Core Viewpoint - The rapid development of new energy storage technologies in China is evident, with a clear trend towards "long-duration" storage solutions, particularly in flow batteries and compressed air energy storage [2][3][4] Policy Support - National policies are increasingly supportive of large-scale and medium-to-long duration energy storage projects, with multiple initiatives aimed at enhancing the commercial viability of long-duration storage [3][5][7] - Local governments are also implementing subsidy policies to improve the economic competitiveness of new energy storage projects, with various regions offering significant financial incentives [7][8] Market Growth - The installed capacity of new energy storage projects in China surpassed 137.9 GW by the end of 2024, with new energy storage alone reaching 78.3 GW, marking a year-on-year growth of 126.5% [9][11] - The proportion of long-duration storage projects (4 hours and above) has increased to 15.4% of the total installed capacity, reflecting a growing focus on long-duration energy storage solutions [11][13] Technology Development - Flow battery installations have seen rapid growth, with a total capacity exceeding 1 GWh in the first half of 2025, representing a year-on-year increase of approximately 272% [14][15] - The flow battery market is diversifying, with all-vanadium flow batteries dominating but other technologies like zinc-iron and iron-chromium also making progress [15][17] - Compressed air energy storage projects are gaining traction, with 14 projects initiated in early 2025, totaling 4.1 GW/18.7 GWh, a 33.3% increase from the previous year [24][26] Project Scale - The trend towards larger-scale projects is evident, with the number of flow battery projects exceeding 100 MW increasing from 1 in 2023 to 4 in 2024, and 14 more in development [22][24] - Significant breakthroughs in large-capacity compressed air projects have been achieved, including the world's first 300 MW compressed air storage facility [26][29] Emerging Technologies - The potential of compressed carbon dioxide storage technology is beginning to emerge, with two projects under construction, totaling 200 MW/1400 MWh, indicating a growing interest in this area [29][30]

Core Viewpoint - The storage industry in China is responding to intense low-price competition by signing a "anti-involution" initiative to promote fair competition and healthy development [1][2] Group 1: Initiative Overview - The initiative was released by the China Chemical and Physical Power Industry Association and includes a draft titled "Proposal for Maintaining Fair Competition Order and Promoting Healthy Development of the Storage Industry" [1] - A total of 149 companies have signed or participated in the initiative, including major players like BYD, EVE Energy, Huawei Digital, and Haicheng Energy [1] - The participating companies span various sectors of the storage industry, including lithium-ion batteries, flow batteries, sodium-ion batteries, compressed air storage, flywheel storage, supercapacitors, thermal storage, and more [1] Group 2: Content Structure of the Initiative - The initiative is divided into six chapters, covering general principles, cost pricing behavior norms, product and service fulfillment, technological innovation and green development, and industry coordination mechanisms [2] - The cost pricing behavior norms chapter emphasizes reasonable pricing and fair competition, encouraging members to base market participation on technology, service, reputation, and fulfillment capabilities [2] - It advises companies to quote prices based on their operational status, cost assessments, and project risks, while avoiding irrational low-price behaviors to prevent "bad money driving out good" [2] - In terms of bidding behavior, the initiative encourages members to adhere to principles of integrity, transparency, professionalism, and prudence, while discouraging false promises and cost-underbidding [2] - The China Chemical and Physical Power Industry Association is currently seeking feedback on the initiative and invites more willing companies to join in refining and implementing its contents [2]

