GreenVoltis Announces Strategic Expansion in Energy Storage and Virtual Power Plants Across Europe, Partnering with CC Capital & KKI

GreenVoltis, a pioneering innovator in renewable energy storage and Virtual Power Plant (VPP) solutions, has inked a strategic partnership with CC Capital and Konflux Kapital International GmbH (KKI) to bolster the deployment of Battery Energy Storage Systems (BESS) and VPP infrastructure throughout Europe. This collaboration marks a significant investment in grid stability, energy efficiency, and renewable integration, shaping the future of the continent's energy landscape.

Unveiling a 400MW Pipeline of Energy Storage Capacity Across Key Markets

The alliance aims to develop an ambitious 400MW pipeline of BESS projects, reinforcing the European energy ecosystem. The strategic allocation of this capacity spans Germany, Sweden, Finland, and Poland – pivotal markets driving the region's renewable energy transition.

By deploying grid-connected storage solutions, GreenVoltis will stabilize fluctuating renewable energy sources and empower businesses to harness maximum energy flexibility and efficiency. The initiative will focus on:

  • Establishing energy storage projects ranging from 5MW to 20MW and beyond, ensuring seamless integration with national grids by early 2026.

  • Enhancing Virtual Power Plant (VPP) revenue models for smarter energy trading and higher profitability for stakeholders.

  • Fortifying Germany's energy market position, with GreenVoltis spearheading VPP implementation, while CC Capital and KKI drive project development and execution.

  • Elevating the efficiency of large-scale renewable energy projects through advanced digitalization and sophisticated energy management strategies.

Accelerating the Energy Transition with Digital Innovation

As the designated VPP partner for CC Capital and KKI  across Europe, GreenVoltis will deploy cutting-edge AI-driven energy management technology, ensuring that stored energy is efficiently distributed, traded, and monetized. The integration of BESS with VPP solutions will create a more resilient and adaptive power grid, reducing reliance on fossil fuels and improving overall energy security. 

A Defining Moment for GreenVoltis' Growth 

This development cements GreenVoltis’ position as a leader in digitalized renewable energy solutions, reinforcing its commitment to sustainability, efficiency, and market-driven energy transformation. As Europe pushes forward with its carbon neutrality goals, this strategic initiative will ensure the reliable adoption of renewable power sources while optimizing grid performance and commercial viability.

24GWh! CATL and Quinbrook to Collaborate on 8-Hour Battery Storage Project in Australia

24GWh! CATL and Quinbrook to Collaborate on 8-Hour Battery Storage Project in Australia
On March 6, Quinbrook Infrastructure Partners, a global sustainable energy infrastructure investor, announced its partnership with CATL (Contemporary Amperex Technology Co., Limited) to develop an 8-hour duration battery energy storage project in Australia. Quinbrook stated that it plans to deploy approximately 3GW of its new long-duration energy storage (LDES) technology, EnerQB, across Australia, equivalent to 24GWh of storage capacity. This initiative will serve existing partners and new commercial/industrial customers. The extended-duration battery solution, co-developed with Chinese lithium-ion battery manufacturer CATL, aims to efficiently store more solar energy.

1.8GWh! Canadian Solar's e-STORAGE Secures Major U.S. Energy Storage Order
On March 6, Canadian Solar's energy storage subsidiary, e-STORAGE, announced the signing of battery supply agreements and long-term service agreements (LTSAs) with Aypa Power for two major battery energy storage projects. These include a 160 MW/806 MWh project in California and a 200 MW/998 MWh project in Texas. The projects will deploy approximately 370 units of e-STORAGE’s SolBank 3.0energy storage systems, with construction expected to commence in Q3 2025.

2.1GWh! Two Companies Sign Major Energy Storage Deals, Covering European C&I Storage and Sodium-ion Battery Systems

1GWh! Huna Energy and Huaxia Jiaye Forge Strategic Partnership
On March 10, Zhejiang Huna Energy Co., Ltd. and Beijing Huaxia Jiaye New Energy Co., Ltd. successfully signed a 1GWh energy storage system strategic cooperation agreement in Beijing. The collaboration includes multiple energy storage projects, such as those in Jiangyin’s Xuxiake Town, Nanjing Gaochun, and Zhenjiang Xinhua. Specific procurement volumes will be finalized through follow-up contracts, with all projects expected to achieve grid-connected operation by June 30. Notably, the 1GWh deal includes 100MWh of sodium-ion battery systems utilizing Huna Energy’s proprietary sodium-ion cell technology.

Meeting Thailand’s Deputy PM! Linyang Energy Deepens Southeast Asia Strategy
Recently, Lu Yonghua, President of Linyang Group and Chairman of Linyang Energy, led a delegation to Thailand and met with Deputy Prime Minister and Energy Minister Pirapan Salirathavibhaga. The two sides discussed Thailand’s energy market trends, policy directions, and collaboration opportunities in smart grids, renewable energy, and energy storage. This engagement underscores Linyang Energy’s commitment to the Thai market and injects new momentum into bilateral energy industry development.

Transportation + Energy! Linyang Energy Storage and CEEC (Shanghai) Sign Strategic Agreement
On March 6, CEEC (Shanghai) Equipment Engineering Co., Ltd. and Jiangsu Linyang Energy Storage Technology Co., Ltd. held a grand signing ceremony at Linyang Group’s headquarters. Shi Hongsheng, Chairman of Linyang Energy Storage, emphasized the strategic significance: “The integration of transportation and energy is a critical frontier for high-quality growth in energy storage. This partnership will accelerate Linyang’s transition from a standalone storage supplier to a comprehensive ‘transportation + energy’ service provider. Leveraging joint resources, we will develop integrated PV-storage-charging systems, port microgrids, and other demonstration projects under the ‘generation-grid-load-storage’ framework, delivering replicable Chinese solutions for low-carbon transportation.”

1.1GWh! Inclenergy Accelerates European Market Expansion
In recent developments, Inclenergy has secured strategic partnerships with multiple industry leaders in Italy and Romania, totaling over 1.1GWh in contracted capacity and an estimated order value exceeding RMB 1 billion. The collaborations span commercial and industrial (C&I) energy storage sectors.

China’s First Hybrid Grid-Forming Energy Storage Project Goes Live
On March 6, the Ningdong Photovoltaic Base’s “Key Technology Research and Demonstration Project for Hybrid Lithium Battery + Supercapacitor Energy Storage” was successfully grid-connected. As China’s inaugural hybrid grid-forming energy storage project, it combines 10MW/20MWh lithium-ion batteries, 1MW/5min supercapacitors, and 200kW/400kWh sodium-ion batteries. Jointly developed by National Energy New Energy Research Institute and Ningxia Electric Power Co., Ltd., the project employs hybrid grid-forming technology tailored to western China’s renewable-rich grids, focusing on configuration optimization, low-cost sodium-ion integration, cluster management, and hybrid grid-forming validation.

Duofuodu’s 100MWh Energy Storage Station Enters Operation
On March 10, Henan Province’s largest user-side energy storage system—Duofuodu’s 100MWh station—completed commissioning and commenced operations. Located at Duofuodu New Materials Co., Ltd.’s Jiaozuo facility and built by Shenzhen Duofuodu Energy Storage Technology Co., Ltd., the RMB 90 million project spans 4,100㎡. Its configuration includes four 5MWh and twelve 6.5MWh battery containers, plus eight step-up containers.

