Core Viewpoint - The article highlights the significant growth in the domestic energy storage market, with a total of 12.69 GW and 42.65 GWh of projects awarded in August, indicating a robust demand for energy storage solutions in China [1][3]. Group 1: Project Awards - In August, 75 energy storage segments were awarded, comprising 31 energy storage system projects with a total scale of 5.20 GW and 18.07 GWh, and 44 EPC projects with a total scale of 7.49 GW and 24.58 GWh [1][3]. - The largest energy storage system project awarded includes three independent storage projects in Inner Mongolia, with a total procurement demand of 5.2 GWh [3]. Group 2: Major Projects and Bidders - The top bidders for energy storage systems in August included BYD, CRRC Zhuzhou Institute, CATL, Ganfeng Lithium, Shandong Electric, Envision Energy, Zhongtian Storage, Xinjiang Yueshui Electric Storage, and Suzhou Qingt ceramic [5]. - BYD ranked first in August due to multiple large project wins, including the procurement for the independent storage projects in Inner Mongolia [5]. Group 3: Pricing Analysis - The bidding price range for 2-hour energy storage systems was between 0.460 and 0.814 RMB/Wh, with an average winning price of 0.561 RMB/Wh; for 4-hour systems, the range was 0.389 to 0.550 RMB/Wh, with an average of 0.421 RMB/Wh [8]. - The lowest bid for a 2-hour energy storage system was 0.389 RMB/Wh, awarded to Zhongtian Storage for a project in Ulanqab [8]. - For EPC projects, the bidding price range for 2-hour systems was 0.650 to 1.495 RMB/Wh, with an average of 1.032 RMB/Wh; for 4-hour systems, the range was 0.449 to 1.475 RMB/Wh, with an average of 0.884 RMB/Wh [9].

Core Viewpoint - The article highlights the significant growth in the energy storage sector in August, with a total of 12.69 GW and 42.65 GWh of projects awarded in China, indicating a robust demand for energy storage solutions [1]. Group 1: Project Awards - In August, 75 energy storage segments were awarded, with 31 projects for energy storage systems totaling 5.20 GW and 18.07 GWh, and 44 EPC projects totaling 7.49 GW and 24.58 GWh [1]. - The largest energy storage system procurement projects were located in Inner Mongolia, specifically in Huade, Dengkou County, and Chifeng City, with a total procurement demand of 5.2 GWh [3]. Group 2: Major Projects and Bidders - The top three independent energy storage projects include: - Huade 500 MW/2 GWh project, awarded to CRRC Zhuzhou Electric Locomotive Co., with a total bid of 792 million yuan, equivalent to 0.3960 yuan/Wh [4]. - Dengkou County 400 MW/1.6 GWh project, awarded to BYD, with a total bid of 628.43 million yuan, equivalent to 0.3928 yuan/Wh [5]. - Chifeng City 400 MW/1.6 GWh project, awarded to Shandong Electric Power, with a total bid of 638.10 million yuan, equivalent to 0.3988 yuan/Wh [6]. Group 3: Market Leaders - Leading companies in the energy storage system bidding for August include BYD, CRRC Zhuzhou, CATL, Ganfeng Lithium, Shandong Electric Power, Envision Energy, Zhongtian Storage, Xinjiang Yueshui Electric Storage, and Suzhou Qingt ceramic [9]. - BYD ranked first in August due to multiple large project wins, including the Inner Mongolia Energy Tupu Independent New Energy Storage Station project and the Dengkou County project [9]. Group 4: Pricing Analysis - The bidding price range for 2-hour energy storage systems was between 0.460 and 0.814 yuan/Wh, with an average bid price of 0.561 yuan/Wh. The lowest bid was 0.389 yuan/Wh for a project awarded to Zhongtian Storage [11]. - For EPC projects, the 2-hour storage EPC bidding price ranged from 0.650 to 1.495 yuan/Wh, with an average of 1.032 yuan/Wh. The lowest bid was 0.449 yuan/Wh for a project awarded to a consortium including Dongfang Electric [11].

