Core Viewpoint - The end of the mandatory energy storage policy has led to significant fluctuations in the renewable energy market, with contrasting views on the future of energy storage development in China [2][3]. Summary by Sections Policy Impact - The National Energy Administration's policies in January 2025, including the "430" and "531" deadlines, have caused dramatic changes in the installation scale of renewable energy, with solar power installations seeing a year-on-year growth of 388% in May, followed by a decline of -38.4% in June [2]. - Wind power installations also experienced volatility, with growth rates soaring from negative to 800.2% in a matter of months [2]. Energy Storage Market Trends - The cancellation of mandatory energy storage has sparked debate about the future of the domestic energy storage market, with pessimists predicting a severe decline in demand, while optimists foresee a significant increase in system flexibility needs as renewable energy penetration rises [2]. - Data from CNESA indicates that in June 2025, newly operational energy storage projects in China totaled 2.33GW/5.63GWh, reflecting a year-on-year decrease of 65% and 66% respectively [2]. Independent Energy Storage Development - Independent energy storage projects are gaining traction, with many provinces planning substantial projects. For instance, Hebei has announced 6.4GW/20.9GWh of independent storage projects, predominantly funded by local state-owned and private enterprises [4][8]. - Economic models such as the "capacity price" in Hebei and "discharge compensation" in Inner Mongolia are proving to be viable, with Inner Mongolia's projects showing an internal rate of return (IRR) of 14.8% due to favorable price differentials [9][11]. Economic Viability of Energy Storage - The economic feasibility of independent storage is supported by stable revenue from capacity pricing and market-based earnings from the spot market, attracting local investment [4][11]. - The analysis indicates that energy storage can significantly enhance the economic returns of solar projects, especially when paired with self-generated storage to shift energy to higher price periods [12][13]. Future Projections - Predictions suggest that the domestic energy storage market will recover and grow rapidly in the coming years, with expected capacities reaching 160GWh and 210GWh in the next two years [18].

Core Viewpoint - China Power Construction Corporation (CPCC) reported a total new contract amount of 686.70 billion RMB for the first half of 2025, reflecting a year-on-year growth of 5.83% [2][8]. Summary by Category 1. By Business Type - The company signed 2,939 new energy projects with a total contract value of 431.39 billion RMB, an increase of 12.27% year-on-year [5]. - Hydropower projects accounted for 576 new contracts worth 100.46 billion RMB, showing a significant increase of 66.67% [5]. - Wind power projects saw 652 new contracts totaling 142.90 billion RMB, up by 68.78% [5]. - Solar power projects experienced a decline, with 616 contracts worth 113.74 billion RMB, down by 28.55% [5]. - New energy storage projects included 96 contracts valued at 20.91 billion RMB, marking a slight increase [5]. 2. By Regional Distribution - Domestic contracts amounted to 545.04 billion RMB, a year-on-year increase of 3.16% [8]. - International contracts reached 141.67 billion RMB, reflecting a growth of 17.50% [8]. - The total contract amount for both domestic and international projects combined was 686.70 billion RMB, with a growth of 5.83% [8]. 3. Major Contract Details - In June 2025, the company signed 70 contracts exceeding 500 million RMB each, with 7 related to energy storage projects totaling over 2.75 GW/13 GWh and involving a project amount of 13.34 billion RMB [2][10]. - Notable projects include: - A 1 million kW/6 million kWh energy storage project in Ulanqab, valued at 6.24 billion RMB [10]. - A 300 MW/1200 MWh energy storage project in the Deep-Shan Special Cooperation Zone, with a contract value of 1.75 billion RMB [10]. - Two independent energy storage projects at the Gushanliang 500 kV substation, each valued at approximately 1.46 billion RMB [10].

