Industry Update | South Power Secures a 240 Million Yuan Contract for a U.S. Data Center Project
Date: March 21, 2025
Source: China Energy Storage Network
In recent developments within the energy sector, South Power has successfully secured a 240 million yuan contract for a data center project in the United States, following their earlier success in February with a 120 million yuan contract for lithium battery equipment procurement for the same client, a leading global software company. This new order underscores the client’s recognition of South Power’s technological capabilities and service quality.
The core product of this additional order is South Power’s self-developed high-voltage, high-power lithium backup power supply system. Leveraging the advantages of lithium iron phosphate technology, this system excels in safety, energy density, intelligent control, and versatility across various scenarios, continually meeting the client’s stringent demands. Its extended lifespan of ten years, coupled with high discharge rates and rapid response capabilities, provides efficient and reliable backup power for data centers, significantly influencing the client’s decision to place this additional order.
Industry Policies
- In Jiangsu Changzhou, a new action plan for building a new energy system has been announced, aiming for a cumulative installation of 7 million kilowatts of new energy power generation by 2027.
- Chuneng New Energy has signed a strategic cooperation agreement with Telangmei for the supply of 5GWh storage cells.
- Shouhang New Energy has announced an initial public offering at a price of 11.8 yuan per share, aiming to raise approximately 487 million yuan.
- Hengchu Energy reported a 130% year-on-year increase in shipments in January and February 2025.
- Yiwei Lithium Energy plans to raise 5 billion yuan for new power and storage battery projects.
Project Progress
- A 60MW/120MWh storage project in Yibin, Sichuan, has officially launched.
- A 10GWh sodium battery production facility is set to be established in Hunan with an investment of approximately 5 billion yuan.
- In Baoding, Hebei, a 100MW/200MWh independent storage project has successfully connected to the grid.
- In Dongguan, Guangdong, a 1.6MW/3.44MWh user-side storage project has commenced operations.
International News
- JinkoSolar and AIS GmbH have signed a strategic agreement for a 66.5MWh solar and storage project in Germany.
- Shanxi Lubao Group has successfully delivered a 10MWh all-vanadium flow battery system to a mining energy project in Arizona, USA.
- Canadian Solar has secured a contract for a 100MW/576MWh battery storage system with Strata Clean Energy in Arizona.
