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Since 2022, China has been the leading market for industrial and commercial energy storage installations globally. In 2024, China’s newly added capacity for industrial and commercial energy storage is expected to reach approximately 8.2 GWh, representing a year-on-year increase of 72% and accounting for 64.32% of the global total. China has established itself as an absolute pioneer in the application and practice of industrial and commercial energy storage.
In 2024, the global residential energy storage market is projected to add around 18.6 GWh of capacity, while the new energy storage market is expected to see an increase of about 188.5 GWh. The 2025 China New Energy Storage Industry Development White Paper will provide in-depth analysis across five key areas: the overview of the new energy storage market in China, the state of energy storage applications, the development trends of new storage technologies, the integration of digital intelligence with the energy storage industry, and the opportunities and challenges in the energy storage market.
Recently, Zhejiang Chint Power signed a cooperation agreement with a Turkish client to create a model project for industrial and commercial energy storage. This collaboration aims to leverage Chint’s 125 kW/261 kWh industrial and commercial energy storage system, which boasts excellent technical performance and flexible application scenarios, potentially setting a benchmark for storage solutions in Turkey.
In other developments, Huawei Digital Energy recently highlighted optimizations in the delivery of new generation residential and industrial energy storage systems, emphasizing support for partners through simplified purchasing processes and enhanced service journeys.
Additionally, Guangdong has seen the launch of its first 314 Ah semi-solid state battery production line, utilizing innovative nanotechnology to achieve long cycle life and high safety performance, suitable for various applications including industrial energy storage systems.
The competitive landscape in the international energy storage battery market has formed a new triad of leading companies, with substantial advancements in technology and market strategies. As the overseas industrial and commercial energy storage market experiences rapid growth starting in the second half of 2024, product diversity and capacity variations are becoming more pronounced.
Chint Power’s recent agreements mark significant breakthroughs in overseas markets, while LG Energy has announced a strategic partnership aimed at expanding the residential energy storage market in the United States.
With the ongoing transformation and demand for energy storage solutions, companies like GCL-Poly Energy and Hengxin Li Energy are continuously innovating to meet emerging market needs. The evolution of energy storage capabilities and technologies will likely continue to reshape the industry, ensuring that energy systems are both efficient and sustainable.
As the energy landscape evolves, the need for effective energy management solutions becomes increasingly critical, with industrial and commercial energy storage playing a pivotal role in achieving cost reductions and operational efficiencies for businesses.
For more updates and news on industrial and commercial energy storage, stay connected with the Polar Star Power Network.
