[SMM ESS] Weekly Report at the Beginning of the Year

[SMM Analysis] Post-Holiday Resumption Shows Stable DC Side Prices. The average price of 0.5C 5MWh battery cabins remained at 0.433 yuan/Wh; the average prices of 3.42MWh and 3.77MWh battery cabins remained stable at 0.435 yuan/Wh, consistent with pre-holiday prices.

This week, the winning bid result for the 1GW/2GWh flexible shared energy storage project in Lingshou County by Ruite New Energy was announced. Huizhou EVE Energy Co., Ltd. won the bid with 278.4 million yuan. The bidding scale for this project was 200MW/400MWh, translating to a winning unit price of 0.696 yuan/Wh for EVE. In August 2024, the first phase of this project (300MW/600MWh) is also scheduled for grid connection and operation, with EVE supplying the energy storage system. For this bid, EVE continues its collaboration with the tendering party, Beijing State Grid Electric Power Technology Co., Ltd., providing energy storage systems including battery cabins, PCS integrated machines, energy management systems (EMS), and services such as design, manufacturing, on-site installation guidance, on-site commissioning, grid-related testing, trial operation participation, assistance with handover acceptance, and equipment operation and maintenance services during the warranty period.

According to the previously announced list of bid candidates, the second candidate was Shandong Electric Power Engineering Technology Co., Ltd., with a bid price of 278.79 million yuan, translating to a unit price of 0.697 yuan/Wh. The third candidate was Sungrow Power Supply Co., Ltd., with a bid price of 257.2968 million yuan, translating to a unit price of 0.643 yuan/Wh.