In May, within just one week, energy storage companies including Sineng Electric, Inovance Technology, CMSTD, CORNEX New Energy, Trina Storage, Sigenery, SVOLT, and Wincle Digital Energy secured cumulative orders exceeding 10GWh, drawing widespread industry attention. This demonstrates that the global energy transition continues to drive sustained demand for energy storage.
On May 14, Sineng Electric’s official WeChat account reported the formal signing of a framework cooperation agreement with Turkey’s renowned renewable energy company Europower. The agreement covers a 750MW energy storage product supply framework, accelerating Sungrow’s expansion into Turkey and the Eurasian energy storage market.
On May 13, Inovance Technology’s official WeChat account announced that CMSTD, Inovance Technology, and Australia’s Genaspi Energy have established in-depth cooperation for the Bundey Project (1.2GW/3.9GWh) in Australia – the Southern Hemisphere’s largest energy storage power station. CMSTD will provide full lifecycle solutions, Inovance Technology will lead core equipment R&D and energy efficiency optimization, while Genaspi Energy will drive project implementation and regional energy network integration. The tripartite technical proposal has been formally submitted to the Australian National Grid for certification, marking the project’s entry into substantive development.
On May 7 local time, CORNEX New Energy signed a 2.5GWh strategic cooperation agreement with UK’s Immersa. Both parties will deepen collaboration around CORNEX New Energy’s self-developed 5MWh battery prefabricated cabin CORNEX M5. The agreement outlines plans to deliver 1.25GWh–2.5GWh of energy storage projects over the next five years, establishing a global strategic partnership covering product supply, after-sales service, and project development.
Recently, Trina Storage announced a collaboration with U.S. energy storage systems and energy management software leader FlexGen. The partners will jointly deliver a grid-scale battery energy storage system in Houston, Texas. Developed by independent power developer SMT Energy, this 371MWh project utilizes Trina Storage’s Elementa Jingang 2 solution. Trina Solar plans to achieve 8-10GWh energy storage system shipments in 2024.
Concurrently, Sigenery signed a 1GWh energy storage framework agreement with Aprilice, Northern Europe’s largest PV equipment distributor, covering residential and commercial-industrial storage projects. Additionally, Sigenery formalized strategic cooperation with Bulgaria’s leading renewable energy company Global Solar Bulgaria, signing a 200MWh energy storage agreement. The project will deploy Sigenery’s SigenStack modular system for efficient large-scale storage applications.
SVOLT recently signed four strategic agreements covering supply chain security, risk management, and client development, with cumulative project scale exceeding 2GWh:
A 769MWh project with an Indian partner covering Mumbai pilot storage plants and Gujarat’s large-scale systems;
A strategic MOU with Hopewind for joint expansion in Europe, Southeast Asia, Middle East, and Americas markets;
A 450MWh large-scale storage project with an exclusive Eastern European distributor;
A 700MWh utility-scale and commercial-industrial storage project launched with a German innovative developer and industrial capital, establishing an end-to-end “development-capital-equipment” cooperation model.
Wincle Digital Energy achieved breakthroughs in European localization, securing over 1.3GWh of intent orders across Germany, France, Switzerland, Romania, Bulgaria, Netherlands, Turkey, Austria, Czech Republic, and others.
In 2024, Chinese energy storage enterprises demonstrated robust competitiveness overseas. According to CNESA Datalink’s global energy storage database (incomplete statistics), overseas orders exceeded 150GWh, primarily from Americas, Europe, Australia, Southeast Asia, and Middle East markets.
In 2025, Chinese energy storage companies accelerated global expansion, maintaining rapid order growth momentum. CNESA Datalink statistics indicate Q1 2025 overseas orders approached 100GWh, representing a 756.72% year-on-year increase.