如何做好出海业务？多位与会嘉宾均提到"长期主义"。 亿纬储能总裁陈翔表示，回想5年前甚至更早的时候，储能用的电芯都是淘汰下来的动力电池。如今， 企业认真研发500Ah以上的电芯，开始定义下一代储能电芯，储能行业已经有了巨大的飞跃，行业开始 认真思考储能行业未来如何发展。长期主义不仅是做锂电企业的基础，也是出海的基础，不管业务规模 是大是小。 易辉琼也认为，出海的长期主义包含产品创新，以及全球产业链布局。瑞浦兰钧的出海，不仅仅是电池 产能布局。她指出，从瑞浦兰钧成立开始，青山集团就一直致力于布局整个新能源产业链，从矿产到原 材料，到电池，再到终端和客户。青山集团在不锈钢和镍两个产业都做到全球最大，而且市占率超过 30%。 "世界的储能是中国的，中国的储能也是世界的。"12月11日，在深圳举办的2025高工储能年会上，这句 话反复被宁德时代（300750）、亿纬锂能（300014）等企业的发言嘉宾提及。前半句意为，中国储能电 池和储能系统在全球市场的份额分别达90%和70%，已形成主导之势；后半句则是指，海外储能市场目 前占据一半体量且利润更为丰厚，成为中国储能企业必须去的远方。 会上，储能头部企业分享了征战海外 ...

Core Insights - The report indicates a strong rebound in the A-share market, with the Shanghai Composite Index recovering the 3900-point mark and the ChiNext Index showing a gain of over 2% [2][9] - The increase in market activity is attributed to a significant easing of global liquidity concerns, driven by a lower U.S. core CPI of 2.6% year-on-year, the lowest since March 2021, which has led to increased bets on earlier interest rate cuts in 2026 [2][9] - The report highlights the potential for structural and policy-driven investment opportunities in the upcoming cross-year market, despite underlying economic growth constraints due to declining fixed asset investment [2][9] Market Overview - On the trading day, the three major indices opened strongly, with the Shanghai Composite Index returning to the 3900-point level. Key sectors such as Hainan Free Trade Zone, optical communication modules, and semiconductor equipment saw significant gains [5][6] - The overall market sentiment was positive, with a total trading volume approaching 1.9 trillion yuan, indicating a release of market energy [6][9] Sector Analysis - The Hainan Free Trade Zone concept stocks experienced a substantial rise following the official launch of the free trade port operations on December 18, which is seen as a significant step towards high-level openness in China [7] - Optical communication module stocks also surged, driven by their critical role in modern communication networks, including 5G and data centers. The sector is expected to remain in a high prosperity cycle, supported by advancements in AI computing and data center upgrades [8] Investment Strategy - The report suggests maintaining a consistent investment approach, focusing on sectors with strong earnings support, including technology growth areas (semiconductors, AI themes, robotics), cyclical industries (solar, batteries, chemicals), and dividend stocks (banks, utilities) [3][10] - Investors are advised to avoid high-valuation stocks lacking earnings support and to consider opportunities in sectors that are expected to perform well in the current market environment [10]

12月19日，由宏英新能源主导建设的350MW/700MWh独立储能电站项目在甘肃省张掖市民乐县顺利实现并网。作为甘肃省先进综合能源 示范基地核心组成部分、甘肃省目前单体功率最大电网侧共享储能电站项目二期工程，此次并网不仅标志着宏英新能源业务发展迈出关键 一步，更为甘肃省新型电力系统储能电站项目建设提供了"张掖样板"，为区域经济绿色低碳转型注入了强劲动能。 百日奋战，无惧风雪全力保交付 价值赋能，一站式电站建设及运营 凭借储能领域技术积累、丰富项目建设经验以及AI赋能的全周期运营能力，宏英新能源为该项目提供从建设、并网到运营的全流程一站 式服务。 依托甘肃省电力市场的"调频+现货"双市场出清机制，项目未来将把握政策东风，打造"现货市场+调峰容量补偿+调频辅助服务"的多元收 益模式。尤为值得一提的是，电站运行后可参与二次调频辅助服务市场，具备秒级响应、高精度AGC调频能力，可在一次调频基础上精 随着冬季的到来，民乐县历经多次降雪气温骤降。面对雨雪天气、工期紧张等因素，宏英新能源团队不畏困难，全力攻坚，在保障安全和 施工品质的前提下，顺利完成了并网，在茫茫戈壁荒滩上创造了新的"宏英速度"。 准校正系统频率，助力改 ...