Core Viewpoint - The Hami Energy Group's 100MW/400MWh vanadium flow battery energy storage project has officially commenced operation, marking a significant advancement in long-duration energy storage technology in the region [2][3]. Group 1: Project Overview - The project is the first independent vanadium flow energy storage benchmark project in Hami City, utilizing advanced flow battery technology with a storage capacity of 400,000 kWh, sufficient to meet the daily electricity needs of 80,000 households [2]. - The project was completed in just 148 days, filling a gap in the large-scale application of long-duration energy storage technology in the autonomous region [3]. - The energy storage system operates at a normal temperature and pressure environment of 35-45°C, eliminating flammability and explosion risks, with a cycle life exceeding 20,000 times and a design lifespan of 20-25 years, which is more than three times that of lithium-ion batteries [3]. Group 2: Technical and Economic Impact - The energy station can charge 400,000 kWh and discharge 270,000 kWh daily, significantly enhancing the capacity for renewable energy consumption [3]. - The project is expected to increase the utilization rate of renewable energy generation by approximately 8% annually, equivalent to absorbing an additional 360 million kWh of green electricity and reducing carbon emissions by about 300,000 tons [4]. - The new vanadium flow energy storage station, with a capacity of 400 MWh, acts as a "super battery," effectively stabilizing fluctuations in renewable energy generation and improving the stability and economic efficiency of the "Xinjiang electricity export" channel [3][4]. Group 3: Future Developments - Hami Energy Group is also developing a smart manufacturing base for vanadium flow battery storage equipment in collaboration with Dalian Rongke, which will fill a gap in the group's energy storage business and promote the application of vanadium flow storage technology [2][3]. - Following the addition of the new energy storage project, Hami's total energy storage capacity will exceed 1 million kW, reaching 1.13 million kW [4].

Group 1 - The "Shuyun Cup" Innovation and Entrepreneurship Competition in Baiyun District aims to attract high-quality entrepreneurial projects in the new energy and energy storage sectors, with rewards up to 2.3 million yuan and industry investment support up to 200 million yuan [1][5] - Baiyun District has integrated the new energy and new energy storage industries into its "6+6+X" modern industrial system, promoting high-quality development, with the new energy storage industry scale exceeding 20 billion yuan [2][5] - The competition focuses on areas such as solid-state batteries, flow batteries, hydrogen storage, and smart control technologies, aiming to bring in projects that align with the district's industrial positioning [5][6] Group 2 - Baiyun District has introduced a series of talent incentive policies for the new energy storage equipment industry, with individual rewards up to 300,000 yuan, covering talent attraction, cultivation, retention, and utilization [6] - The district is accelerating the construction of a "2+3" industrial spatial layout, planning over 5,000 acres of land to create a comprehensive ecosystem for the new energy storage industry [6]

Core Viewpoint - In the first half of 2025, China's energy storage industry achieved significant growth in overseas orders, with a total of 163 GWh, representing a year-on-year increase of 246% [1][4]. Group 1: Market Expansion - Chinese energy storage companies have expanded their overseas orders to over 50 countries and regions, with notable orders from the Middle East, Australia, and Europe [4][6]. - Major projects include significant contracts from companies like CATL and BYD, with orders exceeding 10 GWh [6][12]. Group 2: Technological Diversification - The energy storage sector is witnessing a diversification in technology, with lithium batteries, sodium batteries, and flow batteries all advancing in international markets [2][8]. - Companies like Guangdong Haida and Beijing Punan are making strides in sodium and flow battery technologies, securing international orders [10][8]. Group 3: Competitive Landscape - Established companies like CATL and BYD leverage their brand recognition and technological capabilities to secure large contracts, while new entrants focus on niche markets and localized services [12][13]. - New players are rapidly gaining market share through customized solutions and strategic partnerships in emerging markets [13][16]. Group 4: Collaborative Models - The industry is evolving towards a collaborative model involving battery manufacturers, system integrators, and EPC service providers, enhancing competitiveness in global markets [14][16]. - Notable collaborations include projects in South Africa and Egypt, showcasing a unified approach to energy storage solutions [16][18]. Group 5: Long-term Operations - Long-term operation and maintenance services are becoming a competitive advantage, with companies like Envision Energy and Sungrow signing multi-year service agreements [15][18]. - This trend indicates a shift towards not just equipment supply but also ongoing technical support and asset management [15][18]. Group 6: Localization Strategies - Chinese companies are investing in local operations to enhance their global competitiveness, with significant investments in Indonesia and Malaysia [16][18]. - These initiatives aim to establish a comprehensive supply chain and manufacturing capabilities in key markets [16][18]. Group 7: Application Scenarios - The application scenarios for energy storage are diversifying, extending beyond traditional large-scale and residential storage to data centers and electric vehicle charging [17][18]. - Companies are actively pursuing opportunities in these new segments, indicating a robust growth trajectory for the energy storage industry [17][18].

