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Climbing global demand for home energy storage leads to surge in Chinese battery exports
Since the beginning of this year, affected by the situation in Russia and Ukraine and the new crown epidemic, energy prices and electricity prices in Europe and the United States have continued to rise, which has led to a substantial increase in the global demand for home energy storage. China’s companies that made the layout of related products earlier have already enjoyed this year's wave of demand growth dividends. Driven by carbon peaking and carbon neutrality goals, support policies for China's energy storage industry have emerged frequently this year.
Meanwhile, the global energy storage market demand is soaring, which has driven the rapid increase in the revenue share of the energy storage business of Chinese battery and related energy storage product companies. Among them, the China’s Top 10 home energy storage battery companies are actively conducting relevant layouts, and all have outstanding performance. This article will give you a detailed introduction to the Top 10 home energy storage battery companies in China, covering their development history, the company's main products and services, as well as the latest developments and related industry layouts.
Top 10 home energy storage battery companies in China in 2022
① CATL
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Established time |
December 16, 2011 |
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Global headquarters |
Fujian, China |
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Total market value |
1.28 trillion RMB |
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Company website |
https://www.catl.com/ |
Company profile:
CATL, which ranks first among the China’s Top 10 home energy storage battery companies, is the world's leading lithium-ion battery R&D and manufacturing company. It has established cooperative relations with many mainstream car companies in China and has become one of the first lithium-ion power battery manufacturers in China to enter the supply chain of top international car companies.
CATL focuses on the R&D, production and sales of new energy vehicle power battery systems and energy storage systems, and is committed to providing first-class solutions for global new energy applications. Its core technologies include power and energy storage battery fields, materials, cells, batteries R&D and manufacturing capabilities of the entire industry chain, such as systems, battery recycling and secondary utilization.
Main products and services:
Power battery systems, energy storage systems and lithium battery materials. CATL's energy storage system products include cells, modules/boxes, and battery cabinets, which can be used in power generation, transmission and distribution, and electricity consumption, covering solar or wind power generation and energy storage, industrial enterprise energy storage, commercial buildings and data center energy storage, energy storage charging station, communication base station backup battery, home energy storage, etc.
Latest news and related layout:
In April 2022, CATL plans to invest 13 billion RMB to build a new energy battery industrial base project in Xiamen, including power battery system and energy storage system production lines. By the end of 2021, CATL's energy storage products have been sold to more than 25 countries around the world, including the United States, the United Kingdom, Germany and Australia, and the cumulative shipment of outdoor liquid-cooled electric cabinet EnerOne alone exceeds 11GWh.
② EVE
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Established time |
December 24, 2001 |
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Company location |
Guangdong, China |
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Total market value |
202.601 billion RMB |
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Company website |
https://www.evebattery.com/ |
Company profile:
One of the top 10 home energy storage battery companies, EVE focuses on the innovation and development of lithium batteries, and has been committed to providing the society with high-safety and cost-effective energy storage lithium-ion battery systems. EVE has become a global core energy storage system solution provider with integrated products such as 1500V liquid-cooled energy storage integrated system for power, 48V battery system for communication, 48V low voltage and 200V high voltage battery system for household energy storage.
Main products and solutions:
Energy storage solution: 1500V liquid-cooled energy storage integrated system for power, 48V battery system for communication, 48V low voltage and 200V high voltage battery system for household energy storage and other integrated products
Recent layout:
In June 2022, EVE announced that it plans to build a 10GWh power storage battery project in Qujing. In May, EVE announced that it plans to invest 3 billion yuan to build a 10GWh power storage battery project in Yuxi. In April,EVE began to build a 50GWh power storage battery production base in Chengdu. EVE officially stated that the company has been recognized by high-quality customers around the world in the energy storage business, and the energy storage business is expected to develop rapidly.
③ Envision AESC
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Established time |
March 19, 2008 |
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Global headquarters |
Kanagawa, Japan |
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Registered capital |
165 million USD |
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Company website |
https://www.envision-aesc.com/cn/ |
Company profile:
Envision AESC, among the Top 10 home energy storage battery companies, is the world's leading intelligent battery technology company, dedicated to the research and development, design, manufacturing and sales of power battery systems and energy storage battery systems. From next-generation smart wind turbines to integrated energy management systems, Envision AESC's products cover wind energy, energy storage and more.
Main products:
AIoT battery, covering core battery industry chain technologies such as electrodes, cells, modules, battery packs, and energy storage integration.