Core Viewpoint - The project of the shared energy storage station in Houjiaying Town represents an innovative practice in promoting the transformation of energy and achieving carbon neutrality goals, with a total investment of 1.637 billion yuan [2][5]. Group 1: Project Overview - The shared energy storage station project has a capacity of 480MW/960MWh and is being implemented by Tianjin Dajiang Energy Storage Technology Co., Ltd. [2] - The project includes the construction of a lithium iron phosphate battery energy storage station and a 220kV booster substation, covering an area of 44.74 acres with a building area of 26,820 square meters [2]. - The first phase of the project will have a construction scale of 150MW/300MWh, with an investment of 519 million yuan [2]. Group 2: Environmental and Economic Impact - Once completed, the project is expected to provide nearly 800,000 MWh of clean electricity to the grid annually, saving 230,000 tons of standard coal compared to coal-fired power plants, and significantly reducing harmful gas emissions [4]. - During the construction phase, the project will create over 200 local job opportunities, and after completion, it will provide 30 permanent jobs [5]. Group 3: Strategic Importance - The project aligns with national planning and industrial policies, contributing to the rapid development of related industries and demonstrating a comprehensive effect of one-time investment with long-term benefits [4]. - The energy storage station will enhance the regional grid's frequency modulation, voltage regulation, and black start services, ensuring the safe and stable operation of the grid and facilitating the absorption of renewable energy [5].

文 | 中关村储能产业技术联盟 "十五五"时期，我国能源革命进入攻坚期，构建新型能源体系成为各省市高质量发展的核心战略。 目前各省市陆续发布了《国民经济和社会发展第十五个五年发展规划的建议》，纵观各地"十五五"规划蓝图，储能已从单纯的技术选项， 跃升为支撑能源转型、培育新质生产力的关键支柱。它不仅是消纳新能源、增强电网韧性的"稳定器"，更是驱动产业升级、实现绿色增长 的"新引擎"。 各省市"十五五"规划中，对储能的部署已形成多元化、规模化的发展共识，主要体现在以下三个层面： 定位升级 普遍将储能（抽水蓄能、新型储能）定位为 "构建新型电力系统" 的关键支撑，旨在提升电力系统的互补互济和安全韧性水平。 应用深化 支撑新能源消纳： 将储能作为提高风电、光伏等新能源消纳能力的必备手段，推动"风光火储"等多能互补基地建设。 赋能用户侧与电网： 加快智能电网和微电网建设，其中储能是重要元素；推广虚拟电厂模式； 推动源网荷储一体化， 强调通过储能实现电源、电网、负 荷、存储的协同互动；建设零碳工厂/园区，用户侧储能是实现低碳用能的关键。 探索新模式： 积极探索数据中心、智算中心、交通、钢铁、建筑、化工、绿电直连等配套储能 ...

12月23日，海博思创涨5.35%，截至发稿，报256.85元/股，成交3.72亿元，换手率3.89%，总市值462.57 亿元。 资料显示，北京海博思创科技股份有限公司位于北京市海淀区丰豪东路9号院2号楼12层，成立日期2011 年11月4日，上市日期2025年1月27日，公司主营业务涉及专注于电化学储能系统的研发、生产、销售, 为传统发电、新能源发电、智能电网、终端电力用户等"源-网-荷"全链条行业客户提供全系列储能系统 产品,提供储能系统一站式整体解决方案。主营业务收入构成为：储能系统99.77%，新能源车租赁 0.10%，其他(补充)0.07%，技术服务0.06%。 华安聚恒精选A（011238）基金经理为陈泉宏。 截至发稿，陈泉宏累计任职时间2年41天，现任基金资产总规模3.84亿元，任职期间最佳基金回报 63.82%， 任职期间最差基金回报40.06%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从基金十大重仓股角度 数据显示，华安基 ...

