GGII：2023年中国电力储能系统（交流侧）出货量达73GWh

Core Insights - In 2023, China's power storage system (AC side) shipment reached 73 GWh, with domestic market shipments at 64 GWh, reflecting a year-on-year increase of over 200% [1] Group 1: Market Trends - The bidding scale for source network-side energy storage systems reached a record high in 2023, with a cumulative bid of 88.01 GWh, up 148.9% year-on-year, and November marked the highest monthly bid at 16.67 GWh [1] - The average bidding price for 2-hour energy storage systems dropped from 1.5 yuan/Wh at the beginning of the year to 0.85 yuan/Wh by year-end, a decrease of approximately 45% [1] - The competition intensified, with over 50 and 40 companies participating in the first batch of lithium iron phosphate energy storage system procurement by Huadian Group for different segments [1] - There has been an increase in bidding for grid-structured energy storage projects in the northwest regions, with policies supporting such projects in Xinjiang, Tibet, and Fujian [1] Group 2: Industry Participation - Central state-owned enterprises are actively investing in the energy storage industry, with over 180 enterprises involved in various aspects of the energy storage supply chain by the end of 2023 [1] - These enterprises are expanding their focus from EPC to upstream battery, PACK, and integration segments, covering various technologies including lithium, lead-carbon, flow, and sodium batteries [1] Group 3: Technological Developments - The 1500V high-voltage energy storage system has become mainstream, facilitating larger capacity developments in centralized wind and solar power plants [1] - The introduction of 300Ah+ 5MWh container products is expected to replace existing 3MWh+ products in 2024 [1] Group 4: Competitive Landscape - The competitive landscape has shifted significantly in 2023, with CRRC Zhuzhou Institute and Haibosi leading in shipment volumes, while BYD and Envision Energy have improved their rankings [1] - New entrants to the top shipment list include Ruiyuan Electric, Haide New Energy, and Yunda Co., Ltd. [1] - The market share of pure integration companies is declining due to the entry of central state-owned enterprises and component suppliers, with integrated companies possessing core component technology expected to gain an advantage in 2024 [3]