Core Insights - The new energy storage industry is crucial for China's power system and achieving carbon neutrality goals, with a significant growth forecast from 3.28GW in 2020 to 230GW by 2030, making China the global leader with 40% of the market share [1][2][18]. Industry Development Status and Value Chain Distribution - The new energy storage industry is a key technology for China's energy transition, with a cumulative installed capacity growth from 8.7GW in 2023 to 31.39GW, representing a year-on-year increase of over 260% [1]. - The industry value chain includes upstream raw materials and equipment supply, midstream system integration, and downstream applications such as power generation and commercial storage [2][4]. - Profit margins vary across the value chain, with upstream components like air compressors and heat exchangers showing 20%-40% margins, while downstream applications maintain margins above 22% [4]. Policy Environment in Xiamen - Xiamen's government has prioritized the new energy storage industry as a core driver for economic growth, aiming to create a 100 billion yuan new energy industry cluster by 2026 [6][9]. - The "Xiamen New Energy Storage Industry High-Quality Development Action Plan (2024-2026)" outlines specific goals, including a core industry scale exceeding 50 billion yuan and the development of 26 application scenarios [25][26]. Current Status of Xiamen's New Energy Storage Industry - Xiamen's new energy storage industry has seen a significant increase in registered companies, with 229 active firms as of November 2025, reflecting a growing focus on energy transition [19]. - The city's new energy industry output has doubled from 379 billion yuan in 2020 to 948 billion yuan in 2024, with a projected value exceeding 1100 billion yuan by 2025 [18]. Research and Development Investments - Leading companies in Xiamen, such as Hai Chen Energy, are investing heavily in R&D, with Hai Chen's investment reaching 530 million yuan in 2024, focusing on advanced storage technologies [22]. Future Development Outlook - Xiamen aims to establish itself as an international hub for new energy storage innovation, with plans to develop a comprehensive ecosystem that includes technology breakthroughs and market expansion [25][26].

Core Insights - Hebei Province's Chengde City is actively promoting the construction of new energy projects, including wind power, photovoltaic projects, independent energy storage stations, and pumped storage power stations [1] Group 1: New Energy Projects - The city has invested a total of 1.388 billion yuan in 131 new energy stations [1] - The installed capacity of wind and solar power generation has exceeded 20 million kilowatts [1] - New energy projects are effectively improving the utilization rate of wind and solar resources [1] Group 2: Storage Projects - A number of new storage projects, including independent energy storage stations and pumped storage power stations, have been put into operation [1] - These storage projects are facilitating the comprehensive release of resources, grid, and load capabilities [1] Group 3: Green Development - The initiatives in Chengde City are contributing to green and low-carbon development [1]

Core Viewpoint - The "Power Vision" New Energy Storage and New Power System Industry Ecology Conference was held on September 22nd in Guangzhou, focusing on the future development of the energy industry and the global positioning of China's energy-storage technologies, standards, and brands [1]. Industry Summary - Over 600 delegates attended the conference to discuss the next stage of energy industrial development [1]. - The conference aimed to explore how China's energy-storage technologies can enhance their presence on the world stage [1].