Sou Hu Cai Jing·2025-05-23 08:40Group 1 - Chinese energy storage companies are experiencing a surge in overseas orders, with a total of over 13 GWh of storage contracts secured since May, including significant agreements from BYD and other firms [2][3] - The first quarter of 2025 saw Chinese companies' overseas storage order volume approaching 100 GWh, representing a year-on-year increase of 756.72% [2] - Major markets for these orders include Latin America and Europe, with specific projects in Chile and Turkey highlighting the growing demand [2][3] Group 2 - The European market is expected to become a new hub for large-scale storage, with countries like Germany, the UK, and Italy leading the way, while Spain is anticipated to emerge as a significant market [3][4] - Forecasts indicate that by 2025, Europe will see an addition of 27 GWh in new storage installations, a 41% year-on-year growth, with Italy maintaining its position as the largest storage market in Europe [4] - Emerging markets in Southeast Asia, Latin America, and the Middle East are also becoming new areas of opportunity for Chinese energy storage companies, with significant projects underway [6][7] Group 3 - Several major energy storage companies are expanding their production capacity overseas to capture the growing market, with significant investments in Hungary and Indonesia for battery manufacturing [7] - Notable projects include a 5 GW + 19 GWh solar-storage project in the UAE and a 12.5 GWh storage project in Saudi Arabia, showcasing the scale of international contracts being secured [6][7] - The demand for energy storage solutions is expected to continue rising, driven by energy transition initiatives and increasing investments in renewable energy [4][6]