Core Insights - The report from Guotai Haitong indicates that the nationwide promotion of the capacity electricity price mechanism will enhance the economic viability of energy storage in more provinces, leading to significant growth in the sector [1][2] - The introduction of discharge compensation in Inner Mongolia is expected to greatly stimulate energy storage demand in 2026 [1][3] Summary by Sections Capacity Electricity Price Mechanism - The National Development and Reform Commission and the National Energy Administration have released guidelines to promote the consumption and regulation of renewable energy, aiming to meet an annual demand for the reasonable consumption of over 200 million kilowatts of new energy nationwide [2] - The guidelines emphasize the need to improve the capacity electricity price mechanism for coal power, pumped storage, and new energy storage, which is a first-time inclusion of new energy storage in a formal policy document [2] Inner Mongolia Energy Storage Compensation - The compensation standard for independent new energy storage stations discharging to the public grid in 2026 is set at 0.28 yuan/kWh, a decrease from 0.35 yuan/kWh in 2025, but still beneficial for the economic viability of energy storage [3] - The policy is seen as a continuation of the previous year's framework and is expected to significantly boost energy storage demand in 2026 [3] Market Trends and Statistics - In October 2025, the newly added bidding volume for domestic energy storage was 8.39 GW/27.08 GWh, representing year-on-year growth of 24% and 29%, with Inner Mongolia, Xinjiang, and Gansu contributing over half of the market demand [3] - The average bidding price for 4-hour energy storage systems increased by 11% to a range of 0.41-0.5 yuan/Wh, with a weighted average price of 0.44 yuan/Wh [3]

文 | 内蒙古自治区能源局 11月10日，内蒙古自治区能源局发布《 关于规范独立新型储能电站管理有关事宜的通知 》。 通知指出，2026年度独立新型储能电站向公用电网 放电量的补偿标准为0.28元/千瓦时 。纳入内蒙古自治区独立新型储能建设项目清单的独立 新型储能电站执行向公用电网放电量补偿的时间，自建成实质性投产当月起开始计算。 今年年初，内蒙古能源局印发了《关于加快新型储能建设的通知》，该通知明确了灵活的容量补偿标准。提出对纳入自治区独立新型储能电站规 划的独立新型储能电站向公用电网的放电量执行补偿，补偿标准一年一定，每年9月底前公布次年补偿标准，补偿标准明确后执行时间为10年。 2025年度独立新型储能电站补偿标准为 0.35元/千瓦时， 2025年6月30日前不能开工的独立新型储能电站项目不执行2025年度补偿标准。 此次发布的通知中还提到，电网企业要逐日公布电力供需预测信息，对已建成独立新型储能电站申报的充放电曲线进行校核，原则上清单内储能 电站 日内全容量充电次数不得超过1.5次。 清单内储能电站不得擅自变更建设内容，在项目建设期内和建成后 2年内不得通过代持、隐性股东或交叉持股等方式改变项目股东 ...

一方面，按照内蒙古自治区能源局2025年3月印发的关于加快新型储能建设的通知，对于纳入自治 区储能规划的独立新型储能电站投产后向公网的放电量，按照一年一定、一定10年的原则实施补偿，其 中2025年及以前建成投产项目的补偿标准为0.35元/千瓦时。另一方面，独立新型储能电站还能参与电 力现货市场交易，在电价低谷时充电储存，在电价高峰时放电卖出，从中赚取差价。 新华社呼和浩特9月26日电（记者安路蒙）在位于库布其沙漠腹地的鄂尔多斯万成功20万千瓦/80万 千瓦时储能电站项目，一列列银白色的储能电池仓整齐排列，宛如一座充满未来科技感的"新能源方 阵"。 该项目负责人李超介绍，电站于今年6月29日正式投产，截至8月末，累计充放电83次，峰谷价差平 均为0.15元/千瓦时，实现收入3704.43万元（含容量补偿0.35元/千瓦时），实现利润999万元，预计2025 年可实现利润2900万元。 记者从内蒙古自治区能源局了解到，内蒙古探索储能可持续商业模式，区内储能电站正从成本中心 变为利润中心，运行较好的储能电站综合收益率超过20%。其中，今年1月至8月，内蒙古对全区纳入规 划的独立新型储能电站累计发放的放电量补偿金额 ...

Group 1: Energy Investment Growth - In the first half of 2025, Inner Mongolia's energy major project investment reached 165.8 billion yuan, a year-on-year increase of 39%, accounting for 52% of the annual planned investment [1] - The progress in coal projects includes the approval of two coal mine area plans, the commencement of two coal mines with a total capacity of 16 million tons per year, and the completion of one coal mine with a capacity of 1.5 million tons per year [1] - Smart coal mines account for 89% of the total coal production capacity in operation [1] Group 2: Power Infrastructure Development - The ±800 kV UHVDC transmission project from Inner Mongolia to Beijing-Tianjin-Hebei has been approved, with 29 cross-municipality power grid projects approved in the first half of the year [1] - Ten 500 kV power grid projects were put into operation, and 43 projects are under construction [1] - The project to electrify 580 remote farming and pastoral households has commenced, with the overall progress of Inner Mongolia Power Group's projects at 58% [1] Group 3: Green Hydrogen Initiatives - Inner Mongolia has introduced nine policies to promote green hydrogen project construction and consumption, extending the 40% online electricity ratio policy for wind-solar hydrogen projects until 2027 [2] - The 150,000 kW integrated wind-solar hydrogen demonstration project by Datang Duolun has been put into operation, facilitating the coupling of green hydrogen with coal chemical applications [2] - The construction of the hydrogen long-distance pipeline from Damao Banner to Baotou City has begun, and the demonstration project for hydrogen transportation from Ulanqab City to the Beijing-Tianjin-Hebei region has been approved [2] Group 4: Energy Storage Development - Inner Mongolia has implemented compensation policies for independent new energy storage power stations, stabilizing investment return expectations for enterprises [2] - By the end of June, grid companies had paid a total of 16.6 million yuan in compensation to nine independent new energy storage power stations [2] - A total of 34 new energy storage projects with an installed capacity of approximately 14.8 million kW have commenced construction in the first half of the year [2]

Core Viewpoint - The acceleration of new energy storage projects in Inner Mongolia is crucial for enhancing grid stability and supporting the construction of a new power system, addressing renewable energy consumption issues [2]. Group 1: New Energy Storage Projects - By the first half of 2025, Inner Mongolia plans to start construction on 34 independent new energy storage stations, with a total installed capacity of 14.8 million kilowatts [1]. - Recent projects include a 1 million kilowatt/600 megawatt-hour storage station in Ulanqab and a 300 megawatt/1280 megawatt-hour project in Ordos, among others [1]. - The new energy storage stations will utilize various technologies, including lithium iron phosphate, all-vanadium flow batteries, compressed air storage, and molten salt storage [1]. Group 2: Importance of New Energy Storage - New energy storage acts as a "stabilizer" and "regulator" for the power system, playing a vital role in the construction of a new power system [2]. - The rapid development of new energy storage stations will not only help in the consumption of renewable energy but also enhance the stability and flexibility of the power grid [2].