TrendForce Consulting's "China Energy Storage Industry Tendering Database" It shows that in October 2026, domestic energy storage tenders were 32.2 GWh; the successful bid scale reached 53.6 GWh; the average price of 4-hour energy storage systems was RMB 0.62/Wh, a significant increase from the previous month.
EPC and energy storage system bidding volume halved month-on-month
According to incomplete statistics from TrendForce, In October 2026, new domestic energy storage bidding volume reached 11.2 GW/32.2 GWh, down 52% and 55% respectively month-on-month, EPC and energy storage system bidding volume Cut in half compared to the previous period.
The new bidding volume of EPC projects was 9.1 GW/25.8 GWh, a month-on-month decrease of 53% and 55% respectively. There were fewer GWh-level EPC projects this month, with only 3. Ningxia had two 2 GWh projects, ranking first with a 6 GWh bidding volume. In addition, Inner Mongolia, Xinjiang, and Shanxi all had monthly bidding volumes exceeding 2.5 GWh.
The new bidding volume of energy storage systems was 2.1 GW/6.4 GWh, a month-on-month decrease of 43% and 52% respectively. There was a lack of support from large-scale centralized procurement/framework procurement projects this month, and some projects did not disclose the bidding scale, so the system bidding scale dropped significantly.
Industrial and commercial energy storage accounts for only 1%
In terms of bidding types, the independent energy storage bidding volume is 10.5 GW/30.5 GWh, accounting for 67% of the capacity, and Ningxia leads the way with a 6 GWh bidding scale; the frame procurement/collection procurement project bidding volume is 13.64 GWh, accounting for 30%; the renewable energy distribution and storage bidding volume is 0.5 GW/1.05 GWh, accounting for 2%; Industrial and commercial energy storage accounts for only 1%, mainly concentrated in Guangdong..
The energy storage winning bid in October was 53.6 GWh
TrendForce's "China Energy Storage Industry Tendering Database" Data show that in October 2026, the newly won bids for domestic energy storage were 15.6 GW/53.6 GWh, down 4% and 7% respectively from the previous month, and EPC projects accounted for more than 80%.
New EPC project winning bids amounted to 13.5 GW/43.3 GWh, down 7% and 9% respectively from the previous month. Inner Mongolia has completed a single 6 GWh ultra-large project, and Ningxia has completed a single 4 GWh ultra-large project. The two places ranked top two in terms of winning bids, with 9.22 GWh and 6.8 GWh respectively.
The newly won bids for energy storage systems were 2.1 GW/10.3 GWh, with a month-on-month increase of 17% on the power side and a 1% decrease on the capacity side. Among them, China National Nuclear Corporation’s 2.98 GWh lithium iron phosphate energy storage system centralized procurement and POWERCHINA’s multiple energy storage system equipment procurement projects contributed to the core increase.
4-hour energy storage system and EPC project prices rise
In October 2026, the overall energy storage bidding price will diverge, and the prices of 2-hour energy storage systems and EPC projects will fall slightly. Prices of 4-hour energy storage systems and EPC projects have increased significantly.
The winning bid price range for the 2-hour energy storage system was 0.57-RMB 1.06/Wh, and the weighted average price was RMB 0.58/Wh, a month-on-month decrease of 2%.
The winning bid price range for the 4-hour energy storage system was 0.51-RMB 0.83/Wh, and the weighted average price was RMB 0.62/Wh, a month-on-month increase of 17%.
The winning bid price range of 2-hour energy storage EPC is 0.74-RMB 1.25/Wh, and the weighted average price is RMB 1/Wh, a month-on-month decrease of 2%.
The winning bid price range of 4-hour energy storage EPC is 0.67-RMB 1.22/Wh, and the weighted average price is RMB 0.88/Wh, a month-on-month increase of 12%.
Source：EnergyTrend