2GWh Equipment + 1GWh Plant! Gansu Qingyang Partners with Tongli Risheng and Tianqi Hongyuan
On March 5, Qingyang Municipal Government signed a strategic framework agreement with Tongli Risheng and its subsidiary Tianqi Hongyuan to jointly develop an energy storage equipment manufacturing base and power stations. With a total investment of RMB 2 billion, the project will proceed in phases: Phase I, starting in Q1 2025, includes a 2GWh equipment production line and a 1GWh lithium iron phosphate (LFP) electrochemical storage plant.

Energy Storage Exceeds 12GWh! Gansu Releases List of Major Provincial Construction Projects for 2025

On February 28, the Gansu Provincial Development and Reform Commission released the "List of Major Provincial Construction Projects for 2025," which includes over 20 energy storage projects. These projects span various categories, including ongoing construction, newly initiated projects, and preparatory initiatives. According to incomplete statistics from CNESA, the total scale of major energy storage projects in Gansu Province for 2025 has reached 3.915GW/12.86GWh.

List of Major Provincial Construction Projects for 2025

Continued Construction Projects

(1) Agricultural and Water Conservancy Projects

· Yumen City Shule River Water Diversion Project

· Aksai County Ecological Protection and Integrated Urban-Rural Water Supply Project

· Huining Yinluo Phase II Agricultural Irrigation Water Source Supporting Project

· Baiyin City National Xanthoceras Modern Agricultural Full Industry Chain Standardization Demonstration Base and Ecological Restoration Construction Project

· Tianshui Quxi Urban-Rural Water Supply Project (Water Source and Water Conveyance Tunnel Section)

· Lingtai County Daxi River Xinji Reservoir Project

· Longnan City Bailong River Mainstream Reservoir Water Environment Comprehensive Management Phase I Project

(2) Ecological and Environmental Protection Projects

· Wuwei City Three-North Shelterbelt Program Phase VI First Batch Construction Projects

· Million-Ton-Level Carbon Capture, Utilization, and Storage Research and Demonstration Project

(3) Transportation and Logistics Projects

· New Xining to Chengdu Railway

· New Lanzhou to Zhangye Railway (Phase III and IV, Wuwei to Zhangye Section)

· Lanzhou to Hezuo Railway

· New Tianshui to Longnan Railway

· New Pingliang to Qingyang Railway

· Hongshaliang to Mingshui Coal Railway Dedicated Line

· Tianshui to Longnan Railway (Southern Extension of Tianping Railway)

· Chenjiagou Coal Mine Dedicated Line

· Baozhong Railway Pingliang South to Anguo Town Section Capacity Expansion and Upgrade Project

· G30 Lianhuo Expressway Qingshuiyi to Zhonghe Section Expansion and Upgrade Project

· G1816 Wuhai to Maqin National Expressway (Hezuo to Sai’erlong Section, Gansu-Qinghai Border)

· Lanzhou to Yongjing to Linxia Expressway

· G341 Jiaonan to Haiyan Highway (Luluba to Baiyin Section)

· G1816 Wuma Expressway (Lanzhou New District to Lanzhou Section, Central Channel)

· G1816 Wuhai to Maqin National Expressway (Lanzhou Bypass Section, Jiuzhou North to Lanzhou South)

· G341 Huangdao to Haiyan Highway (Zhongchuan to Heqiao Section)

· G309 Heshui (Laocheng) to Xifeng Section High-Grade Highway Construction

· G244 Qingyang Bypass Section High-Grade Highway

· Yongjing to Jingping Expressway

· G30 Lianyungang to Khorgos Expressway (Jingjiakou to Qingshuiyi Section Expansion and Upgrade Project)

· Heshui (Taibai) to Huachi Highway

· G341 Jiaonan to Haiyan Highway (Huachi to Ershiligoukou Section)

· G312 Kushui to Jiepai Highway

· S35 Jingtai to Lixian Expressway (Longnan Section)

· S36 Lintao to Kangle to Guanghe Expressway

· G30 Lianhuo Expressway (Zhonghe to Maoci Section Expansion and Upgrade Project)

· G6 Beijing to Lhasa Expressway (Yinjiazhuang to Hekou Section Expansion and Upgrade Project)

· S70 Kangxian to Lueyang Expressway (Wangguan to Baihegou Section)

· G312 Fujiayao to Kushui Highway

· G312 Fengle to Mayingkou Section (Including Yongchang Bypass)

· G109 Beijing to Lhasa Highway (Shuiquan to Fanjiayao Section)

· G30 Guazhou to Xingxingxia and G312 Guazhou to Xingxingxia Integrated Upgrade Project

· Lanzhou Zhongchuan International Airport Phase III Expansion Project

· Jiayuguan Airport Expansion Project

· Longzhong Storage and Trade Logistics Center and Comprehensive Infrastructure Supporting Project

· Guanghui Xinjiang Coal Logistics Co., Ltd. Mingshui Comprehensive Energy Logistics Base Project

· Linxia Comprehensive Logistics Park Project

· Lanzhou Beilongkou Agricultural Product Wholesale Market Project

(4) Energy Projects

· Longdong Ultra-High Voltage Project Supporting New Energy

· Huaneng Qingyang Wind-Solar Comprehensive New Energy Demonstration Project (Second Batch of Wind-Solar Projects)

· Zhangye City 1,000 MW Wind Power and Photovoltaic Power Generation Project

· Dingxi City "14th Five-Year Plan" Second Batch of Wind-Solar Power Projects

· Minqin County "14th Five-Year Plan" Second Batch of New Energy Projects

· Gulang County "14th Five-Year Plan" Second Batch of New Energy Projects

· Guangqing Huachi County 500 MW New Energy Project

· Huanxian Longyuan Lujiawan 300 MW New Energy Project

· Shandong Development Investment (Jingyuan) Area A 400 MW Wind Power Project

· Shandong Energy "Ludian to Shandong" Supporting Baiyin New Energy Base

· Jingyuan Beitan 300 MW Wind Farm Project

· Longdong Ultra-High Voltage Project Supporting New Energy (Huaneng Qingyang Wind-Solar Comprehensive New Energy Demonstration Project, First Batch of Wind-Solar Projects)

· Guangdong Hydropower Lanzhou New District Phase II 300 MW Centralized Photovoltaic Power Generation Project

· Lanzhou New District 300 MW Photovoltaic New Energy Power Generation Project

· Yongdeng Qishan Million-Kilowatt-Level Photovoltaic Base Grazing-Light Complementary Power Generation Project

· Gansu Huadian Jinchang Tengger 2×1,000 MW Coal Power Project

· Gansu Electric Power Investment Changle Power Plant 2×1,000 MW Coal-Fired Unit Expansion Project

· Gansu Electric Power Investment Zhangye Power Plant 2×1,000 MW Coal-Fired Unit Expansion Project

