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2021-12-17
According to the latest data from the American Association for Clean Energy (ACP), in the first three quarters of 2021, a total of 7.26GW of new wind power installed capacity in the US market. Among them, GE Renewable Energy installed a total of 2.44GW in the highly competitive US market, regaining the leading edge from its rival Vestas (2.2GW).
In recent years, the US wind power market has basically been dominated by these two companies. As of the end of the third quarter, according to the newly added lifting capacity in the United States in 2021, wind power generators GE (34%) and Vestas (30%) ranked first and second respectively.
German manufacturer Nordex ranks third with a market share of 20%, followed by Siemens Gamesa (16%). It is worth mentioning that, due to the high development cost of offshore wind power, Nordex is one of the few complete machine manufacturers that has not entered the offshore wind power field.
In terms of models, GE occupies a dominant position in the 2.5~2.8MW field, which is also the largest number of models in the US market, while Vestas ranks second and third in demand in 2~2.2MW and Leading in the level above 3MW.
According to the ACP quarterly report, as of the end of the third quarter, a total of 23.9GW of onshore and offshore wind power projects to be built have confirmed complete machine suppliers. Among them, GE leads with 12.2GW, followed by Siemens Gamesa (5.5GW), Vestas (5GW) and Nordex (1.15GW). It can be said that the leading position of GE in the future cannot be shaken. At the same time, 15.8GW of projects to be built have not yet confirmed the complete machine supplier.
In addition, despite GE's leading position, its CEO Larry Culp said that the company's onshore wind power business is being affected by inflation, supply chain disruption, and production tax credit (PTC) uncertainty.
PTC is a tax incentive bill for onshore wind power. It has been implemented since 1992 and has been 29 years. During this period, each time the bill was about to expire, it was extended. At present, some project developers are postponing the final investment decision of the project in order to wait for Congress to postpone PTC again. According to Wood Mackenzie's forecast, the US wind power market is expected to add 14GW this year, and it may decrease to about 10GW in 2022.
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