Huatai Securities' research report highlights that on February 9, the winners of State Power Investment Corporation's procurement for 7GWh energy storage cell equipment were unveiled, with bid prices falling within the range of RMB 0.325 to RMB 0.355 per watt-hour (Wh). The robust demand from downstream sectors has spurred a rebound in the quoted prices for cell procurement. The energy storage capacity pricing mechanism offers a more predictable revenue stream for energy storage power stations. Under certain conditions, if energy storage power stations are entitled to capacity price guarantees spanning 2, 10, and 20 years, the project's internal rate of return (IRR) is projected to reach 5.8%, 7.9%, and 9.2%, respectively. The refinement of business models is anticipated to motivate central and state-owned enterprises to ramp up their investments in energy storage power stations. Presently, the cost increase of lithium carbonate is being effectively transferred, and the industry is poised to emerge from fierce internal competition, with leading system integrators and cell manufacturers set to wield greater pricing influence.