[SMM Weekly Review] 5.16-5.22, Weekly Price Trend Analysis of ESS DC-side Battery Cabin

This week, the price of DC-side battery cabins experienced relatively small fluctuations. The average price of a 5MWh DC-side battery cabin was 0.43 yuan/Wh, while the average price of 3.44/3.77MWh DC-side battery cabins was 0.438 yuan/Wh. As the node for the full marketization of on-grid tariffs for incremental projects under Document No. 136 approaches, the detailed rules for the participation of energy storage in the power market mechanism are being successively introduced in various provinces. Before these rules are finalized, project owners are adopting a wait-and-see attitude. This week, the supply-demand pattern of the ESS market remained stable, with minimal price fluctuations for DC-side battery cabins. SMM predicts that the price of DC-side battery cabins may continue to fluctuate slightly in the short term.

On May 16, the winning bid result for the Engineering, Procurement, and Construction (EPC) + Operation and Maintenance (O&M) of the 1,000MW/6,000MWh power supply-side ESS project in Chayouzhongqi, Ulanqab City was announced. The project is located in Ulanqab City, Inner Mongolia Autonomous Region, with a scale of 1,000MW/6,000MWh. The bid winner offered a quotation of 6,252,099,970.35 yuan, which translates to a winning unit price of 1.042 yuan/Wh after conversion.

SMM New Energy Industry Research Department

Wang Cong 021-51666838

Yu Xiaodan 021-20707870

Ma Rui 021-51595780

Xu Ying 021-51666707

Feng Disheng 021-51666714

Liu Yujun 021-20707895

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Ren Xiaoxuan 021-20707866

Liang Yushuo 021-20707892

Wang Jie 021-51595902

Xu Yang 021-51666760

Chen Bolin 021-51666836