2 billion yuan! 6GWh Battery Project Settled in Anhui

Recently, Lujiang High-tech Zone and Suzhou Binai New Energy Technology Co., Ltd. held the signing ceremony of the annual output of 6GWh new energy vehicle power Zengchengbao and industrial and commercial energy storage project. The total investment of this

plan is 2 billion yuan to build a new energy vehicle power Zengchengbao and industrial and commercial energy storage project with an annual output of 6G Wh.

In recent years, the hot energy storage track has attracted many listed companies to compete for layout. From energy storage batteries, energy storage lithium BMS to energy storage inverters and energy storage converters, the investment enthusiasm of listed companies has not diminished.

On May 22, Penghui Energy announced that it planned to build an annual 36 GWh energy storage battery project in Chengyang District of Qingdao City, with a total investment of about 13 billion yuan.

On May 24, Ningde Times New Energy Technology Co., Ltd. and Jingao Solar Energy Technology Co., Ltd. signed a strategic cooperation agreement during the SNEC exhibition in Shanghai.

On the same day, BYD also announced that the company's new cube energy storage system products based on blade batteries will be launched simultaneously at home and abroad in 2023. The accelerated layout of energy storage by various

enterprises is closely related to the sustained growth of energy storage market demand.

Under the background of national energy transformation and carbon neutral strategy, energy storage battery is an important part of power system reform and new energy power construction. According to

the data, in 2022, the global power battery shipment volume was 684.2G Wh, with a year-on-year growth of 84.4%; the energy storage battery shipment volume was 159.3G Wh, with a year-on-year growth of 140.3%, and the energy storage battery market growth rate has surpassed the power battery.

The industry expects that the cumulative scale of new energy storage will reach 97.0 GW in 2027, with a compound annual growth rate of 49.3% in 2023-2027.