Core Insights - The report highlights the rapid growth and development of new energy storage in China, emphasizing its leading position globally and the promising future of the industry [1][4]. Global Competition: Policy and Market Drivers - New energy storage has become a core area in the global energy transition, with countries increasing strategic investments through policy incentives and market innovations. The global installed capacity of new energy storage reached 180 million kilowatts in 2024, nearly doubling from 2023, with significant contributions from the US, UK, and Australia [2][3]. Technological Exploration - Various countries are making breakthroughs in energy storage technologies, including lithium-ion battery applications in Australia and metal-air batteries in Japan and the US. Major projects are being implemented globally, expanding the application scenarios for new energy storage [3]. China's Leadership: Scale and Quality - In 2024, China's new energy storage development showcased significant policy improvements, rapid scale growth, diverse technologies, and deepened applications. China has built an installed capacity of 73.76 million kilowatts, accounting for over 40% of the global total, with a 130% increase from 2023 [4][5]. Application Scenarios - The application of new energy storage focuses on three main areas: independent and shared storage (46%), renewable energy integration (42%), and significant improvements in utilization efficiency, with an average annual equivalent utilization of 911 hours [5][6]. Technological Breakthroughs - China's new energy storage technology is characterized by a leading mainstream (lithium-ion batteries) and diverse breakthroughs. Lithium-ion batteries account for 96.4% of the market, with significant advancements in capacity and safety [6][7]. Industry Expansion: Scale and Cost Optimization - The lithium-ion battery production in China reached 1.17 billion kilowatt-hours in 2024, with a total output value exceeding 1.2 trillion yuan. The production of energy storage batteries has been increasing for three consecutive years [7][8]. Future Outlook: Clear Path for High-Quality Development - By 2025, new energy storage is expected to transition to high-quality development, with a focus on large capacity, low cost, and long-duration storage. The report emphasizes the importance of technological innovation and international cooperation in achieving these goals [9].

文 | 安徽省能源局 8月7日，安徽省能源局发布关于公开征求《关于做好新型储能调度运行结算工作的通知 （征求意见稿）》意见的公告。 其中提到： 以下为征求意见稿全文： 关于做好新型储能调度运行结算工作的通知 （征求意见稿） 各市发展改革委，省电力公司，有关企业： 《 国 家 能 源 局 关 于 促 进 新 型 储 能 并 网 和 调 度 运 用 的 通 知 》 （ 国 能 发 科 技 规 〔 2 0 2 4 〕 2 6 号）要求，结合我省实际，现就新型储能调度运行结算等有关事项通知如下： 一、明确调用场景 在发生以下危及电力系统安全事故（事件）及其他必要情况时，所有调管范围内的新型储 能应接受电力调度机构统一直接调用： 为促进我省新型储能高质量发展，健全新型储能调度运行机制，根据《国家发展改革委 国家能源局关于加快推动新型储能发展的指导意见》（发改能源规〔2021〕1051号）、 （一） 充放电价结算： 电力调度机构直接调用独立新型储能充、放电价按调用时间节点 现货市场实时电价结算。 （二） 保供支持补贴： 对独立新型储能2025年7月、8月、12月上网总放电量，按0 . 2元/ 千瓦时给予补贴；2026年1 ...