· Shandong Energy Lingtai 2×1,000 MW Peak-Shaving Coal Power Project

· Zhejiang Energy Wuwei 2×1,000 MW Peak-Shaving Thermal Power Unit Project

· Huaneng Zhengning 2×1,000 MW Peak-Shaving Coal Power Project

· Lanzhou New District 2×350 MW Cogeneration Project

· Gansu Energy Chemical Lanzhou New District Thermal Power Project

· Gansu Longdong DC Supporting Thermal Power 750 kV Power Transmission and Transformation Project

· Lingtai County Anjiazhuang Coal Mine Construction Project

· Gansu Ningzheng Mining Area Xinzhuang Coal Mine Project

· Gansu Dongshuiquan Mining Area Qingyang Coal Mine Project

· Pingchuan District Pumped Storage Power Station Project

· Gansu Huanglong Pumped Storage Power Station Project

· Gansu Huangyang Pumped Storage Power Station Project

· Yongchang Pumped Storage Power Station Project

· Zhangye Pumped Storage Power Station Project

· Huangcheng Pumped Storage Power Station Project

· Yumen 1,200 MW Pumped Storage Power Station Project

· Zhangxian Pumped Storage Power Station Project

· Gansu Zhongrui Aluminum Co., Ltd. "Source-Grid-Load-Storage" Integrated Demonstration Project

· Suzhou District Shared Independent Energy Storage Station Phase I 250 MW/1,000 MWh Project

· China Energy Construction Digital Science Yumen 300 MW Compressed Air Energy Storage Power Station Project

· Gansu East-West Power Grid Strengthening Project

· Xinjiang Power to Chongqing and Ningxia Power to Hunan Ultra-High Voltage DC Power Transmission Capacity Enhancement Project

· Longdong to Shandong ±800 kV Ultra-High Voltage DC Project (Gansu Section)

· Gansu to Zhejiang ±800 kV Ultra-High Voltage DC Power Transmission Project (Gansu Section)

· 750 kV Longdong Converter Station Access Project

· Longnan City 2025 330 kV and Below Power Grid Infrastructure Project

· Longdong Comprehensive Energy Collection Project

· Gansu Jiuquan Yumen 750 kV Power Transmission and Transformation Project

· Gansu Jiuquan Jinta 750 kV Power Transmission and Transformation Project

(5) Industrial Transformation, Upgrading, and Technological Innovation Projects

· Gansu Juhua New Materials Co., Ltd. High-Performance Silicon-Fluorine New Materials Integrated Project

· Qingyang Tongxin Petroleum Technology Co., Ltd. 500,000 Tons/Year Light Hydrocarbon Deep Processing Project

· Jingyuan Coal Industry Group Liuhua Chemical Company Jingyuan Coal Power Clean and Efficient Gasification Gas Comprehensive Utilization (Relocation and Upgrade) Project

· Gansu Zhihui Green New Energy Co., Ltd. 10 Million Tons/Year Low-Rank Coal Grading and Quality Clean and Efficient Utilization and New Energy Coupling Integrated Demonstration Project

· Steel Rolling Plant Process Equipment Upgrade and Product Structure Adjustment Project

· Gansu Taihe Yuan 1.5 Million Tons/Year Photovoltaic Glass Project

· Gansu Guazhou Baofeng Silicon Materials Development Co., Ltd. Polysilicon Upstream and Downstream Synergy Project (Phase II Silicon Materials Project)

· Gansu Jiatang Aluminum Co., Ltd. Alumina Production Project

· Zhixin Basalt Fiber Composite Material Manufacturing Project

· Carbon Steel Sheet Plant Process Optimization and Product Structure Adjustment Project

· Gansu Jinchuan Jinruilin Chemical Co., Ltd. 20,000 Tons/Year High-End PVDF Resin Industry Chain Project (Phase I)

· Daosheng Cloud (Wuwei) Intelligent Computing Center Construction Project

· Jinchuan Group Hexi Fort 400,000 Tons Copper Electrolysis System Construction Project

· Gansu Heihe Silicon-Based New Materials Co., Ltd. Silicon-Based Material Comprehensive Utilization Project

· Jinchuan Group New Energy Materials Technology Co., Ltd. 280,000 Tons/Year Power Battery-Grade Nickel Sulfate Product Upgrade Project (Phase I)

· Composite Ceramic Refractory Integrated Comprehensive Recycling Project

· Gansu Qingyang "East Data West Computing" Industrial Park Infrastructure Supporting Project

· Gansu Yaowang Waste Salt Resource Comprehensive Utilization 300,000 Tons/Year Caustic Soda and 300,000 Tons/Year Mercury-Free PVC Project

· Jingtai County 200 Million Square Meters Lithium Power Battery Composite Copper Foil (PET Copper Foil Equipment) Project

· China Mobile (Gansu·Qingyang) Data Center Project

· Aima Lanzhou New District Industrial Park Project

· Longnan City Qilian Mountain Cement Co., Ltd. Circular Economy Industrial Project

· Lixian Photovoltaic Module Manufacturing Factory Project

· A Certain Underground Laboratory Construction Project in China

· Lanxin Steel 1.2 Million Tons/Year Coking Project

· Lanzhou High-Tech Zone Feitian Innovation Port—Technology Incubation Industrial Park Project

· Jiuguan Difficult-to-Select Iron Ore Resource Efficient Utilization Technical Transformation Project (Phase I)

· Gansu Chenjin Leixin Environmental Technology Co., Ltd. 200,000 Tons/Year Hazardous Waste Disposal Center Production Line Project

· Gansu Energy Chemical Jinchang Energy Chemical Development Co., Ltd. Low-Rank Coal Efficient Hydrogen Production and 500,000 Tons/Year High-Concentration Urea Compound Fertilizer Project

· Wuwei Dingge New Materials Co., Ltd. Huaming New Materials Production Base Construction Project

· Shanggu Zhizao (Zhangye) New Energy Co., Ltd. 6 GWh/Year New Lithium Battery Industrial Park (Phase I) Project

· Gansu Hongchuan Liquor Co., Ltd. 12,000 Tons/Year Pure Grain Original Liquor Liquor Construction Project

· Gansu Ruineng Mining Co., Ltd. 1.5 Million Tons/Year Lead-Zinc Ore Beneficiation Plant Expansion Project

· Jin Hui Mining Co., Ltd. Jiangluo Mining Area Lead-Zinc Ore (3 Million Tons/Year) Beneficiation Project

· Jiuguan Economic Development Zone Zhengtai Photovoltaic Equipment Intelligent Manufacturing Industrial Base Project

· Lanzhou New District Specialized and Sophisticated Chemical Industrial Park Incubation Base Project (Zone D)

· Gansu Fengzheng Environmental Protection Co., Ltd. 100,000 Tons/Year Recycled Aluminum Resource Comprehensive Utilization Project

· Gansu Gongqi Weifu Co., Ltd. Gansu Industrial Waste Resource Utilization and Harmless Disposal Project

· Gansu Baomagxi Ferroalloy Co., Ltd. 300,000 Tons/Year High-Quality Ferrosilicon Alloy Project

· China Biotech Lanzhou Technology Health Industrial Park Blood Product Production Base Project

· China Biotech Northwest (Lanzhou) Biomedical Industrial Park Medical Beauty Industrialization Base Project