Recent layout:
In March 2022, Envision Power signed a cooperation agreement with the Shiyan Municipal People's Government to build a zero-carbon smart battery industrial park in Shiyan City, with a planned total production capacity of 40GWh, which will produce the latest generation of power and energy storage battery products.
④ BYD
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Established time |
February 10, 1995 |
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Company location |
Guangdong, China |
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Total market value |
992.700 billion RMB |
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Company website |
https://www.bydglobal.com/cn/index.html |
Company profile:
BYD specializes in the research and development, production, sales and service on battery storage and is committed to providing efficient and clean new energy solution. With advanced lithium battery technology, BYD aims to promote the global transition from fossil energy to clean energy.
Main products and services:
Residential energy storage: battery-box, energy pod; C&Ienergy storage: CHESS,containerized EES.
Recent layout:
The data shows that BYD's energy storage battery shipments rank first in the world, and its market share also ranks first. From January to May 2022, the cumulative installed capacity of BYD's power and energy storage batteries reached 27.183GWh, of which the installed capacity of power and energy storage in May reached 6.203GWh.
In addition, as of May 30, the overall supply scale of BYD's grid-level energy storage products in North America has exceeded 1.6GWh this year. In Germany, where the penetration rate of household energy storage is relatively high, BYD's household energy storage market accounts for the second largest share, at 5.63%.
⑤ GREAT POWER
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Established time |
January 18, 2001 |
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Company location |
Guangdong, China |
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Total market value |
26.57 billion RMB |
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Company website |
http://www.greatpower.net/ |
Company profile:
GREAT POWER ranked as one of the Top 10 energy storage lithium battery companies, is a company that has been focusing on the manufacturing and R&D of lithium batteries for more than 20 years. It mainly produces polymer lithium-ion, lithium-ion, nickel-metal hydride and other secondary rechargeable batteries and lithium-iron, lithium-manganese, lithium-ion, zinc-air and other primary batteries.
GREAT POWER is one of the earliest companies engaged in battery research and development, production and sales in China, and one of the professional battery manufacturers with the most complete varieties in China. Its products are widely used in the fields of digital 3C, new energy vehicles, electric bicycles, power tools and other light power fields, communication base station backup power, wind and solar energy storage and home energy storage and other fields.
Main products and services:
Energy storage battery clusters, energy storage battery packs, household and large-scale energy storage cells, communication base stations and distributed microgrid energy storage.
Related news:
In 2021, GREAT POWER's energy storage battery business revenue will more than double, accounting for 31% of the company's total revenue. GREAT POWER said that in the first quarter of 2022, the company's energy storage battery business revenue has more than doubled, accounting for more than 40% of the company's total revenue.
⑥ SUNWODA
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Established time |
December 9, 1997 |
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Company location |
Guangdong, China |
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Total market value |
56.708 billion RMB |
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Company website |
https://www.sunwoda.com/ |
Company profile:
SUNWODA focuses on lithium battery energy storage integration and application technology, focusing on grid energy storage, industrial and commercial energy storage, network energy, household and portable energy storage, and smart energy. It is one of the Chinese Top 10 home energy storage battery companies. Over the past ten years, it has developed into a global leader in the field of lithium-ion batteries.
SUNWODA began to formally lay out the electric vehicle battery business in 2008, with the electric vehicle battery system (cell, module, BMS and PACK) as the core product, and the upstream extends to key links such as mineral raw materials, battery positive and negative materials, and the downstream extends To industries such as electric vehicles, energy storage power stations, and power battery cascade utilization, an integrated layout of the entire industry chain has been formed.
At the same time, taking advantage of the company's lithium battery energy storage integration and application technology advantages, SUNWODA focuses on the fields of electric power, network energy, home energy storage and portable energy storage, providing a variety of types including lithium battery energy storage products, multi-scenario integration solutions, and energy investment operations Integrated energy service model.
Main products and services:
Grid energy storage: battery modules, battery clusters, battery compartments and energy storage systems; Home energy storage: battery modules, battery cabinets, whole system & portable energy storage; Industrial and commercial energy storage: outdoor cabinets.
Recent layout:
In March 2022, SUNWODA signed a project investment agreement with the Shifang Municipal People's Government, and plans to invest 8 billion yuan to build a 20GWh power and energy storage battery production base in Shifang.
