Core Insights - The global energy storage market is expected to see a significant expansion, with new installed capacity surpassing 100 GW for the first time in 2025, representing a year-on-year growth of 43% [1] - Despite a slowdown in growth anticipated for 2026 due to policy adjustments in major economies, long-term prospects remain strong driven by government tenders and support for distributed energy storage [1] Global Market Overview - By 2025, China will maintain its leading position in global energy storage deployment, accounting for 54% of total installed capacity, supported by renewable energy development goals and strong domestic manufacturing capabilities [2] - The U.S. is projected to see a 53% year-on-year increase in energy storage capacity by 2025, although policy challenges persist, particularly regarding supply chain restrictions [2] - Emerging markets in Europe, the Middle East, and Asia-Pacific are also expanding their energy storage deployments, with Europe expected to see a 160% increase in new installations in 2025 [3] Regional Developments - Germany leads Europe in distributed energy storage, while the UK is at the forefront of large-scale utility projects [3] - In the Middle East, Saudi Arabia is establishing itself as a key emerging market with multiple large-scale projects, despite some delays [3] - Australia is experiencing a 55% growth in its energy storage market, with over 6.5 GW of projects currently under construction [3] Market Segmentation - By 2025, grid-scale energy storage projects will account for 82% of installed capacity, driven by demand for renewable energy integration and government procurement plans [4] - The average storage duration for grid-scale systems is expected to be around 2.5 hours, with continued strong growth anticipated in this sector [4] Technological Advancements - Non-lithium storage technologies such as sodium-ion, flow batteries, and iron-air batteries are beginning to see large-scale applications, with increasing investment and technology initiatives in major markets [5] - These technologies are gaining attention for their unique advantages in fixed storage scenarios, despite currently having higher unit costs compared to lithium-ion batteries [5] Demand Drivers - The year 2026 is identified as a critical year for energy storage as a foundational technology for grids dominated by variable renewable energy sources [6] - Data centers are emerging as a key area for energy storage deployment, helping to increase the share of green electricity and stabilize grid performance [6] - The integration of energy storage with renewable sources like wind and solar is becoming a core driver for scaling up energy storage solutions globally [6]

Core Viewpoint - The energy storage market is expected to experience a slowdown in growth by 2026 due to policy adjustments in major economies, but government tenders and support measures will continue to drive large-scale and distributed energy storage projects, ensuring long-term market growth remains strong [1][3]. Group 1: Global Energy Storage Market Overview - In 2025, global energy storage installations are projected to exceed 100 GW for the first time, representing a 43% year-on-year increase, indicating rapid industry expansion and growing investment attractiveness [3]. - As of now, the total global energy storage capacity is approximately 270 GW, with expectations to reach 1545 GW by 2034, highlighting energy storage as a key element in global energy transition [3]. Group 2: China's Dominance in Energy Storage - By 2025, China will maintain its leading position in global energy storage deployment, accounting for 54% of the total global capacity, driven by renewable energy development goals and strong domestic manufacturing capabilities [5]. - From 2025 to 2034, China is expected to contribute around 50% of the global new energy storage capacity, maintaining its dominance across the entire supply chain [5]. Group 3: U.S. Energy Storage Market Dynamics - The U.S. energy storage capacity is projected to grow by 53% in 2025, although policy challenges remain significant, particularly due to supply chain restrictions imposed by the "Inflation Reduction Act" [5]. - Approximately 12% of existing energy storage systems in the U.S. will require expansion, creating a new market segment expected to grow significantly in the coming years [5]. Group 4: Emerging Markets and Regional Developments - In 2025, Europe is expected to see a 160% year-on-year increase in new installations, with Germany leading in distributed storage and the UK in large-scale utility projects [7]. - The Middle East and Asia-Pacific regions are also accelerating energy storage deployment, with Saudi Arabia establishing itself as a key emerging market through multiple large-scale projects [8]. Group 5: Grid-Scale Energy Storage Trends - By 2025, grid-scale energy storage projects will account for 82% of total installations, driven by demand for large-scale applications and renewable energy integration [10]. - The average storage duration for grid-scale systems is expected to be around 2.5 hours, with continued strong growth anticipated in this sector through 2034 [10]. Group 6: Non-Lithium Battery Technologies - Non-lithium storage technologies such as sodium-ion, flow batteries, and iron-air batteries are beginning to see large-scale applications, with unique advantages in fixed storage scenarios [11][12]. - Investment growth and specialized bidding activities for non-lithium storage are emerging in major markets including China, Australia, Ireland, Spain, Germany, and Italy [12]. Group 7: Data Center Demand for Energy Storage - Energy storage is becoming crucial for data centers, helping to increase the share of green electricity and stabilize load fluctuations, with over 230 GW of data center projects announced in the U.S. alone [13]. - The integration of energy storage with renewable sources like wind and solar is becoming a core power supply method for data centers, driving significant growth in energy storage deployment [14].