Core Viewpoint - The article highlights the increasing demand for energy storage solutions driven by the surge in electricity consumption from data centers, with Google making significant investments in long-duration energy storage technologies to meet its clean energy goals by 2030 [1][2][3]. Group 1: Google's Strategic Moves - Google has established a long-term partnership with Energy Dome to deploy carbon dioxide battery technology, marking its first commercial transaction in long-duration energy storage [2][4]. - The collaboration aims to store renewable energy for up to 24 hours, supporting Google's target of achieving 100% clean energy for its data centers by 2030 [3][4]. - Google is also investing directly in Energy Dome to support the development of long-duration energy storage (LDES) technologies and is committed to policy changes to facilitate the deployment of these technologies [4][5]. Group 2: Data Center Energy Demand - The global electricity consumption of data centers is projected to reach 415 TWh in 2024, accounting for 1.5% of global electricity consumption, with an annual growth rate of 12%, expected to double by 2030 [7][10]. - Google's data center electricity usage has surged from 14.4 million MWh in 2020 to 30.8 million MWh in 2024, representing 95.8% of its total electricity consumption, with costs increasing sevenfold since 2014 [4][7]. Group 3: Energy Storage Market Dynamics - The demand for energy storage in data centers is becoming essential, with a projected compound annual growth rate of 76.3%, increasing from 10 GWh in 2024 to approximately 300 GWh by 2030 [10]. - The article notes that the technology landscape is diversifying, with Google betting on carbon dioxide battery technology, while other companies like Tesla and CATL focus on lithium-ion batteries [11][17][18]. Group 4: Technological Innovations - Energy Dome's carbon dioxide battery technology is claimed to outperform lithium-ion batteries in long-duration storage, with a target discharge time of 8-24 hours [13][14]. - Google believes that LDES technology can economically integrate more renewable energy into the power system, potentially saving $540 billion annually by 2040 if deployed at 8 TW globally [14][18].

Core Viewpoint - The energy storage industry is experiencing significant growth in project bidding and winning, with a notable increase in both the number and scale of projects in the first half of 2025 compared to the previous year [1][2][3]. Group 1: Demand and Market Growth - In the first half of 2025, there were 1,291 energy storage bidding projects, a year-on-year increase of 27.3%, and 949 winning projects, up 13.9% [1]. - The number of winning bids for energy storage systems reached 401, reflecting a 40.1% increase, while EPC winning bids totaled 404, up 4.9% [2]. - The winning scale for energy storage systems was 11.2 GW/86.2 GWh, with a year-on-year surge of 278%, primarily driven by a significant increase in centralized procurement [2]. Group 2: Market Competition and Structure - The number of companies winning bids in the energy storage system market decreased by 31.1% year-on-year, indicating heightened competition [5]. - The top 15 companies in the EPC sector accounted for 38.2% of the total market, while the top 15 in the energy storage system sector only represented 20.6%, suggesting a more fragmented market [5]. - Major players like CRRC Zhuzhou Institute and Sungrow Power are leading the market, with a trend of battery manufacturers penetrating downstream system integration [5]. Group 3: Technology Trends - Lithium-ion batteries remain the dominant technology in EPC bidding, accounting for 93.7% of the total, an increase of 2.1 percentage points from the previous year [6]. - Flow batteries, particularly vanadium flow batteries, are gaining traction, with their market share rising to 5.5% [6]. Group 4: Procurement Trends - Centralized procurement has significantly increased, with 69% of energy storage system winning projects falling under this category, up 33 percentage points year-on-year [9]. - This shift towards centralized procurement enhances cost efficiency and supplier network establishment, while also intensifying competition among smaller firms [11]. Group 5: Regional Distribution - EPC winning projects are primarily concentrated in resource-rich regions such as Inner Mongolia, Xinjiang, and Ningxia, with significant activity also in clean energy provinces like Yunnan and Sichuan [13]. - Inner Mongolia leads in EPC project wins, supported by favorable local policies that incentivize energy storage projects [13].

