Core Viewpoint - The energy storage market is entering the fourth quarter with price differentiation across the supply chain, where upstream battery cells are experiencing price increases, while downstream energy storage system integration prices continue to decline [2] Price Trends of Lithium Carbonate - The price of battery-grade lithium carbonate showed significant volatility in Q3, with an average price of 73,040 yuan/ton, down 9.59% year-on-year but up 11.89% from Q2 [3] - In September, lithium carbonate prices initially dropped due to the resumption of major lithium mines, but rebounded as demand improved, indicating a potential bottoming out [3] Energy Cell Pricing - The average price of 314Ah energy storage cells in Q3 was 0.3052 yuan/Wh, which is 0.004 yuan/Wh higher than the 280Ah cells, despite an 8.43% year-on-year decrease [6] - The lowest price for 314Ah cells increased from 0.266 yuan/Wh in early July to 0.272 yuan/Wh by the end of September [6] - Prices for energy storage cells are expected to rise in Q4, but significant increases are unlikely [9] PCS Pricing Stability - The price of energy storage PCS remained stable in Q3, with centralized PCS (1725kW) priced between 0.062-0.07 yuan/W, averaging 0.0664 yuan/W, a decrease of about 0.9% from Q2 [11] - String-type PCS (215kW) prices ranged from 0.076-0.098 yuan/W, with an average of 0.0873 yuan/W, showing a slight decline from Q2 [14] Energy Storage System Pricing Trends - Despite rising upstream cell prices, the market price for domestic energy storage systems continues to decline, with Q3 average prices for 2-hour systems down 5.94% from Q2 and 20.41% year-on-year [17] - In August, energy storage system prices fell below 0.5 yuan/Wh, with some large projects priced as low as 0.44 yuan/Wh [18] - The average bid price for 2-hour energy storage systems in September was 0.538 yuan/Wh, down approximately 34.31% from January 2024 [18] Commercial Energy Storage Pricing - The market price for commercial energy storage integrated cabinets (215kWh) stabilized around 0.65 yuan/Wh, with a range of 0.53-0.75 yuan/Wh [20] - The mainstream price for commercial energy storage systems is expected to remain stable between 0.6-0.68 yuan/Wh, with limited upward movement anticipated [20] Future Outlook - The energy storage system price trend is expected to diverge in Q4, with leading companies likely to see slight price increases, while weaker companies may struggle with low pricing or exit the market [22]
破0.5元/Wh！三季度储能价格分析
行家说储能·2025-10-09 08:56