During the 2023 Shanghai SENC Energy Storage Exhibition held this week, Zhu Gongshan, Chairman of GCL Group, commented on the current energy storage industry. He also pointed out that overcapacity in the manufacturing industry is not a bad thing, as it brings about price drops and industry progress. But the biggest fear is that new players will cross the border and enter the market, swarming in, bringing about a wave of expansion, causing the industry to fall into a state of disorderly competition and exacerbating risks.
The bidding price for energy storage has decreased by one-third in half a year. Zhu Gongshan said, "The homogenization of products is severe, and the price war is becoming increasingly fierce. This is the current situation in the energy storage industry, which is to compete for performance, share, and quote below cost
Zhu Gongshan believes that the development logic of the industrial background of the wind and solar energy storage industry is basically similar to its cyclical pattern. Enterprises cannot herd together. Overinvestment, overcapacity, and disorderly competition will all bring periodic fluctuations to the industry
Industrial and commercial energy storage has become the "new trend" in the current energy storage industry.
During the 2023 Shanghai SENC Energy Storage Exhibition, a reporter from First Financial News found that liquid cooled and air-cooled energy storage cabinets used for industrial and commercial energy storage scenarios occupy the "C" space of the exhibition booth. Jinlang Technology (300763. SZ), Keshida (002518. SZ), Singularity Energy, Sanjing Co., Ltd., Shouhang New Energy, Daqin Digital Energy, and other enterprises all released new energy storage products for the industrial and commercial industry at this energy storage exhibition.
For example, BYD (002594. SZ), a leading energy storage company, has released the new industrial and commercial energy storage product MC-I. The biggest highlight of this product is its structural innovation. Nengcang Technology, a subsidiary of NASDAQ: NAAS, has released an integrated energy management solution that includes AIPack's industrial and commercial liquid cooling energy storage system, energy management system, and energy storage cloud platform.
This year, the development of energy storage in China's industrial and commercial industry is outstanding. "During the exploration period, the head of an energy storage enterprise told a reporter from First Financial that there are different perspectives in the industry this year. For example, the Zhongguancun Industrial Alliance predicts that it will reach 3 gigawatts this year, and the Gaogong Lithium Battery Research Institute predicts that it will reach 6 gigawatts this year. This year is the first year of industry and commerce. Last year, the entire installed capacity was only 1 GW, and this year, it was only 6 GW when it reached 3 GW, indicating that energy storage in the industry is continuously growing and growing at a high speed.
According to the 2023 White Paper on the Development of Industrial and Commercial Energy Storage in China, it is expected that by 2025, the cumulative installed capacity of global industrial and commercial energy storage can reach 11.5GW, and the total installed capacity of China's industrial and commercial energy storage is about 3.2GW, with a cumulative market size of approximately 6.5 billion to 8 billion yuan.
In the first half of this year, the newly put into operation scale of new energy storage reached 8.63GW, with new energy storage accounting for 80% of the total newly added energy storage. As of June 2023, the cumulative installed capacity of new energy storage has reached 17.33 million kilowatts, with a compound annual growth rate of over 50%. This year, the new energy storage capacity is expected to reach 20GW.
The current energy storage technology route is flourishing and developing rapidly. Although different technology routes have their own focuses, they are all competing in technology around the demands of long lifespan, low cost, and high safety. Zhu Gongshan suggested that each enterprise should identify its own positioning, focus on technology, enhance its brand, and have a hundred flowers blooming. The reshuffle of the energy storage industry is imminent, and only professionals can survive
Whether it's energy storage integration or new materials, the company still focuses on lithium batteries in terms of new energy storage. "Wang Dongrong, Vice President of China Power (02380. HK), also stated in a recent media interview that from the perspective of new energy storage, electrochemical energy storage represented by lithium batteries currently holds an absolute share in the market, and its learning curve and iteration speed are very in line with industry trends. At the same time, the company is closely following other technological routes, such as compressed air energy storage and hybrid energy storage.
However, due to the characteristics of lithium batteries, electrochemical energy storage is not suitable for large-scale energy storage technology, so hydrogen energy may develop at a faster pace in the future to solve the problem of large-scale energy storage. "Wang Dongrong added," Therefore, the State Power Investment Corporation and China Power have always been reserving some hydrogen energy projects, converting wind power and photovoltaic energy into storable energy, including hydrogen energy, methanol A series of green electricity conversion processes, such as hydrogen to ammonia production.
