Energy storage companies people s republic of china
It is more significance development for China's energy storage In 2023. The annual growth rate of new energy storage set a new record,with two years ahead of schedule achieve the national 14th Five-Year Plan target According to incomplete statistics from the China Energy Storage Alliance (CNESA) Contact online >>
It is more significance development for China''s energy storage In 2023. The annual growth rate of new energy storage set a new record,with two years ahead of schedule achieve the national 14th Five-Year Plan target According to incomplete statistics from the China Energy Storage Alliance (CNESA) Global Energy Storage Database, in 2023, China added 21.5GW/46.6GWh of new energy storage, with a cumulative capacity of 34.5GW/74.5GWh.
Energy Storage System companies - Domestic Market
In the domestic market in 2023, the top ten Chinese companies shipment in terms of energy storage system were: CRRC ZHUZHOU INSTITUTE, HyperStrong, Xinyuan Intelligent Storage, Envision Energy, Electrician Era, Rongheyuan Storage, Goldwind Zero Carbon, Pinggao,XJ ELECTRIC, and Zhiguang Energy Storage.
Figure : Chinese Energy Storage System company Top 10 Shipments in Domestic Market in FY2023, in MWh
In the global market in 2023, the top ten Chinese companies shipment in terms of energy storage system were: Sungrow, CRRC Zhuzhou Institute, HyperStrong, Narada Power, Envision Energy, Xinyuan Intelligent Storage, Electrician Era, Rongheyuan Storage, Goldwind Zero Carbon, and Pinggao.
Figure: Top 10 Chinese Energy Storage System companies in the Global Market in 2023, unit: MWh
Energy Storage System companies - Domestic User Side
In the domestic user-side market in 2023, the top ten Chinese companies shipment in terms of energy storage system were: Singularity Energy, BYD, Cairn Energy, Hongzheng Energy Storage, Zhongtian Energy Storage, Wotai Energy, Kehua Data Energy, Nari Relay, Zhiguang Energy Storage, and Rongheyuan Storage.
Figure: Top 10 Chinese Energy Storage System companies in the Domestic User Side Market in 2023, unit: MWh
In the global market in 2023, the top five Chinese companies shipment in terms of energy storage system (DC) were: BYD, Yuanxin Energy Storage, Jingkong Energy, Zhongtian Energy Storage, and Kunyu Power.
Figure: Top 5 Chinese Energy Storage System (DC) companies in the Global Market in 2023, unit: MWh
Lithium Batteries for Base Stations/Data Centers - Global Market
In the global market in 2023, the top five Chinese companies shipment in terms of lithium battery for base stations/data centers were: Shuangdeng, Narada Power, Kunyu Power, Sunwoda, and Yiwei Energy Storage.
Figure: Top 5 Chinese Suppliers of Lithium Batteries for Base Stations/Data Centers in the Global Market in 2023, unit: MWh
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The China Energy Storage Alliance is a non-profit industry association dedicated to promoting energy storage technology in China.
Author: CNESA Research Translation: George Dudley
With the new requirements for carbon neutrality and energy transition, domestic energy storage projects in China have become increasingly popular both in terms of corporate deployments and institutional investments. According to China Energy Storage Network, during the period from January to June 2023, the newly commissioned capacity of new energy storage projects reached approximately 8.63 GW/17.72 GWh, equivalent to the cumulative installed capacity of previous years. In terms of investment scale, the direct investment driven by the newly commissioned energy storage projects exceeded RMB 30 billion.
CATL is a global leading lithium-ion battery research and manufacturing company, focusing on the research, production, and sales of new energy vehicle power battery systems and energy storage systems. It is dedicated to providing top-notch solutions for global new energy applications. The core technologies cover the entire industry chain research and manufacturing capabilities in the fields of power and energy storage batteries, including materials, cells, battery systems, and battery recycling.
According to the data, CATL's energy storage business experienced significant growth in 2021, with an annual revenue of 13.624 billion RMB, a year-on-year increase of 601.01%, and the revenue share rising from 3.86% in 2020 to 10.45%, making it the global leader in energy storage batteries.
Founded in 1995, BYD has established over 30 industrial parks worldwide, strategically positioning itself on all six continents. Its business ventures encompass electronics, automobiles, new energy, and rail transportation, with a specific focus on the "Photovoltaic and Energy Storage Integrated" initiative. This initiative is dedicated to harnessing, storing, and applying clean energy to bring about a transformation in the world of renewable energy.
Within the energy storage sector, BYD boasts a comprehensive manufacturing capability covering battery cells, Battery Management Systems (BMS), Energy Management Systems (EMS), and Power Conversion Systems (PCS). The core components such as cells, PCS, and BMS are primarily developed and produced in-house. By the end of 2022, BYD's cumulative shipments of energy storage system products had surpassed 6.5GWh, solidifying its position as a major player in the industry.
Founded in 2017, REPT is a key subsidiary of Qingshan Industries in the field of new energy. The company focuses on research, production, and sales of lithium-ion batteries, providing solutions for new energy vehicles and smart energy storage. According to statistics from InfoLink Consulting, REPT ranked third globally in energy storage battery shipments during the first quarter of 2023. Their official website indicates a global presence, with battery research, production, and marketing operations spanning North America, South America, Europe, Africa, Southeast Asia, Japan, and Australia.
Established in 2001 and listed on the Shenzhen Stock Exchange's ChiNext board in 2009, EVE stands as a globally competitive lithium battery platform company. It boasts expertise in consumer batteries, power batteries, and energy storage solutions, widely applied in the IoT and energy internet sectors. EVE's official information shows its distribution network encompasses North America, multiple European countries, India, Japan, and South Korea, and offices planned for manufacturing bases in Europe and Southeast Asia.
Entering the energy storage battery domain in 2011, GREAT POWER is among China's early enterprises in this field. The company offers products such as battery cells, packs, and clusters, catering to power generation, grid storage, industrial and commercial user-side storage, UPS communication base station backup power, and residential and portable energy storage. GREAT POWER's sales network covers major global markets in North America, South America, Europe, Africa, Australia, East Asia, Southeast Asia, and South Asia.
As one of China's power battery industry giants, GOTION HIGH-TECH operates in the fields of new energy vehicle power lithium batteries, energy storage, and power distribution equipment. With independent and mature research, procurement, production, and sales systems, GOTION HIGH-TECH has established eight research centers in China, the US, Germany, Japan, India, Singapore, and other regions. Overseas production bases are situated in Germany, India, Vietnam, and the US.
About Energy storage companies people s republic of china
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