[SMM Weekly Review] 5.23-5.29, Weekly Price Trend Analysis of ESS DC-side Battery Cabin

This week, the prices of DC-side battery cabins continued to show a slight downward trend. The average price of 5MWh DC-side battery cabins was 0.43 yuan/Wh, while the average price of 3.44/3.77MWh DC-side battery cabins was 0.437 yuan/Wh. This week marks the last week before the full marketization of on-grid tariffs for incremental projects under Document No. 136. The uncertainty surrounding the economic viability of energy storage allocation for future new energy projects will lead to a decrease in energy storage demand. Energy storage integrators are adopting a price war strategy to secure existing orders in the market, resulting in a slight decline in the prices of DC-side battery cabins this week. SMM expects that the prices of DC-side battery cabins may continue to decline slightly in the short term.

On May 28, the winning bid result for the engineering, procurement, and construction (EPC) section of the 400MW/800MWh ESS power station project in Pingding County was announced. The project is located in Pingding County, Yangquan City, Shanxi Province. It plans to construct a 400MW/800MWh prefabricated container-based energy storage station, including battery containers, PCS step-up integrated machines, and a new 220kV step-up substation. The bid winner offered a price of 101.49 million yuan, which translates to a winning unit price of 1.269 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