Core Viewpoint - The Zhejiang Provincial Energy Bureau has issued a notice for the dynamic adjustment of the 2025 new energy storage project construction plan, emphasizing the need for local governments to coordinate regional grid operations and renewable energy consumption while submitting project adjustment suggestions [1]. Group 1: Grid-side Energy Storage Projects - The construction scale for grid-side energy storage projects should be no less than 50,000 kW/100,000 kWh, following the "total control, one in one out" principle, meaning that the installed capacity applied for increase cannot exceed that applied for reduction [2][10]. - Projects included in the national-level scientific and technological research plan are exempt from the above requirements [10]. Group 2: Power-side Energy Storage Projects - Projects that coordinate with thermal power units for frequency regulation should have a single unit power of no less than 18,000 kW and a comprehensive adjustment performance index (Kpd) value of no less than 0.9; the scale and technical characteristics of renewable energy projects are to be determined by the owners based on actual needs [3][10]. Group 3: User-side Energy Storage Projects - The Provincial Energy Bureau will no longer manage annual construction plans for user-side projects of 5 MW and above, delegating the management to local energy authorities, which will compile construction plans and report to the bureau [4][11]. - User-side projects must be registered with local authorities before construction, and they need to consult with grid companies regarding connection plans [4][11]. Group 4: Application and Approval Process - Local energy authorities are responsible for organizing project applications and preliminary reviews, while the Provincial Energy Bureau will evaluate and form an adjusted construction plan based on the results [12]. - Project owners must ensure the authenticity and completeness of application materials, with any false information leading to disqualification from the application process [12].

Core Insights - The article highlights a significant decline in the newly installed capacity of new energy storage projects in China, with a year-on-year decrease of 65% in June 2025, attributed to the "rush to install" driven by renewable energy [2][5]. Summary by Sections Overall Market Performance - In June 2025, the newly installed capacity of new energy storage projects reached 2.33 GW/5.63 GWh, marking a year-on-year decline of 65% and a month-on-month decline of 71% [2][5]. - Despite the negative growth in June, the second quarter saw a total of 12.61 GW/30.82 GWh of new installations, which is a year-on-year increase of 24% and 27% respectively [2][5]. Regional Insights - Jiangsu province led the country with over 750 MW of new installations in June, accounting for more than 35% of the national total [5][12]. - In Inner Mongolia, 17 new projects commenced construction in June, with a total capacity of 8.2 GW/33.1 GWh [5][18]. Storage Duration - The average storage duration for new projects in Xinjiang, Inner Mongolia, and Qinghai exceeded 3.5 hours, while most other provinces had an average duration of around 2 hours [5][15]. Technology Trends - Lithium battery technology dominated the new installations, with lithium iron phosphate battery technology accounting for 89% of the installed capacity. Non-lithium technologies, such as vanadium flow batteries, also saw deployment [5][16]. Market Expectations - The total new installed capacity for the year is expected to exceed 43 GW, driven by over 23 GW of projects currently under construction and more than 10 GW in planning stages [5][19].

Core Viewpoint - China Power Construction Corporation (CPCC) has reported significant growth in new contracts, particularly in the new energy storage sector, indicating a strong market demand and expansion in both domestic and international markets [1][5]. Summary by Categories New Contracts Overview - In the first five months of 2025, CPCC signed 65 new energy storage projects with a total contract value of 10.75 billion RMB. The total domestic contract amount reached 377.61 billion RMB, while the international contract amount was 96.40 billion RMB, reflecting a year-on-year growth of 30.51% [1][5]. Project Details - Notable new contracts exceeding 500 million RMB include: - Yumen 200MW/800MWh independent shared energy storage project with a contract value of 1.016 billion RMB [2]. - Bazhong Kefa 410MW liquid-cooled lithium iron phosphate/titanate lithium regional centralized independent mixed energy storage project with a contract value of 810 million RMB [2]. Business Type Performance - The breakdown of new contracts by business type is as follows: - Energy Power: 2408 projects, 301.25 billion RMB, up 4.44% - Hydropower: 488 projects, 65.39 billion RMB, up 60.66% - Wind Power: 531 projects, 101.80 billion RMB, up 67.33% - Solar Power: 482 projects, 85.48 billion RMB, down 32.61% - Thermal Power: 224 projects, 14.70 billion RMB, down 62.28% - New Energy Storage: 65 projects, 10.75 billion RMB [2][4]. Regional Contract Performance - The contract amounts by region are: - Domestic: 377.61 billion RMB, down 6.67% - International: 96.40 billion RMB, up 30.51% - Total: 474.01 billion RMB, down 0.93% [5]. Major Projects - Significant projects include: - Egypt 1100MW Suez Bay Wind Power Project: 5.972 billion RMB - Nicaragua Mohelka Hydropower Station: 3.271 billion RMB - Bazhong Kefa 410MW energy storage project: 810 million RMB [6][7]. Additional Insights - The report highlights a growing interest in energy storage solutions, with 48 new policies related to energy storage released in May, indicating a supportive regulatory environment for the sector [9].

