Core Insights - Multiple provinces in China, including Hebei, Gansu, Ningxia, Shandong, and Inner Mongolia, have introduced capacity pricing and compensation policies, providing strong baseline returns for energy storage [1] - The entry of renewable energy into the market has significantly widened the peak-valley price difference in various provinces, with notable increases in installed capacity in Shandong and Shanxi leading to a marked rise in peak-valley price differences this year [1] - The combination of capacity pricing, compensation policies, and market-based peak-valley arbitrage allows for favorable economics for energy storage projects in several provinces, particularly in Inner Mongolia [1] - The analysis indicates that photovoltaic projects utilizing self-generated storage to shift electricity to high-price periods will demonstrate significant economic viability, with self-generated storage expected to become a trend in regions facing consumption difficulties [1] - Global demand for energy storage is surging, driven by the increasing penetration of renewable energy and declining costs of storage systems, leading to a synchronized demand for energy storage both domestically and internationally, thus ushering the sector into a new cycle [1]