analysis of five major trends in the energy storage industry chain-皇冠彩票网址

whether in terms of policy, expansion pace, or new year orders, energy storage has shown strong explosive power. with the changes in the supply and demand relationship of raw materials, the participation of energy storage in the electricity market mechanism entering the deep water zone, and the emergence of a new competitive relationship for energy storage, the energy storage industry chain will have at least five major "development trends" in 2023.
trend 1: energy storage gross profit margin upward
in 2022, concerns about the gross profit margin of energy storage continued throughout the year, and "increasing income without increasing profits" became the norm.
public data shows that in the past two years from early 2021 to the end of 2022, battery grade lithium carbonate has increased by over 10 times. the prices of upstream core raw materials have skyrocketed, with an increase of 30% to 50% in the price of energy storage systems.
but since the end of 2022, the cost pressure of raw materials such as lithium carbonate has been alleviated. from december 2022 to february 2023, lithium carbonate has maintained a continuous decline trend for three months, with the average price of battery grade lithium carbonate dropping below 450000 yuan/ton, a decrease of over 150000 yuan/ton compared to the highest point in early november last year, and the current price is still further exploring.
in addition, since 2022, the layout of energy storage battery production capacity has accelerated, especially the 280ah battery production capacity will be more concentrated and released in q1 2023. in 2023, with a significant decrease in the cost of lithium carbonate and the four main materials, coupled with the accelerated release of energy storage battery production capacity, the gross profit margin of energy storage is showing an upward trend.
trend 2: technology trends in depth
yin xiaoqiang, the head of global energy storage at byd, once predicted to gaogong energy storage that the market competitiveness of energy storage cultivated in china's current environment will be stronger than overseas. energy storage should explode soon in 2023.
in addition to the market, this explosion is becoming increasingly evident in terms of technological competition. from the perspective of the battery side, in 2023, energy storage will have a great and obvious trend, and byd blade batteries, 300ah and above high-capacity battery cells and other batteries with industrial competitiveness will accelerate their penetration into energy storage.
byd blade battery is the industry's first square aluminum shell laminated power battery, which has passed all vehicle level battery tests, including needle testing. in 2023, byd's blade battery version energy storage system was introduced. byd stated that this is a system product specifically designed for energy storage, which can solve the pain points faced by the energy storage industry in terms of safety, cost, lifespan, and efficiency.
in addition, large capacity energy storage cells have become one of the important highlights of energy storage batteries. since 2022, haichen energy storage, ruipu lanjun, yiwei lithium energy, tianhe energy storage, yuanyuan power, and haiji new energy have successively released large capacity energy storage cells. from the perspective of production capacity, technology, and product layout trends of various battery factories, the competition based on capacity, cycle times, etc. will further sublimate in 2023.
from a system perspective, the racing trend of safer and more efficient energy storage systems is further evolving. in 2022, haibo sichuang developed a new generation of hypersafe series intrinsically safe solid-state battery energy storage system products for different application scenarios such as household use, energy storage power plants, and industry and commerce; sunshine power has released a full series of liquid cooled energy storage solutions, powertitan and powerstack, for large-scale ground and industrial and commercial power plant application scenarios; trinastorage element for 10000 cycles of liquid cooling system released by tianhe energy storage; xinfengfeng and others have released high-voltage grade federal reserve grid connected products
accelerated racing of systems targeting various application scenarios, such as string based, centralized, distributed, high-voltage cascaded, and modular energy storage systems. in 2023, with the acceleration of various energy storage application scenarios, the trend of "hundred schools of thought contending" in this technology will further intensify.
trend 3: electric power mechanisms entering deep water zones
on the policy side, the "implementation plan for the development of new energy storage in shuozhou city during the 14th five year plan" has initiated the "signal" of the 2023 local energy storage development program document.
the "shuozhou plan" proposes that shuozhou city will transform its new energy storage from initial commercialization to large-scale development by 2025, and achieve comprehensive market-oriented development of new energy storage by 2030.
in addition to programmatic documents, the reform of the national electricity market has accelerated. on february 1st, the energy supervision office of fujian province released the "basic rules for the operation of fujian electric power market (trial)". this rule stipulates that emerging market entities, including energy storage enterprises, load aggregators, adjustable loads, etc., can participate in the fujian electricity market.
it is worth noting that the fujian power market is divided into two parts: the wholesale electricity market and the retail electricity market. the wholesale electricity market is composed of the electricity energy market and the auxiliary service market. when the time is ripe, a capacity market will also be developed. the wholesale electricity market will become the main target market for energy storage in 2023.
the development plan for energy storage in shuozhou and the reform of the electricity market in fujian are just a microcosm. in 2023, there will be further refinement of energy storage policies.
trend 4: overall acceleration of expansion and production
from the perspective of expansion and production at the beginning of 2023, energy storage batteries and energy storage systems are mainly used, and from the perspective of energy storage battery technology categories, lithium-ion batteries are still the majority, but it is also noted that the industrialization of new energy storage such as fluid flow batteries and flywheel energy storage is also gradually advancing.
from the perspective of expansion and production, since 2023, the scale of expansion has been at the gwh level. yiwei lithium, shenghong group, avic lithium, juwan technology research, shuangyili energy storage, xiongtao co., ltd., ganfeng lithium, zhuoyang energy, kubo energy and other accelerated energy storage tracks are racing, with shenghong group and yiwei lithium having larger scales.
as a cross-border listed company, shenghong group plans to invest 30.6 billion yuan in zhangjiagang, jiangsu to build a 60gwh energy storage battery super factory and a new energy battery research institute.
starting with the expansion of production by yiwei lithium energy, shenghong co., ltd., juwan technology research, lanjun new energy, zhuoyang energy, etc., the competition for the whole year has begun to take shape. among them, the expansion of production by shenghong group, zhuoyang energy, and other related enterprises represents the acceleration of cross-border cooperation; the expansion of production by yiwei lithium energy, juwan technology research, xiongtao co., ltd., and ganfeng lithium industry means that power track enterprises are accelerating their expansion into the energy storage field. in 2023, the energy storage industry will not only compete further in terms of production capacity, but also means that the energy storage race will be further upgraded.
trend 5: more frequent orders and holding hands
in 2022, the trend of large-scale energy storage development has begun to take shape, and this growth momentum is continuing in 2023.
from the perspective of the opening year orders, there is a clear signal of a "surge" in energy storage. taking haichen energy storage as an example, its opening year orders have landed one after another. since the beginning of the year, haichen energy storage has signed and won over 10 billion orders, involving a total of over 20gwh. during the spring festival holiday, the production task volume of haichen energy storage increased by more than five times compared to the same period.
similarly, many enterprises have also gained a lot from "going abroad" in the beginning of the year. in the beginning of 2023, byd's 543mwh cube pro liquid cooled energy storage system will be deployed in the las vegas region. the project will begin construction in the second quarter of 2023 and is expected to be put into commercial operation by the end of the year. tianhe energy has once again won over 100 mwh of energy storage orders in overseas markets and will apply the liquid cooling system trinastorage element in the uk.
it can be foreseen that with the surge of the energy storage market, enterprises in various energy storage industry chains will further accelerate breakthroughs in orders and enterprise cooperation.