JinkoSolar (NYSE:JKS) Q3 2025 Earnings Call November 17, 2025 07:30 AM ET Company ParticipantsXiande Li - Chairman and CEOCharlie Cao - CFOPan Li - CFOGener Miao - CMOStella Wang - Head of Investor RelationsMengmeng Li - TranslatorRajiv Chaudhri - Founder and PresidentConference Call ParticipantsPhilip Shen - Senior Research AnalystTyler Bisset - Vice President and Equity Research AnalystAlan Lau - Managing Director and Senior Equity Research AnalystMengmeng LiHello, ladies and gentlemen, and thank you for ...

Core Insights - The article discusses the rapid growth of energy storage in data centers, driven by major tech companies like Alibaba and Douyin, as they ramp up AI infrastructure and energy consumption [2][3][6]. Group 1: Alibaba's Energy Storage Initiatives - Alibaba is investing 380 billion in AI infrastructure, expecting data center energy consumption to increase tenfold by 2032 [3]. - To manage this increased energy demand, Alibaba aims to reduce its Power Usage Effectiveness (PUE) from 1.25 to below 1.1, focusing on technologies like immersion cooling, photovoltaic storage systems, and photonic chips [3]. - A joint project with Mingyang Smart Energy will launch in 2024, featuring a 200 MW wind power and a 40 MW/160 MWh energy storage system, with an expected annual output of 797 million kWh [3][4]. Group 2: Douyin's Energy Storage Plans - Douyin plans to procure over 200 MWh of large-scale lithium battery storage and associated wind and solar equipment, with a project launch set for November 2025 [6]. - The energy consumption of Douyin's data centers is among the highest in the internet industry, with a single large data center projected to consume over 1 billion kWh annually in 2024 [7]. Group 3: Industry-Wide Trends - Other tech companies, including Tencent, are also investing in data center energy storage, with Tencent's Tianjin data center expected to produce 12 million kWh of green electricity annually [8]. - By 2030, global data center energy storage capacity is projected to reach 262.5 GWh, with China's market expected to exceed 100 GWh [8]. - Companies like CATL, BYD, and others are positioning themselves to capture market share in the rapidly growing energy storage sector, with a projected domestic market size of 800 GWh over the next three years [10].