The trillion storage of energy storage "wind outlets" whistled and high -cost low -cost returns to be solved

21st Century Business Herald Reporter Fei Xinyi Hangzhou and Shanghai Report

The trillion energy storage market screamed.

At the twelfth China International Energy Storage Conference, which ended on the eve of the Mid -Autumn Festival, the 21st Century Economic Herald reporters observed that many investment institutions poured into the venue and have a strong investigation interest. At the same time, many executives of energy storage companies are optimistic about the market size and development trend of the energy storage industry in an interview with reporters.

"If there is no 'carbon -to -peak' '' carbon neutral and 'strategy, for our country, energy storage is a more luxurious thing, and there may not be a market." An industry insider told the 21st Century Business Herald reporter, " When we chose the "double carbon" road, thanks to the new energy industry chain concentrated in China, we have taken the initiative to participate in the fourth industrial revolution from ourselves, and also hatched development conditions for energy storage. "

With the release of a number of national policy documents and the launch of the energy storage industry, the capital market dances, and many authoritative investment and research institutions have given trillion market scale valuations.

However, although giant companies such as Tesla, Ningde Times, and LG have entered the game in advance, the energy storage track has not yet dominated the leader.

Capital to the energy storage industry

"Today, the energy storage energy is similar to the light from ten years ago." An investment industry said during the meeting. Some investment institutions will also have technical routes such as liquid stream batteries and sodium ion batteries that are quite "fashionable", which will be compared with technical routes such as TOPCON, HJT, and perovskite in photovoltaic battery components.

A number of energy storage companies clearly stated to the 21st Century Business Herald that the listing plan is being promoted. A person in charge of a company said that it has rejected the "olive branches" of more than 20 investment institutions because it is not inclined to invest in pure capital, and more values ​​supply chain cooperation.

In June of this year, the National Development and Reform Commission and the National Energy Administration issued the "Notice on Further Promoting the Power Market and Dispatching of New Energy Storage and Dispatching", and the new energy storage can be used as an independent energy storage to participate in the power market. This is regarded as the rhythm of the new type of energy storage marketization.

As the spring breeze of energy storage policies comes, the stock price of the concept of energy storage concepts has begun to rise.

As of September 14, in the Wind energy storage sector, German industry (605117.SH), Paineng Technology (688063.SH) increased by more than 100%during the year, Penghui Energy (300438.SZ) and Nandu Power (300068.SZ) ) The annual increases are also at the forefront of the energy storage sector, reaching 89.18%and 75.21%.

Huabao Xinneng's new shares have received warm attention from the market. The issue pricing is 237.5 yuan per share, and the signing of the middle one must pay 118,800 yuan, which is the highest issue price of new shares since this year. The price -earnings ratio of this offering was 84.6 times, and the fundraising was as high as 5.595 billion yuan, which was over 7 times.

When the capital rushes to the energy storage industry and competes for a star company, it is also "real gold still needs to be refined".

Taking Huabao's new energy as an example, the ultra -high issuance price also corresponds to a high abandonment rate.

On the evening of September 12, the company's issuance results showed that its new shares were also discarded by investors online and online investors. Under the online investor, there was a private placement for more than 85,000 yuan. Cheng Cheng's discarded purchase, the amount of abandonment reached 525 million yuan.

This indicates that when the capital boom is turbulent, the worry of naked swimming still exists.

Energy storage is indeed a track full of potential.

As auxiliary tools that can effectively improve the operating efficiency of the new power system. On the one hand, energy storage can be coordinated from the time scale of different cycles to meet the regulatory needs of different scenarios; on the other hand, in terms of space scale, the diversified application scenarios are coordinated through the sources of the source, network, and lotus to ensure the guarantee to ensure the protection. Electricity balance of different time and space scale.

In this process, coordinated development requires different functional positioning energy storage. The short cycle is mainly used to solve the randomness and volatility of the short -term contribution of new energy units, which can be solved by electrochemical energy storage. In the daily adjustment, the peak adjustment pressure of the power system that solves the characteristics of wind power anti -peak adjustment can be solved by pumping energy or large -capacity electrochemical energy storage.

On the whole, the energy storage industry scenarios In addition to the power generation side, the power grid side, and the user's side needs, it is necessary to combine different technical routes to subdivide it to a power station project suitable for long -term, medium and short -term energy storage. This also means that the energy storage industry does not lack investment opportunities.

Energy storage company anchor professional circuit

In July 2021, the "Guiding Opinions on Accelerating the Development of New Energy Storage Storage" issued by the National Development and Reform Commission and the National Energy Administration pointed out that by 2025, the cumulative installation scale of new energy storage in my country will reach more than 30GW. But as of the end of 2021, my country's new energy storage installed capacity was only 5.76GW. This shows that within four years, the market space of new domestic energy storage will increase by 520%.

It is worth mentioning that in the current listed companies, in addition to sending energy technology, it seems that there is no pure energy storage listed company. This is also the norm of an industry with an unclear industry competition in the energy storage industry.

