Xin Lang Cai Jing·2026-02-24 11:06Core Insights - The energy storage market in January 2026 shows significant fluctuations, with a notable increase in storage prices and a resurgence of centralized procurement by state-owned enterprises [1][17]. Group 1: Market Overview - In January 2026, the total bidding segments for energy storage systems reached 45, with a combined capacity of 2.513GW/7.067GWh (excluding centralized procurement) [1]. - The total winning bid scale for energy storage systems was 2.015GW/5.729GWh, reflecting a month-on-month decrease of 23% and 18.3% respectively [17]. - The bidding scale for energy storage systems was 1.19GW/2.92GWh, showing a significant month-on-month decline of 69% and 73% [17]. - The centralized procurement scale for energy storage equipment was 46.15GWh [17]. Group 2: Price Trends - The average winning bid price for 2-hour energy storage systems increased by 17.9%, ranging from 0.3707 to 0.6152 yuan/Wh [17][23]. - The average winning bid price for 4-hour energy storage systems rose by 4.2%, with prices ranging from 0.42 to 0.6314 yuan/Wh [17][23]. Group 3: Leading Companies - BYD led the market with a total winning bid of 1280MWh, including projects for Guotian Energy and China Power Construction [19][20]. - Xingcheng Power ranked second with a winning bid of 1200MWh, primarily from a project with China Power Construction [20]. - CRRC Sifang secured third place with a winning bid of 800MWh for a project in Delingha [21]. - Other notable companies in the top ten include Zhiguang Energy, Dikai Electric, and Zhongtian Energy, each with a winning bid of 400MWh [21]. Group 4: Major Projects - The largest user-side energy storage project in January was awarded to Hongzheng Energy, Hengli Source New Energy, and Shixing Technology, supplying approximately 188MW/393MWh for a distributed energy storage project in Tengzhou Economic Development Zone [21]. - The most competitive bidding project was for the Inner Mongolia Energy Chaoyou Qianqi 150MW/300MWh energy storage system, where Xujigroup won with a bid significantly lower than the estimated price [25][26]. Group 5: Centralized Procurement Initiatives - In January 2026, several enterprises initiated centralized procurement for energy storage systems, with a total scale of 46.15GWh across 12 bidding segments [31]. - Notable centralized procurement initiatives include China National Power Investment's 12GWh procurement, which includes both energy cells and centralized storage systems [33].