The energy storage sector has welcomed more positive news!
On September 17, the 2025 World Energy Storage Conference opened in Ningde City. Liu Xinyan, Deputy Director of the Equipment Industry Development Center of the Ministry of Industry and Information Technology, released the "New Energy Storage Technology Development Roadmap (2025-2035)" at the conference. The roadmap targets national new energy storage installations to exceed 180 million kilowatts by 2027, surpass 240 million kilowatts by 2030, and exceed 300 million kilowatts by 2035.
On the same day, energy storage concept stocks collectively surged in the A-share market. CATL rose as much as 8% intraday, with its stock price reaching new highs. By market close, nearly 20 related concept stocks including Kingfa Sci. & Tech., Shijia Technology, and Jiaze New Energy hit daily limits or gained over 10%. CATL closed up 6.7%, with its total market capitalization breaking through 1.7 trillion yuan.
Energy Storage Concept Stocks Trigger Limit-Up Wave
On September 17, A-share energy storage concept stocks collectively strengthened. By market close, nearly 20 related concept stocks including TBEA, Fujia Co., Kingfa Sci. & Tech., Shijia Technology, Baoguang Co., Jiaze New Energy, Kersen Science & Technology, Azure Power, Baoxin Technology, and Ancai Hi-tech hit daily limits or gained over 10%. Sunwoda and Goldwind Technology rose over 7%, while CATL gained 6.7%.
On the same day, the 2025 World Energy Storage Conference opened in Ningde City. The conference was jointly hosted by the Equipment Industry Development Center of the Ministry of Industry and Information Technology, Fujian Provincial Department of Industry and Information Technology, and Ningde Municipal Government. With "Zero Carbon·Technology" as its permanent theme and "New Era of Energy Storage, Zero Carbon Future" as its annual theme, the conference aims to create a global benchmark for leading energy storage innovation and sustainable development.
At the conference, Liu Xinyan, Deputy Director of the Equipment Industry Development Center of the Ministry of Industry and Information Technology, released the "New Energy Storage Technology Development Roadmap (2025-2035)." The roadmap's development targets are: by 2027, the new energy storage industry will enter the initial stage of large-scale development, with national new energy storage installations exceeding 180 million kilowatts; by 2030, the new energy storage industry will achieve fully market-oriented development, with national new energy storage installations exceeding 240 million kilowatts; by 2035, national new energy storage installations will exceed 300 million kilowatts.
According to a report, CATL Chairman Zeng Yuqun pointed out at the conference opening ceremony that over the past five years, under the guidance of the "dual carbon" strategic goals, China has introduced many energy storage policies, from forward-looking layout guidance to phased precision policies, and then to coordinated central and local promotion. This has driven China's energy storage industry from small-scale scientific research demonstrations to large-scale industrialized development, making China the world's largest energy storage market.
Zeng Yuqun noted that over the past five years, global cumulative installed capacity of new energy storage has grown 11-fold. Under the guidance of various policies, China's cumulative installed capacity of new energy storage has achieved 20-fold growth, becoming the world's largest energy storage market.
Zeng Yuqun stated that China currently possesses the world's most complete and largest-scale energy storage technology and the most advanced energy storage industrial chain. Energy storage battery and system shipments account for over 90% and 70% of the global market, respectively. Document No. 136 released at the beginning of this year marks that China's energy storage industry has entered a new stage of global marketization. However, Zeng Yuqun also pointed out that the energy storage industry still faces multiple challenges, such as extremely fierce price competition and disorderly expansion. Zeng Yuqun proposed maintaining safety bottom lines, building a genuine and credible market environment, strengthening intellectual property protection, and encouraging innovation.
Institutions Raise Domestic Energy Storage Installation Forecasts
Notably, the energy storage sector recently welcomed another piece of positive news.
On September 12, the National Development and Reform Commission and the National Energy Administration issued the "Special Action Plan for Large-Scale Construction of New Energy Storage (2025-2027)." The plan targets national new energy storage installed capacity to reach 180 million kilowatts by 2027, driving direct project investment of approximately 250 billion yuan. New energy storage technology routes will still be primarily lithium-ion battery storage, with various technology routes and application scenarios further enriched, cultivating a batch of pilot application projects and creating typical application scenarios.
CITIC Securities pointed out that the above target means domestic new energy storage installed capacity will double by 2027. Although this target is close to previous market predictions in magnitude, the plan's issuance essentially transforms "market predictions" into "policy target baselines," predicting that actual installations will likely exceed policy targets. Based on this, CITIC Securities raised its 2025-2027 domestic energy storage installation forecasts to 140GW, 190GW, and 230GW.
Huatai Securities believes that the action plan's targets align with market expectations. The action plan deploys new energy storage models across three directions: source, grid, and load. It reiterates requirements for power dispatch institutions to clarify new energy storage dispatch operation methods and dispatch intervals, thereby reasonably improving new energy storage dispatch levels. Business model innovation is an important driving force for future high-speed energy storage growth, achieving better economics through coupling with wind and solar installations. Under fairer dispatch scenarios, annual energy storage cycle times are expected to increase, reducing per-unit electricity costs through more electricity cycling.
China Merchants Securities stated that domestic energy storage policies continue to strengthen, with demand expected to exceed expectations and be sustainable. According to third-party statistics, domestic energy storage market bidding scale reached 25.8GW/69.4GWh in August 2025, creating a historical high. This was mainly due to 12 GWh-level large single projects completing bidding and procurement, and the implementation of China Energy Construction's 25GWh energy storage system collective procurement order. After Document No. 136 canceled mandatory renewable energy storage allocation requirements, the industry was pessimistic about second-half large-scale energy storage installations. However, with national-level planning and provincial capacity policy support, domestic large-scale energy storage bidding maintains high prosperity, with demand expected to exceed expectations.