During the 2023 Shanghai SENC Energy Storage Exhibition held this week, Zhu Gongshan, Chairman of GCL Group, commented on the current energy storage industry. He also pointed out that overcapacity in the manufacturing industry is not a bad thing, as it brings about price drops and industry progress. But the biggest fear is that new players will cross the border and enter the market, swarming in, bringing about a wave of expansion, causing the industry to fall into a state of disorderly competition and exacerbating risks.
The bidding price for energy storage has decreased by one-third in half a year. Zhu Gongshan said, "The homogenization of products is severe, and the price war is becoming increasingly fierce. This is the current situation in the energy storage industry, which is to compete for performance, share, and quote below cost
Zhu Gongshan believes that the development logic of the industrial background of the wind and solar energy storage industry is basically similar to its cyclical pattern. Enterprises cannot herd together. Overinvestment, overcapacity, and disorderly competition will all bring periodic fluctuations to the industry
Industrial and commercial energy storage has become the "new trend" in the current energy storage industry.
During the 2023 Shanghai SENC Energy Storage Exhibition, a reporter from First Financial News found that liquid cooled and air-cooled energy storage cabinets used for industrial and commercial energy storage scenarios occupy the "C" space of the exhibition booth. Jinlang Technology (300763. SZ), Keshida (002518. SZ), Singularity Energy, Sanjing Co., Ltd., Shouhang New Energy, Daqin Digital Energy, and other enterprises all released new energy storage products for the industrial and commercial industry at this energy storage exhibition.
For example, BYD (002594. SZ), a leading energy storage company, has released the new industrial and commercial energy storage product MC-I. The biggest highlight of this product is its structural innovation. Nengcang Technology, a subsidiary of NASDAQ: NAAS, has released an integrated energy management solution that includes AIPack's industrial and commercial liquid cooling energy storage system, energy management system, and energy storage cloud platform.
This year, the development of energy storage in China's industrial and commercial industry is outstanding. "During the exploration period, the head of an energy storage enterprise told a reporter from First Financial that there are different perspectives in the industry this year. For example, the Zhongguancun Industrial Alliance predicts that it will reach 3 gigawatts this year, and the Gaogong Lithium Battery Research Institute predicts that it will reach 6 gigawatts this year. This year is the first year of industry and commerce. Last year, the entire installed capacity was only 1 GW, and this year, it was only 6 GW when it reached 3 GW, indicating that energy storage in the industry is continuously growing and growing at a high speed.
According to the 2023 White Paper on the Development of Industrial and Commercial Energy Storage in China, it is expected that by 2025, the cumulative installed capacity of global industrial and commercial energy storage can reach 11.5GW, and the total installed capacity of China's industrial and commercial energy storage is about 3.2GW, with a cumulative market size of approximately 6.5 billion to 8 billion yuan.
In the first half of this year, the newly put into operation scale of new energy storage reached 8.63GW, with new energy storage accounting for 80% of the total newly added energy storage. As of June 2023, the cumulative installed capacity of new energy storage has reached 17.33 million kilowatts, with a compound annual growth rate of over 50%. This year, the new energy storage capacity is expected to reach 20GW.
The current energy storage technology route is flourishing and developing rapidly. Although different technology routes have their own focuses, they are all competing in technology around the demands of long lifespan, low cost, and high safety. Zhu Gongshan suggested that each enterprise should identify its own positioning, focus on technology, enhance its brand, and have a hundred flowers blooming. The reshuffle of the energy storage industry is imminent, and only professionals can survive
Whether it's energy storage integration or new materials, the company still focuses on lithium batteries in terms of new energy storage. "Wang Dongrong, Vice President of China Power (02380. HK), also stated in a recent media interview that from the perspective of new energy storage, electrochemical energy storage represented by lithium batteries currently holds an absolute share in the market, and its learning curve and iteration speed are very in line with industry trends. At the same time, the company is closely following other technological routes, such as compressed air energy storage and hybrid energy storage.
However, due to the characteristics of lithium batteries, electrochemical energy storage is not suitable for large-scale energy storage technology, so hydrogen energy may develop at a faster pace in the future to solve the problem of large-scale energy storage. "Wang Dongrong added," Therefore, the State Power Investment Corporation and China Power have always been reserving some hydrogen energy projects, converting wind power and photovoltaic energy into storable energy, including hydrogen energy, methanol A series of green electricity conversion processes, such as hydrogen to ammonia production.