Core Insights - Zhaoqing's investment attraction performance in the first half of the year shows significant growth in both quantity and quality, with a focus on high-quality development and industrial upgrades [1][2] Group 1: Investment Performance - In the first half of the year, Zhaoqing introduced 349 industrial projects with a planned investment of 699.7 billion yuan, representing a year-on-year increase of 6.3% [1] - The manufacturing sector saw 273 new projects, accounting for 83.7% of total projects, with a planned investment of 585.6 billion yuan, up 9.8% year-on-year [1] - The city has an impressive project initiation rate, averaging one project introduced every 0.7 days and one project commenced every 0.8 days [1] Group 2: Project Efficiency - Zhaoqing achieved a project signing rate of 114 projects with a total investment of 951.4 billion yuan during five major provincial investment events, with a high commencement rate of 95.6% [2] - The city has a funding availability rate of 53.8%, ranking among the top in the province, indicating strong project conversion efficiency [2] Group 3: Industry Focus - Zhaoqing is concentrating on key industries such as new energy vehicles, new energy storage, and electronic information, with 135 projects in these sectors and a planned investment of 332.5 billion yuan, which is a 6.6% increase year-on-year [2] - These "leading + characteristic" projects represent nearly 60% of the planned investment in the manufacturing sector, highlighting the city's focus on enhancing industrial chain clusters [2]

"南方地区增速较快，已投运新型储能装机占全国的15.4%，与2024年年底相比增加3个百分点，主要原 因是广西、云南等水电占比较高、调节资源相对充裕的省份，由于新能源快速发展，调节能力逐步趋 紧，新型储能发展需求不断增加。"边广琦说。 7月31日从国家能源局获悉，今年上半年，全国新型储能装机规模达到9491万千瓦/2.22亿千瓦时，较 2024年年底增长约29%，新型储能保持平稳较快发展态势。 国家能源局能源节约和科技装备司副司长边广琦在当日举行的国家能源局例行新闻发布会上表示，2025 年上半年，新型储能保持平稳较快发展态势。华北、西北、南方地区是上半年新型储能主要增长区，占 全国新增装机的80%以上。 近年来，我国新型储能快速发展，在新型电力系统中作用日益凸显，有力促进新能源开发消纳，提高电 力系统安全稳定运行水平。7月份以来，我国多地出现持续高温，用电负荷快速增长，新型储能发挥顶 峰保供作用。其中，江苏、山东、云南先后开展全省新型储能电站用电高峰期间集中调用，最大放电功 率分别达714万千瓦、804万千瓦、474万千瓦，调用同时率达到95%以上。 此外，会上发布《中国新型储能发展报告(2025)》，总结 ...

Core Insights - The economic performance of Guangdong's cities in the first half of the year shows a stable contribution from major cities like Shenzhen and Guangzhou, while smaller cities in the eastern, western, and northern regions demonstrate impressive growth rates [1][2][4] Economic Performance Overview - Shenzhen and Guangzhou both surpassed 1.5 trillion yuan in GDP, with Shenzhen leading at 1.83 trillion yuan and a growth rate of 5.1%, contributing significantly to the province's overall GDP growth [2][5] - The combined GDP of the four major cities (Shenzhen, Guangzhou, Foshan, and Dongguan) exceeded 4.5 trillion yuan, accounting for over 60% of Guangdong's total GDP of 68.73 trillion yuan [2][5] Growth Rate Highlights - Meizhou, Shanwei, and Zhaoqing recorded the highest growth rates, with Meizhou achieving a 5.7% increase, while seven out of ten cities with growth rates above or equal to the provincial level are located in the eastern, western, and northern regions [1][2] - Zhaoqing emerged as a "dark horse" with the highest export growth rate of 16.7%, driven by the development of the new energy storage industry [3] Industrial Performance - Guangzhou's industrial added value increased by 0.7%, marking the first positive growth since last year, with significant contributions from the automotive and emerging industries [4][5] - The automotive parts manufacturing sector in Guangzhou saw a remarkable growth of 48.4%, while the integrated circuit industry expanded by 30% [4][5] Trade and Export Dynamics - Despite challenges from external factors like the "tariff war," Guangdong's cities have shown resilience in foreign trade, with Shenzhen leading in export scale and Guangzhou achieving a 15.5% year-on-year growth in imports and exports [2][3] - The overall export of lithium-ion batteries from Zhaoqing surged by 68.7%, reflecting the city's focus on new energy technologies [3] Future Outlook and Strategic Initiatives - Cities like Shantou are focusing on upgrading traditional industries, with investments in the toy industry growing by 10.1% [7] - Various cities are implementing strategies to stimulate economic growth, such as Guangzhou's push for stability in key industries and investment in new sectors like artificial intelligence and low-altitude economy [8]

