Core Viewpoint - Zhonghua Equipment (600579.SH) is currently developing nitrate molten salt technology for sensible heat storage, which differs from thorium-based power generation molten salt in terms of application temperature and properties [1] Group 1 - The company is focusing on the development of heat absorption, heat storage, and heat exchange equipment related to "solar salt" [1] - There is no ongoing research or application in the field of thorium-based molten salt by the company [1]

Core Viewpoint - Zhonghua Equipment (600579.SH) is currently developing nitrate molten salt technology for sensible heat storage, which differs from thorium-based power generation molten salt in terms of application temperature and properties [1] Group 1 - The company is focusing on the development of heat absorption, heat storage, and heat exchange equipment related to "solar salt" [1] - There is no ongoing research or application in the field of thorium-based molten salt by the company [1]

Core Viewpoint - The energy storage industry is actively promoting a "anti-involution" initiative, with 149 companies participating in a proposal aimed at maintaining fair competition and promoting healthy development within the sector [1][2] Group 1: Industry Participation - The initiative has garnered significant support, with participation from major players across various segments of the energy storage supply chain, including lithium-ion batteries, flow batteries, sodium-ion batteries, and more [1] - Notably, nine out of the top ten lithium-ion battery manufacturers and eight out of the top ten energy storage system integrators have actively engaged in this initiative, indicating strong industry consensus [1] Group 2: Proposal Structure - The proposal consists of six chapters, including general principles and appendices, with specific sections addressing cost pricing behavior, product and service fulfillment, technological innovation, green development, and industry coordination mechanisms [2] - The cost pricing behavior section encourages members to compete based on technology, service, reputation, and fulfillment capabilities, advising against irrational low pricing practices to prevent "bad money driving out good" [2] Group 3: Future Actions - The China Chemical and Physical Power Industry Association is currently in the process of soliciting feedback on the initiative and welcomes more companies to join in order to refine and implement the proposal [2] - The association plans to regularly publish the list of participating companies and the progress of the initiative's implementation, while also updating the content based on industry developments and feedback to ensure its long-term effectiveness [2]

Core Viewpoint - The China Chemical and Physical Power Industry Association has released a draft initiative aimed at maintaining fair competition and promoting healthy development in the energy storage industry, with participation from 149 companies [1] Group 1: Participation and Industry Coverage - The initiative has seen participation from a wide range of companies across the energy storage supply chain, including lithium-ion batteries, flow batteries, sodium-ion batteries, compressed air storage, flywheel storage, supercapacitors, thermal storage, PCS, BMS, energy storage system integrators, smart equipment, temperature control systems, fire protection systems, design planning, and construction installation [1] - Among the top ten lithium-ion battery manufacturers, nine companies actively participated in the initiative, while eight out of the top ten energy storage system integrators also joined [1] - The strong response and support from industry players indicate a potential for forming industry consensus and self-regulation [1]

Core Insights - The report highlights significant achievements in China's power industry regarding green and low-carbon development, with renewable energy generation capacity surpassing thermal power for the first time by the end of 2024 [1][2][3] - The intermittent and volatile nature of renewable energy generation poses challenges to grid stability, making energy storage technologies crucial for enhancing the flexibility and safety of the power system [1][3] Industry Policies - Since 2021, favorable policies have emerged in the new energy storage sector, establishing clear development goals and optimizing the layout across power generation, grid, and user sides [4][5] - Over 700 policies related to energy storage have been issued since 2024, covering development planning, price reforms, and demonstration applications, accelerating high-quality development in the storage industry [5][6] Development Status - China's new energy storage capacity has seen rapid growth, exceeding pumped storage capacity for the first time by the end of 2024, with a total installed capacity of 73.76 million kilowatts [9][10] - The distribution of new energy storage is closely linked to regions with abundant renewable resources and high energy demand, with significant developments in Inner Mongolia and Xinjiang [10][11] - Large-scale new energy storage projects are being deployed, with a trend towards centralized and large-scale installations, where projects with capacities of 100,000 kilowatts or more account for 62.3% of total installations [14] Opportunities and Challenges - The new energy storage sector is transitioning from policy-driven growth to market-oriented development, with opportunities arising from policy incentives, increasing demand for renewable energy consumption, and technological cost reductions [17][18] - Challenges include reliance on imported lithium resources, safety risks associated with lithium batteries, slow industrialization of non-lithium technologies, and an imperfect revenue mechanism [17][19]