Core Viewpoint - Yimei International Holdings (01870.HK) has made significant progress in business expansion, with its wholly-owned subsidiary, Lechang Green Energy Storage Technology Co., Ltd., having its independent energy storage project officially included in the Guangdong Provincial Energy Bureau's independent energy storage construction plan, marking a substantial advancement in the project [1] Group 1: Project Development - The planned independent energy storage project in Shaoguan City, Lechang, has a capacity of 218 megawatts / 436 megawatt-hours and utilizes lithium iron phosphate batteries, covering a total area of 47 acres [1] - The project completed the Guangdong Province enterprise investment project filing on January 8, 2025, and was included in the 2025 annual new energy storage station construction plan on April 28, 2025 [1] - The project site is located in He Feng Village, Pingshi Town, Lechang City, Shaoguan, and is expected to complete the site selection consultation with relevant government departments by August 10, 2025 [1] Group 2: Project Approvals - The feasibility study report and grid connection system report for the project have been completed, and the project received formal grid connection approval from Guangdong Power Grid Company on December 19, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Acme International Holdings Limited 益 美 國 際 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1870） 自願公告－廣東韶關電網側獨立儲能項目進度公告 本公告乃由益美國際控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願刊發。本公告旨在讓本公司股東（「股東」）及潛在投資者瞭解本集團的最新 業務發展。 本公司董事會（「董事會」）欣然宣布，本集團在業務拓展上取得實質性突破，旗下 全資附屬公司樂昌綠電儲能科技有限公司規劃中的獨立儲能項目已正式納入廣東 省能源局獨立儲能建設規劃（納規）並進入2025年建設計畫，於近日已獲得廣東電 網正式接入批覆，標誌著項目已進入實質性推進階段。 儲能項目基本情況及取得關鍵進展 本集團規劃開發之「韶關市樂昌218兆瓦╱436兆瓦時電化學獨立儲能項目」（「該 項目」），採用磷酸鐵鋰電芯，佔地共計47畝。該項目 ...

Investment Rating - The report does not provide specific investment ratings for sub-industries such as power station equipment, electrical equipment, power supply equipment, and new energy power systems [2]. Core Insights - The overall industry strategy indicates that energy storage and lithium batteries are expected to continue exceeding expectations, with price increases and AI+ providing flexibility. Emphasis is placed on the enhanced pricing power in the mid-to-upstream segments, suggesting that it is a favorable time for investment, focusing on the certainty of leading companies and the flexibility of upstream suppliers [3][6]. - The new energy vehicle supply chain is entering a new upward cycle, with strong pricing power in lithium battery segments benefiting companies like CATL, Hunan Youneng, Tianci Materials, and others. Recent data shows global lithium battery production reached 236.4 GWh in November 2025, a year-on-year increase of 44.6% [3][4]. - Solid-state batteries are highlighted as a key focus for 2026, with companies like Xiamen Tungsten and Putailai expected to benefit from advancements in production and cost control [4]. Summary by Sections Energy Storage and Lithium Batteries - The lithium battery sector is experiencing sustained high demand, with significant production increases projected. For instance, global energy storage battery production is expected to reach 960 GWh in 2026, up from 620 GWh in 2025, marking a 55% increase [3][36]. - A recent agreement between Zhongxin Innovation and Shengxin Lithium Energy to secure a five-year supply of 200,000 tons of lithium salt reflects the importance of upstream supply security in the lithium battery industry [3]. Solid-State Batteries - The solid-state battery segment is anticipated to see production ramp-up, with a focus on mass production processes and cost control. Recent IPO efforts by companies like Weilan New Energy indicate growing interest in this technology [4]. Photovoltaic and Energy Storage - The photovoltaic and energy storage sectors are expected to see gradual improvements in market conditions. Recent collaborations, such as between CATL and Siyuan Electric, aim to enhance energy storage capacity [5][6]. - The European energy storage market is projected to grow significantly, with 2,356 storage projects totaling 170.92 GW capacity identified, indicating a shift towards chemical energy storage solutions [5][26]. AI and New Energy - The integration of AI in the new energy sector is emphasized, with companies like Youbixun and Keda Li benefiting from advancements in robotics and AI technology [7]. - The report highlights a significant transformation in electricity pricing mechanisms, moving from government-set prices to market-driven pricing, which will impact energy storage investors and electricity users [24][25].