Core Viewpoint - Guoxia Technology Co., Ltd. has successfully debuted on the Hong Kong Stock Exchange, showcasing the strength of China's energy storage technology sector and attracting significant capital market interest with a market capitalization of HKD 23.82 billion on its first trading day [1][3]. Company Overview - Guoxia Technology focuses on the "AI+" energy storage sector, providing renewable energy solutions and products since its establishment in Jiangsu in 2019. The company has developed a comprehensive product matrix covering large-scale, commercial, and residential energy storage [3][4]. - The company has developed two core technology platforms, Safe ESS and HANCHU iESS, integrating AI systems to create a unique "cloud-edge-end" architecture for intelligent energy management [3][4]. Market Position - According to a report by ZhiShi Consulting, Guoxia Technology ranks as the eighth largest energy storage system supplier in China by new installed capacity and is among the top ten suppliers in the residential energy storage sector, holding a 4% market share in both categories [4]. - The company has a strong domestic presence, with 79.9% of its revenue coming from the domestic market in 2024, while also establishing a significant international footprint in Europe and Africa [4]. Financial Performance - Guoxia Technology's revenue surged from CNY 142 million in 2022 to CNY 1.026 billion in 2024, reflecting a compound annual growth rate of 169%. In the first half of 2025, revenue reached CNY 691 million, marking a year-on-year increase of 663% [5]. - The company achieved a significant turnaround in profitability, with a net profit of CNY 5.575 million in the first half of 2025, compared to a net loss of CNY 25.59 million in the same period of 2024 [5]. IPO and Future Plans - In its IPO, Guoxia Technology issued 33.8529 million shares at HKD 20.1 per share, raising approximately HKD 606 million. The funds will be allocated to enhancing core technology research, expanding production capacity, and improving global service networks [6][8]. - The company aims to solidify its technological barriers in the "AI+" energy storage sector and drive high-quality development in the industry, transitioning from a focus on scale and cost to technology and ecosystem [8].

青海省海西州格尔木市的戈壁滩上，巨型白色罐体十分抢眼。罐体内，零下194摄氏度的极寒环境中， 能量正以液态空气的形式静静"蛰伏"。 这便是中国绿发投资集团有限公司（以下简称"中国绿发"）打造的全球在建规模最大液态空气储能示范 项目——青海省6万千瓦/60万千瓦时液态空气储能示范项目。目前，该项目已进入最后调试阶段。 这个被工程师们称为"超级空气充电宝"的巨无霸是如何打造的？技术有哪些创新之处？科技日报记者近 日来到项目工程现场进行探访。 2022年，青海省"揭榜挂帅"新型储能示范项目发榜，液态空气储能这一前沿技术成为攻坚焦点。彼时， 这项技术在国内尚属空白，国际上也仅有少数国家处于探索阶段，高原规模化应用更无先例可循。 2023年，项目正式开工建设。作为建设单位，中国绿发青海分公司与技术攻坚团队克服高原环境带来的 重重挑战，将拥有完全自主知识产权的7项国际创新技术融入工程实践，成功实现液化空气储能技术从 百千瓦级到万千瓦级的规模化放大突破。 中国绿发青海分公司液化空气储能项目部副经理姜宇告诉记者，项目全国产化的设备配置，标志着我国 在该领域彻底摆脱了对外依赖。 据悉，这套总功率6万千瓦、储能容量60万千瓦时的 ...

中信证券研报表示，2026年，发电企业与电力用户双方签订中长期合约时需进行分时段&带曲线签约， 用户侧分时电价将与现货市场交易结果挂钩，不再接受政府规定的峰谷电价，这意味着电力市场化改革 进一步深化。目前政府规定的峰谷价差和时段长度普遍超过现货市场，机制调整后工商业储能盈利模式 受到影响，现货价差较小并且调节需求不足区域的工商业储能盈利或承压。电力系统容量短缺问题仍然 显著，已经临近容量不足矛盾加速爆发时点，有望支撑储能长期发展。 ...

Core Viewpoint - The report from CITIC Securities highlights the significant challenges in maintaining the balance of the power system under high proportions of renewable energy, emphasizing the urgent need for a power capacity market mechanism that reflects the value of capacity support [1] Group 1: Power System Challenges - The increasing share of renewable energy sources poses substantial challenges for ensuring the balance of the power system [1] - There is a need for reasonable recovery of installation costs for various power generation entities [1] Group 2: Capacity Market Development - Short-term recovery of installation costs for traditional baseload power sources is expected to be primarily through capacity compensation pricing [1] - In the medium to long term, the establishment of a power capacity market is anticipated, which will include new energy storage, wind and solar power, and virtual power plants [1] Group 3: Investment Opportunities - Companies directly benefiting from the construction of the capacity market, such as thermal power enterprises, should be monitored [1] - There are opportunities in the profitability models of energy storage and virtual power plants, as well as in supporting industries like smart metering devices and power trading software [1]