The energy storage industry has a strong growth momentum, and the market-oriented expansion is expected to accelerate
According to the preliminary statistics of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, in 2022, 259 energy storage projects were put into operation in China, including 236 electrochemical energy storage projects, with an installed power of 5.66GW/12.29GWh.

The energy storage industry experienced a strong growth momentum last year. According to the preliminary statistics of the Energy Storage Application Branch of the China Chemical and Physical Power Industry Association, in 2022, 259 energy storage projects were put into operation in China, including 236 electrochemical energy storage projects, with an installed power of 5.66GW/12.29GWh. Various indicators have increased significantly compared with 2021.
The analysis of Hua'an Securities pointed out that due to the diversified application scenarios and extensive functions of energy storage technology, it can reduce wind and electricity abandonment and promote the realization of peak shaving and valley filling of renewable energy power generation; Users use the peak-valley price difference to carry out arbitrage and reduce electricity expenses; To improve the stability of the power system, the world's demand for energy storage has increased significantly. It is estimated that the total global demand for installed energy storage will reach 300GWH by 2025.
The storage is mainly pumped storage, electrochemical energy storage is the leading increment, electrochemical energy is mainly lithium ion battery energy storage, and battery energy storage will occupy a leading position in the energy storage market in the next 4 hours.
According to the subject database of Cailian News Agency, among the relevant listed companies:
Kelu Electronics has maintained good cooperative relations with well-known customers such as State Grid, China Southern Power Grid, central energy enterprises and local energy enterprises.
The production line of about 1GWh battery produced annually by the subsidiary of Kexin Technology began. The first production line was determined to be 100Ah ultra-thin battery cells, positioning the user-side energy storage market.