The explosive growth of energy storage continues

The explosive growth of energy storage continues
In fact, the energy storage industry has been in a period of rapid growth in the past two years. Looking ahead, can the energy storage industry continue its rapid growth momentum?
"The industry is so hot that the demand has increased by 3 to 5 times." Referring to the prosperity of energy storage, a senior photovoltaic practitioner told reporters that the growth of industrial and commercial energy storage is particularly obvious this year, and the revenue of many companies has increased several times year-on-year. Wei Qiong, chairman of Meikesheng Energy, recently publicly stated that the company's performance in the first half of the year is expected to increase by 3 to 5 times year-on-year. Also focusing on industrial and commercial energy storage, Sixiang New Energy Marketing Vice President Lu Pinyi said that the company's revenue last year was about 30 million yuan, and it is conservatively estimated that it will reach 400 million yuan this year.
A number of listed companies are also "pre-happy" about the rapid growth of energy storage business in the near future.

For example, Shenghong Co., Ltd. predicted that the net profit in the first half of the year increased by 139.08% to 187.48% year-on-year, mainly because the revenue of the energy storage business department and the charging pile business department increased significantly compared with the same period last year. Shenghong's energy storage business revenue increased by 446.97% year-on-year in the first quarter. Deye expects its performance in the first half of the year to increase by 188.58% to 206.34% year-on-year, mainly because the demand for household energy storage in Asia, Africa and Latin America continues to explode, and the sales revenue of the company's household energy storage products has increased significantly; at the same time, the company's application in small industrial and commercial The sales scale of the energy storage inverter and energy storage battery business in the scenario has expanded. Kstar disclosed that the net profit attributable to the parent company in the first half of the year was expected to increase by 106% to 152%. The rapid growth of the energy storage business is one of the important driving forces for the company's performance growth.
Why is the energy storage industry growing so rapidly? Zhang Jian, deputy secretary-general of the Energy Storage Branch of the China Battery Industry Association, introduced that there are multiple positive factors behind the growth of the industry: first, under the guidance of top-level design policies, energy storage has opened a new stage of large-scale development; second, the installed capacity of new energy continues to grow, "Scenery" is forced to be equipped with energy storage, which brings stable market growth; third, the price of lithium iron phosphate materials has stabilized, and the expansion of battery manufacturers has reduced the cost of batteries, which has brought about a significant drop in the cost of energy storage systems, and users have enthusiasm for installation ; The fourth is the reform of the electricity market. The business models of user-side energy storage and incremental distribution network are smoother. The income of energy storage is clear. The difference between peak and valley electricity prices is significant. , High-tech enterprises are also willing to use energy storage as a backup power source.
Looking forward to the development trend of the energy storage industry, some insiders said that European household storage demand is strong, industrial and commercial energy storage is gradually emerging, and China's industrial and commercial energy storage logic is also beginning to be implemented. In the future, as the proportion of new energy increases, the energy storage market will maintain a good growth trend.
Institutional survey minutes confirm this. Said: "The company's household storage is selling well in South Africa. Dazhu has sent samples to major European and American customers. It is expected to be harvested at the end of this year or early next year. The company's industrial and commercial energy storage shipment target in the second half of the year is 1GWh to 2GWh."