Overview of Energy Storage Development - By the end of November 2025, China's installed capacity of wind and solar power reached 1.76 billion kW, accounting for 45.8% of total installed capacity[11]. - In the first 11 months of 2025, nearly 35 million kW of new renewable energy capacity was added, with wind and solar power growing by 22.4% and 41.9% year-on-year, respectively[11]. Energy Storage Capacity Projections - The new energy storage capacity in China is expected to reach 130 million kW by 2025, with provinces like Xinjiang and Shandong exceeding 10 million kW[15]. - The demand for new energy storage resources is increasing rapidly due to the growth of renewable energy sources[11]. Technological Innovations - Long-duration energy storage technologies, such as compressed air and hydrogen storage, are accelerating in industrialization, with increasing applications in various scenarios[21][22]. - The integration of artificial intelligence across the energy storage industry is enhancing operational efficiency and safety monitoring[25][105]. Market Dynamics and Policies - In 2025, 253 new policies related to energy storage were issued by national and local governments, indicating a strong push for the sector's development[155]. - The market is transitioning from policy-driven to market-driven, with energy storage expected to become an independent market entity[161]. Financial Aspects - Independent energy storage stations can generate revenue through energy trading, capacity compensation, and frequency regulation services, with projected annual earnings of approximately 3 million yuan for a 100,000 kW station[165]. - The capacity compensation rate is set at 0.0705 yuan per kW, reflecting a shift in market dynamics[167].

Core Insights - The event focuses on promoting clean and efficient energy technologies across generation, transmission, distribution, and end-use applications, serving as a crucial platform for showcasing innovations in electrical equipment and driving the transformation of the electrical industry [2] Group 1: Industry Trends - The acceleration of carbon neutrality goals, increasing energy security demands, and the rise of digital transformation are driving deep changes in the power system, with electrification and digitalization being core pathways to support the new energy system and achieve dual carbon goals [2] - The rapid development of computing power in the era of artificial intelligence is leading to increased energy consumption, unstable energy supply, and efficiency challenges, posing significant issues for the power system [2] Group 2: Exhibition Matrix - The exhibition matrix includes several key events: 1. Shanghai International New Power Equipment Exhibition - Focus: Green transmission and distribution, intelligent electrical control equipment, energy-efficient transformers, eco-friendly insulation materials, new energy storage, and smart manufacturing of electrical equipment - Purpose: Showcase the latest achievements and applications in new power equipment, promoting the electrification and digitalization of the power system [5] 2. Shanghai International Data Center Industry Exhibition - Focus: Green data center solutions for the AI era - Purpose: Promote synergy between computing power and electricity, continuously improving the green electricity supply level for data centers [5] 3. Shanghai International Long-duration Energy Storage and New Battery Exhibition - Focus: Breakthroughs and applications in long-duration energy storage technologies such as flow batteries, fuel cells, compressed air, gravity storage, hydrogen and ammonia storage, molten salt thermal storage, and liquid metal batteries - Purpose: Promote the industrialization of long-duration energy storage, aiding in the construction of a new power system with a high proportion of renewable energy consumption [5] 4. Shanghai International Power Equipment and Generator Set Exhibition - Focus: Cutting-edge power solutions and efficient power generation equipment - Purpose: Concentrate on showcasing advanced power technologies and accelerating the integration of technology and market, providing core support for building a low-carbon resilient energy system [6]

