中国储能双周报：储能参与主体市场化程度提升-China Energy Storage Industry_ China BESS biweekly_ Improved marketization for China BESS participants

ab 28 November 2025 First Read Global Research China BESS system price has stayed largely flat WoW at Rmb0.50/0.46/Wh for 2h system (AC) and 4h system (AC). Grid-Forming BESS system maintained Rmb0.10-0.15/Wh price premium vs Grid-Following BESS system. Besides the front-loaded demand from the US, we believe the strong demand from Europe, Australia, Middle East, etc could sustain. Strong installation data in 10M25 According to CNESA, China BESS installation reached 35.3GW/89.3GWh in 10M25, up 56%/60% YoY. O ...