· Lingchu Yuno Northwest (Baiyin) Intelligent Manufacturing Base

· China Telecom Gansu Qingyang Intelligent Computing Center Project

· 2023 China Unicom Qingyang Data Center New Construction Phase I Project

· Longnan Shunda Mining Co., Ltd. Huixian Jiutiaogou Gold Mine 1,600 Tons/Day Mining and Beneficiation Project

· Lanzhou New District 200,000 Tons/Year Phosphate-Based Lithium-Ion Battery Cathode Material Production Line Construction Project

(6) Social and Livelihood Projects

· Gannan Prefecture Ecological Civilization Well-Off Village Construction Project

· Lanzhou University "Double First-Class" Construction Support Project (Phase IV)

· Lanzhou University "Double First-Class" Construction Support Project (Phase V)

· Gannan Prefecture Health School (Gansu University of Chinese Medicine Tibetan Medicine College) Relocation and New Construction Project

· Lanzhou Vocational College of Science and Technology New Campus Project

· Changchun University of Chinese Medicine Affiliated Hospital Dingxi Hospital Project

· Longdong Regional Medical Center (Qingyang People's Hospital Expansion and Upgrade) Project

· Shanghai University of Traditional Chinese Medicine Affiliated Longhua Hospital Gansu Hospital National Regional Medical Center Construction Project and Gansu University of Chinese Medicine Affiliated Hospital Traditional Chinese Medicine Epidemic Prevention and Control Base Project

· Chengguan District Liujiatan Urban Village Reconstruction Project

· Shilidian Shantytown Reconstruction Project

· Anningbao Subdistrict Shantytown (Urban Village) Reconstruction and Resettlement Project

· 2022-2023 Chengguan District Urban Old Residential Area Renovation Project

· Chengguan District Xiaoyantan Village Urban Village Reconstruction and Resettlement Housing Project

· Lanzhou Qilihe District Balizhen Xiankouzi Geological Disaster Relocation and Resettlement Site (Including Shantytown Reconstruction) Construction Project

· Lanzhou Qilihe Lanhai Logistics Shantytown Reconstruction Project

· Xigu District Fuyuan Small Town Resettlement Housing Phase II Project

· Lanzhou Anning District Kongjiaya, Liujiabao Subdistrict Shantytown (Urban Village) Reconstruction and Resettlement Housing Construction Project

· Tianshui Kangjian Rehabilitation and Elderly Care Center Project

· Qingyang City Guaranteed Rental Housing Project

· Dangchang County Teacher and Medical Staff Guaranteed Housing Project

· Xihe County Teacher Housing Project (Ziting: Shui'an Mingzhu)

· Longnan Wudu District Ecological and Geological Disaster Relocation and Resettlement Project

· Longnan Wudu District Xianmen Street Shantytown Reconstruction Project

(7) Cultural and Tourism Projects

· Dingxi Longyou Cultural Tourism and Health Retreat Project

· Qinglong Mountain Scenic Area Construction Project

· Diebu County Zhagana Ecological Tourism and Wellness Town Construction Project

· Gannan Prefecture Key Scenic Area Tourism Infrastructure Construction Project

· Gansu Provincial Museum Expansion Project

(8) Urban Infrastructure Projects

· Gannan Prefecture Urban Area and Key Town Road Upgrade and Reconstruction Project

· Gannan Prefecture "14th Five-Year Plan" Key Town Central Heating Construction Project

· Lixian Huarui International Trade Center Construction Project

· Gansu Longxi Economic Development Zone (Traditional Chinese Medicine Circular Economy Park) Infrastructure Phase I Project

· Lanzhou East City Clean and Smart Heat Source Project

· Chengji Heat Source Plant Project (Phase I)

· Gansu (Tianshui) International Land Port Municipal Infrastructure PPP Project

· Lixian Industrial Concentration Zone Infrastructure and Intelligent Manufacturing Park Construction Project

Planned New Construction Projects

(1) Agricultural and Water Conservancy Projects

· Yellow River Gansu Section River Flood Control and Management Project

· Dingxi City Yinluo Irrigation Area Whole Basin and Mountain System High-Standard Farmland Construction Project

(2) Ecological and Environmental Protection Projects

· Jingning County Yellow River Basin Hulu River Ecological Comprehensive Management and Rural Revitalization Industry Development EOD Project

(3) Transportation and Logistics Projects

· Changqing Bridge to Wangjiagou Railway Dedicated Line

· Gansu Jintong Xiongguan International Logistics Park Co., Ltd. Railway Dedicated Line

· S60 (Original S10) Fengxian (Shaanxi) to Hezuo (Gansu) Expressway (Zhuoni to Hezuo Section Phase II)

· S35 Jingtai to Lixian Expressway (Dingxi Section)

· S20 Jiayuguan to Ruoqiang Expressway (Jiayuguan to Aksai Section)

· S10 Zhangye to Mazongshan Highway (Zhangjiu Border to Mazongshan Section)

· S35 Jingtai to Lixian Expressway (Jingtai to Jingyuan Section)

· G571 Subei to Ruoqiang Highway (Aksai to Lapeiquan Section)

· S42 Zhangxian to Sancha Expressway

· S25 Jingning to Chengxian Expressway (Tianshui to Chengxian Section)

· S01 Lanzhou Economic Circle Ring Line (Heqiao to Haishiwan Section)

· G247 Jingtai to Zhaotong Highway (Tongwei to Qin'an Section)

· S10 Zhangye to Mazongshan Expressway (Zhangye Section)

· S23 Pingliang Airport Expressway

· S28 Lingtai to Huating Expressway (Phase II)

· Jiayuguan International Smart Logistics Comprehensive Hub and International Mineral Resource Trading Center Project

· Gansu (Tianshui) International Land Port Smart Comprehensive Logistics Park Project—"Dual-Purpose" Suburban Large Warehouse

· Gansu Western Land Port Logistics Energy Storage and Transportation Integrated Project

(4) Energy Projects

· Qingyang City Oil and Gas Production Capacity Construction Project

· Baofeng Jinta Jinhao 1,000 MW Wind Power Project

· Gansu Qingyang East Data West Computing Industrial Park Green Power Aggregation Pilot Project

· Jiayuguan City 200 MW Wind Power Project

· Shandong Development Investment (Jingtai) Area F 200 MW Wind Power Project

· PowerChina Jinchang 200 MW Wind Power Project

· Zhonghong Huanxian 1,000 MW New Energy Project

· Jiuguan Group Smart Grid and New Energy Local Consumption Demonstration Project

· Yumen Hongliuquan 800 MW Wind Power Project

· Guazhou Low-Carbon New Energy Development Co.,

156MW/1115MWh! Tianjin's First Long-Duration Energy Storage Power Station Project Launched

On February 28, 2025, the TEDA Power Smart Energy Long-Duration Energy Storage Power Station project was officially launched, marking Tianjin's first long-duration energy storage power station. The project, invested in and constructed by TEDA Power Company under TEDA Holdings, is located in the eastern area of the Tianjin Binhai New Area Economic Development Zone. With a total investment of approximately 1.6 billion yuan, the station boasts a total power capacity of 156 megawatts and an installed energy storage capacity of 1,115.562 megawatt-hours. At full power output, it can provide continuous electricity supply for about 7 hours, releasing 1.17813 million kilowatt-hours of electricity daily and supplying 388.7 million kilowatt-hours of peak-shaving power to the grid annually. Once operational, the project is expected to utilize around 500 million kilowatt-hours of renewable energy annually, reducing carbon dioxide emissions by over 200,000 tons.

