The Zhitong Finance App learned that according to research statistics from the High Industrial Research Institute (GGII), the total shipment volume of energy storage system companies in China reached 50 GWh in 2022, an increase of more than 200% over the previous year. Benefiting from the high level of prosperity in the global energy storage market in 2022, as the main supplier to the global market, local energy storage system companies in China developed rapidly and shipments soared.
According to the latest GGII statistics, there were a total of 16 energy storage system integrators in China that shipped more than 1 GWh (domestic+overseas markets) in 2022. Judging from the attributes of shortlisted companies, mainstream energy storage system integrators in China mainly have four major participating groups: 1) represented by Sunshine Power (300274.SZ), Tianhe Energy Storage, Envision Energy, CRRC Zhuzhou, etc.Scenery industry chain enterprises; 2) Represented by BYD (002594.SZ), Nandu Power (300068.SZ), Zhongtian Energy Storage, etc.Lithium battery manufacturers; 3) Represented by Haibo Innovation, Clu Electronics (002121.SZ), etc.Third-party professional system integration company; 4) Represented by Nanrui JibaoPower equipment companies. See the table below for specific companies: