U.S. Large-size Energy Storage:
As per the estimations by EIA, the grid-connected utility energy storage in the U.S. surpassed 1MW/1036MWh in June 2023. Impressively, from January to June, the cumulative grid connection reached 1.77GWh. Looking at the entire year, the EIA’s statistics project a substantial 9.6GW of storage systems connected to the grid, showcasing an impressive year-on-year growth of 57%. The outlook for 2024 also appears promising, with known projects indicating a grid connection of 11.6GW.
Domestic Large-size Energy Storage:
Based on BJX Chuneng’s project information, in July 2023, the bidding capacity for domestic energy storage projects amounted to 6.1GWh. This capacity distribution included 1.2GWh for EPC energy storage, 1.4GWh for energy storage systems, and 3.5GWh for framework procurement. Over the period from January to July, EPC energy storage capacity reached 18GWh, a significant increase from 7.5GWh in the same period the previous year. In terms of industry chain prices, the average price for energy storage systems was RMB 1.2/Wh for 8 projects with clear prices, while EPC energy storage recorded an average price of RMB 1.5/Wh for 5 projects with certain prices. The industry chain’s price has stabilized over the past three months.
European Household Energy Storage:
According to data from ISEA, Germany witnessed substantial growth in household storage installations during Q2 of 2023. The installation capacity of household storage reached 173,000 sets, corresponding to an installation volume of 1.5GWh, marking an impressive year-on-year growth of 200% and month-on-month of 114%, respectively. For July, rough data suggests an expected installation volume of approximately 25,000 sets, with an installed capacity ranging from 0.2 to 0.3GWh, still reflecting a robust year-on-year growth of about 40%.