Fluence Launches 7.5 MWh Modular AC-Based BESS Platform

Fluence Energy, a U.S.-based company, has introduced its latest grid-scale battery energy storage system (BESS) called Smartstack. This innovative platform offers 7.5 MWh of energy storage and features a modular design that sets it apart from the industry's standard 20-foot container systems.

The system incorporates 314 Ah cells and boasts a patent-pending architecture that splits the system into more easily transportable units, enhancing logistics and maintenance. With this design, Fluence addresses the challenges posed by high-capacity cells, particularly in Europe where road vehicle weight limits of 40 tons are common in many countries.

Additionally, the Smartstack platform is configurable for storage durations ranging from two to eight hours, catering to various grid-scale energy storage needs while maintaining high energy density.

Canadian Solar to Deliver 960 MWh Energy Storage System in South Australia

Canadian Solar has announced that its subsidiary, CSI Solar Co., Ltd.'s e-STORAGE division, has signed a contract with Copenhagen Infrastructure Partners (CIP) for the delivery of a massive 240 MW/960 MWh battery energy storage system (BESS) in Summerfield, South Australia. The agreement, facilitated through CIP's fifth fund, Copenhagen Infrastructure V, marks a significant step forward for renewable energy infrastructure in the region.

e-STORAGE, a global leader in energy storage solutions, will provide turnkey engineering, procurement, and construction (EPC) services for the project, encompassing the supply and integration of more than 200 SolBank 3.0 battery containers. Construction of the Summerfield BESS is anticipated to commence in 2025, positioning it as one of South Australia's largest battery energy storage initiatives.

In addition to the construction services, e-STORAGE will also support the long-term performance and operational management of the project under a service agreement with CIP. Leveraging its strong and experienced project delivery team in Australia, e-STORAGE has already delivered or is in the process of constructing several BESS projects in the country.

Colin Parkin, President of e-STORAGE, added, "We are honored to be chosen by Copenhagen Infrastructure Partners (CIP) for the Summerfield project, which underscores e-STORAGE's advanced battery technology and robust execution capabilities. This project will greatly aid South Australia in achieving its goal of 100% renewable electricity generation by 2027. With over 1.5 GWh of BESS currently under construction in Australia, e-STORAGE is solidifying its position as a premier product and service provider in the region."

Situated in Murraylands, approximately 55 kilometers east of Adelaide near Mannum, the Summerfield project aims to support the South Australian Government's target of achieving 100% net renewable energy by 2027. By storing excess wind and solar energy generated during the day and supplying renewable power during peak demand periods, the project will play a crucial role in stabilizing the grid and ensuring affordable power to households and businesses when needed most.

Jon Hammer, Partner and Head of Copenhagen Infrastructure Partners (CIP) Australia, commented, "This milestone marks a significant step for the Summerfield project and CIP's broader renewable energy portfolio in Australia. Australia's need for large-scale battery energy storage solutions to enhance grid stability and provide reliable power underscores the importance of this collaboration with Canadian Solar's e-STORAGE. We are proud to support the South Australian Government's ambitious renewable energy goals."

Saudi Arabia commissions its largest battery energy storage system

Saudi Arabia has officially commissioned its largest battery energy storage system (BESS) to the grid, signifying a pivotal advancement in the nation's renewable energy expansion endeavors. The 500 MW/2000 MWh BESS in Bisha, located in the southwestern Saudi Arabian province of ‘Asir, has been heralded by project proponents as the world's largest operational single-unit energy storage project.

Owned by the Saudi Electric Company (SEC), the Bisha battery storage facility comprises 122 prefabricated storage units, designed and manufactured by China's BYD. Each unit houses a 6 MW power conversion system (PCS) paired with four lithium iron phosphate (LFP) battery modules, each boasting a capacity of 5.365 MWh. This modular design facilitates optimal space utilization, streamlines system integration, and minimizes potential failure points.

The engineering, procurement, and construction (EPC) works for this project were executed by a consortium comprising the State Grid Corporation of China and Riyadh-based Alfanar Projects. Deploying the facility in the harsh desert environment posed significant challenges, including extreme temperatures and frequent sandstorms. To ensure long-term reliability, engineers refined installation methods and optimized commissioning processes to withstand these conditions.

The Bisha BESS is part of Saudi Arabia's broader strategy to bolster its renewable energy infrastructure, aligning with Vision 2030, the kingdom's long-term economic blueprint aiming to source 50% of its energy from renewable sources by 2030. Energy storage plays a crucial role in this transition, providing grid flexibility and enabling the integration of intermittent power sources like solar and wind.

This project is one of several large-scale battery storage initiatives underway in Saudi Arabia. Currently, the Saudi Power Procurement Company (SPPC) is tendering four additional 500 MW/2000 MWh BESS projects.The list of prequalified 33 bidders was released earlier in January, revealing Masdar, ACWA Power, EDF, and TotalEnergies as competitors for 15-year storage services agreements.

Risen Energy Secures Major 1GWh Energy Storage System Order

Recently, Risen Energy and Brazilian MTR Solar have inked a strategic cooperation agreement for a 1GWh energy storage system. Over the next two years, Risen will provide MTR with advanced energy storage solutions.

With 19 years of experience in the battery industry, Risen Storage has consistently prioritized research, development, and innovation in energy storage technology. The company boasts a comprehensive energy storage product system, encompassing batteries, modules, PACKs, PCS, BMS, EMS, and system integration. This allows Risen to offer turnkey solutions for industrial, commercial, and large-scale energy storage systems to clients worldwide.

MTR, a key partner of Risen in Latin America, holds a strong market presence and significant influence in the PV and energy storage markets of Brazil and neighboring countries. Last June, the two companies already agreed on a 1GW cooperation for PV heterojunction modules.

World's Largest Photovoltaic and Energy Storage Project Launched, Multiple Chinese Companies Involved

Recently, the world's largest photovoltaic (PV) and energy storage project was awarded to a consortium including several Chinese companies. The USD6 billion project in Abu Dhabi is being developed by Masdar Clean Energy, also known as Abu Dhabi Future Energy.

Chinese firms Jinko Solar and JA Solar have been selected as preferred suppliers for solar panels, each providing PV modules with a capacity of 2.6 GW, utilizing the latest TopCon technology for maximum efficiency and a 30-year production lifespan. Additionally, Contemporary Amperex Technology (CATL) will supply the battery energy storage system (BESS) with its leading Tener technology, totaling 19 GWh in capacity, ensuring safe, long-lasting, and highly integrated operation.

Power Construction Corporation of China and India's Larsen & Toubro have been chosen as the preferred engineering, procurement, and construction contractors for the project. The combined solar and BESS facility, capable of delivering up to 1 GW of baseload power 24/7, will include a 5.2-GW solar plant and a 19-GWh BESS, making it the largest such project globally.

