Core Insights - The report by the Zhongguancun Energy Storage Industry Technology Alliance highlights the current bottlenecks in the energy storage market, including imbalanced revenue structures, the need for improved mechanisms, and a lack of cost guidance for capacity [1][2][3] Group 1: Current Market Challenges - The cancellation of pre-storage conditions has led to a contraction in capacity leasing demand, with typical project IRR in major provinces being negative when relying solely on energy and ancillary service market revenues [1][3] - A unified national capacity compensation mechanism has not yet been established, resulting in significant differences in local pilot policies and a lack of standardized reliable capacity accounting [2][3] Group 2: Policy Recommendations - The report suggests constructing a phased capacity compensation mechanism to align with the unified electricity market development, ensuring fair participation of various technologies through standardized reliable capacity calculations [1][3] - It recommends establishing a unified capacity electricity price compensation mechanism on the generation side, considering energy planning, supply-demand relationships, and user affordability, with new energy storage to be compensated at the same standard as traditional sources [4] Group 3: Future Market Mechanisms - In the medium term, the transition to a unified capacity market mechanism on the generation side should involve centralized auctions based on capacity reporting and pricing limits, with capacity needs determined 2-3 years in advance [4] - The long-term goal is to create a unified capacity market mechanism that reflects the time value of different capacity resources, with capacity fees calculated based on "time-based awarded capacity x time-based electricity price" [4]