Group 1: Overview of New Energy Storage Industry - The global and Chinese new energy storage installed capacity has experienced rapid growth in recent years, with significant policy support and a multi-technology development approach, where lithium batteries dominate electrochemical storage, and flow batteries are growing rapidly [1] - By the end of 2024, global new energy storage installations are expected to reach 74.1 GW/177.8 GWh, representing year-on-year growth of 62.5% and 61.9%, respectively; China's new energy storage capacity is projected to be 43.7 GW/109.8 GWh, with year-on-year growth of 103% and 136% [1] Group 2: Policy Support for New Energy Storage - Since 2021, the central government has introduced a series of policy documents to encourage diversified technological development and standardize industry management, laying a foundation for storage development [2] - Key policies include the "Action Plan for High-Quality Development of New Energy Storage Manufacturing Industry" and the "Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)" [2] Group 3: Advantages of Lithium Batteries in Electrochemical Storage - In the first three quarters of 2025, China's lithium battery shipments for storage reached 430 GWh, a year-on-year increase of 99.07%, indicating that lithium batteries will continue to dominate new energy storage technology [3] - The expected shipment of flow batteries in China for 2024 is approximately 0.7 GW, with projections of reaching 20 GW by 2030; costs are expected to decline further, and the market scale is anticipated to double during the 14th Five-Year Plan [3] - Sodium-ion battery shipments are projected to be around 3.7 GWh in 2024, with a year-on-year growth of 428%, indicating a trend of decreasing costs and expanding application scenarios [3] Group 4: Henan Province's Energy Storage Policies and Industry Overview - In June 2023, the Henan Provincial Government issued opinions to accelerate the development of new energy storage, supporting various technologies including lithium, sodium, flow, and compressed air storage [4] - By 2030, Henan aims to achieve large-scale development of energy storage, with an installed capacity target of over 15 million kW, establishing a multi-faceted storage system for stable operation of the new power system [4] - The industry in Henan is primarily based on lithium iron phosphate batteries, with active development in sodium and all-vanadium flow batteries; key companies include Dofluor, Yicheng New Energy, Huqiang New Materials, Longbai Group, and Penghui Power Supply [4]

Group 1 - The core viewpoint is that 2025 will be a significant year for the overseas expansion of China's energy storage industry, with a projected increase in overseas orders by 144% to 366 GWh [1] - Over 70 Chinese energy storage companies are expanding internationally, with battery manufacturers being the primary players in this trend [1] - The orders from Chinese energy storage companies are expected to cover over 60 countries and regions, with emerging markets in the Middle East, South America, and Southeast Asia showing significant potential [1] Group 2 - Notable energy storage companies have secured large overseas contracts, including CATL as the preferred supplier for a 19 GWh battery storage project in the UAE and BYD signing a contract for a 12.5 GWh project in Saudi Arabia [2] - The Hong Kong stock market is becoming a key platform for Chinese energy storage companies to support their global capacity expansion, with several companies successfully listing and others in the pipeline [3] - The diversification of technology routes for Chinese energy storage companies is evident, with lithium batteries, flow batteries, and sodium batteries all gaining traction in international markets [3] Group 3 - The essence of Chinese companies' overseas expansion is part of a global industrial chain shift, moving from product exports to a comprehensive system of "capacity + brand + channel" [4] - The overseas demand for energy storage solutions is expected to be more resilient than market expectations in 2026 [4]

