for renewable energy consumption in data centers, leading to sustained growth in green electricity and green certificate consumption [1][10]. - The report expresses optimism regarding the transformation of thermal power companies into renewable energy operators, recommending several companies such as Sheneng Co., Shanghai Electric, and Huaneng International [5][10]. Summary by Sections Market Performance - From February 14 to February 21, the electricity sector (882528.WI) declined by 0.12%, underperforming the CSI 300 index, which rose by 1.00%. Year-to-date, the electricity sector has fallen by 5.09%, while the CSI 300 index has increased by 1.11% [2][14]. - The sub-sectors of thermal power, hydropower, and gas power saw changes of -0.93%, -1.25%, and -1.07% respectively during the same period [14][22]. Coal Prices and Inventory - The spot price of thermal coal in Qinhuangdao decreased by 2.67% month-on-month and by 23.64% year-on-year, with a current price of 730 RMB/ton [3][31]. - Coal inventory at Qinhuangdao increased by 3.38% month-on-month and by 40.88% year-on-year, reaching 7.03 million tons as of February 21 [4][36]. Investment Recommendations - The report continues to favor companies transitioning from thermal power to renewable energy operations, including Wanan Electric, Sheneng Co., and Huaneng International. It also recommends stable companies like China Nuclear Power and Three Gorges Energy [5][10]. - Specific recommendations include Longjiang Electric, benefiting from the injection of the Wuhai Power Station, and Huaneng Hydropower, which is expected to benefit from improving provincial market electricity prices [5][10]. Key News and Announcements - Jiangsu Province is encouraging renewable energy hydrogen production projects to participate in the electricity market, aiming for innovative management models [48]. - The Chongqing electricity spot market is set to begin trial operations on March 11, 2025, with a focus on optimizing clearing results based on real-time market conditions [48].