未知机构：储能行业更新202602241月储能装机同比翻倍淡季不淡开门-20260225

Summary of Energy Storage Industry Update - February 24, 2026 Industry Overview - The energy storage industry is experiencing significant growth, with January 2026 showing a doubling in installed capacity compared to the previous year [1] - The data indicates a robust performance in both new installations and bidding activities [1] Key Metrics - Installed Capacity: In January 2026, the domestic new installed capacity reached 3.78 GW and 10.90 GWh, representing a year-on-year increase of +62% and +106% respectively, effectively doubling the previous year's figures [1] - Bidding Activity: The bidding volume for January 2026 was 12.3 GW and 36 GWh, with a year-on-year increase of +60% and +130% after adjusting for the impact of bulk procurement in January 2025, indicating sustained high growth [1] Market Segmentation - Independent Storage: Independent storage accounted for 90% of the new installations, with a breakdown of new installations as follows: - Independent storage: 3.2 GW and 9.6 GWh, year-on-year increases of +249% and +298% [1] - Other types: New energy storage accounted for 8%, thermal power storage for 2%, and area-based storage for 1% [1] Regional Insights - The provinces contributing most to the new installations include: - Xinjiang: 32% - Jiangsu: 21% - Hebei: 11% - Guangdong: 8% - Shanxi: 6% [2] Investment Landscape - Third-party enterprises have emerged as the primary investors in the energy storage sector, with the following distribution of investment sources: - Five major and six minor companies: 17% - Two grid companies and two construction firms: 5% - Local energy groups: 33% - Third-party enterprises: 45% [2] - The internal rate of return (IRR) for storage projects is considered attractive, suggesting a strong investment appeal [2] Future Outlook - The second quarter is anticipated to enter a peak season for the industry, with expectations of an explosion in orders [3] - Recommended companies for investment include: - Integrated sector: Haibo Sichuang (leading domestic large storage), Kelun Electronics (announced U.S. orders), and Sunshine Power (currently undervalued) - Battery sector: Ningde, yw, xwd, ph - Material sector: Lithium carbonate, Enjie, Tianci, Yuno [3] Conclusion - The energy storage industry is poised for continued growth, driven by strong demand, attractive investment returns, and a competitive landscape among various stakeholders. The upcoming quarters are expected to see increased activity and order volumes, making it a promising sector for investment.