Investment Rating - The report maintains an "Outperform" rating for the lithium battery industry relative to the CSI 300 index [2]. Core Insights - The new energy storage market is experiencing significant growth, with global new energy storage installations expected to reach 74.1 GW/177.8 GWh by the end of 2024, representing year-on-year growth of 62.5% and 61.9% respectively. In China, the new energy storage capacity is projected to increase by 103% and 136% to 43.7 GW/109.8 GWh [10][17]. - Lithium batteries are expected to dominate the energy storage technology landscape, with shipments in China reaching 430 GWh in the first three quarters of 2025, marking a year-on-year increase of 99.07% [10][24]. - The report highlights the supportive policy environment for the energy storage industry, with multiple initiatives launched by the Chinese government to promote the development of new energy storage technologies [10][35]. Summary by Sections 1. Energy Storage Industry Overview - The global energy system is undergoing significant changes to meet carbon neutrality commitments, with a focus on increasing the share of renewable energy [15][16]. - Energy storage technologies are categorized into mechanical and electrochemical storage, with pumped storage being the most mature technology [16][22]. 2. Energy Storage Policies - Since 2021, the Chinese government has introduced a series of policies to support the development of energy storage, including the "New Energy Storage Manufacturing High-Quality Development Action Plan" [35][36]. - The goal is to achieve over 100 million kW of new energy storage capacity by 2027, with significant investments expected [36][37]. 3. Electrochemical Energy Storage - Lithium-ion batteries are highlighted as the most mature and widely used technology in energy storage, with a market share of 97.5% in new energy storage technologies [24][29]. - The report discusses the advantages of lithium batteries, including high energy density and long lifespan, while also noting safety risks [22][24]. 4. Mechanical Energy Storage - Pumped storage remains a significant part of the energy storage landscape, accounting for 54.3% of total storage capacity as of the end of 2024 [24][29]. - Other mechanical storage technologies, such as compressed air and flywheel storage, are also discussed, highlighting their respective advantages and limitations [22][24]. 5. Henan Province Energy Storage Overview - Henan Province has implemented policies to accelerate the development of new energy storage technologies, aiming for a scale of over 15 million kW by 2030 [10][36]. - Key companies in the Henan energy storage sector include multiple firms specializing in lithium, sodium, and flow batteries [10][36].

Group 1 - The total number of Central Innovation Zones in Shijiazhuang has reached 35, with 15 new zones added in 2025, serving as key carriers for aggregating innovation resources and supporting industrial upgrades [1] - Shijiazhuang has implemented a management method for the recognition and subsidy of Central Innovation Zones, providing up to 20 million yuan in construction subsidies and a maximum of 9 million yuan in operational subsidies over three years [1] - The city categorizes the Central Innovation Zones into A, B, and C types based on local conditions, industrial layout, resource endowments, and enterprise needs, promoting a gradient cultivation and classified construction approach [1] Group 2 - Hebei Xuhui Electric Co., Ltd. serves as an example of how Central Innovation Zones empower enterprise development, particularly in its transition to the new long-duration energy storage sector, which requires multidisciplinary collaboration [1][2] - The collaboration between Xuhui Electric and Tsinghua University has led to the establishment of a research center focused on overcoming key technologies in flow batteries, showcasing the injection of innovative power into enterprises through Central Innovation Zones [2] - The Central Innovation Zones provide shared professional services such as experimental verification, testing, and technology assessment, effectively connecting the innovation chain from basic research to industrial incubation [2] Group 3 - The Shijiazhuang Municipal Science and Technology Bureau emphasizes the importance of policy guidance and classified support to deepen the integration of universities, research institutes, leading enterprises, and Central Innovation Zones, aiming to accelerate the gathering of high-end industrial clusters [3]

