The Zhitong Finance App learned that recently, as the new energy storage industry is about to enter an explosion period, many places have introduced relevant plans and policies. Guangdong has clearly proposed that the new energy storage industry be a strategic pillar industry in Guangdong, and recently set up a special work course on promoting the high-quality development of the new energy storage industry in Guangdong Province to push the projects under construction to be put into operation as soon as possible. Meanwhile, on August 15, Guangzhou issued “Implementation Opinions on Promoting the High-Quality Development of the New Energy Storage Industry” and held a related press conference. Guangzhou is actively cultivating the new energy storage industry, will accelerate the improvement of funding mechanisms for innovative projects guided by enterprise needs, and support leading energy storage enterprises to take the lead in forming innovative consortia. Liu Yong, secretary general of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, predicts that in 2025, China's new energy storage market is expected to reach 70 GW, and the scale of the industry may exceed trillion yuan.
Recently, Guangdong Province set up a special work class to promote the high-quality development of the new energy storage industry, strengthen tracking services for new energy storage projects, actively coordinate and solve project construction problems, implement resource factor guarantees in a timely manner, and push for projects under construction to be put into operation as soon as possible. Chen Hongzheng, director of the Industrial Development Department of the Guangdong Provincial Development and Reform Commission, explained that with the construction of a new power system,Build the new energy storage industry into a strategic pillar industry in Guangdong, focus on cities such as Guangzhou, Shenzhen, and Zhuhai, and build energy storage battery industry clusters on the east and west sides of the Pearl River estuary. Guangdong Province, on the other hand, positions the new energy storage industry as the next “trillion-level” industry.
At the same time, in order to further accelerate the high-quality development of the new energy storage industry, the Guangzhou Municipal Government issued the “Implementation Opinions of the General Office of the Guangzhou Municipal People's Government on Promoting the High-Quality Development of the New Energy Storage Industry”, making every effort to promote the development of the new energy storage industry as an important part of the city's strategic emerging industry. The “Implementation Opinions” suggest promoting strong chain repair chains in new energy storage industry segments such as energy storage batteries, power batteries, hydrogen energy, and photovoltaic cells; expanding the scale of lithium battery manufacturing, increasing the supply capacity of energy storage electronic component products, improving the recycling system for NEV power batteries; encouraging enterprises to participate in projects such as positive and negative electrode materials, electrolytes, etc.; and encouraging key enterprises to form energy storage groups and build a number of new energy storage industrial parks to a high standard. It is planned that by 2025, the revenue of Guangzhou's new energy storage industry will reach more than 60 billion yuan; by 2027, it will reach more than 100 billion yuan.
Mou Zhiping, executive deputy director of the Guangzhou Greater Bay Area Office and deputy director of the Municipal Development and Reform Commission, said that new energy storageIt is an important part of building a new energy system, a new power system, and a supply, storage and marketing system for energy production. It is an important support for achieving the carbon neutrality goal of reaching carbon peaks. It is also an important focus point for spawning new forms of energy and seizing strategic highlands for industrial development.In recent years, Guangzhou has actively cultivated a new type of energy storage industry, built a number of electrochemical energy storage power plants, power batteries, and equipment manufacturing projects for key energy storage components, etc., and a number of advantageous enterprises have emerged.
It is worth mentioning that Guangzhou, as an electricity load center, has many application scenarios for new energy storage. Su Zhipeng, deputy general manager of the Guangdong Guangzhou Power Supply Bureau of China Southern Power Grid, said that from the power source side, energy storage power plants can improve power efficiency and support grid stability, and are an important part of building a new power system. From the user side, Guangzhou has developed industry and commerce, and new energy storage power plants can be used as a power supplement for parks and industrial enterprises, and can also be integrated with new energy vehicle charging stations to develop integrated storage projects. Currently, there are 36 energy storage power plants in operation in the city, with a total power of over 133 megawatts.
Furthermore, many places have recently introduced support policies for the energy storage industry. “Certain Measures to Accelerate the Development of the New Energy Storage Industry in Foshan (Trial)” proposes to make the new energy storage industry a strategic pillar industry led by Foshan's manufacturing industry. Policies such as the “Ningxia “14th Five-Year Plan” for the Development of New Energy Storage Projects, “Certain Measures to Accelerate the Construction of New Energy Storage Demonstration Projects in Guangxi (Trial)”, and “Tianjin New Energy Storage Development Implementation Plan” have been introduced one after another to support the development of the energy storage industry.
