Industry Overview - Spain's battery energy storage sector is experiencing unprecedented expansion, second only to the United States [2] - The Spanish Ministry for Ecological Transition and Demographic Challenge (MITECO) announced a new funding plan of approximately €2 billion (about 163.93 billion RMB) to strengthen the domestic industrial value chain and accelerate energy transition, with €300-350 million allocated for wind power facility upgrades and energy storage system construction [2] - MITECO also initiated a €750 million special plan to promote domestic battery manufacturing, supported by €699 million from the EU for deploying 3.5 GW of new storage capacity [2] - By the end of October, the Spanish government preliminarily selected 143 energy storage projects with a total capacity of nearly 9 GWh, which will receive EU-supported capital expenditure subsidies totaling approximately €840 million (about 68.87 billion RMB) [2] - According to an EY report, Spain plans to develop battery energy storage systems (BESS) with an installed capacity of about 16 GW by 2030, accounting for 29% of the global total installed capacity of 55 GW [2] - The Spanish energy storage market is projected to grow from approximately $417 million in 2019 to $2.1 billion (about 149.41 billion RMB) by 2029 [2] Company Activities - Chinese companies are actively seizing opportunities in Spain's rapidly growing energy storage market, with several firms, including Huawei Digital Energy, Risen Energy, Jinlang Technology, Zhuoyang Energy, and Guanlong Electric, showcasing their products at the GENERA 2025 exhibition [3] - Huawei Digital Energy highlighted its Luna2000 energy storage system series, offering flexible capacity configurations of 107, 161, or 215 kWh, with a system cycle efficiency of 91.3% [4][7] - Risen Energy presented three integrated solar-storage solutions targeting residential, commercial, and large-scale ground power station applications, focusing on a comprehensive smart energy ecosystem [8][10] - Mai Tian Energy showcased a full range of products covering residential and commercial applications, including stable EP series batteries and advanced integrated systems [13] - Jinlang Technology launched the new Evercore series energy storage solutions, featuring configurations of 100 kW/120 kWh and 261 kWh, designed for outdoor harsh environments with high protection ratings [15][17] - Zhuoyang Energy displayed its upgraded Z BOX-C PLUS (261 kWh) and other products, emphasizing local optimization for the European market and strategic partnerships for competitive large-scale storage solutions [18][20] - Guanlong Electric presented a comprehensive product matrix for residential, commercial, and large-scale storage, tailored to meet local market demands with intelligent energy management systems [21][23]

交易前，精控能源由创始人等自然人合计控制44.79%的股权及对应表决权。上述文件并未披露此次交易的具体财务规模。 资料显示，标的公司精控能源成立于2015年，总部位于江苏苏州，专注于锂离子电池储能系统业务。而作为收购方的隆基绿能成立于2000年，是 上海证券交易所的上市公司，其核心业务覆盖单晶硅片、电池组件、分布式与地面光伏解决方案，并已涉足氢能装备。战略考量：光伏承压，储 能成新增长引擎 在光伏行业普遍调整的背景下，又一家行业巨头将目光投向了高增长的储能赛道。全球最大的太阳能制造商之一隆基绿能科技股份有限公司计划 收购储能系统集成商苏州精控能源，寻求在核心业务之外打造新的增长引擎。 据陕西省市场监督管理局11月13日的一份公开文件显示，隆基绿能拟通过收购股权、增资及表决权委托等一系列安排，取得精控能源约62%的表 决权，从而实现对后者的单独控制。精控能源的主营业务为锂离子电池储能系统。 此举正值全球储能市场需求持续井喷。随着可再生能源发电渗透率不断提升，电力系统对储能的需求日益迫切，为相关企业带来了巨大的市场机 遇。据媒体报道，隆基的此次布局，意在追随其主要竞争对手天合光能与晶科能源的步伐，这两家光伏巨头此 ...

Group 1: Company Overview and Strategic Transformation - The company has completed its strategic transformation since 2020, with the business structure and capacity structure adjustments finalized by the end of 2024 [1] - The business is divided into three main sectors: new energy storage, communication and data center storage, and consumer lithium batteries [2] Group 2: New Energy Storage Sector - The company has participated in nearly 500 energy storage projects since 2008, establishing a strong industry position and experience [1] - The current backlog of large-scale energy storage orders is approximately 7.8 GWh, with 5 GWh from domestic sources and 2.8 GWh from overseas, primarily from Australia, Europe, and the UK [2] Group 3: Communication and Data Center Storage - The company has 30 years of experience in the production and application of backup power systems for data centers, with a focus on high-power lithium battery systems [2] - The expected revenue from high-voltage lithium batteries is projected to reach 1 billion yuan by 2025, with anticipated significant growth in the following year [2] Group 4: Consumer Lithium Battery Sector - The company has begun actively developing consumer lithium batteries since 2024, targeting electric three-wheelers and low-speed four-wheelers [2] - Collaborations with various well-known brands are established, which will enhance cash flow and improve lithium battery capacity utilization [2] Group 5: Production Capacity and Future Plans - The current production capacity for large-scale lithium batteries is 4 GWh, with an integrated capacity of 10 GWh expected to be completed by the end of the year [3] - The company plans to expand data center lithium battery production capacity from 1.5 GWh to 2.5 GWh next year, with the ability to quickly scale up if demand increases [4] Group 6: Competitive Landscape and Technology - In North America, the main competitors are Samsung and LG, with the company's lithium batteries utilizing a lithium iron phosphate technology that offers superior safety and cycle life [4] - The company has secured a 2.8 GWh order for semi-solid batteries, marking a significant step in the commercialization of solid-state battery technology [4]

Core Viewpoint - Chuangneng New Energy signed a strategic cooperation agreement with UK-based Immersa for a 2.5GWh energy storage project, focusing on the CORNEX M5 battery module, aiming to enhance global market presence and technological innovation [1]. Group 1: Strategic Cooperation - The agreement outlines a five-year collaboration to achieve 1.25GWh to 2.5GWh in energy storage projects, establishing a global strategic partnership for product supply, after-sales service, and project development [1]. - This partnership is expected to accelerate technological innovation and diversify product offerings in the global energy storage market [1]. Group 2: Product Showcase - At the 2025 European Smart Energy Expo, Chuangneng showcased advanced energy storage products, including a new generation 472Ah high-capacity battery and the 5MWh CORNEX M5 battery module, highlighting their commitment to high-quality and diverse solutions [1]. - The company aims to provide innovative solutions for global energy storage applications, contributing to the industry's development [1]. Group 3: Market Expansion - Over the past two years, Chuangneng has accelerated its global market expansion, forming strategic partnerships with several overseas renewable energy companies, including Ever Energy and Bison Energy [1]. - The company leverages technological innovation and product iteration to gain a competitive edge in the global renewable energy market [1].