Core Insights - The Chinese energy storage bidding market experienced explosive growth in June 2025, with a monthly bidding volume reaching 53.19 GWh, marking a new high for the year and showing significant year-on-year and month-on-month increases [1][2][3] Bidding Volume and Trends - In June 2025, the newly added bidding volume exceeded 50 GWh, with a total of 9.05 GW/53.19 GWh, representing a year-on-year increase of 58% and 282%, and a month-on-month increase of 23% and 147% [2] - The average energy storage duration for the month was 5.9 hours, indicating a trend towards longer-duration storage solutions [2] Project Types and Distribution - EPC projects dominated the bidding landscape, with a newly added bidding volume of 7.71 GW/22.81 GWh, showing year-on-year increases of 193% and 248% [5] - Large-scale projects of 800 MWh and above were concentrated in regions such as Xinjiang, Guangdong, and Ningxia [5] - Framework and centralized procurement projects accounted for 53% of the total energy capacity, highlighting a shift towards these project types [6] Major Players and Market Share - The top three bidding entities in June 2025 were China Energy Engineering Group (25.54 GWh), Electric Equipment Group (7.248 GWh), and Xinjiang Energy Group (4 GWh) [9][22] - China Energy Engineering Group led the market due to its significant procurement of 25 GWh of energy storage systems [9] Winning Bids and Pricing Trends - The total newly awarded contracts in June reached 5.33 GW/17.2 GWh, with EPC projects being the majority [11] - The average bidding price for 2-hour energy storage systems was 0.51 yuan/Wh, reflecting a downward trend [14][15] - The bidding price range for 2-hour energy storage systems was between 0.46 and 0.72 yuan/Wh, with a weighted average of 0.51 yuan/Wh, indicating an 8% decrease month-on-month [15][17] Leading Companies in Energy Storage Systems - Ganfeng Lithium led the energy storage system bidding with a total of 1.2 GWh, followed by BYD with 600 MWh and State Grid with 240 MWh [19] - The leading EPC bidders included China Electric Power Construction Group and its consortium, State Power Investment Corporation, and China State Construction Engineering Corporation [22]

Core Viewpoint - The article highlights the significant growth in the energy storage sector in May, with a total of 7.02 GW and 29.14 GWh of energy storage projects awarded in China, indicating a robust market demand and competitive landscape [2]. Group 1: Market Overview - In May, there were 58 energy storage project bids, with a total awarded capacity of 7.02 GW and 29.14 GWh [2]. - The awarded projects included 23 energy storage system projects with a scale of 1.03 GW and 8.05 GWh, and 35 EPC projects with a scale of 5.52 GW and 19.81 GWh [2]. Group 2: Leading Companies - The top companies in the energy storage system bidding for May included Ronghe Yuanchu, Haibo Sichuang, CATL, Xinyuan Zhichu, Trina Storage, BYD, and CRRC Zhuzhou Institute [5]. Group 3: Pricing Analysis - For 2-hour energy storage systems, the bidding price ranged from 0.422 to 0.799 CNY/Wh, with an average winning price of 0.502 CNY/Wh [7]. - For 4-hour energy storage systems, the bidding price ranged from 0.423 to 0.511 CNY/Wh, with an average winning price of 0.481 CNY/Wh [7]. - In the EPC sector, the 2-hour energy storage EPC prices ranged from 0.555 to 1.456 CNY/Wh, with an average winning price of 1.053 CNY/Wh [7]. - The 4-hour energy storage EPC prices ranged from 0.608 to 1.2 CNY/Wh, with an average winning price of 0.805 CNY/Wh [7].

Core Viewpoint - The recent policy changes by the National Development and Reform Commission and the National Energy Administration regarding the market-oriented reform of renewable energy grid prices will significantly impact the profitability of energy storage projects, leading to a decline in rental income and affecting new installations in the second half of the year [1]. Group 1: Project Bidding Analysis - In February, there were 43 energy storage bidding segments, with a total of 3.3GW/40.52GWh of energy storage projects awarded in China. This includes 22 energy storage system projects totaling 1.25GW/34.48GWh and 21 EPC projects totaling 2.054GW/6.05GWh [2]. - The largest awarded energy storage system project is the centralized procurement project by China Nuclear Huineng and Xinhua Power Generation for 2025-2026, with a total awarded capacity of 10GWh. The largest EPC project awarded is the first batch of energy storage projects by Xinjiang Lide New Energy Co., Ltd., with a total awarded capacity of 2000MWh [4]. Group 2: Pricing Analysis - In February, the price range for 2-hour energy storage systems was between 0.479-0.696 yuan/Wh, with an average winning bid price of 0.597 yuan/Wh. For 4-hour energy storage systems, the price range was 0.426-0.579 yuan/Wh, with an average winning bid price of 0.479 yuan/Wh [5]. - The price range for 2-hour EPC projects was between 0.665-1.37 yuan/Wh, with an average winning bid price of 1.092 yuan/Wh. For 4-hour EPC projects, the price range was 0.642-1.899 yuan/Wh, with an average winning bid price of 1.107 yuan/Wh [5]. Group 3: Market Trends - Currently, the prices of energy storage cells are stabilizing, and although there is a downward trend in energy storage system prices, the fluctuations are relatively small [7].