Core Viewpoint - China's new energy storage capacity has surpassed the world, accounting for over 40% of global installed capacity, driven by clear policies and rapid technological advancements [3][7][8]. Group 1: Current Status of Energy Storage - As of the end of 2024, China's new energy storage capacity reached 73.76 million kilowatts, equivalent to 168 million kilowatt-hours, with an annual growth rate exceeding 130% since the 14th Five-Year Plan [3][7]. - By June 2023, the installed capacity had increased to 94.91 million kilowatts, representing a growth of approximately 29% compared to the end of 2024 [7]. - Major provinces such as Inner Mongolia and Xinjiang have installed capacities exceeding 10 million kilowatts, while Shandong, Jiangsu, and Ningxia have surpassed 5 million kilowatts [7]. Group 2: Policy Support and Market Mechanisms - The development of new energy storage is supported by various policies, including its inclusion in the Energy Law and the government work report, emphasizing its role in the new power system [8]. - The "Action Plan for Accelerating the Construction of a New Power System (2024-2027)" aims to enhance the market mechanism for energy storage, promoting its scientific development [8]. - By 2024, the new energy storage market in the State Grid area is expected to reach 7.12 billion kilowatt-hours, a year-on-year increase of 2.7 times [15]. Group 3: Technological Innovations - The energy storage sector is witnessing a diverse range of technological advancements, with lithium-ion battery storage dominating the market [10][11]. - New technologies such as compressed air storage, flow battery storage, and solid-state batteries are making significant progress, providing a foundation for long-duration regulation capabilities [11][12]. - The establishment of over 20 energy storage standards in 2024 has further enhanced the industry's standardization and operational efficiency [12]. Group 4: Application and Market Expansion - New energy storage systems are increasingly utilized for peak shaving and power supply assurance, especially during high electricity demand periods [14]. - The maximum adjustable power of new energy storage in the State Grid area reached 64.23 gigawatts, with a peak discharge power of 44.53 gigawatts, marking a 55.7% increase from the previous year [14]. - The introduction of market mechanisms allows energy storage companies to participate in auxiliary services and spot markets, providing a stable revenue expectation for the industry [15][16].

Core Insights - The report highlights the rapid growth of new energy storage systems in China, with a total installed capacity of 73.76 million kilowatts and 168 million kilowatt-hours by the end of 2024, accounting for over 40% of the global total [1][3][4] - The development of new energy storage is a strategic choice to support renewable energy and stabilize power supply, especially during peak demand periods [3][4] Energy Storage Development - As of June 2023, the installed capacity of new energy storage in China reached 94.91 million kilowatts, a 29% increase from the projected figures for 2024 [3] - The average annual growth rate of new energy storage installations has exceeded 130% since the 14th Five-Year Plan, with a 20-fold increase in scale [3][4] Policy and Market Mechanisms - Clear policies have been established to promote the high-quality development of new energy storage, including its inclusion in the government work report and various action plans [4][9] - The new energy storage market is evolving, with the establishment of market mechanisms allowing storage companies to participate in auxiliary service markets and earn revenue [9][10] Technological Innovations - The report indicates a diverse range of new energy storage technologies being implemented, with lithium-ion battery storage dominating the market [5][6] - Innovations in energy storage technologies are progressing, with advancements in lithium-ion batteries and the emergence of new technologies such as compressed air and flow batteries [6][7] Application and Performance - New energy storage systems are actively contributing to peak shaving and power supply stability, with a maximum adjustable power of 64.23 gigawatts recorded in the national grid [8] - The peak discharge capacity reached 44.53 gigawatts, representing a 55.7% increase compared to the previous year, effectively supporting power supply during peak demand periods [8] Challenges and Future Directions - Despite rapid advancements, there are regional disparities in the development and market access for new energy storage, with some areas lagging in market participation [10][11] - The report emphasizes the need for further improvements in market mechanisms and investment incentives to enhance the development of new energy storage [10][11]

Core Viewpoint - The article highlights the significant advancements and collaborations in the energy storage industry showcased at the recent "2025 Global User-side Energy Storage Industry Value Summit and Application Demonstration Exhibition," emphasizing the shift towards energy storage solutions and the introduction of innovative products and partnerships among leading companies in the sector [1][2]. Group 1: Industry Trends and Developments - The exhibition transformed from a photovoltaic focus to a dedicated energy storage event, with a notable increase in the number of storage companies and products presented [1]. - Several companies signed major cooperation agreements and secured GWh-level procurement orders during the event, indicating a robust market demand for energy storage solutions [1][2]. - The introduction of products responding to the 136 policy and market value transformation reflects the industry's adaptation to regulatory changes and market needs [1]. Group 2: Key Product Launches - Companies like采日能源 showcased advanced storage systems, including the Serlattice G3 10MWh intelligent storage system, which aims to reduce costs and expand application scenarios [5]. - 中车株洲所 presented its构网型储能系统 and the "云枢" storage inverter, emphasizing high power density and safety features [6][8]. - 华为数字能源 launched the FusionSolar9.0, a smart string-based energy storage solution that integrates various energy management capabilities [10][12]. Group 3: Notable Collaborations and Agreements - 采日能源 and other companies formed strategic partnerships to enhance their energy storage ecosystems, focusing on comprehensive energy solutions [3][18]. - 南都电源 signed a strategic cooperation agreement with 太蓝新能源 to explore solid-state battery applications in ultra-safe energy storage [23]. - 蜂巢能源 established significant strategic agreements with various industry leaders to enhance its market presence and technological capabilities [87]. Group 4: Company-Specific Innovations - 比亚迪储能 introduced several new products, including the MC Cube-T Pro BESS with a capacity of 6.4MWh, featuring advanced safety and operational efficiency [15]. - 亿纬锂能 launched the 836kWh modular cabinet, designed for flexibility and efficiency in commercial energy storage applications [24][27]. - 国轩高科 unveiled its 20MWh energy storage battery system, which received substantial orders and is designed for long-term reliability and safety [31][32]. Group 5: Emerging Technologies and Solutions - 海博思创 presented its "储能+X" full-scene solutions, integrating various storage technologies for diverse applications [16][18]. - 智光电气 showcased its liquid-cooled commercial storage unit, emphasizing high efficiency and safety in demanding environments [60][62]. - 永泰数能's Aurora 5015 system demonstrated high energy density and cost efficiency, marking a significant advancement in the industry [97]. Group 6: Market Outlook - The article indicates a strong growth trajectory for the energy storage market, driven by technological advancements, regulatory support, and increasing demand for sustainable energy solutions [1][2]. - The collaborations and innovations presented at the exhibition suggest a competitive landscape where companies are actively seeking to enhance their offerings and market positions [1][2].