China's industrial and commercial energy storage market welcomes breakthroughs and new opportunities

The industrial and commercial energy storage policies issued by Zhejiang, Jiangsu, Guangdong and other places are like warm sunshine shining on the fields of energy development, injecting new vitality into this land. The introduction of these policies and the widening of the difference in peak and valley electricity prices in various places have made the economic advantages of industrial and commercial energy storage flourish, illuminating the development path of industrial and commercial energy storage. Under this background of dual control of energy consumption and power restriction, enterprises' demand for energy stability and self-sufficiency has also sprouted like spring buds, and they are in urgent need of finding new development paths. The rise of industrial and commercial energy storage has been widely recognized and accepted by the majority of end customers, like a phoenix spreading its wings, soaring in the sky of the energy field. As the demand for energy storage by industrial and commercial enterprises continues to escalate, a large number of energy storage companies have also emerged on the supply side like a flood of beasts, and they have bravely entered the industrial and commercial energy storage market like warriors. In 2023, this market has become the first year of the development of industrial and commercial energy storage in the country. The arrival of this moment undoubtedly marks the beginning of the era of industrial and commercial energy storage.

According to GGII statistics, there are now more than 200 companies involved in industrial and commercial energy storage system integration. They have sprung up in East China and South China. Among them, the number of companies in Jiangsu, Zhejiang, Guangdong, and Shandong is like a group of shining stars, showing the infinite vitality of the industrial and commercial energy storage market. In the vast starry sky of the industrial and commercial energy storage market, there are multiple participants, who compete and promote each other like a flock of birds. First, we have lithium battery and system manufacturers, such as CATL, BYD, and EVE Energy. They have successfully reduced costs and increased profits in a forward-looking integrated way, while digesting excess production capacity and opening up new business areas. Their energy storage outdoor cabinets are widely used in North America and Europe, just like an eagle of industrial and commercial energy storage soaring in the sky of overseas markets.

Secondly, we have distributed photovoltaic manufacturing companies, including photovoltaic inverters and photovoltaic system integrators, such as Sungrow Power Supply, Trina Energy Storage, JinkoSolar, etc. In the market arena, many energy storage projects are equipped with energy storage systems on photovoltaic power stations. Such companies have transferred their advanced technologies in the field of distributed photovoltaics to energy storage systems, which not only lowers the threshold for entering the market, but also allows them to use the original distributed photovoltaic business sales channels to quickly enter the industrial and commercial market. Like a keen cheetah, they use their own technological advantages and market channels to continuously expand their influence in the field of industrial and commercial energy storage.

Finally, there are some companies that focus on the field of distributed energy storage, such as Singularity Energy, Sixiang New Energy, Cairi Energy, Yilanke, and NARI Relay Protection. Compared with the above two types of companies, these companies are more focused on distributed applications such as industrial and commercial applications. Most of them have a background in electronic and electrical technology research and development, and do not involve upstream battery cells and other links. They focus their main resources on back-end software development and the construction of intelligent operation and maintenance capabilities. They are like lone rangers, bringing new vitality and possibilities to the industrial and commercial energy storage market with their professional technology and unique perspectives.

The application of industrial and commercial energy storage in terminal scenarios is diverse and rich. At present, the main areas of investment in industrial and commercial energy storage in my country include large power-consuming enterprises (polysilicon, semiconductors, etc.), medium and large commercial buildings, electric vehicle charging stations, etc. The demand for energy and the focus on stability in these areas are increasing day by day.

First, medium and large power-consuming entities mainly include cement, alloy, steel, coal, lime, coking and other industries, and manufacturing customers with annual power consumption of more than 1 million kWh. These entities have extremely high requirements for production continuity, and the price difference of electricity at different times of the day is higher than that of general industry and commerce (1.5 times the purchase price of electricity is implemented), so they are more concerned about how to save electricity costs and peak-valley arbitrage.

Secondly, supermarkets and office buildings mainly refer to medium and large commercial buildings, large supermarkets and other units in the city. The electricity load in these places has obvious peaks and low peaks, and the electricity consumption habits are fixed. The model of using energy storage to reduce capacity electricity charges and peak-to-valley differences to save electricity costs is mature and the demand is clear. However, due to the limited space in commercial buildings, the volume energy density of industrial and commercial energy storage products is required to be high, which has become an important challenge and opportunity.

Finally, electric vehicle charging stations are equipped with industrial and commercial energy storage. With the mass production and batch installation of high-rate batteries such as CATL's Kirin Battery and Juwan Technology's XFC ultra-fast battery, the power demand of future charging stations will increase rapidly. The grid transformer will face the risk of insufficient capacity and grid collapse during the peak charging period. The demand for distribution network expansion derived from the charging of a large number of electric vehicles can be solved by configuring industrial and commercial energy storage. This is an application scenario with great significance and broad prospects. It will further promote the development and growth of the industrial and commercial energy storage market.

Currently, some companies have defined power modules that match various market demands for different application scenarios. This not only tests the company's understanding of battery and system design, but also requires it to have a strong electronic and electrical technical background and software logic design capabilities. Only through continuous research and development and innovation can it stand out in the fierce market competition. This is a challenge to all participants and a spur to the entire industry. In this market full of opportunities and challenges, whoever can seize the opportunity will be able to dominate the future competition. Let us wait and see how this revolution in the energy field will change our future!

The implementation of the new energy storage policy has undoubtedly painted a bright future for the new energy field. This has not only promoted the vigorous development of the new energy field, but also boosted the prosperity of upstream industries. Our company's main industrial cables, in the field of new energy, include high-quality products such as silicone cables and low-smoke halogen-free cables, which are committed to solving application problems such as large current carrying capacity, high and low temperature resistance, and UV resistance. These products have excellent service life and safety, ensuring that they are always stable and reliable during use and live up to the trust of users.

However, we cannot ignore that there are also some problems and challenges in the development of the new energy field. The implementation of policies, technological breakthroughs, market development and other aspects all require our joint efforts. We must meet the challenges and opportunities in the new energy field with firm confidence and determination. Mao Zedong once said: "The world is yours, and it is ours, but in the final analysis, it is yours." This sentence tells us that the future world belongs to the young, and the development of the new energy field requires the participation and efforts of young people. We must promote the development of the new energy field with innovative thinking and enterprising spirit, and contribute our own strength to building a better future.

In this new energy field full of opportunities and challenges, our company will always stick to its original intention and be committed to providing better and more reliable products and services. We believe that with our joint efforts, the new energy field will usher in a brighter tomorrow.