Abdulaziz Alobaidli, chief operating officer of Masdar, expressed his enthusiasm for working with these top-tier partners to set a new global benchmark in clean energy innovation. The project, announced during the Abu Dhabi Sustainability Week, represents a significant step forward in the development of round-the-clock gigascale combined solar and energy storage systems.

40-GWh annual capacity Tesla Megafactory in Shanghai to begin production in 2025

First of its kind factory built by Tesla outside the US

Tesla's 40-GWh Megafactory in Shanghai, covering 200,000 sqm, is set to commence operations in Q1 2025. The factory will mass-produce Megapacks, starting with 10,000 units annually (40 GWh). As Tesla's first energy storage facility outside the US, it represents a $201.76M investment and a milestone in China. Adjacent to the Gigafactory Shanghai, which produces over 950,000 EVs annually, the Megafactory will be a key export hub.

Megapack is a powerful battery

Tesla introduces its Megapack, a formidable battery manufactured at the Shanghai Megafactory. This battery serves as a reliable source of energy storage and support, playing a pivotal role in grid stabilization and outage prevention. By bolstering Tesla's sustainable energy infrastructure, the Megapack aids in establishing a cleaner grid that safeguards communities and the environment.

The Megapack reliably and safely stores energy for the grid, mitigating the need for gas peaker plants and reducing the risk of outages. Each unit boasts a storage capacity of over 3.9 MWh, sufficient to power approximately 3,600 homes for an hour.

Tesla facilitates easy deployment with fully assembled and operational Megapack units, simplifying installation and minimizing complexity. These systems necessitate minimal maintenance and are backed by warranties up to 20 years.

Throughout its lifespan, the Megapack offers enhanced power, reliability, and cost-effectiveness. Each battery module is equipped with its own inverter, enhancing efficiency and safety. Tesla asserts that with over-the-air software updates, the Megapack's performance improves over time.

Cornex and its Indian Partner Sign Cooperation Agreement for 5GWh Energy Storage Project

Cornex and its Indian partner have signed a cooperation agreement for a 5GWh energy storage project at Cornex's Global Headquarters. The agreement entails in-depth collaboration on the CORNEX M5 energy storage system, a 5MWh battery energy storage container. This milestone signifies Cornex's official foray into the Indian market, paving the way for future global market expansion.

Under the agreement, Cornex and its Indian partner will initially cooperate on the 5GWh project, offering the Indian market the self-developed 20-foot 5MWh battery energy storage container, the CORNEX M5 series. Two projects, with capacities of 220MWh and 750MWh respectively, are scheduled to commence in 2025. This project is crucial for stabilizing the local power supply and enhancing India's energy structure optimization.

This cooperation represents a significant step in Cornex's internationalization strategy. Cornex remains committed to green development and aims to provide top-notch new energy solutions to global clients, contributing to the establishment of a clean, low-carbon, safe, and efficient global energy system.

Malaysia's First Large-Scale Electrochemical Energy Storage Project Connected to Grid

On December 23, local time, Malaysia's first large-scale electrochemical energy storage project, the Sejingkat 60 MW Energy Storage Station, successfully connected to the grid. This milestone represents a significant achievement in China-Malaysia green energy cooperation. The project was implemented by China Energy Engineering Group Jiangsu Institute under an EPC (Engineering, Procurement, and Construction) contract.

The 60 MW/80 MWh project, situated in Kuching, the capital of Sarawak, employs a prefabricated, cabin-style, air-cooled lithium iron phosphate (LiFePO4) battery storage system. It comprises 22 battery cabins and 11 PCS (Power Conversion Systems) for grid connection, simplifying control logic and enhancing operation and maintenance efficiency.

Incorporating advanced battery storage technology and an intelligent management system, the project offers high automation levels, effectively supporting the integration and optimization of renewable energy. Once operational, it will be capable of performing two charge-discharge cycles daily and providing a 100-millisecond frequency regulation response. This will significantly contribute to optimizing energy distribution and enhancing grid reliability in the region.

Webinar with FBE: Exploring the Asia-Pacific Policy Landscape on Flow Batteries

On November 22, 2024, following the release of the Flow Batteries Europe (FBE) publication, Reports on Regions – Asia Pacific, FBE, in collaboration with the China Energy Storage Alliance (CNESA), VSUN Energy, and Sumitomo Electric, organized a webinar titled "Asia-Pacific Policy Landscape on Flow Batteries: Insights and the Way Forward." The event attracted nearly 100 participants eager to delve into the key insights from the report.

This webinar marks the first in the Flow Batteries Europe Reports on Regions series, which aims to provide a comprehensive overview of the global flow battery industry and the policies shaping it. The Asia-Pacific Report, developed through a collaborative effort with CNESA, VSUN Energy, and Sumitomo Electric, offers a detailed analysis of the region's policy environment and market dynamics.

During the webinar, distinguished experts from China, Japan, and Australia shared their insights and key findings from the report. The speakers included:

⭐️Dr. Changkun Zhang(CNESA)

⭐️Zamien Sumich (VSUN Energy)

⭐️Arata Doi (Sumitomo)

⭐️Beata Virsumirska(FBE)

⭐️Daniela Pöhl (FBE)

The discussions highlighted the significant advancements in Long-Duration Energy Storage (LDES) within the Asia-Pacific region, driven by robust policy frameworks and ambitious targets. The region's commitment to renewable energy and energy storage has set a high bar for innovation and deployment, presenting both opportunities and challenges for other regions, including Europe.

Europe, in particular, must refine its strategies to ensure it does not fall behind in the global race for LDES technology. The insights shared during the webinar underscored the importance of policy alignment, research and development investments, and international collaboration to foster a competitive and sustainable energy storage ecosystem.

The webinar concluded with a call to action for policymakers, industry leaders, and researchers to work together to address the challenges and capitalize on the opportunities presented by the evolving energy landscape in the Asia-Pacific region.

Source:https://flowbatterieseurope.eu/news/discover-fbes-webinar-recording-on-the-asia-pacific-policy-landscape-on-flow-batteries/

CATL and Stellantis to Invest Up to €4.1 Billion in 50-50 Joint Venture for Large-Scale LFP Battery Plant in Spain

On Dec.10th, 2024, announced by Stellantis group, Contemporary Amperex Technology Co. Limited (CATL) and Stellantis have unveiled a landmark agreement to establish a joint venture, committing up to €4.1 billion towards the construction of a state-of-the-art, large-scale lithium iron phosphate (LFP) battery manufacturing facility in Zaragoza, Spain. This venture is meticulously designed to achieve complete carbon neutrality, with its implementation unfolding through multiple phases and investment strategies.

Scheduled to commence operations by the close of 2026 at Stellantis' Zaragoza site, this cutting-edge facility aims to attain a maximum capacity of 50 gigawatt-hours (GWh), contingent upon the evolving landscape of the European electric vehicle market and ongoing backing from both Spanish and European Union authorities. This 50-50 joint venture will significantly enhance Stellantis' leading position in the European LFP market, empowering the automotive giant to introduce a broader range of high-quality, robust, and cost-effective battery-electric vehicles (BEVs) in the B and C segments, featuring mid-range capabilities.

