Core Viewpoint - Gresham House Energy Storage Fund (GRID) has successfully secured $305 million (approximately £240 million) in refinancing to expand its 1GW battery storage portfolio across the UK, optimizing its capital structure and injecting new vitality into the UK's energy transition [3][8]. Group 1: Financing Details - The refinancing was led by NORD/LB in collaboration with Santander, Commonwealth Bank of Australia (CBA), Rabobank, and Aviva [4]. - This refinancing will replace existing debt, providing more favorable financing conditions, reducing costs, and extending debt maturities to lay the groundwork for future expansion [4]. - CBA contributed its experience from large-scale battery projects in Australia [4]. Group 2: Market Position and Strategy - GRID currently operates 28 storage projects, accounting for approximately 20% of the UK's total storage assets, making it one of the largest players in the market [5]. - The new financing will enhance existing battery capacity and increase grid flexibility, while also helping to develop additional revenue streams such as frequency regulation, capacity services, and market arbitrage [5]. Group 3: Revenue Protection and Future Outlook - To hedge against electricity market volatility, GRID has recently signed long-term hedging agreements with Statkraft Markets and Markel Bermuda, covering half of its portfolio revenue [6]. - Future optimization through balancing mechanisms is expected to generate approximately $53 million (£42 million) in revenue [6]. Group 4: Industry Significance - The refinancing case of GRID highlights the increasing recognition of storage assets in the capital markets and the effectiveness of long-term hedging mechanisms in reducing risks and enhancing financing capabilities [7]. - The UK Battery Energy Storage System (BESS) market is anticipated to accelerate further, attracting more international capital and developers [7]. - The projects are expected to play a crucial role in accelerating the UK's renewable energy transition, providing greater flexibility and stability to the national grid [7].

关注公众号，点击公众号主页右上角" ··· "，设置星标 "⭐" ，关注 鑫椤锂电 资讯~ 本文来源：储能前沿 7月30日，海辰储能宣布， 近日其与太阳能及储能基础设施领域头部开发商Elements Green签署合作协 议。 根据合作协议，海辰储能将为其在英国的项目供应电池储能系统， 总规模达720MWh。 该项目被称为英 国迄今最大规模的储能项目之一， 预计于将2027年建成投运 ， 助力当地及欧洲的可再生能源转型进 程。 根据合作协议，海辰储能将提供行业先进的 5MWh 直流侧储能系统，并配套全定制化集成解决方案。凭 借前沿技术与系统集成优势，海辰储能将确保项目实现高效率、高安全性与长周期寿命，为稳定英国电 网、助力该国达成净零排放目标提供关键支撑。 END Elements Green是一家总部位于英国的太阳能与储能基础设施领域头部开发商，其团队在英国、欧盟以 及国际市场上拥有15年的项目开发经验，目前其规划中的新建项目规模超过16GW。 进固态电池群 ，加小编微信：13248122922 注：添加好友请备注 公司名称、姓名、职务，入群需发送1张您的纸质名片~ ...

Core Viewpoint - The European offshore wind construction is accelerating due to improved strategic importance, reduced project costs, and policy-driven initiatives [3][4]. Group 1: Strategic Importance - The strategic importance of offshore wind has increased following the natural gas crisis triggered by the Russia-Ukraine conflict, leading to a consensus among European countries to transition to renewable energy [3]. - The "Ostend Declaration" established a target for North Sea countries to achieve 120GW of offshore wind capacity by 2030 and over 300GW by 2050 [3]. Group 2: Cost Reduction - Financing rates for offshore wind projects in Europe have decreased due to eight interest rate cuts by the European Central Bank since June 2024 [3]. - The development cost of offshore wind has dropped from $5,418/kW in 2010 to $3,138/kW in 2023, while the Levelized Cost of Energy (LCOE) has fallen from $0.205/kWh to $0.067/kWh during the same period [3]. Group 3: Policy Goals - Various European countries have set clear policy goals and reformed auction systems to promote offshore wind development [4]. - The UK aims for 43-50GW of offshore wind capacity by 2030, with reforms to the Contracts for Difference (CfD) auction system to facilitate project development [4]. - Germany's new policy goals aim for cumulative offshore wind capacity of 30GW by 2030, 40GW by 2035, and 70GW by 2045, leading to a resurgence in project development [4]. - The Netherlands plans to tender 11GW of offshore wind capacity over the next three years to meet its 21GW target by 2032 [5]. - Poland is emerging as a new offshore wind market, with its first project starting construction by the end of 2024 and an expected 6GW of new capacity from 2025 to 2030 [5].

