[SMM Analysis] China's energy storage bid winning capacity declined slightly in January, stand-alone energy storage projects increased

Published: Feb 7, 2024 18:04

Source: SMM

Save

[SMM Analysis: China's energy storage bid winning capacity declined slightly in January, stand-alone energy storage projects increased] According to SMM, based on the EPC/system bid winning results of energy storage projects tracked by SMM in January, the total capacity reached 1.6GW/3.0GWh. The capacity of bid wins in a single month declined compared to December. The largest bid winning volume this month came from...

Based on the EPC/system bid winning results of energy storage projects tracked by SMM in January, the total capacity reached 1.6GW/3.0GWh. The capacity of bid wins in a single month declined compared to December. The largest bid winning volume this month came from the EPC general contracting project for Phase I of the 100MW/200MWh Guanling Yueliangwan electrochemical energy storage power station, with the energy storage power station having a capacity of 100MW/200MWh. The planned site of the energy storage power station is 3.2km west of Guanling County, Anshun City, Guizhou Province. It is an electrochemical energy storage power station adopting lithium iron phosphate lithium batteries. The operation mode of the energy storage power station focuses on smoothing renewable energy power plant output and peak shaving, while taking into account a certain frequency regulation capability. In terms of prices, the average bid winning price of 2-hour energy storage systems was RMB 0.74/Wh, still at low levels; the average bid winning price of 2-hour energy storage EPC was RMB 1.22/Wh, with little change compared to December. Entering 2024 Q1, most energy storage projects are still in the demonstration phase, and bid winning capacity declined notably. It is worth mentioning that based on the project information tracked by SMM, the proportion of shared energy storage projects increased markedly. Currently, problems of low utilization

Energy Storage Anode Materials New Energy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

11 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

11 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

11 hours ago