On August 2, Chen Haisheng, chairman of the Zhongguancun Energy Storage Industry Technology Alliance and chairman of the Energy Storage Committee of the China Energy Research Association, said during the release of “Energy Storage Technology and Industry Development Trends and CNESA Datalink 2023 Energy Storage Data for the First Half of the Year” that it is expected that the new energy storage will reach 15 to 20 GW of installed capacity this year, exceeding the sum of the past ten years.
In the past two years, energy storage has ushered in explosive development. According to data released by the National Energy Administration on July 31, by the end of June this year, new energy storage projects had been built and put into operation nationwide, with a cumulative installed capacity of over 17.33 GW/35.8 GWh, with an average energy storage time of 2.1 hours. Among them, the overall scale of the new operation in January-June was about 8.63 GW/17.7 GWh, which is equivalent to the total cumulative installed capacity of previous years. The installed capacity was doubled in half a year.
Looking ahead to the development of the industry in the second half of 2023, Chen Haisheng gave a five-point forecast:One isResearch on energy storage technology remains active, and China maintains the position of the most active country in basic research, key technologies, and integrated demonstration in the world.The second isThe market size will continue to grow rapidly. In particular, the scale of new energy storage will grow rapidly. The new installed capacity will reach 15-20 GW throughout the year, exceeding the sum of the past ten years, and the industrial chain will become more and more mature.Three isThe industrial chain is becoming more mature, and the trend of China dominating the global battery supply chain is becoming more and more obvious. Battery production is expected to double, accounting for more than 50% of exports.The fourth isEnergy storage policies will continue to be optimized, the electricity market will continue to be optimized, and the energy storage market mechanism, operation mechanism and standardized management will continue to be optimized.Five isThe capital market is generally improving, market investment remains active, and the energy storage index is expected to stabilize and improve.
The Haitong Securities Research Report pointed out that the configuration of energy storage can improve the power generation quality of new energy power supplies and improve the safety and stability of power grid operation.Looking at the future, the market size of the energy storage industry still has a lot of room for growth in the medium to long term.Anxin Securities released a research report saying that it continues to be optimistic about the flexible role played by energy storage in the new power system, and it is expected that the installed capacity of energy storage will maintain rapid growth throughout the year.
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BYD Co., Ltd. (01211): Dongwu Securities's August 1 research report pointed out that according to BYD's production and sales report, in July 2023, power and energy storage batteries were installed at 12.41 GWh, +70%/+5% over the same month, with a cumulative installed capacity of 72.7 GWh in January-July, up 76% year on year. Benefiting from European household savings and global major power plant projects, the company's battery production is expected to exceed 200GWH in 23, an increase of 150% +, a significant increase in volume.
Shanghai Electric (02727): According to Shanghai Electric, on July 19, the all-vanadium liquid flow battery energy storage equipment of the Spanish commercial energy storage project undertaken by Shanghai Electric Energy Storage Technology Co., Ltd. successfully passed factory acceptance and was shipped from the Hefei production base to the northeastern Spanish city of Zaragoza, marking the first batch export of Shanghai electric liquid energy storage products in the European market. The project product is the main product type selected by the customer after combining the local market and testing the performance and quality of Shanghai Electric products. It reflects the strong market adaptability of Shanghai Electric products and can meet the “personal customization” needs of customers.
China Power (02380): On July 26, China Power announced the main and related transactions relating to asset acquisition matters: the company signed an agreement with China Power Investment. The company plans to acquire shares in new energy assets with China Power Investment Corporation of 8.811 billion yuan in cash; at the same time, the company signed agreements with China Power Investment Guangdong and China Power. The company plans to acquire shares in its new energy company with 1,974 billion yuan in cash. The target company's wind power and photovoltaics operations have installed capacity of 7,5317 million kilowatts, and the installed capacity under construction is 1,736,600 kilowatts. According to this announcement, the company plans to acquire the installed capacity of New Energy from China Power Investment Corporation to reach 7.5317 million kilowatts, equity installed capacity of 5.5 million kilowatts, and another 1.736,600 kilowatt project is still under construction. After the acquisition is completed, the company's clean energy installed capacity ratio will increase by about 6.9%.