Core Viewpoint - The company Wanliyang (002434) is focusing on the development of energy storage power stations, particularly in the grid-side and user-side sectors, to provide flexible power regulation services [1] Group 1: Current Operations - Wanliyang's subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu provinces, primarily providing frequency regulation services for power plants [1] - The company has already put into operation two grid-side independent energy storage power stations: the "Wanliyang Duanzhou Independent Energy Storage Station" in Zhaoqing, Guangdong, with a capacity of 100MW/200MWh, and the "Yiwu Wanliyang Suxi Substation Independent Energy Storage Station" in Yiwu, Zhejiang, also with a capacity of 100MW/200MWh [1] Group 2: Future Developments - The company plans to focus on the development of grid-side independent energy storage stations and user-side energy storage stations in the coming years [1] - Currently under construction are two grid-side independent energy storage stations: the "Wanliyang Gaoming Independent Energy Storage Station" in Foshan, Guangdong, with a capacity of 200MW/400MWh, and the second phase of the "Yiwu Wanliyang Suxi Substation Independent Energy Storage Station" in Yiwu, Zhejiang, with a capacity of 50MW/100MWh, expected to be operational in the second half of 2025 [1]

Core Viewpoint - The company, Wanliyang, is actively developing its energy storage projects, focusing on both grid-side and user-side energy storage systems, with significant operational capacity already established and future projects underway [1] Group 1: Current Operations - The subsidiary, Wanliyang Energy, has operational energy storage power stations in Guangdong and Gansu provinces, primarily providing frequency regulation services to power plants [1] - Two grid-side independent energy storage stations are already operational: the "Wanliyang Danzhou Independent Energy Storage Station" in Zhaoqing, Guangdong, with a capacity of 100MW/200MWh, and the "Yiwu Wanliyang Suxi Transformer Independent Energy Storage Station" in Yiwu, Zhejiang, also with a capacity of 100MW/200MWh [1] Group 2: Future Developments - The company plans to focus on developing grid-side independent energy storage stations and user-side energy storage stations in the coming years [1] - Ongoing construction includes the "Wanliyang Gaoming Independent Energy Storage Station" in Foshan, Guangdong, with a capacity of 200MW/400MWh, and the second phase of the "Yiwu Wanliyang Suxi Transformer Independent Energy Storage Station" in Yiwu, Zhejiang, with a capacity of 50MW/100MWh, expected to be operational in the second half of 2025 [1]