Core Insights - The domestic energy storage bidding market in China is experiencing strong growth, with new bidding volumes reaching 14.73 GW/41.54 GWh in September 2025, representing a month-on-month increase of 37% and 8% respectively [1][2] Group 1: Bidding Volume and Growth - The EPC project bidding volume increased to 12.9 GW/33.58 GWh, showing a year-on-year growth of 96% and a month-on-month growth of 72% [1] - The energy storage system bidding volume reached 1.83 GW/7.96 GWh, with a year-on-year increase of 96% and a month-on-month decrease of 44% [1] Group 2: Market Composition - Independent energy storage accounted for 72% of the bidding volume, with 12.33 GW/34.06 GWh, primarily concentrated in Xinjiang and Inner Mongolia [4] - Commercial and industrial energy storage projects made up 3% of the total, highlighted by a significant 1 GWh project in Henan [4] Group 3: Winning Bids - The total winning bid volume for September was 10.05 GW/33 GWh, reflecting a year-on-year increase of 41% and a month-on-month increase of 13% [7] - EPC projects contributed 6.55 GW/17.07 GWh to the winning bids, with a year-on-year growth of 53% [7] Group 4: Pricing Trends - The average bid price for 2-hour energy storage systems increased by 27% to 0.58 CNY/Wh, with a price range of 0.46-0.91 CNY/Wh [11] - The average bid price for 4-hour energy storage systems decreased by 5% to 0.4 CNY/Wh, with a price range of 0.39-0.49 CNY/Wh [12]

Core Insights - In July, a total of 33 energy storage EPC projects and 13 energy storage system procurement projects were awarded, indicating a robust activity in the energy storage sector [4] - The average winning bid price for energy storage EPC projects increased by 4% month-over-month to 0.994 CNY/Wh, while the average price for energy storage system procurement decreased by 15% to 0.451 CNY/Wh [4] - The total awarded capacity for energy storage system projects in July reached 4.23 GWh, with CRRC Zhuzhou Institute leading with a 1 GWh bid, accounting for 24% of the total awarded capacity [5] Pricing Trends - The winning bid price range for energy storage EPC projects was between 0.125 CNY/Wh and 1.575 CNY/Wh, with the lowest bid from Beijing Tiancheng Tongchuang Electric Co., Ltd. at 0.413 CNY/Wh [4] - For energy storage system procurement, the bid price range was from 0.413 CNY/Wh to 1.471 CNY/Wh, with the highest bid from Kaifeng Times New Energy Technology Co., Ltd. at 1.471 CNY/Wh [4] Market Leaders - The top 10 companies in the domestic energy storage system project bidding for July 2025 include CRRC Zhuzhou Institute, Tiancheng Tongchuang, Yisite, Shuangdeng Group, Guoneng Xinkong, Caijin Jiaan, Envision Energy, Hanyang New Energy, Ganfeng Lithium, and Kaifeng Times [6][7]

Core Insights - Hopson Design Group Co., Ltd. (霍普股份) announced a successful bid for the Tongwei Yiheng New 50MW/200MWh independent energy storage demonstration project with a total contract value of 159 million yuan [1] - This marks a significant achievement in the large-scale energy storage EPC sector, following a previous win of 449 million yuan for the Langyuan New Energy 200MW/400MWh shared energy storage project, showcasing the company's technical strength and market competitiveness in energy storage project development [1] - The project is part of the Gansu power grid's independent energy storage demonstration initiative, aimed at stabilizing renewable energy generation fluctuations and enhancing regional clean energy consumption capacity [1] Company Strategy - The company is committed to providing integrated energy storage solutions covering the entire project lifecycle, including development, design, procurement, construction, and operation [2] - The successful bid indicates substantial progress in the company's layout within the northwest energy storage market, with plans to leverage technical resources to advance project construction and contribute to energy structure optimization and carbon neutrality goals in China [2]