Latest News in Energy Storage
Top Headlines
Changan Automobile Announces New Battery Supplier – Huizhou Yiwei Lithium Energy Co., Ltd. has announced that its subsidiary, Hubei Yiwei Power Co., Ltd., has received notification from Changan Automobile regarding designated suppliers for HEV battery assemblies and related components. The project’s progress remains uncertain, and the actual supply volume will depend on formal sales orders, making the impact on this year’s performance unclear.
32 Energy Storage Patents Revealed – Recent data from the National Intellectual Property Administration shows that a total of 32 core patents for energy storage systems have been disclosed. This includes 4 patents related to grid-type storage and 4 concerning storage safety. The trend indicates intensified technological competition in the energy storage sector as it progresses towards higher quality standards.
Jiaze New Energy Plans to Invest in Shared Energy Storage Station – Jiaze New Energy announced plans to invest approximately 410 million yuan in a 100MW/400MWh shared energy storage station in Mishan, Heilongjiang Province. The investment will be phased based on project progress.
China Power Construction Signs 23 New Energy Storage Projects – From January to February 2025, China Power Construction Corporation reported signing 23 new energy storage projects worth a total of 3.3 billion yuan, including two contracts exceeding 500 million yuan.
Midea’s Renewable Energy Subsidiary Reports 303% Revenue Growth – HeKang New Energy disclosed that it achieved 4.776 billion yuan in revenue for 2024, marking a 220.31% increase year-on-year, with a net profit of 10.296 million yuan, reversing previous losses.
Tailin Microelectronics Projects Strong Growth – Tailin Microelectronics expects a net profit of 35 million yuan for Q1 2025, a significant turnaround from a loss of 440,590 yuan in the same period last year, driven by historical sales growth.
Avita Launches Limited Edition Model – Avita has officially launched its limited edition Avita 012, priced at 700,000 yuan, with only 700 units available globally. This model features unique design elements developed in collaboration with Kim Jones.
Shunluo Electronics Enters Solid Oxide Battery Market – Shunluo Electronics announced its focus on developing solid oxide batteries, which are known for high energy conversion efficiency and wide fuel adaptability, suitable for various applications including distributed off-grid power supply.
Canadian Solar Expects Significant Energy Storage Shipment in 2025 – Canadian Solar has projected energy storage system shipments exceeding 11GWh in 2025, supported by its ongoing growth in the energy market.
CATL Receives Approval for H-Share Issuance – Contemporary Amperex Technology Co., Limited (CATL) announced it has received approval from the China Securities Regulatory Commission to issue up to 220,169,700 overseas listed shares.
Haosen Intelligent Develops Solid-State Battery Technology – Haosen Intelligent has reported advancements in solid-state battery module manufacturing and is exploring new applications across various industries.
Hebei Independent Energy Storage Project Tender Announced – The tender for a 300MW/1200MWh independent energy storage project in Hebei has attracted bids ranging from 0.5652 to 0.5658 yuan/Wh.
Electric Vessels Set to Expand – With continuous advancements and decreasing costs, the electric vessel market is poised for significant growth, with new projects emerging, such as the first domestically classified all-electric tourist ship in Fujian.
BYD Partners with Greenvolt for Battery Storage Projects – BYD has signed an agreement with Portugal’s Greenvolt Group to develop two battery energy storage systems in Poland, totaling 400MW/1.6GWh.
Battery Cooling Solutions Applied Across Industries – Baolong Technology has revealed that its cooling plate products are now utilized in automotive battery packs and energy storage systems, with plans to expand into more sectors.
Congo’s Cobalt Export Ban May Be Extended – The Congolese government is considering extending the four-month cobalt export ban that has significantly increased cobalt prices, as the country produces over 78% of the world’s supply.
LG Energy Solutions Partners with Delta Electronics – LG Energy Solutions has announced a strategic partnership with Delta Electronics to supply 4GWh of residential energy storage system batteries in the U.S. by 2030, enough to power over 400,000 households daily.