Building on the foundation laid by a non-binding Memorandum of Understanding (MOU) signed in November 2023, CATL and Stellantis have solidified their commitment to the localized supply of LFP battery cells and modules for European electric vehicle production. This strategic alliance encompasses two pivotal areas: the development of a forward-thinking technology roadmap to propel Stellantis' advanced BEVs and the exploration of opportunities to fortify the battery value chain.

“Stellantis is committed to a decarbonized future, embracing all available advanced battery technologies to bring competitive electric vehicle products to our customers,” said Stellantis Chairman John Elkann. “This important joint venture with our partner CATL will bring innovative battery production to a manufacturing site that is already a leader in clean and renewable energy, helping drive a 360-degree sustainable approach. I want to thank all stakeholders involved in making today’s announcement a reality, including the Spanish authorities for their continued support.”

“The joint venture has taken our cooperation with Stellantis to new heights, and I believe our cutting-edge battery technology and outstanding operation knowhow combined with Stellantis’ decades-long experience in running business locally in Zaragoza will ensure a major success story in the industry,” said Robin Zeng, Chairman and CEO of CATL. “CATL’s goal is to make zero-carbon technology accessible across the globe, and we look forward to cooperating with our partners globally through more innovative cooperation models.”

CATL is bringing state-of-the-art battery manufacturing technology to Europe through its two plants in Germany and Hungary, which are already in operation. The Spanish facility will enhance its capabilities to support customers’ climate goals, further underscoring its commitment to advancing e-mobility and energy transition efforts in Europe and the global market.

Stellantis is employing a dual-chemistry approach – lithium-ion nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) – to serve all customers and exploring innovative battery cell and pack technologies. Stellantis is on track to becoming a carbon net zero corporation by 2038, all scopes included, with single-digit percentage compensation of remaining emissions. 

The transaction is expected to close in the course of 2025 and is subject to customary regulatory conditions.

About Stellantis 

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders.  

About CATL

Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide. In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750. In the year 2023, CATL’s EV battery consumption volume has ranked No.1 in the world for seven consecutive years, and it has ranked first in the market share of global energy storage battery shipment for three straight years. CATL also enjoys wide recognition by global EV and energy storage partners. Committed to making outstanding contribution to energy transition of mankind, CATL in 2023 announced its strategic goals of achieving carbon neutrality in core operations by 2025 and across the battery supply chain by 2035.

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China Energy Alliance Signs EPC Contract for Mega Solar and Storage Project in the Philippines

On November 18, a consortium comprising China Energy International Engineering (Energy China) and the Guangdong Electric Power Design Institute inked an EPC (Engineering, Procurement, and Construction) contract with Manila Electric Company (Meralco) for the Terra Phase I West District Integrated Photovoltaic and Energy Storage Project. This project marks a significant milestone as Terra is poised to become the largest integrated photovoltaic and energy storage power station in Southeast Asia.

Strategically located in the Philippines, the comprehensive development is designed to harness substantial renewable energy resources, boasting a total planned capacity of 3.5 gigawatts (GW) of photovoltaic (PV) power and 4.5 gigawatt-hours (GWh) of energy storage. The Phase I project, which was recently contracted, encompasses 1.4 GW of PV capacity and 3.3 GWh of energy storage capacity. Construction activities are scheduled to commence in November 2024, with the facility expected to enter commercial operation by 2026.

This ambitious project underscores the commitment of both Chinese and Philippine entities to advance renewable energy infrastructure and promote sustainable development in the region. By integrating advanced solar technology with robust energy storage solutions, the Terra project aims to enhance grid stability, reduce carbon emissions, and ensure a reliable and sustainable power supply for the local community and beyond.

NSW approves 2 GWh battery energy storage system

AGL has secured planning approval from the New South Wales (NSW) government to develop a 500 MW / 2,000 MWh battery energy storage system, named the Tomago battery, near Newcastle on the Central Coast. The $1 billion (USD 650 million) project will be situated next to two Transgrid-owned substations within the Hunter-Central Coast Renewable Energy Zone.

The NSW Department of Planning, Housing and Infrastructure highlighted that the battery will facilitate the state's transition to renewable energy sources, enhance regional and statewide benefits, and improve energy security and reliability through frequency and system restart auxiliary services. Travis Hughes, AGL's General Manager of Power Development, noted that this approval is a significant milestone in AGL's broader renewable energy strategy.

AGL’s 500 MW, four-hour grid-scale battery, the Tomago project, has the potential to provide additional firming capacity for the company’s New South Wales (NSW) customers and contribute to AGL’s goal of adding 12 GW of renewables and firming to its portfolio by 2035. The project, estimated to cost $1.068 billion, is slated for a final investment decision in 2025, with construction expected to begin in 2026, creating around 200 jobs during the construction phase.

The Tomago battery is part of NSW’s expanding network of 57 large-scale batteries approved to aid the transition to clean energy. NSW Planning Minister Paul Scully emphasized the importance of battery energy storage systems in providing firming capacity, enhancing the reliability of the network, and supporting the shift to renewable energy sources.

This project will complement AGL’s existing grid-scale battery assets, including the 250 MW / 250 MWh Torrens Island battery in South Australia and the 50 MW / 50 MWh Broken Hill battery in western NSW, both operational since August 2023 and August 2024, respectively. Additionally, AGL is developing a 500 MW, two-hour duration battery at the former Liddell coal-fired power plant site in the NSW Hunter Valley, with operations set to commence in mid-2026.

Summary of Global Energy Storage Market Tracking (Q3 2024)

China market: Pumped Hydro Storage share falls below 50% for the first time. Non-hydro Storage accumulative installations surpass 50GW for the first time.

According to CNESA DataLink's Global Energy Storage Database, as of the end of September 2024, the cumulative installed capacity of operational energy storage projects in China reached 111.49 GW. This includes pumped hydro storage, molten salt thermal storage, and other non-hydro storage technologies, marking a year-on-year increase of 48% and a 29% rise since the end of 2023. The share of pumped hydro storage in the total installed capacity fell below 50% for the first time. Among these, the cumulative installed capacity of non-hydro energy storage surpassed 50 GW for the first time, reaching 55.18 GW/125.18 GWh. Power capacity grew by 119% year-on-year, while energy capacity surged by 244% year-on-year. 

Fig 1: Cumulative installed capacity distribution of total energy storage projects in China (as of the end of Sep 2024), unit: MW%

In the first three quarters of 2024, newly operational non-hydro energy storage installations reached 20.67 GW/50.72 GWh, representing year-on-year growth of 69% in power capacity and 99% in energy capacity. In Q3 alone, newly installed capacity amounted to 6.79 GW/16.89 GWh, showing year-on-year increases of 62% and 99%, but quarter-on-quarter declines of 29% and 26%, respectively. 

Fig 2: Cumulative Installed Capacity of Operational Non-hydro Energy Storage Projects in China (as of Sep 2024)

China EPC bidding update of 2024 Q3: Bidding reaches record high, energy storage system bid prices hit historic lows

In the first three quarters of 2024, the bidding volumes for battery systems, energy storage systems, and EPC projects all exceeded the same period of 2023 in terms of energy capacity. Among these, EPC bidding reached its highest-ever quarterly volume in Q3, approaching 50 GWh. Large-scale projects, particularly those exceeding 500 MWh and even GWh-level, saw a significant increase in EPC bidding announcements. State Power Investment Corporation (SPIC) led with a bidding volume exceeding 7 GWh.