Group 1: Core Insights - China has become a significant force in the global economic landscape, influencing business and investment decisions amid complex market conditions [1][2] - Tim Campbell, CEO of Baillie Gifford, emphasizes the importance of long-term investment strategies and the need to focus on long-term trends rather than short-term noise [1][2][9] Group 2: ESG Investment Perspective - ESG factors are critical in the investment process, especially for long-term holdings, as companies with poor ESG practices struggle to succeed over time [2][12] - Baillie Gifford engages with portfolio companies to ensure adherence to the highest industry standards for sustainable development [2][12] Group 3: Emerging Market Opportunities - Tim Campbell expresses optimism about the investment potential in emerging markets, particularly China, highlighting rapid developments in electric vehicles, e-commerce, and solar energy [2][15] - The resilience of China's consumer market and technological innovation capabilities position it well to navigate tariff policies and geopolitical uncertainties [2][11] Group 4: Investment Decision Factors - Successful investment relies on a well-structured investment team culture and incentive mechanisms, with a focus on long-term performance [6][9] - Unique and valuable research inputs are essential for making differentiated investment decisions, as demonstrated by Baillie Gifford's early investments in companies like Tesla [7][9] Group 5: China's Competitive Edge - Chinese companies exhibit remarkable efficiency and competitiveness, which are crucial for their success in the global market [18][19] - The intense competition in sectors like electric vehicles and solar energy drives Chinese firms to excel and innovate [19][20] Group 6: Future Economic Trends - Despite current economic challenges, the long-term growth trajectory of the Chinese economy remains positive, with significant achievements in poverty alleviation and GDP growth [20][21] - Key sectors for future growth in China include healthcare, e-commerce, and renewable energy, with a focus on identifying valuable investment opportunities [21][22]

Core Viewpoint - The global transition to renewable energy is now "irreversible" and "unstoppable," with a call for comprehensive new climate plans ahead of COP30 [1][2] Group 1: Investment and Economic Impact - Global clean energy investment reached $2 trillion last year, exceeding fossil fuel investment by $800 billion, marking a nearly 70% increase over the past decade [1] - The clean energy sector contributed 10% to global GDP growth in 2023, with employment in this sector surpassing that in fossil fuels [2] Group 2: Cost Competitiveness - The cost of solar energy has decreased to 41% lower than fossil fuels, while offshore wind energy is now 53% cheaper than fossil fuels [1][2] - The global installed capacity of renewable energy is nearly on par with fossil fuels, with almost all new power generation capacity coming from renewables last year [2] Group 3: Energy Security and Accessibility - Renewable energy offers true energy security, reducing dependence on fossil fuels that are subject to price shocks and geopolitical instability [2] - The deployment of solar and wind energy is faster, cheaper, and more flexible compared to fossil fuels [2] Group 4: Opportunities for Acceleration - Six key opportunity areas for accelerating the energy transition were identified: ambitious national climate plans, modernized grids and storage systems, sustainable energy demand fulfillment, equitable energy transition for workers and communities, trade reforms to broaden clean technology supply chains, and mobilizing funds for emerging markets [2] Group 5: Funding Requirements - Clean energy funding must increase more than fivefold by 2030 to meet the 1.5°C temperature control target and ensure energy accessibility [2] - A call for reforming global finance to enhance the lending capacity of multilateral development banks and implement effective debt relief actions was made [2]

中金研究 我们展望2H25全球储能市场，表前与表后侧储能均有望迎来快速增长，2025年全球储能出货有望达390GWh，同比增长16%。 点击小程序查看报告原文 Abstract 摘要 我们预计2025 年全球储能需求保持高增。 我们预计2025年全球储能出货量将达到 390GWh以上，同比+16%，其中中国/美国/欧洲/澳洲/日本其他地区（不 含通信储能）分别为133/90/63/7/3/83GWh，同比分别+16%/-13%/+29%/+15%/+12%/+59.0%，考虑到美国市场关税问题，我们将美国2025年预测出货量从 原本的143.5GWh下调为90GWh。 表前侧储能：风光发电渗透率提升，电力市场化政策持续推进，储能经济性持续提升，我们预期2025年全球大储出货量超300GWh，同比+13%。 我们判 断欧洲计划降低对俄罗斯的能源依赖保证能源安全，将推动新能源发展带动储能需求增长。中长期在新能源装机上行、电网消纳压力下，持续催化储能需 求。我们认为美国市场短期因2026年1月起"301关税"上调，或带动2H25储能抢装，中期维度新能源+储能逐步实现与传统能源平价，增长空间广阔。中国 市场叫停"强制 ...

