Core Viewpoint - The new energy storage market in China is experiencing significant growth driven by increasing demand, technological advancements, and strong policy support [3][5]. Group 1: Market Demand and Growth - The installed capacity of new energy storage in China has exceeded 100 million kilowatts, which is over 30 times that at the end of the 13th Five-Year Plan [2]. - The demand for energy storage is expected to continue increasing as the installed capacity of renewable energy sources like wind and solar power rises [5]. - By 2027, the new energy storage installed capacity is projected to reach over 180 million kilowatts, with direct investment in projects estimated at around 250 billion yuan [5]. Group 2: Technological Advancements - Significant breakthroughs in energy storage technology have occurred over the past five years, particularly in lithium-ion battery technology, leading to improved performance and reduced costs [3]. - The commercialization of alternative technologies such as compressed air and flow batteries is establishing a solid foundation for large-scale applications [3]. Group 3: Policy Support - A series of robust policies have been introduced at the national level to support the development of the energy storage industry, including guidelines from the National Development and Reform Commission and the National Energy Administration [3]. - Local governments are also implementing specific market and pricing policies that have greatly stimulated market participation [3]. Group 4: Future Outlook - The energy storage market is expected to see accelerated growth in the next 3-5 years, driven by ongoing increases in renewable energy installations and sustained policy support [4][5]. - By 2027-2028, the new energy storage capacity is anticipated to reach 200 million kilowatts, and by around 2030, it could reach 300 million kilowatts [6]. Group 5: Transition to High-Quality Operations - To transition from "scale installation" to "high-quality operation," breakthroughs are needed in market mechanisms, technology optimization, safety prevention, and lifecycle management [7]. - The development of a comprehensive safety standard and monitoring system is essential for ensuring the safety of energy storage systems [7][8]. Group 6: Industry Collaboration and Policy Recommendations - Enhancing the self-sufficiency of key materials and promoting collaborative innovation in the industry are crucial for sustainable development [8]. - Recommendations include refining market-based revenue policies, strengthening safety regulations, conducting cost research on various storage technologies, and promoting industry self-regulation [8].

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The global energy transition is significantly driven by the increasing share of renewable energy, which is projected to reach 63.6% of total installed capacity by 2029, up from 43.8% in 2023 [16] - The solar photovoltaic (PV) segment is the fastest-growing renewable energy source, with a projected CAGR of 24.4% from 2024 to 2029 [21] - The energy storage system (ESS) market is expected to see substantial growth, with annual shipments projected to reach 793.0 GWh by 2029, reflecting a CAGR of 31.1% from 2024 to 2029 [51] Chapter Summaries Chapter 1: Overview of Global Solar Photovoltaic Market - The share of renewable energy in global electricity generation increased from 25.2% in 2019 to 29.1% in 2023, expected to reach 45.0% by 2029 [16] - The cumulative installed capacity of solar PV grew from 586 GW in 2019 to 1,467 GW in 2023, with a CAGR of 25.8% [25] - The global solar PV market is driven by dual carbon goals, ESG criteria, energy security, technological improvements, rising electricity demand, government incentives, and international cooperation [26] Chapter 2: Overview of Global Energy Storage System Market - Energy storage systems (ESS) are categorized into mechanical, electromagnetic, electrochemical, thermal, and chemical storage technologies [36] - The demand for ESS is increasing due to the need for stability in energy prices and the intermittency of renewable energy sources [36] - The global ESS market is expected to grow significantly, driven by the expansion of renewable energy projects and the need for energy efficiency [51] Chapter 3: Development of the Global Fully Modular Energy Storage Solution Market - Fully modular energy storage solutions are gaining traction due to their advantages over traditional non-modular systems, including flexibility and efficiency [29] - The market for fully modular energy storage systems is expected to expand as technological advancements continue to improve performance and reduce costs [29] Chapter 4: Global Fully Modular Energy Storage Market: Competition & Case Studies - The report provides an overview of key players in the fully modular energy storage market, highlighting competitive dynamics and case studies [34]

Core Viewpoint - The 8th Energy Storage Frontier Technology Conference will be held from April 10 to 12, 2025, at the Capital International Exhibition and Convention Center, focusing on cutting-edge technologies and trends in the energy storage sector [1]. Group 1: Conference Overview - The conference will feature a main forum and seven sub-forums covering advanced energy storage materials, AI applications, sodium-ion storage, flow batteries, long-duration storage, short-term high-frequency storage, and hydrogen energy and fuel cells [1][3]. - The event aims to provide a platform for experts and scholars to share research findings and discuss frontier technologies, fostering innovation and addressing industry challenges [1][5]. Group 2: Expert Participation - The conference will be led by seven academicians and over 60 experts from universities and research institutions, sharing the latest research results and industry insights [2][4]. - Notable speakers include academicians from the Chinese Academy of Engineering and the Chinese Academy of Sciences, as well as professors from leading universities [8]. Group 3: Focus Areas - The conference will cover various hot topics in energy storage, including the current research status and future development trends of different energy storage technologies [3][4]. - Specific sessions will address advancements in hydrogen storage, solid-state batteries, sodium-ion batteries, and flow battery technologies, among others [10][15][20]. Group 4: Industry Collaboration - The conference aims to build a platform for collaboration between industry, academia, and research institutions, promoting the transformation of scientific achievements into practical applications [5]. - It will facilitate discussions on high-quality development in the energy storage industry, aligning academic research with industrial needs [5].