Core Viewpoint - The 2025 TrendBank (Yinchuan) Long-term Energy Storage Industry Conference aimed to build a new ecosystem for long-term energy storage, gathering industry authorities, academic institutions, and enterprises to discuss development directions and strategic layouts for the industry [4][8]. Group 1: Conference Overview - The conference was held on July 15, 2025, in Yinchuan, guided by local government and industry associations, and co-hosted by Shanghai Electric Energy Storage Technology Co., Ltd. [2][4]. - The theme of the conference was "Building a New Ecosystem for Long-term Energy Storage," focusing on creating a high-end, professional, and open communication platform [4]. - The event featured specialized sessions on compressed air, molten salt, hydrogen storage, and flow batteries, highlighting the diverse applications and innovations in long-term energy storage [4][26]. Group 2: Key Discussions and Innovations - Innovations in compressed air energy storage (CAES) were discussed, with expectations for advancements in power ratings from 300MW to 660MW, aiming for higher efficiency and lower costs [10]. - The molten salt storage technology was highlighted for its versatility in various applications, including zero-carbon industrial parks and flexible transformation of thermal power plants [14][16]. - Hydrogen storage was recognized for its potential in large-scale, long-duration energy storage, despite its current lower efficiency compared to other storage methods [18][20]. Group 3: Challenges and Future Directions - The compressed air storage industry faces challenges such as improving system performance, establishing a mature supply chain, and developing stable pricing mechanisms [12]. - The flow battery technology was identified as having significant development potential due to its ability to meet long-duration storage requirements, despite existing challenges in component performance and cost [36][39]. - Discussions included the impact of policy changes on the liquid flow battery industry and strategies for reducing costs and improving energy density [43].

Core Viewpoint - The article highlights the upcoming "2025 TrendBank (Yinchuan) Long-term Energy Storage Industry Conference" scheduled for July 2-3, 2025, in Yinchuan, which aims to promote advancements in long-term energy storage technologies and foster industry collaboration [2][17]. Group 1: Conference Details - The conference will be held at the Yinchuan Lida Deep Hang International Hotel, with free admission for all industry participants [2][17]. - The event is organized by TrendBank in collaboration with Shanghai Electric Energy Storage Technology Co., Ltd., and will feature the release of the "2025 TrendBank Long-term Energy Storage Industry Development Blue Paper" [2][17]. - The conference is expected to attract over 300 participants and is supported by various governmental and industrial organizations [17][19]. Group 2: Key Speakers and Topics - Zhang Cheng, CEO of Yifu Energy Technology (Guangdong) Co., Ltd., will present on "Innovation and Commercialization of Flow Battery Technology: Towards New Breakthroughs" [4][10]. - The agenda includes sessions on compressed air, molten salt, hydrogen storage, and flow battery technologies, with various experts sharing insights on advancements and applications [18][24]. Group 3: Industry Context - Yifu Energy Technology focuses on the research and innovation of non-deposit flow battery systems, aiming to provide efficient and reliable solutions for the energy storage market [11][13]. - The Su-Yin Industrial Park, where the conference is held, is part of a strategic initiative to develop new energy and materials industries, emphasizing the importance of energy storage technologies [19][20].

Core Viewpoint - The "14th Five-Year Plan" for energy is crucial for achieving carbon peak goals and accelerating the construction of a new energy system, emphasizing the need for a comprehensive approach to energy planning and development [1] Group 1: Trends in Energy Development - Trend 1: The transition to green and low-carbon energy is advancing, with clean energy taking a leading role. The investment in non-fossil energy during the "14th Five-Year Plan" accounted for one-third of global investments, and during the "15th Five-Year Plan," installed capacity for wind and solar energy is expected to exceed 1.2 billion kilowatts [2] - Trend 2: Hydrogen and energy storage are becoming critical supports. The development of green hydrogen production technology is progressing rapidly, and the cost of renewable energy electrolysis for hydrogen production is decreasing [3] - Trend 3: The construction of a new power system is essential to address the challenges of renewable energy consumption. The new power system will enhance the flexibility and stability of the energy supply, focusing on improving grid infrastructure and integrating various energy sources [4] - Trend 4: The energy internet is taking shape, with continuous improvements in digitalization and intelligence. The integration of advanced information and communication technologies with energy systems will optimize energy production, transmission, and consumption [5][6] Group 2: Energy Security and Global Competition - The "15th Five-Year Plan" will see a blend of energy security and global competition, with a focus on self-sufficiency and resilience in energy supply. Domestic shale gas production is expected to exceed 50 billion cubic meters, and strategic mineral reserves will be extended to a six-month guarantee period [7] - Internationally, the shift towards carbon neutrality is reshaping global energy rules, moving from project-based cooperation to competition across the entire industry chain. This includes leading the establishment of international standards for green hydrogen and energy storage [7]