On the evening of July 15, Sungrow and Great Power successively released their latest investor relations activity records, disclosing their most recent business progress.
Sungrow: Optimistic About Energy Storage Market Growth in Europe and the US
On July 15, Sungrow stated that demand in the European and US energy storage markets remains strong. Energy storage integration projects for AI data centers (AIDC) are gradually being implemented and are expected to become a new growth engine for the company's energy storage business.
Among these, AIDC-paired energy storage in North America shows broad prospects. The company believes that compared to traditional energy storage projects, AI data center customers pay more attention to product quality and delivery capabilities while being relatively less sensitive to prices. Consequently, the overall profitability of this business segment is expected to outperform traditional energy storage.
Meanwhile, the European energy storage market has achieved better-than-expected development. Addressing the pain points of high renewable energy penetration and weak power grids in Europe, the grid-forming energy storage systems provided by Sungrow can effectively help resolve power supply stability issues. Looking ahead, Europe will remain one of the most attractive energy storage markets globally.
Given the rapid growth of the energy storage market, Sungrow's strategy is to fully leverage its advantages in "three-power integration" (the deep integration of power electronics, electrochemistry, and grid support technologies). The company aims to deeply cultivate various application scenarios, drive continuous innovation, and achieve ongoing product iterations and leadership. This integration allows their systems to perfectly adapt to energy storage needs in various scenarios, maintaining the company's leading position in the industry.
Great Power: New Production Lines Expected to Go Online in Q4
On July 15, Great Power stated during an investor exchange activity that, benefiting from the continuous rise in the prosperity of the energy storage industry, the company experienced robust production and sales in the first half of the year. Increased sales orders have driven significant growth in its operating performance.
In the first half of the year, the company's major products basically maintained a state of full production and sales, with shipments of energy storage battery cells in the second quarter growing further compared to the first quarter.
As demand in the energy storage market remains strong in the second half of the year, the company's existing capacity is nearing saturation. The new production lines will be compatible with the production of mainstream energy storage cells, including 314Ah and 588Ah, and are expected to be put into operation in the fourth quarter or by the end of the year, further enhancing the company's supply capacity.
In terms of new business layout, Great Power stated that for AIDC battery products, the focus this year will be on advancing customer factory audits and product qualification, aiming to achieve mass supply next year.
Source：EnergyTrend