China energy storage network news:
The hottest words in the energy storage industry in 2023 must include "overcapacity". In 2022, the demand for energy storage in two markets at home and abroad has exploded, energy storage batteries and system integration have joined the expansion tide, and the industry and market have frequently warned of "overcapacity".
Entering 2023, the trend of "bucking the trend" of expansion in the field of energy storage has further intensified, the "price war" caused by the imbalance of supply and demand is accelerating the industry reshuffle, and the head player is making a placeholder layout for the market after the industry elimination through expansion.
"In-roll" expansion
While Shouting excess, while continuing to expand production, and turned around to be swept into the flood of price wars, the energy storage industry seems to have entered the "cycle."
According to incomplete statistics of China Energy storage Network, since this year, as of December 18, the energy storage industry chain has signed and started a total of 137 expansion projects, with a total investment scale of more than 700 billion yuan.
These expansion projects mainly occur in energy storage battery and energy storage system enterprises, the scale of more than 2TWh.
Among these expansion projects, more than half of the enterprise projects have a scale of more than 10GWh, and the investment amount exceeds 10 billion projects as many as 42.
Among them, the investment amount is the largest chemical giant Shenghong Kinetic Energy, its Zhangjiagang energy storage battery super factory project, the total investment amount of 30.6 billion yuan, the planned production capacity of 60GWh. In addition to the 75GWh capacity already laid out by Shenghong, the capacity scale of Shenghong's kinetic energy planning energy storage battery has reached 135GWh.
In addition to some relatively large expansion projects, Yiwei Lithium Energy announced an investment of 10.8 billion yuan in January this year to invest in the construction of 60GWh power energy storage battery production line and auxiliary facilities in Jingmen High-tech Zone.
In the same month, Yiwei Lithium Energy announced that it intends to sign an investment cooperation agreement with the People's Government of Jianyang City, Chengdu, Sichuan Province, on the 20GWh power energy storage battery production base project, with a total investment of about 10 billion yuan. In March, Yiwei lithium energy storage and Power Battery project with an investment of more than 10 billion yuan started in Shenyang, Liaoning province. Up to now, the total production capacity of Yiwei lithium energy battery has exceeded 300GWh.
Energy storage "dark horse" Rui Pu Lanjun in February this year, the "annual output of 30GWh battery and Pack production base project" landed in Chongqing. On December 18, Rupu Lanjun landed on the Hong Kong Stock Exchange, according to the prospectus, the IPO will raise up to 2.39 billion Hong Kong dollars, of which 80% of the funds will be used to expand the company's production capacity, it is expected that by the end of 2025, Rupu Lanjun production capacity will exceed 150GWh.
It is worth noting that the scale of sodium ion energy storage and liquid flow energy storage projects in the expansion project is also very bright.
Among them, the production expansion scale of sodium ion projects reached 106GWh, and the investment scale exceeded 60 billion yuan. Relatively large projects are: In October, Fang Energy's annual output of 20GWh sodium battery cell project settled in Dalong, Guizhou; In September, Haowei New Energy planned to invest 10 billion yuan to build a solid sodium-ion battery project with an annual output of 30GWh in Tongnan, Chongqing; In May, the 30GWh sodium-ion and lithium-ion battery and system production base project with a total investment of 10.2 billion yuan was built by Jiangsu Hasida Power Supply Co., LTD., a holding subsidiary of Shanghai Prete Composite Materials Co., LTD., settled in Liuyang Economic Development Zone, Hunan Province.
In addition, there are three flow energy storage projects in the expansion project, including September 14, Wejing Energy storage 20GWh zinc-iron flow new energy storage project started in Yichang, Hubei Province, the project plans to invest 13 billion yuan.
At the energy storage material end, there are also a number of large-scale investment projects. Among them, Guoxuan High-tech said in October that it will invest 2.364 billion US dollars (total 16.9 billion yuan) in the United States to build a battery material factory, with a cumulative planned production capacity of 150,000 tons of battery cathode materials and 50,000 tons of negative electrode materials; Binhai Energy announced in October that it intends to invest 8.2 billion yuan to build 200,000 tons of negative electrode material integration project; Smic will invest 5.1 billion yuan to build 150,000 tons of new energy battery cathode materials with an annual output of 20,000 tons of precursors and 10,000 tons of hard carbon negative electrode projects in Taizhou, Zhejiang.
The situation of overcapacity is hardly optimistic. International institutions predict that by 2030, the global energy storage market demand is expected to be 900GWh, compared with the 2TWh capacity expansion in the Chinese market this year, as a "small witch."
In addition, the trading situation of the energy storage market this year is also unsatisfactory. In the first three quarters of this year, cumulative shipments of energy storage lithium batteries were only 127GWh. In the third quarter, the capacity utilization rate of the energy storage lithium battery industry was generally below 50%,The result of the rapid expansion of production capacity is an increasingly disorderly price war. Since the beginning of this year, the price of battery-grade lithium carbonate has continued to fall, plunging 60% from the beginning of the year, down nearly 100,000 yuan/ton of the red line. This decline continues to shake the industrial chain, the energy storage cell fell below 0.4 yuan /Wh, the energy storage system quotation repeatedly hit a new low of 0.638 yuan /Wh, the 4h energy storage system quotation fell below 0.6/Wh, the entire energy storage industry entered the pain period of overcapacity and price volume, and the industry is accelerating the reshuffle.
Information source: China Energy Storage Network
