Core Viewpoint - The energy storage industry in China is transitioning from policy-driven growth to market-driven competition, with significant developments expected at the upcoming EESA Energy Storage Exhibition in August 2025 [1][3]. Group 1: Energy Storage Cell Development - The competition between energy storage cell manufacturers is intensifying, with various specifications such as 587Ah, 628Ah, and 1130Ah being developed [4]. - CATL's 587Ah cells have already been mass-produced, while other companies like EVE Energy and Hicharge are also advancing their large-capacity battery production [4]. - The upcoming EESA exhibition will serve as a critical platform to observe the evolution of these technologies and the competitive landscape between the 684Ah and 587Ah cell camps [4]. Group 2: Commercial Energy Storage 2.0 - The commercial energy storage sector is moving from a chaotic growth phase to a more professional and value-driven phase, termed "2.0" [5][6]. - New products are focusing on capacity enhancement, modularity, and flexibility to meet diverse application needs, with larger storage cabinets becoming mainstream [6]. - The EESA exhibition is anticipated to showcase innovative products and revenue models that could redefine the commercial energy storage landscape [6]. Group 3: Price and Value Dynamics - The pricing of energy storage cells has seen significant fluctuations, with prices for 280Ah and 314Ah lithium iron phosphate cells ranging from 0.28 to 0.37 yuan/Wh last year [7]. - A price war has emerged, with companies like Kelu Electronics and Wochen New Energy engaging in aggressive pricing strategies, pushing the market towards a focus on comprehensive value rather than just price [7][8]. - The EESA exhibition will reveal whether companies will continue to pursue high-cost performance strategies or shift towards a value-based service model [8]. Group 4: EESA Exhibition Insights - The upcoming EESA exhibition is expected to attract over 600 exhibitors and 150,000 professional visitors, providing a significant platform for industry insights and networking [10][11]. - The exhibition will feature over 180 specialized forums, covering topics such as energy storage policies, technology routes, and business models [12]. - Key industry players, including major companies like State Grid and Trina Solar, will participate, showcasing innovations in long-duration energy storage and integrated solar storage solutions [11][12]. Group 5: Audience Engagement and Participation - Last year's EESA exhibition attracted over 150,000 attendees, with a significant portion being decision-makers and procurement personnel [16]. - This year, the exhibition will offer various privileges for professional visitor groups, enhancing their experience and information acquisition [16][18]. - Teams attending the exhibition can also participate in a rewards program, incentivizing group attendance and engagement [19].

Core Viewpoint - The global user-side energy storage market is experiencing new development characteristics in the first half of 2025, driven by both policy and market adjustments, despite a short-term observation sentiment due to policy changes [1][3]. Market Status - The global commercial energy storage market has shown steady development in the first half of 2025, with a slowdown in new installed capacity growth due to unclear policy details [3][6]. - Leading companies have performed exceptionally well, with some achieving 400% year-on-year growth in signed contracts by completing one-third of their annual targets by May [6]. Overseas Market - The overseas market is developing differently, with the European commercial energy storage market showing significant growth, expected to reach 19.6 GWh of new installations by 2028, increasing its market share from 12% in 2024 to 25% [7]. Chinese Market - In China, from January to April 2025, the total grid-connected capacity reached 22.6 GWh, with user-side energy storage projects accounting for 0.696 GW/1.775 GWh, representing 7.8% of new energy storage connections [10]. - Manufacturing projects dominate the market, making up 85% of the demand, including both traditional high-energy-consuming industries and advanced manufacturing sectors like semiconductors [13]. Price Trends - Prices for commercial energy storage systems are on a downward trend, with the average price of a 215 kWh energy storage unit dropping from 0.8 yuan/Wh in January 2024 to 0.66 yuan/Wh, a decrease of approximately 18.75% [17]. Market Forecast for 2025 - The global commercial energy storage market is expected to add 15.26 GWh of new installations in 2025, with China contributing 10.56 GWh, pushing the market size beyond 10 billion yuan [20]. - The industry is entering a new phase characterized by diversified profit models, expansion into inland regions, and heightened safety and compliance requirements [20].

Core Viewpoint - The SNEC 2025 exhibition marks a significant shift in the energy sector, with energy storage taking a prominent role alongside solar energy, driven by policy changes and market dynamics [1][2]. Group 1: Industry Transformation Challenges - The commercial energy storage sector faces three core transformation challenges: reliance on single revenue streams, weak collaboration with other energy assets, and rigid operational strategies [3][6]. - The industry is transitioning from a focus on equipment performance to a competition based on comprehensive system capabilities, as highlighted by the introduction of the "Yuanjing Formula" by Yuanjing Technology Group [2][5]. Group 2: Policy and Market Dynamics - The implementation of the 136 document will push the energy storage industry from policy-driven growth to value-driven development, necessitating a shift towards market-oriented strategies [7][10]. - The introduction of time-of-use pricing policies by various provinces is designed to create a new electricity market structure, which will impact the profitability of energy storage systems [10][14]. Group 3: Yuanjing's Strategic Response - Yuanjing's strategy includes the launch of the "Stable Profit" commercial storage product, which aims to address industry pain points and maximize system value [2][11]. - The "Yuanjing Formula" is designed to redefine the value assessment of commercial energy storage, emphasizing the importance of intelligent software and hardware collaboration [19][21]. Group 4: Revenue Model Evolution - The revenue model is evolving from a simplistic peak-valley price difference to a dynamic multi-scenario value maximization approach, requiring advanced technology and operational flexibility [24][29]. - Yuanjing's dual-loop strategy integrates internal and external operational capabilities, enhancing the economic value of energy storage systems [15][16]. Group 5: Competitive Landscape - The competitive landscape in the commercial energy storage sector is shifting, with companies needing to adapt to new dimensions of competition or risk being sidelined [28][34]. - Yuanjing has established a comprehensive capability system that combines technology, financial services, and AI-driven trading, positioning itself as a leader in the market [28][33].