Core Viewpoint - The strategic partnership between Dongfang Risheng and WEG marks a significant step in global energy transition and optimization, with a total capacity of 3GWh for energy storage systems, enhancing their competitive advantage in the global energy storage market [1] Group 1: Strategic Partnership - Dongfang Risheng signed a strategic cooperation agreement with WEG to provide advanced energy storage solutions from 2026 to 2028 [1] - This collaboration signifies a shift from regional cooperation to a global strategic layout, enhancing both companies' positions in the energy storage sector [1] - WEG, a leading electrical equipment manufacturer in Latin America, recognizes Dongfang Risheng's core technological strength and global delivery capabilities [1] Group 2: Recent Achievements - Dongfang Risheng has successfully delivered a 2MW/10MWh energy storage project in Japan and signed a contract for 100 iCon commercial energy storage units in Belgium [2] - The iCon 125kW/261kWh liquid-cooled energy storage cabinet received certification in Italy, showcasing the company's technological prowess and global market expansion capabilities [2] - The company has established a comprehensive value chain in the energy storage sector, covering research, production, sales, and service [2] Group 3: Market Potential - The global energy storage system market is projected to grow from $668.7 billion in 2024 to $5.12 trillion by 2034, with a CAGR of 21.7% from 2025 to 2034 [3] - Dongfang Risheng has developed a matrix of three scenario-based solar storage solutions, covering residential, commercial, and large-scale solar storage projects [3] - The company aims to provide a one-stop, full-chain service for global customers, enhancing its market presence [3] Group 4: Global Expansion - Dongfang Risheng has built a stable and efficient integrated production and sales system, covering over 90 countries and regions [4] - The company focuses on a four-dimensional development strategy: market globalization, manufacturing globalization, capital globalization, and talent globalization [4] - The ongoing high demand in the energy storage industry presents significant growth opportunities for Dongfang Risheng, allowing it to strengthen its competitive barriers [4]

Core Insights - The Chinese energy storage industry is experiencing a "dual-drive" trend, with rapid overseas expansion and deepening industry collaboration to strengthen supply chain coordination for global competitiveness [2] Group 1: Major Collaborations and Projects - Envision Energy has secured a contract with Statera Energy to provide a battery storage system for the 680MW/1360MWh Carrington Storage Project in the UK, which has received £235 million (approximately 2.195 billion RMB) in financing and is expected to be operational by the end of 2026 [3] - Haibos Technology has signed a ten-year strategic cooperation agreement with CATL, committing to purchase no less than 200GWh of battery cells and system products from CATL between 2026 and 2028 [5] - Kehua Data has successfully connected a 20MW REFLEX™ microgrid project in Pakistan to the grid, addressing local power supply instability [6] - Sungrow has shipped multiple hundred-megawatt energy storage products to Eastern Europe, reflecting its commitment to expanding in this emerging market [7] - JA Solar and Chuangneng New Energy have entered a strategic cooperation agreement to jointly develop and supply core energy storage products for overseas markets [8] - LONGi Green Energy has signed an order for 100 iCon commercial energy storage units with European client ES Integrations BV, aiming to optimize energy structure in Belgium [9][10] - Faraday Future has signed a strategic cooperation agreement with a well-known energy developer in Latin America to jointly develop a 1890MW/7560MWh energy storage project [11] - China Energy Engineering Corporation has signed an EPC contract for a solar and storage project in the Philippines, which includes 1.2GWh of storage capacity [12] - Canadian company Canadian Solar has signed a contract to provide a complete energy storage solution for the "Sky 2" project in Ontario, with a scale of 411MW/1.858MWh [13] Group 2: Market Trends and Growth - The global commercial energy storage shipment has increased by 74% year-on-year, with a notable 192% growth in shipments from LONGi Green Energy [10] - The Eastern European energy storage market is rapidly growing, supported by favorable policies and a strong photovoltaic market foundation [7] - The energy storage industry is witnessing significant overseas orders, with over 20GWh of contracts signed in September alone [20]