Core Insights - Three large-scale energy storage projects in Inner Mongolia, with a total capacity of 7.4GWh, have successfully been connected to the grid, setting a record for rapid construction in the sector [1][3] - The projects utilize Haibo Sichuang's flagship liquid-cooled energy storage system, showcasing high capacity, quality, and speed in construction [1][3] Project Details - The Ordos Gushanliang project, which was the first to connect to the grid on December 18, features Haibo Sichuang's second-generation energy storage converter (PCS) that is fully controllable and designed for complex operational conditions [2] - The Baotou Weijun project, connected on December 24, has a capacity of 3GWh, making it one of the largest energy storage plants globally, equipped with multi-level electrical protection and a dedicated fire protection system [2] - The Baotou Bulhantu project, which went online on December 27, employs a new generation 7MWh energy storage system with 587Ah large-capacity cells, designed for modular configuration to meet varying grid demands [2] Industry Impact - The successful integration of these projects will significantly enhance the Inner Mongolia grid's ability to accommodate renewable energy sources like wind and solar, alleviating peak-load pressure and ensuring system stability [3] - The projects are expected to stimulate local development of the energy storage industry and provide new pathways for regional energy structure transformation [3] - Haibo Sichuang aims to continue driving high-quality development of new energy systems through technological innovation and industry upgrades [3]

Core Viewpoint - Hongzheng Energy has been recognized for its technological breakthroughs in digital energy storage, winning the "2025 Industrial Battery Technology Innovation Award," highlighting the industry's acknowledgment of the company's technical strength and solution value [4][12]. Group 1: Market Opportunities - Guangdong, as the largest industrial electricity consumer in China, presents a stable electricity demand and significant investment potential for energy storage, driven by its manufacturing sector [6]. - The "electricity price difference" in Guangdong, particularly in the Pearl River Delta, reaches up to 1.3235 yuan/kWh, creating an attractive arbitrage environment for industrial energy storage [6]. - The combination of high electricity price differences and a large electricity consumption base is expected to lead to explosive growth in industrial energy storage projects in South China [6]. Group 2: Technological Innovations - Hongzheng Energy's commercial energy storage solutions focus on safety, economy, and stability, utilizing a dual-driven model of "smart hardware + digital platform" to create a comprehensive digital energy storage system [8]. - The digital energy storage system encompasses the entire lifecycle value, integrating energy regulation, smart energy management, and energy forecasting technologies to enhance the intelligence level of energy storage systems [8][9]. - The solutions provided by Hongzheng Energy extend beyond peak-valley arbitrage to include demand-side response, energy aggregation, and virtual power plants, offering multi-dimensional energy value enhancement for enterprises [9]. Group 3: Future Outlook - With the advancement of the "dual carbon" goals and the deepening of electricity market reforms, the potential of the South China industrial energy storage market is expected to continue to be released [15]. - Hongzheng Energy aims to deepen its focus on digital energy storage technology innovation, providing smarter energy solutions to empower various industries and contribute to regional energy transformation and green development [15].

Core Viewpoint - Xizi Clean Energy emphasizes its competitive advantage in molten salt energy storage technology, which is crucial for various energy applications [1] Group 1: Technology and Applications - Molten salt energy storage is a key technology for the company, applied in concentrated solar power, user-side energy storage, and flexible transformation of thermal power [1] - Demonstration projects include the 50MW molten salt concentrated solar power project in Delingha, Qinghai, the user-side molten salt energy storage project in Shaoxing, and the "steam extraction energy storage" molten salt peak-shaving technology demonstration project at Guoneng Hebei Longshan thermal power unit [1] Group 2: Products and Services - The company offers a range of products and services, including molten salt energy storage equipment, thermal storage system design, specialized technical consulting, engineering installation, and solution design [1] Group 3: Research and Development - The company focuses on cutting-edge technologies and processes in the molten salt energy storage field, including supercritical CO2 waste heat power generation technology, leveraging its long-term experience in high-energy-consuming industries to promote the implementation of demonstration projects [1]

Core Viewpoint - China Energy Construction has successfully completed a large-scale underground gas storage test, achieving a world record for high-pressure gas storage and long-duration operation, marking a significant advancement in energy storage technology and its industrial application [1][6]. Group 1: Technological Breakthroughs - The successful test in Changsha, Hunan, validated the operation of ultra-high-pressure gas storage at 18 MPa and a continuous operation period of 500 hours, with a leakage rate below 0.1% [1]. - The artificial cavern gas storage technology is seen as a critical solution to the challenges posed by the intermittent nature of renewable energy sources, enabling a more stable power grid [3][4]. - China Energy Construction has developed a comprehensive system solution for artificial cavern gas storage, which includes innovations in sealing, operation, detection, construction, and application [6]. Group 2: Industry Applications - The first 300 MW compressed air energy storage demonstration project using artificial cavern technology has been established in Jiuquan, Gansu, expected to deliver 594 million kWh of green electricity annually [5]. - The "Energy Storage No. 1" project in Hubei has set multiple world records in terms of single-unit power, storage scale, and conversion efficiency [5]. - The 350 MW compressed air energy storage project in Tai'an is the largest single-unit project under construction globally, utilizing abandoned salt cavern resources to enhance grid regulation capabilities [5]. Group 3: Future Prospects - The artificial cavern gas storage technology is expected to expand the potential locations for large-scale energy storage, particularly in regions previously unsuitable for such developments, thus addressing renewable energy integration challenges [9]. - The technology's versatility allows for the storage of various energy mediums, including hydrogen, natural gas, and ammonia, contributing to a comprehensive underground energy storage solution [8][10]. - The company aims to continue advancing the technology and promoting its industrial application, particularly in "desert" regions, to enhance energy security and support global green transitions [11].