投资增速放缓不意味着投资空间收缩。从上半年多方面投资数据看，有效投资规模仍在持续扩大。 根据国家统计局数据，上半年，设备工器具购置投资同比增长17.3%，增速比全部投资高14.5个百分 点，对全部投资增长的贡献率为86.0%。 上半年充换电基础设施完成投资额同比增长近70%、今年中央预算内投资基本下达完毕、上半年设备工 器具购置投资同比增长17.3%……最近，国家发展改革委等多部门接连公布上半年投资情况。专家分 析，上半年，各地区各部门统筹用好中央预算内投资、超长期特别国债、地方政府专项债等政策工具， 加快推进"两重"建设和"两新"工作，聚焦关键领域和薄弱环节积极扩大有效投资，推动固定资产投资平 稳增长。 投资实际增速基本稳定 上半年，全国固定资产投资(不含农户)248654亿元，同比增长2.8%。怎么看这一增速？ 一看名义增速。上半年，全国固定资产投资(不含农户)同比增长2.8%，这是名义增长速度，较前5个月 有所回落。分产业看，第一产业投资4816亿元，同比增长6.5%；第二产业投资88294亿元，增长 10.2%；第三产业投资155543亿元，下降1.1%。 二看实际增速。扣除价格因素影响，上半年固定资 ...

能源节约和科技装备司副司长边广琦出席发布会，并介绍《中国新型储能发展报告(2025)》基本情况。 他表示，近年来，我国新型储能快速发展，在新型电力系统中作用日益凸显，有力促进新能源开发消 纳，提高电力系统安全稳定运行水平。为加强行业发展引导，服务"双碳"战略实施，国家能源局近期组 织编制《中国新型储能发展报告(2025)》，主要内容有： 《报告》主要包括三部分内容：一是从政策体系、装机规模、应用场景、技术创新、产业发展、标准体 系等方面，系统总结2024年国内外新型储能发展情况。二是从科学谋划发展、健全市场机制、加大技术 攻关、促进作用发挥和巩固产业优势等方面提出2025年新型储能行业发展展望。三是系统梳理2021- 2024年新型储能主要政策、技术创新和示范工程等大事记情况。 7月31日，国家能源局举行新闻发布会，发布上半年全国能源形势、上半年可再生能源并网运行情况， 介绍迎峰度夏电力供需总体情况，发布《中国新型储能发展报告(2025)》，并回答记者提问。 一是我国新型储能发展的政策体系持续完善，陆续出台《关于促进新型储能并网和调度运用的通知》 《加快构建新型电力系统行动方案(2024-2027年)》《关于 ...

