Interviewee: The development of energy storage fusion business is becoming the key for photovoltaic companies to break free from difficulties and create new growth curves.

Thanks to its layout in the energy storage business, Sungrow Power achieved a profit of 7.7 billion yuan in the first half of this year against the trend. The company's market value recently exceeded 300 billion yuan, becoming the third listed company in the photovoltaic industry to break through the 300 billion yuan mark after LONGi Green Energy and Tongwei. Currently, the integration of solar energy and energy storage is becoming a standard configuration for companies in the photovoltaic industry. In addition to early movers such as ATS and Trina Solar, LONGi Green Energy has recently been rumored to acquire energy storage companies. In the view of industry insiders, China will appropriately relax the price limit in the spot market in the future. When the price difference in electricity opens up, the combination of solar energy and energy storage will be able to maximize its value. Moreover, the high demand for self-generation and self-consumption scenarios urgently requires energy storage, which also provides a demand scenario for the integration of solar energy and energy storage. Overall, although the fundamentals of the photovoltaic industry have improved, they are still far from optimistic. Many interviewees believe that the development of the integrated solar energy and energy storage business, especially in energy storage, is becoming the key for solar energy companies to overcome difficulties and create new growth curves. However, if companies are not fully prepared and rashly enter the energy storage field in the current highly competitive industry stage, it may be difficult to achieve profitability in the short term.