⑦ LISHEN
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Established time |
December 25, 1997 |
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Company location |
Tianjing, China |
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Registered capital |
173009.5073 million RMB |
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Company website |
http://www.lishen.com.cn/ |
Company profile:
LISHEN is the first lithium-ion battery R&D and manufacturing enterprise in China, specializing in the R&D, production and operation of lithium-ion batteries and power batteries. LISHEN's energy storage system products use power lithium battery cells, and the product applications cover new energy power generation facilities, grid power auxiliary services, communication base stations, household energy storage and other fields, and have been supplied to many global high-end customers.
Main products and applications:
Products cover new energy power generation facilities, grid power auxiliary services, communication base stations, household energy storage and other fields.
Related layout:
In February 2022, LISHEN invested 15.2 billion yuan in the Chuzhou 36GWh battery project to start construction. The main product of this project is energy storage batteries.
⑧ PYLONTECH
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Established time |
October 28, 2009 |
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Company location |
Shanghai, China |
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Total market value |
40.164 billion RMB |
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Company website |
https://www.goodwe.com/ |
Company profile:
As one of the Top 10 home energy storage battery companies, PYLONTECH focuses on the development and application of lithium battery energy storage products and provides leading integrated solutions for lithium battery energy storage systems. PYLONTECH vertically integrates the three core links of energy storage lithium battery R&D and production, BMS R&D, and system integration, and can provide a full range of voltage levels from 5V to 1500V, full-scene energy storage systems and customized solutions, covering new energy power generation, grid auxiliary services, micro Energy storage applications in various scenarios such as power grids, industrial and commercial parks, charging piles, data centers, and communication base stations.
Main products:
Home energy storage system products: a new type of photovoltaic energy storage system based on lithium iron phosphate batteries and configured with customized BMS.
Latest news:
On June 9, 2022, PYLONTECH announced that the company plans to issue stocks to specific objects to raise a total of no more than 5 billion yuan, which will be used for the PYLONTECH 10GWh lithium battery R&D and manufacturing base project. It is reported that Paineng Technology plans to build a 10GWh energy storage battery project in Feixi. At present, the company's annual production capacity is 3GWh. The main markets are in other countries, with Europe and Africa accounting for more than 60%, and the rest are Australia, North America, Japan, Southeast Asia and China.
⑨ GOODWE
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Established time |
November 5, 2010 |
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Global headquarters |
Jiangsu, China |
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Registered capital |
35.358 billion RMB |
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Company website |
https://www.goodwe.com/ |
Company profile:
GOODWE is a provider of solar photovoltaic inverters and related products. The company's products include grid-connected inverters, energy storage products, SEMS systems and supporting products, which can be used in household, commercial, ground and energy storage. In addition, it also involves service support such as power station system design, troubleshooting and quality assurance.
Main products and solutions:
Household photovoltaic inverters and GOODWE household energy storage solutions include a complete set of "energy storage inverter + battery" solutions, with a variety of energy storage inverters and battery products, suitable for new solar storage power stations, original Areas with household grid-connected system renovation or no (weak) power grid.
Recent news:
GOODWE, which is deeply involved in the field of photovoltaic inverters and energy storage, also recently announced a fixed increase of 2.54 billion yuan, and plans to build 4.5GWh of energy storage batteries and grid-connected and energy storage inverters.
⑩ FAR EAST BATTERY
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Established time |
July 29, 2009 |
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Headquarters location |
Jiangxi, China |
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Registered capital |
1053.02 million RMB |
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Company website |
http://www.febbattery.com/ |
Company profile:
Among the Top 10 home energy storage battery companies, FAR EAST BATTERY is an company specializing in the research and development, production, sales and after-sales service of lithium-ion batteries and power battery packs, focusing on providing first-class lithium-ion battery energy application solutions for global customers. Its product application fields cover the two-wheeled vehicle power tool market, the 3C digital small household appliance market, and the automotive power battery pack market.
Main products and services:
Lithium battery energy storage system: household energy storage battery pack, microgrid energy storage battery pack.
Latest news:
Recently, at Intersolar Europe, a German solar technology fair, FAR EAST BATTERY showcased its core products and key industrial chain layouts, including cylindrical 18650 series and 21700 battery cells, pouch LFP cells, and comprehensive solutions for energy storage systems, etc., to fully meet the deep demand for energy products in the European market.
In September 2021, FAR EAST BATTERY achieved a breakthrough in the energy storage market in other countries. In that month, it won an order of 43.362 million RMB for European household energy storage systems, and the energy storage business officially entered the European market. As its products gradually entered the European household energy storage system market, its orders continued to grow.
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