The power of the battery head competes for overseas household energy storage

As overseas domestic energy storage demand for lithium batteries continues to increase, domestic exports of overseas energy storage batteries will accelerate the increase, and the share of lithium iron phosphate batteries in the global home energy storage market will further rise.

Overseas countries are accelerating the adjustment of energy structure, and the domestic energy storage market is booming.

The driving factors are: First, the high electricity prices in Europe, Japan, Australia, North America and other countries and regions. The application of household photovoltaic + energy storage can increase the level of self-generation and self-use of electricity, delay and reduce the risk of rising electricity prices, and increase economic efficiency. .

Second, with the rise in electricity prices and the rapid decline in the cost of photovoltaic systems, the “photovoltaic feed-in tariff (FIT)” and “net metering tariff” and other household photovoltaic subsidies have expired and reduced, and the strong and stable new photovoltaic installations in the above-mentioned regions have also It provides a solid market for household energy storage applications.

Third, the cost of energy storage lithium batteries continues to drop, which has greatly improved the economics of household energy storage system applications and stimulated the rapid development of the market.

Industry data predicts that with the continuous recovery of the global economy, special incentives for energy storage, and rooftop solar owners’ continued desire for self-consumption, the global residential energy storage market is expected to exceed 140GW by 2023.

From the perspective of the overseas household energy storage lithium battery market, li-ion batteries still occupy the mainstream position, while lithium iron phosphate batteries are showing a rapid upward trend.

The reason is that, on the one hand, the global demand for household energy storage mainly comes from overseas markets. As the leading overseas household energy storage battery companies, manufacturers such as Tesla, LG Chem, and Samsung SDI started early in the market and have formed strong brand advantages. , Which mainly supplies ternary lithium battery products;

On the other hand, domestic energy storage manufacturers generally use lithium iron phosphate batteries. Although they have entered the overseas household energy storage market relatively late, the core requirements of energy storage systems are high safety, long life and low cost. Therefore, in recent years, lithium iron phosphate batteries have become popular. The overseas household energy storage market share is on the rise.

From the perspective of players participating in household energy storage batteries, Tesla, LG, etc. still occupy the top positions in the world, and the technical route is mainly based on li-ion batteries; domestic lithium battery companies involved in household energy storage include CATL, ATL, and BYD , Yiwei Lithium Energy, Paineng Technology, Penghui Energy, etc., the main technical route is lithium iron phosphate.

The latest news shows that, targeting the household energy storage market, CATL and ATL signed a joint venture contract. It plans to jointly invest 14 billion yuan to establish two joint ventures for batteries and battery packs to engage in medium-sized household energy storage, electric two-wheeled vehicles and other fields. R&D, production, sales and after-sales service of batteries.

Paineng Technology, the mainstream of overseas household energy storage business, achieved revenue of 258 million yuan in the first quarter, a year-on-year increase of 51.7%; net profit was 59.44 million yuan, a year-on-year increase of 43.5%. At present, the company has a relatively high market share in some countries in Europe, South Africa and Southeast Asia, and is actively expanding the domestic energy storage market in North America and Japan.

Penghui Energy also stated in answering questions from investors that in the first quarter of this year, the company has received a large number of foreign orders for household energy storage lithium batteries.

It is worth mentioning that as overseas domestic energy storage demand for lithium batteries continues to increase, domestic exports of overseas energy storage batteries will accelerate the increase, and the share of lithium iron phosphate batteries in the global household energy storage market will further rise.