Core Insights - The new power system construction accelerates the establishment of commercial and industrial energy storage as a key flexible adjustment resource, but recent policy changes have introduced uncertainty in the domestic market [1] - Envision Technology Group has launched the first systematic evaluation standard for the industry, the "Envision Formula," which emphasizes a comprehensive assessment of various factors beyond just battery decay or energy density [1] - Recent adjustments in electricity pricing policies in provinces like Jiangsu, Guangdong, and Shandong have significantly weakened the arbitrage opportunities for energy storage [1] Group 1 - The Envision Formula calculates station revenue based on multiple factors including energy value, conversion efficiency, state of health (SOH), availability, confidence, and interest, aiming to maximize investment returns from the user's perspective [1] - Envision believes that the economic value created by the same kilowatt-hour of electricity varies significantly across different applications such as peak-valley arbitrage, demand management, and ancillary services [2] - The company’s energy storage cabinets can utilize a self-developed EGC microgrid controller for real-time interaction with the EnOS energy management platform, enabling various strategies to maximize local electricity revenue [2] Group 2 - The current market often emphasizes single hardware parameters for evaluating energy storage cabinet performance, but Envision argues that competition has shifted from hardware performance to system-level comprehensive capabilities [2] - Future commercial energy storage products will require more reliable hardware, smarter software, and flexible scheduling to participate in multiple markets, indicating a shift from traditional product logic [3] - Envision's Chief Sustainability Officer emphasizes that understanding customer needs and possessing system capabilities are essential for creating long-term value in uncertain market conditions [3]

Core Viewpoint - The construction of a new power system is accelerating, establishing the definitive role and trend of commercial and industrial (C&I) energy storage as a key flexibility resource, while recent policy changes have introduced uncertainties in the domestic C&I energy storage market [1] Group 1: Industry Trends - The release of the document "Notice on Deepening the Market-oriented Reform of New Energy Grid Connection Prices to Promote High-quality Development of New Energy" has led to significant adjustments in electricity pricing policies across several provinces, reducing the arbitrage opportunities for energy storage [1] - The industry is at a critical juncture for reconstructing business models due to these changes in the market environment [1] Group 2: Company Initiatives - Envision Group launched the "Envision Formula" and an ecological cooperation conference during the SNEC exhibition, aiming to find "certainty" amidst the current "uncertainty" in the C&I energy storage sector [1] - The company is building three core capabilities: product certainty, model certainty, and revenue certainty, through an integrated solution of hardware, software, and services, along with a partner incentive program [1] Group 3: Technological Innovations - Envision's technological breakthrough lies in dynamically optimizing decision-making paths to match the highest value application modes based on real-time electricity prices and load demands, thereby enhancing the economic value of each kilowatt-hour [2] - The Envision energy storage cabinet can integrate with the self-developed microgrid collaborative controller and the cloud-based EnOS energy management platform for real-time interactions, maximizing local electricity revenue through various strategies [2] Group 4: Market Participation - Envision's EnOS virtual power plant can aggregate multiple asset sources to participate in electricity spot market trading, demand response, and ancillary services, creating multiple policy subsidies and market revenues [2] - The company emphasizes that understanding customer needs and possessing system capabilities are essential for navigating uncertainties in electricity pricing and market conditions, thereby ensuring long-term value creation for C&I energy storage projects [2]