Recently, Jingke Energy has issued a record of investor relations activities in November and a progress announcement of the fire accident in Shanxi Base.
Regarding the progress of the fire accident in Shanxi Base, Jingke Energy disclosed on December 1 that recently Shanxi Jingke received an advance payment of 200 million yuan from the insurance company. As of the disclosure date of the announcement, Shanxi Jingke has received a total of 220 million yuan in advance compensation from insurance companies.
Up to now, the cause and responsibility of the fire accident in Jingke Energy Shanxi Base on April 29, 2024 remain to be determined by the investigation team.
According to the record of investor relations activities in November, Jingke Energy is optimistic about the demand for energy storage next year and in the future , with less than 300 GWh expected to be installed globally this year. Next year, it will be more than 400 GWh, and the compound growth rate will remain above 30% by 2030.
For next year's energy storage system delivery target, Jingke Energy said the goal is to double growth , "will continue to focus on high-profit markets in Europe and the United States, Europe and the United States market share is expected to further increase next year."
In addition, Jingke Energy revealed that the company currently has 17 GWh energy storage system capacity and 5 GWh battery capacity. It is expected that by the end of 2026, the company will have more than 30G Wh energy storage system capacity.
The original text is as follows:
1. How does the company view the demand for global energy storage installations next year and in the medium and long term?
The company is optimistic about the demand for energy storage next year and in the future. It is expected that the global installed capacity will be less than 300 GWh this year, more than 400 GWh next year, and the compound growth rate will be more than 30% by 2030. In the domestic market, due to the stimulation of electricity market reform and capacity tariff policy, the economy ushered in a turning point to drive the rapid growth of demand; the load fluctuation problem caused by the construction of a large number of data centers in the United States, photovoltaic + energy storage is expected to become one of the solutions with the advantages of rapid delivery and good regulation performance; many countries in Europe have launched incentive policies due to the high penetration rate of wind and solar energy; The Asia-Pacific region also has high growth potential.
2. What is the regional structure of the company's energy storage system delivery this year ? How profitable is it?
The company's energy storage system delivery target this year is 6G Wh, and the overseas proportion is expected to exceed 80%, of which the high-profit market in Europe and the United States accounts for nearly 40%. Due to the lag from delivery to revenue recognition, the company's energy storage business has not yet been profitable in the first three quarters, and its profitability will be significantly improved in the fourth quarter and next year with the large-scale delivery of overseas orders and revenue recognition.
3. What is the company's target for energy storage system shipments next year? What are the main areas?
The company's energy storage system shipment target will double next year, and will continue to focus on high-profit markets in Europe and the United States. It is expected that the market share in Europe and the United States will further increase next year.
4. What is the competitive advantage of the company's energy storage over other enterprises?
Photovoltaic and energy storage customer groups are strongly related. As a global leading photovoltaic enterprise, Jinko Energy Storage can provide more convenient one-stop photovoltaic and energy storage collaborative clean energy solutions for global customers. Compared with friends, the company can reach and acquire potential energy storage customers more efficiently based on its leading overseas photovoltaic brand recognition, better global photovoltaic sales channels and deep customer accumulation.
5. The company's current self-supply and outsourcing of batteries and PCS links? At present,
the company has initially possessed the self-research capability of system integration full stack. In terms of battery core, the Company's existing 5G Wh production capacity will maintain the self-supply ratio of battery core not exceeding 40% in the future, which not only ensures the delivery resilience but also builds the technical capability. At present, the Company has also reserved the next generation 58 XAh battery core technology, which has been offline in the pilot line. In PCS, BMS and EMS, the company has initially completed the development of self-developed products.
6. How much cell and system capacity does the company currently have? Future capacity planning? At present,
the company has 17 GWh energy storage system capacity and 5G Wh battery capacity. It is expected that by the end of 2026, the company will have more than 30GWh energy storage system capacity, laying a capacity foundation for future large-scale delivery.
7. What is the production yield of the company's current battery production line? Through only five months of climbing cycle, the
company has achieved a yield of more than 98% of the core production line, which is in the leading level in the industry.
8. Recently, the company's Feihu 3 product has been officially mass-produced. What are the main performance advantages of this product? With four core technologies: multi-slicing, battery edge passivation, metallization enhancement and graphical enhancement
, Feihu 3 products achieve a leap in performance, and have six core advantages: front power up to 650-670 W, double-sided rate up to 85 ± 5%, linear attenuation only -0.35%, and temperature coefficient as low as -0.26%/℃. The anti-shadow/anti-hot spot capability is outstanding, the relative power output of 95% to 98% is still maintained under the low irradiation condition of 200W/㎡, and the multi-model coverage is suitable for full-scene application. At the global order signing ceremony, a total of 15GW was signed on the spot. This achievement not only highlights the industry's high recognition of the strength of Feihu 3 products, but also more intuitively reflects the strong demand for high-efficiency photovoltaic products in the global market.
9. Recently, the company released the latest battery world record of 27.79%. What are the latest technologies used?
The company's latest battery world record is based on TOPCon technology platform, using new passivation contact, ultra-low optical parasitic absorption technology and new metallization technology. The systematic integration of this series of technological breakthroughs has jointly promoted the battery conversion efficiency to a new height of 27.79%. It fully proves that TOPCon technology still has broad development space and strong vitality, and consolidates its leading position in the era of N-type technology.
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