Group 1 - The article highlights the contrasting energy policies of China and the United States, with China leading in clean energy sales while the U.S. focuses on fossil fuels [1] - China has installed more wind turbines and solar panels than the rest of the world combined last year, indicating its dominance in the clean energy sector [1] - Chinese companies are expanding globally, building electric vehicle and battery factories in countries like Brazil, Thailand, Morocco, and Hungary [1] Group 2 - The article notes that the U.S. had opportunities to lead in clean energy but has faced policy fluctuations and resistance from the fossil fuel industry, particularly during the Trump administration [4] - China's production of polysilicon, a key material for solar panels, has increased to over 90%, compared to nearly half produced by the U.S. in 2008 [5] - The automation of factories in China has led to a significant increase in robot installations, with China installing more robots annually than the rest of the world combined [6] Group 3 - The article predicts that by 2035, solar and wind energy will become the two main sources of electricity production, surpassing coal and natural gas [5] - The global energy demand is expected to grow, with a shift towards cleaner and cheaper energy sources, positioning China favorably in the market [5] - The article concludes that while the U.S. may change its energy strategy in the future, China's early investments in clean energy are already yielding returns [7]

Core Viewpoint - Envision Energy has signed an EPC agreement with Kallista Energy to build a 120MW/240MWh lithium iron phosphate battery storage project in France, marking a significant step in its expansion into the European market [1] Group 1: Project Details - The project is set to commence construction in June 2025 and will provide peak shaving services to the French grid through RTE's reserve market [1] - Envision Energy will deploy its complete set of DC, AC systems, and PCS, along with a long-term service agreement (LTSA) of no less than 14 years to ensure operational continuity [1] Group 2: Strategic Importance - France is identified as a key market in Envision's European strategic layout, and the collaboration with Kallista Energy is seen as a crucial milestone in this development [1] - The project aims to support grid stability and accelerate the transition to renewable energy through safe, reliable, and scalable smart storage solutions [1] Group 3: Kallista Energy Overview - Kallista Energy, established in 2005, is an independent renewable energy producer involved in the entire value chain of renewable energy, including development, financing, construction, operation, and project retirement or upgrade [1] - The company currently operates 40 wind and solar power plants and electric vehicle charging stations in France, the Netherlands, and Germany, with 90 high-speed charging stations under construction [1] Group 4: Industry Position - Envision Energy is recognized as a global leader in smart energy storage system integration, ranking third in system shipments worldwide in 2024 [2] - The company focuses on developing full-stack, full-industry chain, and full-lifecycle service capabilities to contribute to a safer and more reliable net-zero future energy system [2]

Group 1 - The core viewpoint of the articles highlights the rapid growth of renewable energy capacity in China and globally, with China's renewable energy generation capacity expected to increase by over 370 million kilowatts in 2024, contributing to a global total of approximately 4.45 billion kilowatts, a 15% year-on-year increase [1] - The integration of renewable energy sources like wind and solar into the power system poses challenges due to their intermittency and volatility, necessitating stronger regulation capabilities within the power system [1] - Pumped storage power stations are identified as crucial for supporting the development of renewable energy, providing essential energy storage and stability to the power grid [1][2] Group 2 - Pumped storage power stations, often referred to as "super batteries," utilize low-load electricity to pump water to an upper reservoir and release it during peak demand, making them the most mature and economically viable energy storage technology in China [2] - As of the end of 2024, China's total installed capacity of pumped storage power stations is projected to reach 58.69 million kilowatts, with an additional 200 million kilowatts approved for construction [2] - The technology has advanced significantly, with the largest pumped storage power station in the world, Fengning, boasting a capacity of 3,600 megawatts, showcasing China's leadership in this field [2] Group 3 - Current challenges in pumped storage technology include site selection limitations, long construction periods, and insufficient second-level regulation capabilities [3] - The industry is expected to enter a critical phase of large-scale, intelligent, and market-oriented development over the next 5 to 10 years, with a focus on the collaborative development of pumped storage and new energy storage technologies [3] - A multi-level energy storage system combining long-term and short-term storage solutions is proposed to support the stable operation and efficient consumption of high proportions of renewable energy [3]

5月28日，由水电水利规划设计总院编制的《中国可再生能源发展报告2024年度》（以下简称《报告》）正式发布。《报告》从资源开发、建 设利用、产业技术、政策要点、国际合作等多个维度，系统全面地分析了我国可再生能源发展情况。 从技术发展角度来看，《报告》显示，我国"超大型"风电机组技术继续领跑全球，陆上机组最大下线单机容量15兆瓦，海上机组最大下线单 机容量26兆瓦，核心部件制造及测试能力不断升级。光伏组件进入大尺寸高功率时代，光伏逆变器额定功率稳步提升，组串式逆变器装机容量占 比超80％。抽水蓄能电站机组呈现高水头、大单机容量趋势，变速机组国产化步伐加快。新型储能电站逐步呈现集中式、大型化趋势，锂离子电 池储能仍占主导，占比约96％。 "我国可再生能源高质量发展迈上新台阶、重大建设取得新成绩、创新发展实现新突破、体制机制改革注入新活力。"国家能源局党组成员、 副局长万劲松在发布会上表示，希望全行业在今年及"十五五"期间，主动适应全面市场化发展的新形势新要求，更加重视高质量发展，积极推动 集成发展，建立适应新能源发电特点的产业体系。 报告发布会现场。水电水利规划设计总院供图 "2024年全球可再生能源装机容量达到 ...