China Battery ESS_ New policies clearing a pathway for future growth, we contextualize near-term implications; Buy CATL (on CL)
2025-02-23 14:59
20 February 2025 | 1:55PM HKT China Battery ESS New policies clearing a pathway for future growth, we contextualize near-term implications; Buy CATL (on CL) In the past two weeks, two impactful policies that we think should help clear the pathway for BESS growth have been released. 1. Independent BESS business models are now one step closer to maturity The new policy allows power prices to float in a broader range, which we believe enriches the arbitrage opportunities for BESS - the key driver in our BESS b ...