Shenghong Co., Ltd. has revealed that the demand for energy storage in emerging markets such as the Middle East is growing rapidly, prompting innovations in energy storage business models. On March 11, during an investor relations event, the company expressed its optimistic outlook for the future development of the energy storage market.
From a domestic perspective, policies are driving the full marketization of new energy electricity prices. The demand for energy storage is shifting from being “policy-driven” to “value-driven,” which will accelerate innovations in energy storage business models and lead to a natural selection among domestic companies. In this evolving landscape, leading enterprises with advanced technology and cost control capabilities are expected to gain a competitive edge.
On the international front, in addition to traditional markets in Europe and North America, the demand in emerging markets like the Middle East is also on the rise. The global energy storage market is witnessing a blossoming effect, and Shenghong Co., Ltd. remains optimistic about the global energy storage market outlook for 2025 and beyond. The company plans to continuously adapt to market changes by enhancing product capabilities and understanding customer needs, thereby improving its competitiveness in the industry.
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