However, companies that participate in the energy storage industry cross -border will also reserve their own technical reserves as treasures.

Lin Jinshui, the chief energy storage technology expert of Kehua Digital Technology Co., Ltd., told the 21st Century Business Herald that the energy storage industry chain is long. The most core of Kehua Digital Energy is PCS (Energy Storage Transformer) focusing on the power electronics field. And EMS (Energy Management Control) system. Thanks to the earliest relying on UPS, the number of Kobo numbers can be used to the same source as the energy storage PCS. Therefore, the technical skills of Kohua can be in the field of electronics electronics.

"The deep cultivation and advantage of energy storage variables is also based on the understanding of Kohua's own understanding of the characteristics of the grid involvement and picking up both ends." Lin Jinshui further emphasized.

Zhou Jianguo, the subsidiary of the listed company Otja (002239.SZ), told reporters that the energy storage thermal management system they focused on the energy storage system accounted for 3%to 6%of the energy storage system. In this segment, there will be 30 billion yuan in market space in the future.

The reporter noticed that Etay was established in June last year as a subsidiary of Outja. After just a few months, a Series A financing was completed, led by Xiaomi and CRRC, and has established a new factory in Yangzhou this year. The performance in the past two years has increased at a high speed at a rate of more than 300%.

When it comes to focusing on the energy storage temperature control system, Zhou Jianguo believes that the energy storage industry actually requires professional division of labor. Each large type of industrial products still need to find the industry's professional supply chain, and use the advantages of the parent company to the supply chain system of the thermal management industry. , Autonomous design and development of supply chain cooperation supply. It is reported that as of the first half of this year, Etay's global liquid cold units have shipped more than 30,000 units.

However, the person in charge of the head of a head -focused storage transformer also frankly stated that "After the listing of only a single link, the market value changes slowly. Therefore, we also seek new opportunities in upstream and downstream to go to a larger market share. "

High cost and low return dilemma to be eliminated

Tian Gang, chairman of the China Chemical and Physical Power Industry Association Energy Storage Application Branch and general manager of Pinggao Group Energy Storage Technology Co., Ltd., pointed out that the current five major problems in the energy storage industry generally have five major problems. First, the procurement price of raw materials is still at a high level, affecting the benefits of each participating enterprise; second, the price of energy storage products is at a low level, and the benefits indicators have declined; the third is that the issue of low -cost competition is still continuing; The problem is highlighted; the fifth is the high limit of power supply and the pressure of enterprise production scheduling.

In fact, high cost and low return are also the investment obstacles facing energy storage.

Liu Yanlong, Secretary -General of the China Chemical and Physical Power Industry Association, mentioned that at the end of 2020, the cost of China's energy storage system exceeded the milestone of 2.5 yuan/watt time, and was identified as an inflection point for the energy storage industry by the industry. Due to the increase in the price of upstream raw materials in 2021, energy storage costs and system costs increased by about 30%to 50%.

According to the survey of the Chinese Chemical and Physical Power Industry Association this year, the bidding price in different application scenarios is between 1.29 yuan and 1.9 yuan. First, the current cost of energy storage system is 1.5 yuan to 1.6 yuan/watt time to maintain a profit and loss balance point; two The supply of the battery product market is in short supply. It is expected that the energy storage cost will be reduced by 30%in the next 5 years. The energy storage cost in the next 10 years will be reduced by 70%to 80%. 1 to 1.2 yuan/watt -hour.

This also means that the vision of reducing the pressure of energy storage costs will be some time. In addition, there are long return on the return cycle.

For example, in recent days, the GCL Zhejiang Jiande Jiande Pumping Power Station project, which has been investigating and approved for 30 years, officially started, with a total installed capacity of 2.4 million kilowatts. The estimated construction cycle of the project will be returned from 22 years after completion.

Zheng Yaodong, a special expert in China Southern Power Grid Corporation, pointed out in a public speech that there is still difficulty in the commercial use of power storage of power grids, and the power generation frequency adjustment is actually a zero -sum game. Although it is already guided now, the guidance is not very good, and the energy storage on the side of the user is still difficult to make a profit.

He emphasized that the use value play is the only way out of the development of new energy storage.

Jiang Zhengmao, general manager of Shangneng Electric Energy Storage Division, also pointed out to the 21st Century Business Herald in the interview that the bottleneck of the energy storage industry may encounter. "The future access resources of the energy storage power station are scarce. Construction of the access point alone. "

Yang Meng, a high -level power market researcher at the Planning and Research Department of Golden Wind Low Carbon Energy Design and Research Institute, proposed that we can no longer view electricity prices and electricity from a average perspective, but to consider changes in time -sharing. Whether it is spot or time -sharing electricity price, It will directly affect the strategy of energy storage operation and the quotation strategy of new energy.

He also said that because of the market and peak valley poor, these changes are uncertain, so the power stored power spot market in the future "play technology and play is reaction ability."

"Our competition projects have changed from 'track and field competitions' to 'competitive competitions'. During the competition, the better the performance, the more they can seize the opportunity in a variety of market environments." Yang Meng said.

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