B[The country’s first million-kilowatt photovoltaic photothermal project is connected to the grid for power generation] October 10th, the country’s first million-kilowatt photovoltaic photothermal project, the Qinghai Gonghe million-kilowatt photovoltaic photothermal project, was recently connected to the grid to generate electricity, promoting the expansion of new energy from generating electricity according to the weather to supplying power according to the needs of the grid. The project is located in Gonghe County, Hainan Prefecture, Qinghai Province, with a total installed capacity of 1 million kilowatts, consisting of a 900,000-kilowatt photovoltaic power station and a 100,000-kilowatt molten salt tower solar thermal power station. After the project is put into operation, it is expected that the average annual grid-connected electricity will reach 2.2 billion kilowatt-hours, saving approximately 690,000 tons of standard coal and reducing carbon dioxide emissions by approximately 2.07 million tons each year. It will effectively absorb peak power and heat storage, and improve the peak shaving capacity of the local power grid and the level of new energy consumption. (21 Finance) B[The Fifth China-France Energy Dialogue was held in Beijing] On September 30, He Yang, Deputy Director of the National Energy Administration of China, and Cédric Briere, Director-General of the French Department of Energy and Climate, co-chaired the fifth China-France Energy Dialogue in Beijing on September 29. The two sides conducted in-depth exchanges on energy transformation, energy security, electrification and other policies, and fully exchanged views on practical cooperation in renewable energy, energy storage and hydrogen energy, civil nuclear energy and other fields. The two sides emphasized that China-France energy cooperation started from civilian nuclear energy and gradually expanded to oil and gas, renewable energy, energy technology innovation, green and low-carbon transformation and other fields, forming a cooperative pattern of complementary advantages, mutual benefit and win-win, and long-term stability. Both sides are willing to adhere to the high-level consensus, give full play to their respective advantages, deeply tap cooperation potential, innovate cooperation models, promote China-France energy cooperation to continue to deepen, improve and upgrade, inject new momentum into the sustained and healthy development of China-France comprehensive strategic partnership, and contribute Chinese and French wisdom and strength to promote global energy security and green development. More than 40 representatives in total participated in the dialogue, including Bai Yutang, the French ambassador to China, heads of relevant departments of the National Energy Administration of China, heads of the French Directorate General for Energy and Climate, heads of more than ten Chinese and French energy companies including CNNC, China Huaneng, Dongfang Electric, CGN, and EDF, Total, Air Liquide, and Orano. B[Seven departments: Improve the application level of new batteries such as flexible batteries and special-shaped batteries in smart wearable devices and other fields] On September 28, seven departments including the Ministry of Industry and Information Technology jointly issued the "15th Five-Year Plan for the Development of New Battery Industry", which proposed to promote innovative applications in multiple fields. Improve the application level of new batteries such as flexible batteries and special-shaped batteries in the fields of smart wearable devices, smart homes, and mobile medical equipment, consolidate and expand the application scale of new energy vehicles and consumer electronics, and expand application scenarios in "sand desert" and alpine regions. Actively promote the electrification of public transportation, heavy trucks, aviation, inland water vessels, agricultural machinery and other fields, and carry out the application of new energy storage in innovative scenarios such as intelligent computing centers and industrial green microgrids. Explore innovations in application models such as green power direct connection, virtual power plants, and computing and power collaboration. Explore application scenarios such as deep space, deep sea, deep earth and polar exploration, brain-computer interface, intelligent bionics, intelligent robots, and special equipment to serve the country’s major strategies and cutting-edge technology development needs. B[Key progress has been made in China’s first 10-million-kilowatt “Shagehuang” base supporting coal power project] On September 26, we learned from China Three Gorges Corporation that all four inter-cooling towers of the supporting coal-fired power project supporting the central and northern Kubu new energy base, China’s first batch of 10-million-kilowatt “Shagehuang” large-scale wind power and photovoltaic base, have been topped out, and the project construction is accelerating towards the goal of putting the units into operation. Currently, the wind power, photovoltaic, solar thermal, supporting energy storage, and UHV DC transmission projects of the new energy base in the central and northern part of Kubu are under simultaneous construction. After the base is fully completed, it will be able to deliver approximately 40 billion kilowatt-hours of electricity to Beijing, Tianjin and Hebei every year, assisting the comprehensive green transformation of economic and social development. B[The Ministry of Industry and Information Technology held a symposium on the development of the new energy storage industry] On September 24, the Electronic Information Department of the Ministry of Industry and Information Technology organized a symposium on the development of the new energy storage industry on September 23, 2026. The meeting focused on listening to opinions and suggestions on quality improvement of energy storage products and systems, construction of standard systems, and industry standard management, and discussed promoting high-quality development of the industry through standardization and safety measures. Director Yang Xudong of the Electronic Information Department of the Ministry of Industry and Information Technology attended the meeting and introduced the relevant situation. At the meeting, the Electronic Information Department of the Ministry of Industry and Information Technology introduced the recent work progress, the "15th Five-Year Plan" related plans for new batteries and the next work considerations based on the current development status and background of the industry. Each participating unit communicated and spoke based on its own development reality, and put forward opinions and suggestions on the situation and problems faced by industrial development.
