Sharp Decline in Lithium Carbonate Price Leads to 50% Drop in Energy Storage Tender Price

【Lithium Carbonate Price Decline Leads to Nearly Halved Energy Storage System Tender Price】

Since the beginning of the year, the newly installed capacity of new energy storage dominated by lithium batteries has reached a new high. According to public data, as of the end of the third quarter, China's newly installed capacity of new energy storage exceeded 25.5 gigawatt-hours, a year-on-year increase of over 920%. However, with the scale growth of domestic energy storage systems, market tender prices continue to hit new lows. The total tender volume for the entire market this year has doubled compared to last year. According to SMM statistics, as of November this year, the total amount of energy storage projects awarded in China is **GWh. However, the prices have nearly halved from the beginning of the year to now. SMM statistics show that the tender price for 2-hour lithium iron phosphate energy storage systems in November has dropped by 46% compared to the beginning of the year, and the tender price for 2-hour lithium iron phosphate energy storage EPC in November has dropped by 26% compared to the beginning of the year.