Energy Storage Updates
The North Star Power News Network provides you with the latest information on energy storage, helping you stay informed about recent developments in the industry. For more insights on energy storage, please continue reading.
Global Energy Storage Industry Overview
The 2024 Global Energy Storage Industry Chain Data and China Energy Storage Company Rankings have been released. This data includes major players like EVE Energy, Zhongtian Energy Storage, Ronghe Yuanchu, Goldwind Zero Carbon, Trina Storage, Ruiyuan Electric, Yishite, XJ Electric, and Zhiguang Energy Storage.
On March 28, 2025, the “7th Energy Storage Carnival and Release of 2024 Global Shipment Rankings” organized by EESA took place at the Westin Hotel in Hanyang, Wuhan. The event highlighted the leadership of EVE Energy in the energy storage sector.
Smart Energy Initiatives
Recently, Lin Yang New Energy partnered with Huawei Digital Energy to advance their smart station renovation business. From March 26-27, the 2025 Huawei Digital Energy Partner Conference was held at the Shenzhen International Convention and Exhibition Center, focusing on themes of “Carbon Path China and Value Co-creation.” Lin Yang New Energy was invited as a key partner.
New Energy Installations
In 2024, approximately 188.5 GWh of new energy storage capacity was added globally. The “2025 White Paper on the Development of China’s New Energy Storage Industry” will provide in-depth analysis on the state of the new energy storage market, application scenarios, technological trends, and the opportunities and challenges within the sector.
On March 26, a significant solar power project began construction in Zuo Yun, Shanxi, with a total capacity of 1.6 million kW. This project integrates wind, solar, thermal, storage, and grid technologies, aiming for a total of 6 million kW of renewable energy generation.
Innovations in Clean Energy
JA Solar’s innovative project, the world’s first “JA Solar Villa,” was successfully delivered in Suzhou. This project utilizes high-efficiency solar panels and smart storage systems to promote clean energy usage in residential areas, achieving high generation efficiency and uninterrupted power supply.
Recent Developments in Energy Storage Projects
From March 24-28, several energy storage projects made significant progress, including a 100 MW/300 MWh user-side project, which is now under construction. Meanwhile, in a surprising development, a controlling shareholder of a lithium carbonate company has exited, resulting in a complete transfer of shares.
Furthermore, research on all-vanadium flow batteries has gained momentum due to their inherent safety and flexibility. Despite their advantages, all-vanadium batteries still hold less than 1% market share in new energy storage.
New Market Opportunities
Wolong Real Estate is expanding into the renewable energy sector, focusing on distributed photovoltaic power stations. The company currently holds significant stakes in Zhejiang Longneng Electric Technology Co., Ltd. and Wolong Energy Storage Systems Co., Ltd.
To support high-quality industrial development, recommendations for enhancing the hydrogen energy sector are being implemented, including applications for hydrogen-fuel vehicles, drones, and multi-energy supply systems.
Collaborations and Technological Advancements
Recently, Chint Power signed a cooperation agreement with a Turkish client to develop commercial energy storage solutions. This collaboration aims to set a benchmark project in Turkey’s commercial energy storage market.
Ganfeng Lithium has also entered into a strategic agreement with Xingyun Co., focusing on solid-state battery technology and integrated energy storage solutions, driving forward the efficiency and sustainability in the new energy sector.
Financial Reports and Market Insights
Tianeng Power’s 2024 annual report emphasizes its focus on hydrogen fuel cells and plans to diversify into various applications, including electric vehicles and backup power systems.
In an effort to stimulate consumer spending, Hunan Province has launched an action plan encouraging participation in charging infrastructure development.
Yunnan Province has reported a clean energy installed capacity exceeding 130 million kW, with ongoing projects in hydropower and pumped storage energy systems.
Emerging Technologies
SMA, a leading inverter manufacturer, has introduced a new large-scale storage solution, the Sunny Central Storage UP-S, designed for grid-side applications.
Beijing is addressing challenges in integrating renewable energy projects into the grid, emphasizing the importance of energy storage technologies in facilitating this transition.
Recent market updates also indicate the development of solid-state batteries, which theoretically achieve energy densities of 400-600 Wh/kg, significantly higher than conventional lithium-ion batteries.
Upcoming Projects and Contracts
A significant contract for a 250 MW/750 MWh energy storage system in Shaanxi has been announced, with procurement candidates now under review. This project aims to enhance the region’s energy storage capabilities.
Finally, the full text of the regulations on renewable energy development in Beijing has been released, promoting inter-regional green electricity trading and the establishment of energy storage facilities.