The meeting emphasized that the new energy storage industry is an emerging pillar industry actively cultivated by the country. The industry is currently in a stage of rapid development. It must adhere to goal orientation and problem orientation and promote healthy and standardized development of the industry: First, promote product quality improvement, strengthen the implementation of national standards such as lithium-ion battery production quality management, and comprehensively improve the reliability and safety of energy storage products. The second is to improve the construction of the standard system, make up for the shortcomings in standards in subdivided fields, accelerate the formulation of mandatory national standards such as safety grade evaluation specifications for lithium battery packs for electric energy storage systems, and lead the development of the industry with standards. The third is to strengthen the standardized management of the industry, improve the industrial governance mechanism, promote communication and exchanges between government and enterprises on a regular basis, and promote the healthy coordinated progress of the upstream and downstream of the industrial chain. B[JPMorgan Chase: Maintaining a positive view on energy storage demand before 2030, optimistic about CATL, etc.] On September 21, JPMorgan Chase issued a research report saying that China's energy storage value chain stocks in the A-share market have adjusted significantly since June this year, with CATL, HyperXtron, Deye Technology, Sungrow, etc. falling far beyond the performance of the market, reflecting investors' concerns about the weak outlook for China's energy storage demand next year and rising geopolitical uncertainty. The bank believes that the market is overly pessimistic and maintains a positive view on energy storage demand before 2030. It predicts that China's energy storage installed capacity will have an average annual compound growth rate of approximately 22% until 2030. Battery shipments are expected to increase by approximately 20% year-on-year in 2027, which is almost zero growth compared to market expectations. Among all stocks, the bank continues to list CATL, Sungrow and Deye as its top choices, and views CATL as the best choice to capture the growth of global energy storage because of its leading market share, strong overseas exposure and attractive recently adjusted valuation, with a target price of HK$725. B[China’s power and energy storage battery sales in August were 223.1GWh, a year-on-year increase of 65.9%] On September 15, data from the China Automotive Power Battery Industry Innovation Alliance showed that in August, China’s power and energy storage battery sales were 223.1GWh, a month-on-month increase of 20.5%, and a year-on-year increase of 65.9%. Among them, the sales volume of power batteries was 146.8GWh, accounting for 65.8% of the total sales, a month-on-month increase of 13.7%, and a year-on-year increase of 48.5%; the energy storage battery sales were 76.3GWh, accounting for 34.2% of the total sales, a month-on-month increase of 36.0%, and a year-on-year increase of 114.3%. From January to August, China’s cumulative sales of power and energy storage batteries were 1,387.7GWh, a cumulative year-on-year increase of 50.7%. Among them, the cumulative sales volume of power batteries was 937.2GWh, accounting for 67.5% of total sales, with a cumulative year-on-year growth of 38.7%; the cumulative sales volume of energy storage batteries was 450.5GWh, accounting for 32.5% of total sales, with a cumulative year-on-year growth of 83.8%. B[By 2030, the scale of new energy storage nationwide will reach 300 million kilowatts] September 12th: Since the beginning of this year, China's new energy storage construction has continued to maintain a rapid development trend. As of the end of June, the installed capacity of new energy storage capacity that had been completed and put into operation nationwide reached 153 million kilowatts/396 million kilowatt hours, a year-on-year increase of 61%. The utilization of new energy storage nationwide is improving year by year. In 2023, 2024, and 2025, the equivalent utilization hours of new energy storage nationwide will reach 611 hours, 911 hours, and 1,195 hours respectively, effectively playing the role of system regulation. Liu Yongdong, deputy secretary-general of the China Electricity Council, said that during the "14th Five-Year Plan" period, China's new energy storage installed capacity increased by more than 40 times, achieving a historic leap from the early stage of commercialization to large-scale development. During the "15th Five-Year Plan" period, new energy storage will continue to maintain a high level of growth, with approximately 160 million kilowatts of newly installed capacity expected. According to the plan, by 2030, the scale of new energy storage nationwide will reach 300 million kilowatts, and the independent new energy storage on the grid side that can guarantee peak supply will reach 140 million kilowatts. (CCTV News) B[Sungrow: Price increases for photovoltaic inverters, energy storage converters and energy storage systems by 5%-15%] On September 11, reporters learned from industry chain sources that Sungrow sent a product price adjustment notification letter to downstream customers today, and will