Chinese companies "embracing" the US energy storage market

　　The continuous improvement of the US energy storage market is becoming a  new opportunity for Chinese companies.

　　In  the context of carbon neutrality, the world is accelerating energy   transformation, and the installed capacity and power generation of new  energy  are rising rapidly. As a supporting technology for the power  grid, energy  storage has also seen rapid growth in its supporting  demand. Among them, battery  energy storage has the greatest development  potential due to its advantages of  flexible installation, rapid  response, precise adjustment, and short  construction period.

　　The  data shows that in 2021, the world's newly installed electrochemical   energy storage capacity will exceed 10GW for the first time, a  year-on-year  increase of 114%; in 2025, the cumulative electrochemical  energy storage  installed capacity will reach 64.3GW, with an average  compound growth rate of  35.25% in 2020-2025.

　　Among them, the  installed capacity is mainly concentrated in China, the  United States,  Europe, Japan, South Korea, and Australia, which together account  for  more than 90% of the cumulative overseas installed capacity.

　　Overall,  the U.S. energy storage market is in a "three-legged" situation.   California, PJM (independent system operator responsible for the  operation and  management of power systems in 13 U.S. states and  Washington, D.C.), and Texas  are among the top three installed battery  energy storage facilities in the  United States.

　　The data shows  that from 2010 to 2020, the cumulative installed capacity of   electrochemical energy storage in the United States is about 2.8GW, and   California, PJM and Texas account for 54%, 14% and 10% respectively.

　　In  terms of subdivision types, the California market dominates energy   time-shift, industrial, commercial, and residential energy storage  demand. 65%  of the total installed capacity in the United States is  time-shifted, 87% of  industrial and commercial, and 78% of residential  energy storage is concentrated  in California; PJM and Texas are  Ancillary services are mainly installed,  accounting for 40% and 25% of  the cumulative installed capacity of ancillary  services in the United  States.

　　The pre-meter market in the United States dominates  demand, and  household-side energy storage has started high growth. In  the past ten years,  California contributed 54% of the installed energy  storage capacity, and 45% of  the energy storage was used for the  time-shift of pre-meter energy. It is  expected that by 2025, the market  before and after the table will be  balanced.

　　The industry  estimates that in 2025, the market space in the US before the  table  will reach 25.3GWh, including 19.3GWh of energy storage capacity for new   energy power generation, 0.7GWh of frequency regulation capacity, and  5.3GWh of  peak regulation capacity. GWh, industrial and commercial  energy storage  16.3GWh.

　　Such a booming US energy storage market  has naturally attracted strong  interest from Chinese companies. As  early as 2015, BYD energy storage landed in  the North American market.  Invenergy LLC, a world-renowned clean energy company,  announced in  Chicago the official launch of a 31.5MW commercial energy storage   project in Illinois; Invenergy's 31.5MW energy storage project in West  Virginia  was also officially launched, both of which use BYD  containers. type of energy  storage system.

　　CATL announced in  2019 that it planned to enter the US energy storage  market. In March of  that year, it received a purchase order for 1.85GW lithium  iron  phosphate batteries from Powin Energy, an American energy storage plant;  in  early 2021, CATL delivered a 220MWh lithium battery energy storage  system to  Hill Country, Texas, USA.

　　In March of this year, CATL  became an energy storage battery supplier for  U.S. utility company  Duke Energy. Duke Energy announced that the company has  completed the  deployment of three battery energy storage systems in Florida,  with a  total scale of approximately 34.5MW/58MWh. The batteries of the   above-mentioned battery energy storage systems are all provided by  CATL.

　　In August 2021, EVE Lithium Energy signed a two-year  master supply  agreement with Powin Energy, an American energy storage  system integrator.  According to the agreement, EVE Lithium will become  the battery supplier of the  Powin Energy battery energy storage system  (BESS) project, and will supply at  least 1GWh of LFP batteries and  provide them with a 20-year life "warranty".

　　In September, Kelu  Electronics successfully delivered the first phase of  the 14MW/46.3MWh  energy storage project in Indiana, USA, and won its second  phase of the  24MW/63MWh lithium battery energy storage project. It is understood   that the second phase of the project will use 280Ah large batteries.  Recently,  Kelu Electronics publicly stated that since 2019, the  company's grid-level  energy storage projects in the United States have  exceeded 150MWh, and its  market share has grown rapidly.

　　In  November, Narada Power provided 22 energy storage containers for Texas,   the United States, with a total installed capacity of 130MWh, using   self-developed lithium iron phosphate batteries, which arrived at the  project  site in December. This project is an overseas project of Narada  Energy Internet.  The first wind power + energy storage project with a  capacity of more than 100  MWh.

　　Sungrow has occupied the market  in many places in the United States. For  example, the 1MW/2.2MWh  project in Missouri, the 15MW/32MWh project in  Massachusetts, the  10MW/42MWh project in Texas, and the 5MW+1.5MW/3.836MWh  large-scale  photovoltaic energy storage project in Florida. At present, it has   formed an all-round layout in North America that combines industrial  and  commercial, grid-side energy storage, and power generation-side  solar energy  storage.

　　SES Power has nearly ten years of  experience in customized services for  battery energy storage products.  We began to test the US energy storage market  as early as 2014, but at  that time, the cost of lithium batteries, especially  lithium iron  phosphate batteries, was high, which was a serious problem. It  hinders  the promotion of battery energy storage systems. However, with the   accelerated development of the lithium battery industry, the cost of  lithium  batteries has gradually decreased, and it is approaching the  critical point of  sustainable profitability of clean energy. Coupled  with the strong stimulus that  the global carbon neutrality action is  really starting to be implemented,  battery energy storage products  naturally have a huge market impetus.

　　Of course, large-scale  battery energy storage projects are far away from  the needs of ordinary  people, so SES Power has launched lithium iron phosphate  batteries  that can directly replace lead-acid batteries, such as 12V100Ah  lithium  iron phosphate batteries with square aluminum shells using EVE, CATL,   and BYD, 24V100Ah, 36V100Ah, 48V100Ah, we use them to cooperate with  inverters  and photovoltaic power generation panels, and finally  integrate them into a  cost-effective home energy storage system. We are  quite optimistic about the  development of the US energy storage  market.