The Chinese industrial and commercial energy storage market is witnessing breakthroughs and new opportunities.

The policies on industrial and commercial energy storage introduced in Zhejiang, Jiangsu, Guangdong and other regions are like warm sunlight shining upon the fields of energy development, injecting new vitality into this land. The introduction of these policies, along with the expansion of the differences in peak and off-peak electricity prices in various regions, have made the economic advantages of industrial and commercial energy storage shine brightly, illuminating the path of the development of industrial and commercial energy storage. Under the backdrop of energy consumption control and power restrictions, the demand of enterprises for energy stability and self-sufficiency has also blossomed like spring buds, and they urgently need to find new development paths. The rise of industrial and commercial energy storage has been widely recognized and accepted by the vast number of end customers, like a spreading phoenix, soaring in the sky of the energy sector. As the demand for energy storage by industrial and commercial enterprises continues to upgrade, a large number of energy storage enterprises have emerged like fierce beasts in the supply side, and they are like brave warriors bravely entering the industrial and commercial energy storage market. In 2023, this market has become the first year of the development of industrial and commercial energy storage across the country, and the arrival of this moment undoubtedly marks the beginning of the era of industrial and commercial energy storage.

According to the statistics from GGII, there are now over 200 enterprises involved in the integration of industrial and commercial energy storage systems. They have emerged like bamboo shoots after a spring rain in the eastern and southern regions of China. Among them, the number of enterprises in Jiangsu, Zhejiang, Guangdong and Shandong is like a constellation of stars, demonstrating the boundless vitality of the industrial and commercial energy storage market. In the vast starry sky of the industrial and commercial energy storage market, there are diverse participants who compete and promote each other like a flock of birds. First of all, we have lithium battery and system manufacturers, such as CATL, BYD, and EVOLIUM. They have successfully reduced costs and increased profits by integrating in an integrated manner, while also absorbing excess capacity and exploring new business areas. Their energy storage outdoor cabinets have been widely used in North America and Europe, like eagles soaring in the sky of overseas markets in the industrial and commercial energy storage sector.

Secondly, we have distributed photovoltaic manufacturing enterprises, including photovoltaic inverters and photovoltaic system integrators, such as Sunergy Power, Tianhe Energy Storage, and Jinko Energy. In the competitive market, many energy storage projects are equipped with energy storage systems on photovoltaic power stations. These enterprises transfer their advanced technologies in the distributed photovoltaic field to energy storage systems. This not only lowers the entry barriers but also enables them to quickly enter the industrial and commercial market by leveraging their existing distribution channels for distributed photovoltaic. They are like agile cheetahs, using their technological advantages and market channels to continuously expand their influence in the industrial and commercial energy storage sector.

Finally, there are some enterprises specializing in the field of distributed energy storage, such as Singularity Energy, Four Elements New Energy, Cai Ri Energy, Yilanke, and NARI Relay Protection, etc. Compared to the above two types of enterprises, these companies are more focused on distributed applications such as those for industrial and commercial use. Most of them have backgrounds in electronic and electrical technology research and development, and do not involve the upstream battery cell production process. They mainly concentrate their resources on the construction of backend software development and intelligent operation and maintenance capabilities. They are like solitary warriors, using their professional technologies and unique perspectives to bring new vitality and possibilities to the industrial and commercial energy storage market.

The application of industrial and commercial energy storage in terminal scenarios is diverse and extensive. Currently, the main areas in China where there is a high investment enthusiasm for industrial and commercial energy storage include large power-consuming enterprises (such as polysilicon and semiconductor industries), medium and large commercial buildings, and electric vehicle charging stations, etc. The demand for energy and stability in these fields is increasing day by day.

Firstly, medium and large-scale power-consuming entities mainly include industries such as cement, alloys, steel, coal, lime, and coking, as well as manufacturing customers with annual electricity consumption of over 1 million kWh. These entities have extremely high requirements for production continuity. Moreover, the price difference between different periods within a day is higher compared to that of general industrial and commercial sectors (with the 1.5 times purchase price applied), so they pay more attention to how to reduce electricity costs and engage in peak-valley arbitrage.

Secondly, shopping malls and office buildings mainly refer to medium and large commercial buildings and large supermarkets in cities. The electricity load of these places has distinct peaks and troughs, and their electricity usage habits are fixed, adopting the mode of using energy storage to reduce capacity electricity costs and peak-valley differences to save electricity costs, which is mature and has clear demand. However, due to the limited space of commercial buildings, the requirements for the volume and energy density of industrial and commercial energy storage products are high, which has become a significant challenge and opportunity.

However, we cannot ignore the fact that there are also some problems and challenges in the development of new energy. The implementation of policies, the of technology, and the development of the market all require our joint efforts. We need to face the challenges and opportunities in the field of new energy with firm confidence and determination. M Zedong once said: "The world is yours, it is ours, but in the final analysis, it is yours." This sentence tells us that the future world belongs the young people, and the development of the new energy field is even more in need of the participation and efforts of the young people. We should promote the development of the new energy with innovative thinking and enterprising spirit, and contribute our own strength to the construction of a better future. In this field of new energy full of opportunities and challenges, company will always stick to our original aspiration and commit to providing better and more reliable products and services. We believe that with our joint efforts, the new energy field will have a future.