Core Insights - The rapid rise of large models like ChatGPT has led to a significant increase in electricity costs for data centers, which are now approaching the cost of server procurement [1] - China's data center electricity consumption is projected to reach 166 billion kilowatt-hours in 2024, equivalent to the annual output of approximately 1.3 Three Gorges Dam [1] - By 2030, electricity consumption by data centers may account for 3% of the total electricity usage in society, causing localized power shortages in regions like the Yangtze River Delta and Guangdong-Hong Kong-Macau [3] Group 1 - The shift from traditional CPU-based servers to GPU clusters for AI training has increased electricity costs to 30% of operational expenses, compared to 5%-15% previously [5] - A 100P computing power data center can incur electricity costs equivalent to purchasing two apartments in Beijing's Fourth Ring Road annually [5] - The coordination issues with the power grid have led to incidents where data centers had to switch to backup power sources, incurring significant costs [5] Group 2 - The "East Data West Computing" policy aims to alleviate the pressure on electricity costs by utilizing lower electricity prices in western regions [7] - Regions like Inner Mongolia and Ningxia have become attractive for data centers due to electricity prices as low as 0.3-0.4 yuan per kilowatt-hour, which is half the price in eastern regions [8] - However, the instability of renewable energy sources in the west can lead to higher overall electricity costs for data centers [10] Group 3 - Companies are exploring self-generated green electricity, but limitations in rooftop space for solar panels have resulted in only a fraction of their electricity needs being met [12] - Current regulations prevent direct electricity sales from neighboring wind farms, leading to increased costs due to intermediary losses and scheduling fees [15] - Energy storage solutions, such as lithium batteries, have limitations in duration, while alternatives like flow batteries are significantly more expensive [16] Group 4 - New technologies, including hydrogen fuel cells and small modular reactors (SMRs), are being explored to provide sustainable power to data centers, with potential costs as low as 0.35 yuan per kilowatt-hour [18][20] - The GHG Protocol's upcoming "hourly green electricity matching" standard will require real-time matching of green electricity usage, necessitating integrated renewable energy systems near data centers [20] - Companies are currently balancing policy benefits, technological investments, and cost control, as uninterrupted server operation is critical [24]

Core Viewpoint - The upcoming energy storage technology exhibition in Wuhan from September 22-24, 2026, is positioned as a significant event for showcasing technological advancements and predicting industry trends in the context of global energy transformation [1]. Industry Transformation: A Trillion-Level Market - The global energy structure is undergoing unprecedented reconstruction, with the energy storage market expected to exceed $500 billion by 2030 according to the International Energy Agency [3]. - In China, the "dual carbon" goals are driving an increase in new energy installations, with a notable 18.7 GW of new photovoltaic capacity added in Wuhan in 2022, and a 42% year-on-year growth in energy storage project investments [3]. - The supply-demand imbalance in energy storage systems is creating new industrial opportunities, making Wuhan an ideal platform for showcasing energy storage technologies [3]. Technological Outlook: Three Innovative Directions - The exhibition will feature a "Frontier Technology Exhibition Area" highlighting three breakthrough technology directions: 1. Solid-state battery technology, which offers a 30% increase in energy density and enhanced safety compared to traditional lithium batteries [3]. 2. The industrial application of flow batteries, which demonstrate unique advantages in grid-level energy storage [3]. 3. Advances in new thermal storage materials aimed at addressing efficiency degradation in traditional storage systems [3]. Industrial Opportunities: Building a Complete Ecosystem - The rapid development of energy storage technology is reshaping the entire industry chain, with profound changes occurring from upstream raw material supply to downstream application scenarios [4]. - The exhibition will host multiple industry forums featuring experts from academia, research institutions, and enterprises to discuss key topics such as technology standardization and business model innovation [4]. - A "Production-Academic-Research Connection Zone" will facilitate efficient communication between technology developers and enterprise buyers, showcasing the latest technology patents and offering customized services for small and medium-sized enterprises [4]. - Professional training courses covering energy storage system design, operation management, and policy interpretation will be organized, combining theoretical and practical teaching methods [4]. Future Outlook: Building a Sustainable Energy System - Breakthroughs in energy storage technology will directly impact sustainable development, influencing various sectors from household electricity to urban grids and transportation [6]. - The integration of smart grids and IoT technologies is driving energy storage systems towards greater efficiency and intelligence, leading to innovative applications such as distributed energy microgrids and smart energy management systems [6]. Event Significance - The three-day exhibition is not only a showcase of technological achievements but also a crucial milestone for industry development, catering to industry professionals, researchers, and the general public interested in new energy [8].