Top 10 Popular Keywords in the Energy Storage Industry in 2023

01 Energy storage installed capacity enters a high growth era

According to data from the National Energy Administration, as of the end of June 2023, the cumulative installed capacity of new energy storage projects that have been built and put into operation in China has exceeded 17.33 GW/35.8 GWh, with an average energy storage time of 2.1 hours. From January to June 2023, the newly put into operation installed capacity was approximately 8.63GW/17.72 GWh, equivalent to the total cumulative installed capacity of previous years. According to relevant statistics, the installed capacity of energy storage in China in the second half of 2023 far exceeds that in the first half. It is expected that the total installed capacity of energy storage in China will reach 40-50GWh throughout 2023, making China the world's largest new energy storage market.

02 Energy storage system prices plummet by over 50%

According to the latest energy storage bidding data, the price of a 2-hour energy storage system has reached 0.6-0.7 RMB/Wh, and the system quotation has plummeted throughout 2023; Comparing the average pricing of energy storage systems in the energy storage and electricity markets for 2022, the average price of 2-hour energy storage systems in 2022 was 1.57 RMB/Wh, a decrease of over 50%.

03 From 0 to 1, the industrial and commercial energy storage industry has emerged as a new force

Sacred Sun Container type modular storage system

In the field of user side energy storage, domestic industrial and commercial energy storage has emerged, achieving a leap from 0 to 1. The installed capacity of commercial and industrial energy storage systems (lithium battery energy storage systems) on the user side is expected to approach 2GWh in 2023, and will continue to maintain a high growth rate from 2024 to 2025.

04 Household Storage Experiences Difficulty in Removing Inventory Process

After the crazy pursuit of household storage in 2022, the household storage market experienced the coldest winter in 2023. According to statistics, the size of the European household energy storage market will reach 9.57 GWh in 2023, and the inventory digestion in the second half of the year will reach about 4.47 GWh. It is expected that the clearance of household energy storage inventory will continue until early 2024.

05 Energy storage cells from 280Ah to 314+Ah

As the most expensive battery cell part in energy storage systems, related enterprises have also launched a technology competition, mainly manifested in a significant increase in cycle times and upgrading of equal volume capacity. Currently, the most widely used 280Ah battery cell in the energy storage field will gradually achieve iteration to 314Ah and above.

Liquid-cooled Energy Storage Container