Energy storage is indeed a current trend-setting industry. This judgment is based on multiple factors:

I. Rapid industry development and policy support

Market scale and growth: In recent years, the energy storage industry has experienced rapid growth. According to relevant data, the installed capacity of new energy storage projects has been continuously expanding. As of the end of the first quarter of 2024, the cumulative installed capacity of new energy storage projects that have been completed and put into operation nationwide has reached 35.3 million kilowatts/77.68 million kilowatt-hours, an increase of more than 12% compared to the end of 2023 and more than 210% compared to the end of the first quarter of 2023. This shows that the energy storage industry is in a period of rapid development.

Policy support: The government attaches great importance to the development of new energy storage. By promoting technological innovation pilot demonstrations and strengthening the dispatching and utilization of new energy storage, it promotes the diversified and high-quality development of new energy storage. In 2024, new energy storage was written into the "Government Work Report" for the first time, further reflecting its important position in the new power system.

II. Technological innovation and expansion of application scenarios

Technological innovation: Energy storage technology innovation continues to break through. Various technical routes such as lithium-ion batteries, compressed air energy storage, and flow batteries have all made significant progress. These technological breakthroughs provide strong technical support for the development of the energy storage industry.

Expansion of application scenarios: The application scenarios of energy storage technology in the power system are continuously expanding. From traditional emergency power supplies and peak shaving and valley filling to smooth output of new energy power generation and grid voltage and frequency regulation, energy storage plays an important role. With the rapid development of new energy industries such as wind power and photovoltaic power, energy storage, as an important link in the new energy industry chain, will also further open up its demand space.

III. Market potential and investment boom

Market potential: It is estimated that by 2025, the scale of the new energy storage industry is expected to exceed one trillion yuan, and by 2030, it will be close to three trillion yuan. This indicates that the energy storage industry has huge market potential and broad development space.

Investment boom: The rapid development of the energy storage industry has attracted a lot of capital attention. Many listed companies including food, liquor, real estate, toys, ceramics, etc. have also entered the energy storage field across borders. This phenomenon of cross-border investment further promotes the prosperity of the energy storage industry.

IV. Industry trends and challenges

Trend: In the future, with the continuous increase of new energy penetration and the further upgrading of the power system, the energy storage industry will continue to maintain a rapid growth trend. At the same time, the diversified development of energy storage technology will also become an important trend in the industry.

Challenges: However, the energy storage industry also faces some challenges, such as serious homogenization of energy storage products, intensified internal industry competition, and the need to improve safety performance. These challenges need to be jointly addressed by the industry and outside.

To sum up, the energy storage industry is currently at the forefront and has broad development prospects and market potential. But at the same time, we also need to pay attention to the challenges and problems within the industry and promote the innovation of energy storage technology and the in-depth development of applications.