Core Insights - The article provides an overview of the bidding market for energy storage systems in February, highlighting significant changes in both bidding and winning scales compared to previous periods [3][5][15]. Bidding Scale Overview - The bidding scale for energy storage systems reached 2.2GW/7.2GWh, showing a year-on-year decrease of 31.4% and 29.7%, while a month-on-month increase of 14.5% and a significant drop of 85.1% respectively [3][5]. - The EPC (including PC) bidding scale was 11.5GW/29.0GWh, reflecting a year-on-year increase of 173.0% and 149.0%, but a slight month-on-month decrease of 2.6% and an increase of 4.3% [3][5]. - The energy scale of the storage system bidding in February was notably affected by the Spring Festival holiday, leading to a significant drop in the bidding energy scale [5]. Regional Distribution - In February, Shanxi province led the national energy storage bidding market with an EPC bidding scale of 5.2GWh, driven by multiple hybrid storage project bids [7][10]. - Gansu province, while not in the top ranks for bidding scale, had a notable proportion of new energy storage projects, with a total EPC bidding energy scale of 1.6GWh, increasing by 174.1% [7][10]. Bidding Entities - A total of 44 entities participated in the energy storage system bidding, marking a year-on-year increase of 22.2% but a month-on-month decrease of 32.3% [10]. - For EPC, 111 entities were involved, showing a year-on-year increase of 52.1% and a month-on-month decrease of 17.7% [10][11]. Winning Scale Overview - The winning scale for energy storage systems was 0.5GW/22.6GWh, with a year-on-year increase of 68.6% and 19.6%, but a month-on-month decrease of 70.9% and an increase of 61.4% [15][16]. - The EPC (including PC) winning scale was 6.9GW/17.3GWh, reflecting a year-on-year increase of 215.4% and 208.2%, but a month-on-month decrease of 34.5% and 47.4% [15][16]. Application Scenarios - In February, the total winning energy scale for energy storage systems was 22.6GWh, with 21.4GWh from collective procurement projects, accounting for 94.8% of the total [16]. - The winning scale for grid-side projects reached 0.8GWh, representing 4% of the total winning energy scale for energy storage systems [16]. Price Trends - The average winning price for 2-hour energy storage systems in February was 636.1 yuan/kWh, showing a year-on-year increase of 16.3% and a month-on-month increase of 19.8% [21][23]. - The average winning price for 2-hour EPC projects was 951.3 yuan/kWh, with a year-on-year increase of 0.1% but a month-on-month decrease of 18.5% [21][27].

Group 1 - The core viewpoint of the article highlights the significant growth in the domestic energy storage market, with a notable increase in installed capacity and bidding activities in early 2026 [2] Group 2 - In January-February 2026, the newly added energy storage installed capacity reached 9.51 GW/24.18 GWh, representing a year-on-year increase of 182% and 472% respectively, indicating strong demand at the beginning of the year [2] - In February 2026, the bidding results showed a total of 13.4 GW/36.9 GWh, with year-on-year growth of 191% and 148%, and a month-on-month increase of 9% and 2%, respectively [2] - The breakdown of bidding types indicates that independent energy storage dominates the market, with shares of 58% for independent storage, 36% for centralized procurement, 5% for renewable energy storage, and 4% for user-side storage [2] - The provinces leading in bidding scale include Xinjiang, Ningxia, and Gansu, reflecting regional demand dynamics [2] Group 3 - The average system price for 2-hour energy storage is 0.579 yuan/Wh, showing a month-on-month decrease of 1.9%, while the EPC price increased by 4.6% to 1.088 yuan/Wh [2] - For 4-hour energy storage, the system average price is 0.538 yuan/Wh, down 9.1% month-on-month, while the EPC price rose by 5.2% to 0.951 yuan/Wh [2] - The decline in storage system prices is attributed to the rapid increase in centralized procurement volumes [2] Group 4 - In February, the average bidding price for storage batteries was 0.344 yuan/Wh for a 7 GWh project, reflecting a 10.3% increase compared to the end of 2025 [2] - The average bidding prices for storage systems in three projects were 0.503, 0.523, and 0.54 yuan/Wh, with increases of 10-18% compared to the end of 2025 [2] - The article concludes that the domestic energy storage demand remains high due to the implementation of capacity pricing and the urgency to secure project timelines [2]

Core Insights - The article provides an analysis of the energy storage bidding market, highlighting trends in project awards and pricing dynamics for January 2026 compared to previous periods [2][3]. Group 1: Bidding Market Overview - In January 2026, a total of 186 energy storage bidding segments were tracked, showing a year-on-year decrease of 25.3% and a month-on-month decrease of 46.2% [4]. - The energy storage system bidding scale reached 1.6GW/13.9GWh, with a year-on-year decrease of 51.2%/-59.4% but a month-on-month increase of 44.7%/+13.7% [5][6]. - The EPC (Engineering, Procurement, and Construction) bidding scale was 10.4GW/32.8GWh, reflecting a year-on-year increase of 135.7%/+189.8% but a month-on-month decrease of 45.9%/-31.9% [5][6]. Group 2: Price Dynamics - The average bidding price for 2-hour energy storage systems was 530.9 yuan/kWh, down 8.9% year-on-year but up 5.8% month-on-month, with a price range of 489.0 yuan/kWh to 615.2 yuan/kWh [6]. - The average bidding price for EPC (excluding PC) was 1167.3 yuan/kWh, showing a year-on-year increase of 13.6% and a month-on-month increase of 8.4%, with a price range of 580.0 yuan/kWh to 2047.6 yuan/kWh [6][14]. Group 3: Regional Distribution - In January 2026, the EPC bidding scale in Xinjiang reached 7.2GWh, leading the nation with a 350% increase compared to December 2025 [10]. - The energy storage projects in Xinjiang included significant projects such as a 2GWh independent energy storage project in Karamay and a 2GWh storage and photovoltaic project in Hotan [10].