Galaxy Securities: The global energy storage market has entered a stage of diversified growth, with strong medium and long-term demand.

According to a report by Galaxy Securities, the global energy storage market has entered a stage of diversified growth, with strong medium- to long-term demand. The function of large-scale energy storage is gradually shifting from supporting renewable energy facilities to becoming a key flexibility resource that offers multiple values such as peak shaving, frequency regulation, capacity support, backup security, and electricity trading, further deepening its role in the power system. Under increasing geopolitical risk fluctuations, the demand for energy security is strengthening in various countries, and the resilience of electricity demand is particularly strong in the Asia, Africa, and Latin America regions, highlighting the economic viability of household and commercial energy storage. Galaxy Securities believes that global energy storage demand is expected to maintain strong growth over the next one to two years.