01 Emerging markets: Fierce transformation and accelerated change
In 2023, industrial and commercial energy storage will enter its first year, and the start will be the Red Sea. Within half a year, the project sharing ratio in various regions has increased from 20:80 to 35:65, which shows the fierce competition.
For the fledgling industrial and commercial energy storage market, some companies have chosen to give up strategically.
According to new energy industry experts, an energy storage company once ranked in the Top 5 in 2022 and landed some projects in China, but by 2023, seeing such an involuted market, it chose to focus on overseas. At present, its overseas revenue is 50-60%.
Because it was just started in the second half of last year, the data statistics of industrial and commercial energy storage were slightly different. This is due to the different statistical calibers, for example, only in terms of capacity, industrial and commercial energy storage may also reach tens of MWh, such a large capacity has been counted as source-grid side energy storage in the past.
But in any case, as long as you look at the difference in the list, you can also see that startups and large companies have also started hand-to-hand combat. For example, BYD, which has never appeared on the list, jumped into the Top2, and became the first in shipments in the statistics of high-tech energy storage.
If containerized energy storage is excluded, the number of entrepreneurial dark horses accounts for a higher proportion Data source: Energy Storage Leader Alliance
Startups in the industrial and commercial energy storage track can be divided into three categories:
First, it started in the field of large storage, and then rapidly transformed into emerging markets, with representative companies such as Singularity Energy, Sermatec Energy, and Ronghe Yuan Storage.
The second is to rise in the overseas household storage market, return to the domestic market to target industrial and commercial energy storage, representative companies such as Wotai Energy, Daqin Digital Energy, etc.
The third is to cooperate with real estate companies to transform the real estate model into industrial and commercial energy storage, the representative companies are Hongzheng Energy Storage and Baobi New Energy, the common shareholders of both parties are Poly Real Estate, and Hongzheng is the equipment provider, Baobi is staking land in the country, holding assets, and asset management.
According to Sungrow, the C&I energy storage market in 2023 nearly tripled compared to 2022, exceeding 3.5GWh.
Compared with large storage, industrial and commercial energy storage needs more brand recognition at the market end, and whoever can take the lead in occupying the market gap can be the first to lock in the best quality customer base.
A new energy investor said that after fierce competition in 2023, there are few opportunities for new players to re-enter the game. The biggest variable lies in the strategy of large companies such as Huawei, Sungrow, and BYD, and the financial advantages and brand strength of large companies will change the pattern in 2024.
02 Energy storage integration: The overseas energy storage market has exploded, and state-owned enterprise giants have swarmed
The large storage market is still the basic plate of the energy storage industry, and under the trend of compulsory distribution and storage of domestic new energy and overseas new energy transformation, the demand for energy storage in wind and solar power stations and transmission and distribution networks is still high.
Second, the overseas market is full of potential, and going overseas has become an inevitable trend.
When the statistical caliber of shipments is expanded to the global market, the hidden champion companies that go overseas will surface.
Source: Energy Storage Frontrunner Alliance
03 Upstream battery: the strong are always strong, and the bloody war is intensified
In 2022, the shipment of energy storage batteries in the most upstream of the industry will reach 122.2GWh, an increase of nearly three times.
The rapid growth of the market has allowed companies such as Haichen Energy Storage and Ruipu Lanjun to seize the opportunity to rise, and traditional giants such as Penghui Energy, Guoxuan Hi-Tech, and China Innovation Aviation have been able to take advantage of the transformation.
2023 Domestic Power Energy Storage Battery Shipment Ranking of Chinese Enterprises Data Source: Energy Storage Leader Alliance
Article source: lithium battery
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