implement price increases for photovoltaic storage products starting from September 20. The products include photovoltaic inverters, energy storage converters and energy storage systems. The product price adjustment range is 5%-15%. The company stated in the letter that the current round of upstream material price increases continues to exceed expectations, and the upward trend in costs has not yet significantly eased. Existing product pricing has been unable to cover the comprehensive investment in raw materials, manufacturing, technology iterations and upgrades, and after-sales operations and maintenance. In order to ensure stable and reliable product quality, controllable supply and delivery time, and avoid damage to product performance, delivery time and service quality due to cost reduction, our company has decided to make appropriate adjustments to the prices of related products after multiple rounds of careful evaluation by the company. (Reporter Liu Mengran) B[Prevent blind expansion and put the brakes on the expansion of energy storage battery production] September 11th, while the industry is in high prosperity, hidden worries about the expansion of energy storage capacity are also accelerating. In response to market rumors that approvals for new energy storage battery projects may be tightened, reporters have recently verified with a number of battery companies that the news is true. This adjustment is not a one-size-fits-all approach to suspending projects, and the pace of subsequent energy storage project approvals will be dynamically adjusted based on the current market supply and demand. Industry analysts believe that this adjustment will accelerate industry differentiation. Leading companies with dual business layouts of power and energy storage will be limitedly affected, while small and medium-sized manufacturers that focus on the energy storage track and rely on expansion financing will be under significant pressure. At the same time, this adjustment is intended to guide the industry to rationally control the pace of production expansion, resolve the hidden dangers of long-term overcapacity in advance, and promote the energy storage industry to move towards a high-quality, rational, and sustainable development stage. (Shanghai Securities News) B[Xusheng Group: Energy storage products are expected to continue to increase in volume in the second half of the year, and embodied intelligence-related businesses are advancing towards small-batch delivery] On September 8, Xu Xudong, general manager of Xusheng Group, said at the 2026 semi-annual performance briefing held this afternoon that the company currently covers well-known energy storage leading customers in North America and China, and continues to promote product development, verification and mass production delivery around related projects. Customers and products are diversified, and volume is expected to continue in the second half of this year. At present, the overall scale of the company's embodied intelligence-related business revenue is still small, but the growth rate is very fast; from the perspective of progress, the company has gradually advanced from the early research and development and prototype stages to small batch delivery. (Reporter Wang Bin) B[New power safety regulations announced, clarifying for the first time that all types of grid-connected entities bear equal safety responsibilities as power companies and users] On September 4, reporters learned from the National Energy Administration that the revised "Regulations on Emergency Response and Investigation and Handling of Electric Power Safety Accidents" were officially announced today and will be officially implemented on January 1, 2027. The relevant person in charge of the National Energy Administration told reporters that in recent years, many large-scale power outages abroad have exposed problems such as blurred boundaries of responsibility among multiple subjects, insufficient network-related performance of power supplies, and increased risks of system voltage instability, which have become prominent challenges in the construction of new power systems. The new Regulations have made a number of systematic institutional arrangements in this regard. The first is to improve the "unity and governance" responsibility system, clarifying for the first time that all types of grid-connected entities bear equal safety responsibilities as power companies and power users, and clarify the boundaries of rights and responsibilities of multiple emerging grid-connected entities such as power companies, power users, energy storage, and virtual power plants. The second is to strengthen network-related safety management and control, add new accident determination criteria such as abnormal network-related performance failure and power loss, and improve the new energy safety risk management and control system. The third is to optimize the basis for accident determination based on the requirements for safe and stable operation of the power system, strengthen the management and control of key nodes such as main grids, hub stations, and power supply clusters, consolidate the security defense system of the large power grid, and ensure stable operation of the power grid and reliable power supply. (Reporter Guo Songqiao)
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