According to the CICC research report, the capacity electricity price policy has brought about a short-term rush to buy goods, and they are optimistic about the growth in medium- to long-term energy storage demand. CICC believes that there will be a shortage of high-quality node resources in the short term. In anticipation of the introduction of capacity electricity prices in various provinces, social capital is entering the market one after another, and independent energy storage is expected to usher in a rush to install during the policy window. According to preliminary estimates, the theoretical installed space for independent energy storage from 2026 to 2027, which can be supported by falling electricity costs on the power generation side, is about 158 GW/634 GWh. Looking at the medium to long term, starting in 2027, with the gradual improvement of the electricity market construction, the scale of new energy installations will continue to increase. The installed capacity of new energy storage will shift from passive policy incentives to endogenous demand. The new demand mainly comes from active allocation and storage on the power generation side and multi-scenario applications on the load side. As the share of power generation from fluctuating energy sources such as wind and light increases further, it is estimated that the total commercial allocation demand for energy storage during the “15th Five-Year Plan” period will be 1.5 TWh-1.7 TWh, with a compound growth rate of more than 20%.

According to the CICC research report, the capacity electricity price policy has brought about a short-term rush to buy goods, and they are optimistic about the growth in medium- to long-term energy storage demand. CICC believes that there will be a shortage of high-quality node resources in the short term. In anticipation of the introduction of capacity electricity prices in various provinces, social capital is entering the market one after another, and independent energy storage is expected to usher in a rush to install during the policy window. According to preliminary estimates, the theoretical installed space for independent energy storage from 2026 to 2027, which can be supported by falling electricity costs on the power generation side, is about 158 GW/634 GWh. Looking at the medium to long term, starting in 2027, with the gradual improvement of the electricity market construction, the scale of new energy installations will continue to increase. The installed capacity of new energy storage will shift from passive policy incentives to endogenous demand. The new demand mainly comes from active allocation and storage on the power generation side and multi-scenario applications on the load side. As the share of power generation from fluctuating energy sources such as wind and light increases further, it is estimated that the total commercial allocation demand for energy storage during the “15th Five-Year Plan” period will be 1.5 TWh-1.7 TWh, with a compound growth rate of more than 20%.