Fig 3: Distribution of Typical Bidding Types (Jan–Sep 2024) (Unit: GWh)

Fig 4: Top 10 EPC Bidders by Scale (Jan–Sep 2024) (Unit: GWh)

Energy storage system bid prices hit a record low

In the first three quarters, the average bid price for domestic non-hydro energy storage systems (0.5C lithium iron phosphate systems) was 622.90 RMB/kWh, a year-on-year decline of 50%. While bid prices remained relatively stable in the first half of the year, they reached a historic low of 578.11 RMB/kWh in Q3, particularly in September. This marks a 42% year-on-year decrease, a 4% quarter-on-quarter decline, and a 26% drop compared to early 2024. For the first time, prices fell below 500 RMB/kWh. 

This downward trend was partly driven by falling upstream lithium carbonate prices, which fluctuated around 100k–110k RMB/ton in the first half of the year. Since late June, prices declined steadily, dropping below 80,000 RMB/ton in September due to inventory reductions and weakened downstream demand.

Note: 0.5C lithium iron phosphate battery energy storage system, excluding user side application; The average bid price is the arithmetic average of the bid price of each project in the statistical period. 

Fig 5: Trends in Energy Storage System and EPC Bid Prices (Jan 2023–Sep 2024) (Unit: RMB/kWh)

United States: the new installed capacity is 6.5GW+ in the first three quarters. Q3 installation declines after record Q2

As of September 2024, the U.S. added 27.1 GW of cumulative operational battery storage, a year-on-year growth of 70% and a 34% increase from the end of 2023. Newly operational installations (≥1 MW) in the first three quarters reached 6,807.4 MW, a 57% year-on-year increase. After achieving a record high in Q2, Q3 installations fell to 2,578.8 MW, a 14% quarter-on-quarter decline but a 0.4% year-on-year increase. Regionally, California continued to lead with over 40% of new installations, followed by Texas and Arizona. Independent storage projects dominated, accounting for two-thirds of the total.  

United Kingdom: Q3 Marks Installation Peak for 2024

As of September 2024, the U.K. reached 4.3 GW/5.8 GWh in cumulative operational battery storage, with an average duration of 1.33 hours. In the first three quarters, 19 new battery projects totaling 579 MW were added, a year-on-year decline of 52%. After two quarters of declining installations, Q3 achieved a new 2024 high at 259 MW, up 90% quarter-on-quarter but down 38% year-on-year. New projects in Q3 ranged from 10–50 MW with durations between 1–2.4 hours. 

Additionally, 4.3 GW of battery capacity is expected to sign capacity market agreements by October 2024. By the end of Q3, 1.4 GW of battery capacity for the 2024/25 market had yet to connect, with an estimated 280–780 MW to come online in Q4. 

Germany: Slowing Growth in Monthly Installations

In the first three quarters of 2024, Germany added 2,672.5 MW/3,965.3 MWh of battery storage, a slight year-on-year decline of 3%/5%. Q3 installations reached 716.9 MW/1,138.7 MWh, down 28%/25% year-on-year and 23%/16% quarter-on-quarter. 

Residential storage accounted for 88% of new installations in both Q3 and year-to-date figures (by energy capacity). By September 2024, Germany's cumulative battery storage installations totaled 10.3 GW/15.9 GWh, with residential systems making up 85% of the total. Over 1.5 million residential systems have been installed, with over 400,000 added in the first three quarters of 2024.

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Summary of Global Energy Storage Market Tracking (Q2 2023)

Pumped hydro accounted for less than 70% for the first time, and the cumulative installed capacity of new energy storage（i.e. non-pumped hydro ES） exceeded 20GW.

According to incomplete statistics from CNESA DataLink Global Energy Storage Database, by the end of June 2023, the cumulative installed capacity of electrical energy storage projects commissioned in China was 70.2GW, with a year-on-year increase of 44%. The cumulative installed capacity of pumped hydro dropped to 69.1% by the end of June this year, which was below 70% for the first time after it was below 80% for the first time at the end of last year. The cumulative installed capacity of new energy storage projects is 21.1GW/44.6GWh, and the power and energy scale have increased by more than 225% year-on-year.

Figure 1: Cumulative installed capacity (MW%) of electric energy storage projects commissioned in China (as of the end of June 2023)

Figure 2: Cumulative installed capacity of new energy storage projects commissioned in China (as of the end of June 2023)

In the first half of 2023, China's new energy storage continued to develop at a high speed, with 850 projects (including planning, under construction and commissioned projects), more than twice that of the same period last year. The newly commissioned scale is 8.0GW/16.7GWh, higher than the new scale level last year (7.3GW/15.9GWh). The newly-added projects were mainly put into operation in June, and the capacity reached 3.95GW/8.31GWh, accounting for 50% of the total increased capacity of operarting projects in the first half of the year. It is expected that it will continue to maintain a rapid growth in the second half of the year, and the installed capacity will increase by 15-20GW in 2023.

Figure 3: Installed capacity of new energy storage projects newly commissioned in China (2023.H1)

In the first half of the year, the capacity of domestic energy storage system which completed procurement process was nearly 34GWh, and the average bid price decreased by 14% compared with last year.

In the first half of 2023, a total of 466 procurement information released by 276 enterprises were followed. The bidding volume of energy storage systems (including energy storage batteries and battery systems) was 33.8GWh, and the average bid price of two-hour energy storage systems (excluding users) was ¥1.33/Wh, which was 14% lower than the average price level of last year and 25% lower than that of January this year.

Figure 4: Capacity of main types of energy storage bidding in the first half of 2023

Figure 5: Trend of average bid price in energy storage system and EPC (2023.H1, unit: CNY/kWh)

About Global Energy Storage Market Tracking Report

Global Energy Storage Market Tracking Report is a quarterly publication of market data and dynamic information written by the research department of China Energy Storage Alliance (CNESA).

About CNESA Data Link Global Energy Storage Database

Independently built by CNESA, CNESA DataLink Global Energy Storage Database is an intelligent data service platform for energy storage industry, providing important data support for government agencies, power generation groups, power grid companies, energy storage enterprises, industry organizations, investment and financing institutions, etc. to understand the market status, judge future trends, assist decision-making, and make plans.

You can visit the website of CNESA, www.esresearch.com.cn, to learn more about research products on energy storage industry.

Please contact CNESA if you have any questions:

Tel.: 010-65667066

Email: jing.chen@cnesa.org

jinlei.feng@cnesa.org

shuo.cao@cnesa.org

bingchen.wang@cnesa.org

CNESA Data Release - Jan 2023

According to CNESA Global Energy Storage Database, In January 2023, China energy storage market added 8.0GW/18.1GWh (except pumped hydro and thermal storage). FTM ESS average bid price reach to 1.47RMB/Wh, -7.7% month-on-month, +4.3% year-on-year.

Read more：www.esresearch.com.cn