CITIC Securities: Overseas strong demand will drive rapid growth in domestic enterprise shipments

CITIC Securities released a research report stating that the overseas energy storage market is showing strong growth momentum, which will drive domestic enterprises to maintain rapid growth in shipments. The overseas energy storage market, especially in the United States, is demonstrating a vibrant development trend. The buoyant overseas energy storage market is benefiting from factors such as global electricity consumption growth, increased penetration of renewable energy, expansion and upgrade of power grids, and declining prices of energy storage systems. It is recommended to focus on energy storage industry chain companies that have already established a presence overseas and have confirmed orders. The development of energy storage has broad prospects, as it can help meet the growing demand for electricity and decarbonization, as well as address challenges such as aging, congestion, and expansion difficulties in power grids. With the decreasing prices of energy storage batteries and systems, the commercial models are gradually becoming clearer