Core Insights - The new energy storage projects in China saw a significant increase in installed capacity in May 2025, with a total of 6.32 GW and 15.85 GWh added, representing year-on-year growth of +193% and +228% respectively [1][2] - The growth in energy storage is primarily driven by front-of-the-meter storage, which accounted for 6.17 GW and 15.38 GWh, showing year-on-year increases of +213% and +248% [1] - User-side storage experienced a decline in installed capacity, with 150 MW and 473 MWh added, reflecting a year-on-year decrease of -19% [1] Regional Distribution - A total of 26 provinces in China added new energy storage projects, with 11 provinces exceeding 100 MW in new installations [3] - Yunnan province led the country with nearly 2.5 GW of new shared storage projects, followed by Qinghai, Xinjiang, Inner Mongolia, and Shandong, each with over 500 MW of new installations [3] Application Distribution - Grid-side independent storage dominated the market with a year-on-year growth rate exceeding 200%, contributing 4.95 GW and 11.61 GWh in new installations [6] - Power-side storage added 1.22 GW and 3.77 GWh, with 98% of new installations being renewable energy-related [6] - User-side storage primarily focused on commercial applications, with data centers accounting for over 40% of the user-side installations [7] Technological Distribution - Lithium-ion batteries remain the dominant technology, accounting for 96% of the new installed capacity [10] - There is an acceleration in the application of hybrid storage technologies, including combinations of lithium iron phosphate with various other technologies [10] Market Expectations - The energy storage market is expected to see continued growth in the second quarter of 2025, driven by the "531" policy and local government incentives [12] - However, uncertainties regarding the participation of new energy storage in the electricity market may impact future installations [13] - The competitive landscape remains intense, with a decline in prices for energy storage systems and EPC services observed [14]

Core Viewpoint - The article discusses the performance and trends of new energy storage projects in China during the first quarter of 2025, highlighting a slight decline in installed capacity compared to the previous year, while emphasizing the growth in independent storage projects and advancements in storage technology [1][3][4]. Summary by Sections New Installed Capacity - In Q1 2025, China added 5.03 GW/11.79 GWh of new energy storage capacity, representing a year-on-year decrease of 1.5% and 5.5% respectively [1]. - The grid-side contributed 4.46 GW/10.57 GWh, with a minor decline of 0.2% and 4.4% year-on-year, while the user-side added 575 MW/1124 MWh, showing a more significant drop of 10.9% and 11.6% [1]. Regional Distribution - New energy storage projects were launched across 24 provinces, with Hebei leading in scale. Notably, several independent storage projects exceeding 100 MW were commissioned in Hebei, contributing to a total installed capacity of over 1 million kW [3][4]. Application Distribution - Independent storage projects accounted for over 50% of the new installed capacity, with grid-side power capacity making up 52%, an increase of 17 percentage points year-on-year. The grid-side added 2.63 GW/6.48 GWh, reflecting a year-on-year growth of 46% and 68% respectively [4]. - The power generation side saw a decrease in installed capacity of 31% year-on-year, while the user-side also experienced an 11% decline, primarily in commercial and industrial storage applications [4]. Technology Trends - The majority of new projects utilized electrochemical storage technology, with lithium battery projects comprising 98% of the total. Phosphate lithium battery technology remains dominant [7]. - Several mixed storage projects were launched, combining various technologies such as lithium-ion and sodium-ion batteries, as well as supercapacitors [7][12]. Notable Projects - Key projects include the largest grid-side independent storage project in China located in Hebei, with a capacity of 300 MW/1200 MWh, and the first mixed network-type storage project, which integrates multiple storage technologies [11][12].