Core Insights - The report indicates that China's distributed energy storage capacity is expected to grow from 570 MW in 2019 to over 3638 MW by Q3 2025, representing a growth of more than five times, showcasing a strong development momentum [1] Group 1: Market Dynamics - Distributed energy storage has six main application scenarios, with commercial and industrial storage being the most mature, primarily benefiting from time-of-use electricity price arbitrage [1] - The rapid development of distributed energy storage is driven by both policy guidance and market mechanisms, with new applications like zero-carbon parks creating a strong demand for stable green electricity [2] - Distributed energy storage can alleviate local network congestion and enhance the self-consumption rate of local renewable energy, with expectations for broader application during the 14th Five-Year Plan period [3] Group 2: Challenges and Risks - The commercial viability of distributed energy storage is currently heavily reliant on time-of-use electricity price arbitrage, making it vulnerable to policy changes [4] - High development costs, safety issues, and low-quality competition are significant structural challenges facing the commercial storage sector [5][6] - The industry needs to transition from being a "price arbitrage tool" to a flexible resource with multiple values in the electricity market [7] Group 3: Future Outlook and Recommendations - The future of distributed energy storage will depend on policy support and technological advancements, with expectations for clearer market mechanisms in the next three years [7] - Recommendations include widening the time-of-use price gap, improving demand response mechanisms, and establishing safety standards to ensure basic profitability and safe operation of projects in the short term [8] - Long-term goals involve deepening electricity market reforms, exploring capacity value, and enhancing the economic viability and market competitiveness of distributed energy storage [8]

凤凰网科技讯12月29日，华为数字能源宣布，其智能组串式构网型储能(LUNA2000-5015系列)已于近 日，在全球应用安全科学专家UL Solutions的全程见证下，成功完成基于UL9540A-2025标准的泄爆实证 测试。 本次测试依据储能安全核心标准UL9540A进行。测试过程中，参照电芯热失控的实际气体成分，向储 能系统注入远超标准模组级热失控电芯数量的气体，并进行人工点爆。测试结果表明，在该极限工况 下，储能系统的泄爆窗有效开启、快速泄压，箱体结构保持完整、门体未开启，前方未形成爆炸气体冲 击波。 这一实证测试结果，为后续进行大规模燃烧测试设定了通风条件与评估边界。华为数字能源在储能系统 安全防护上构建了多层架构，包括定向排烟、主动排气、精准泄爆和高强度箱体设计，本次测试主要验 证了后两层防护在极端事件中的有效性。 ...

Core Insights - The energy storage industry continues to thrive, creating significant growth opportunities for related companies, with new storage order sizes becoming a key indicator of core competitiveness in the capital market [1][2] - Oriental Risen has achieved notable success in the commercial energy storage sector, signing a total of 580MWh in contracts in December, reflecting strong market interest and recognition of its product capabilities [1] - The company has established strategic partnerships with influential firms in Jiangsu, Zhejiang, and Shandong, aiming to enhance customer service and project delivery efficiency [1] Industry Trends - The integration of energy storage systems with renewable energy is essential for achieving carbon neutrality goals and ensuring energy security, as highlighted in the "14th Five-Year Plan" [2] - The global energy storage market is projected to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, with a CAGR of 21.7% from 2025 to 2034 [2] - Oriental Risen is focusing on addressing pain points in the energy storage market through technological innovation and customized solutions, creating a comprehensive value chain from green energy generation to smart operation [2][3] Product Solutions - The company has launched a refined "Shengqi" integrated energy storage solution for parks, factories, and commercial complexes, which combines various technologies to reduce electricity costs and enhance operational efficiency [3] - The Risen Cloud smart energy management platform offers real-time monitoring and intelligent operation, supporting businesses in optimizing their energy usage and ensuring continuous production [3] - The deployment of photovoltaic and energy storage systems is crucial for businesses to mitigate high electricity prices and improve competitiveness in the green energy market [3]