With the launch of the “double carbon” policy, the energy storage industry has stood on the wind, and the relevant listed companies have received close attention. According to the data, as of November 18, 125 companies such as Guangzhou Great Power Energy&Technology Co.Ltd(300438) , Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) , East Group Co.Ltd(300376) have been asked questions related to energy storage in institutional research since the second half of the year, with a total of more than 440 question and answer records and 527 research times.
In this regard, Qi Haizhen, President of Beijing Teyi sunshine new energy, said in an interview with Securities Daily: “The development of the energy storage industry is mainly to meet the development needs of building a new power system with new energy as the main body proposed in the 14th five year plan. This year or the first year of the opening of China’s energy storage industry. As an important sub industry in the energy power system, energy storage urgently needs to develop and expand, cooperate with the peak shaving, frequency modulation, peak shaving and valley filling of the power grid in an all-round way, so as to provide the balance and stability of the power grid Contribute. ”
energy structure adjustment opens market space
revenue growth of some listed companies exceeded expectations
From the attitude of major listed companies, they are generally optimistic about the prospect of energy storage industry. It is understood that photovoltaic, wind power and other new energy have the characteristics of randomness and volatility. Therefore, the new power system is facing challenges such as security and stability. Under this background, the “new energy + energy storage” mode has gradually been recognized by the industry.
The East Group Co.Ltd(300376) mainly engaged in high-end power equipment believes that with the proposal of the “30.60” goal of “carbon peak and carbon neutralization” and the gradual implementation of relevant policies, the industrial development direction of new energy field is clearer and the main position of new energy in the future power system is clear, Building a new power system with new energy as the main body has become the inevitable direction of energy structure reform and development.
Power equipment enterprise Xj Electric Co.Ltd(000400) pointed out that the construction of a new power system is proposed under the “double carbon” goal. The characteristics of new energy are not very stable and need to be adjusted with energy storage, and the energy storage on the user side will develop gradually. The professional supplier of water cooling equipment Guangzhou Goaland Energy Conservation Tech Co.Ltd(300499) also believes that with the in-depth adjustment of energy structure, the energy storage market space will be further opened.
“Based on the pressure of environmental protection and carbon emission, countries all over the world are vigorously supporting new energy, but wind power, photovoltaic and other new energy have the shortcomings of intermittency and volatility, which limits their large-scale application; only after installing energy storage can we smoothly output power, solve the problems of cost, consumption and storage, and it is possible to greatly improve the efficiency of photovoltaic, wind power and other new energy The proportion of energy in the power grid. ” Liu Jimao, founder of Hongda photovoltaic, told Securities Daily.
Many listed companies have begun to taste the sweetness. Guangzhou lithium ion battery manufacturer Guangzhou Great Power Energy&Technology Co.Ltd(300438) revealed in the survey that since this year, the company’s energy storage business has been ideal, the proportion of revenue has increased significantly to 28%, and the revenue growth has exceeded expectations; The photovoltaic inverter manufacturer Sungrow Power Supply Co.Ltd(300274) said that this year, the household inverter will increase explosively. The company will use the channel advantages to accelerate the development of household energy storage system business and household light storage integration business. It is expected that the business will become the profit growth point of the company in the future.
According to Ginlong Technologies Co.Ltd(300763) who is also engaged in inverter production, the shipment of energy storage inverters reached more than 10000 in the third quarter of this year, which is equivalent to the number of sales in the first half of the year and twice the number of sales in the whole year of last year. “Even so, there are still many undelivered orders for energy storage inverters, no less than the quantity issued in a single quarter.” Ginlong Technologies Co.Ltd(300763) relevant people said in the survey.
According to statistics, the reporter of Securities Daily found that in the first three quarters, the median year-on-year growth rate of revenue of the above 125 energy storage related listed companies surveyed by institutions was 35.18%, higher than 22.89% of all a shares.
overseas income is relatively considerable
the market is still in its early stage
From the perspective of income structure, at present, a large part of the income of some listed companies related to energy storage industry comes from overseas.
Guangzhou Great Power Energy&Technology Co.Ltd(300438) said that this year, the company undertook a large number of orders for household energy storage and portable energy storage overseas, accounting for about half of the total revenue of energy storage business. According to Shenzhen Sinexcel Electric Co.Ltd(300693) engaged in the production of power quality equipment, the energy storage revenue from overseas accounts for about 70% of the total revenue of energy storage business, and about 30% in China. Ginlong Technologies Co.Ltd(300763) also said that the energy storage inverter is mainly exported at present.
Qi Haili told the Securities Daily that foreign energy storage power stations started relatively early, the market-oriented trading mechanism of power products in the energy storage industry is relatively rich, and the competition in the power service market is also relatively fierce. The peak valley price difference of electricity charges in developed countries also drives the development of user side energy storage. For example, the allocation rate of “household photovoltaic + energy storage” in Germany is as high as about 90%.
The subsidy factor is also one of the reasons for the good export situation of the energy storage industry. Liu Jimao said: “in order to promote the development of energy storage, many overseas countries, especially the developed countries in Europe, America and Australia, have introduced subsidy policies. Therefore, these countries have more installed energy storage, and the overseas revenue of relevant listed companies has increased rapidly.”
It is worth noting that while the energy storage industry ushers in development opportunities, it also faces a series of challenges. Huaming Power Equipment Co.Ltd(002270) in the survey, it was pointed out that the current development speed of energy storage is not fast enough, and the disadvantage of new energy is still obvious in the process of peak regulation and staggering.
The diversification of application environment puts forward high requirements for enterprises in energy storage industry. Sungrow Power Supply Co.Ltd(300274) said that the energy storage system has very high requirements for safety and reliability, and the application environment is also complex and diverse, such as wind solar energy storage integration, power grid peak shaving and frequency modulation, industry and commerce, resulting in very high technical barriers, requiring enterprises to have in-depth integration technology, and deeply understand the characteristics of photovoltaic and wind power generation and the operation characteristics of different power grids around the world, Have a very deep understanding of the whole power electronics technology, including control system, and need to have strong design ability.
According to Sanhe Tongfei Refrigeration Co.Ltd(300990) engaged in refrigeration equipment, in the energy storage industry, different application scenarios have different technical requirements, and the technical characteristics of temperature control products vary according to different application scenarios. Battery energy storage has high requirements for temperature uniformity, environmental adaptability, reliability, energy efficiency ratio and service life of the cooling system.
In the face of systematic engineering, cooperation or the general trend. According to Sieyuan Electric Co.Ltd(002028) of the electrical equipment company, energy storage is a system with high requirements for the breadth and depth of disciplines. More participants in the industry have some abilities to solve deficiencies through cooperation.
“The future power system will form a power supply system dominated by ‘renewable energy + energy storage’. The industry space is becoming larger and larger. It is based on the binding logic of market and technology promotion. The electrochemical energy storage industry has the challenges of insufficient investment in technology R & D and market selection.” Du Meng, chairman of China enterprise capital alliance, said in an interview with Securities Daily.
Many listed companies remain sober and rational. Ginlong Technologies Co.Ltd(300763) said that energy storage is not as mature as grid connection, and there are many information asymmetries. The company believes that it is still an early market. Fujian Nebula Electronics.Ltd(300648) frankly, although the energy storage industry is supported by a series of national policies, it is still an emerging market on the whole, and the market pattern has not been determined. The purpose of the relevant policies issued by the state is to promote the long-term and healthy development of China’s energy storage industry. The implementation of the policies needs to comply with the objective law of industrial development. The company hopes investors to invest rationally, pay more attention to the company’s fundamentals and do not hype hot spots.
(Securities Daily)