Core Insights - The report highlights the ongoing recovery of the Chinese economy, driven by consumption and investment, with a stable upward trend in the A-share market supported by policy and capital inflows [13][14][15]. Domestic Market Performance - The Shanghai Composite Index closed at 3,559.95, down 0.37%, while the Shenzhen Component Index closed at 10,991.32, down 0.17% [3]. - The average P/E ratios for the Shanghai Composite and ChiNext are 14.66 and 40.72, respectively, indicating a suitable environment for medium to long-term investments [13][14]. International Market Performance - Major international indices, including the Dow Jones and S&P 500, experienced declines of 0.67% and 0.45%, respectively, reflecting a cautious global market sentiment [4]. Industry Analysis Photovoltaic Industry - The photovoltaic index rebounded significantly in July, with a 9.73% increase, outperforming the CSI 300 index, driven by policies addressing low-price competition [18][19]. - The domestic new photovoltaic installed capacity in June was 14.36 GW, a year-on-year decline of 38.45%, while the cumulative installed capacity for the first half of the year reached 212.21 GW, a 107.07% increase [19]. - The report suggests that the photovoltaic industry is expected to see improved supply-demand dynamics as policies for capacity reduction are implemented [20]. New Energy Vehicle Industry - The global sales of new energy vehicles are projected to reach 20 million units by 2025, with China maintaining a leading position, accounting for 65% of global sales in 2024 [23]. - The report emphasizes the comprehensive development of the new energy vehicle industry chain in Henan Province, which has seen significant growth and is now among the top ten in production nationwide [24]. New Energy Storage Industry - The new energy storage market is experiencing rapid growth, with a projected installation of 300 million kW by 2025, driven by advancements in lithium-ion battery technology and supportive government policies [27][30]. - The report outlines the competitive landscape of the energy storage system integration market, highlighting key players and the importance of technological advancements [28]. Engineering Machinery and Robotics - The engineering machinery sector showed a 7.35% increase in July, outperforming the CSI 300 index, with strong performance in laser processing equipment and engineering machinery [32][33]. - The report recommends focusing on companies with stable earnings and high dividend yields in the engineering machinery sector [33]. Power and Utilities Sector - The power and utilities index underperformed the market, with a 2.12% increase in July, while the overall electricity demand showed a year-on-year growth of 5.4% in June [35][36]. - The report maintains a "stronger than market" investment rating for the power and utilities sector, emphasizing the importance of stable earnings from large hydropower companies [36].

Group 1 - The investment conference in Meishan, Guangdong, attracted nearly 200 representatives from foreign enterprises, fund companies, and business associations, focusing on new energy storage, low-altitude economy, biomanufacturing, and satellite applications [1] - A total of 36 projects were signed, with 31 being investment attraction projects, amounting to a contract value of 476.9 billion [1] - Among the 15 projects signed on-site, 10 were investment attraction projects with a contract value of 190.6 billion, showcasing Meishan's investment appeal [1] Group 2 - The "Investment Opportunities List" for Meishan was released, featuring 129 packaged projects with a proposed investment of 1614.96 billion [2] - The new energy and new materials industry has 36 projects with a proposed investment of 635.27 billion, while the electronic information industry has 14 projects with a proposed investment of 144.2 billion [2] - Other sectors include equipment manufacturing with 15 projects at 173.6 billion, pharmaceutical health with 4 projects at 25 billion, and low-altitude economy with 17 projects at 143 billion [2]

Core Viewpoint - The rapid development of new energy storage in China is significantly enhancing the role of the new power system, promoting renewable energy utilization, and improving the safety and stability of the power system [1][2]. Group 1: Development Status - As of the end of 2024, China has built and put into operation new energy storage capacity of 73.76 million kilowatts (168 million kilowatt-hours), accounting for over 40% of the global installed capacity [1]. - The policy framework for new energy storage has been progressively established since the 14th Five-Year Plan, with multiple policy documents released to guide scientific development and improve the electricity market mechanism [1]. Group 2: Application and Impact - The application effects of new energy storage are becoming increasingly evident, with the average equivalent utilization hours exceeding 1,000 hours in provinces such as Zhejiang, Jiangsu, Chongqing, and Xinjiang in 2024, serving as a crucial means for renewable energy consumption [2]. - During peak summer periods, new energy storage has played a vital role in ensuring electricity supply during peak demand times, functioning effectively as a "super battery" [2]. Group 3: Technological Innovation - In 2024, the National Energy Administration announced 56 pilot projects for new energy storage, covering over ten technological routes, with several projects representing the first engineering applications in the country [2]. - Twelve new energy storage projects were selected as part of the fourth batch of major technological equipment in the energy sector, providing application scenarios for the implementation of first-of-a-kind equipment [2]. Group 4: Standardization - In 2024, more than 20 electrochemical energy storage standards were published and implemented, with multiple standards initiated, covering various aspects such as planning, grid connection, operation control, maintenance testing, and post-evaluation [2].