Lithium-ion battery energy storage is expected to reach 160 million kilowatts in 2035

On May 24th, Hui Dong, chief expert of the State Grid Electric Power Research Institute, publicly stated that under the premise that new energy installed capacity accounted for about 35% of the total installed capacity and a reasonable abandonment rate of 8% in 2035, the corresponding energy storage installed capacity demand2 -250 million kilowatts, of which the energy storage of lithium-ion batteries is about 110-160 million kilowatts. He said that electrochemical energy storage is an extremely important technical form of energy storage. During the 14th Five-Year Plan period, energy storage will still be difficult to become the main force of power system regulation resources; In the next ten years, lithium-ion batteries will still maintain their dominant application status. GGII also believes that lithium battery energy storage will occupy a dominant position in new energy storage products. On April 21, the 'Guiding Opinions on Accelerating the Development of New Energy Storage (Draft for Comment)' announced by the National Development and Reform Commission and the Energy Administration proposed that by 2025, the transformation of new energy storage from the initial stage of commercialization to large-scale development will be realized. , The installed capacity is more than 30 million kilowatts. New types of energy storage play a significant role in promoting the peak carbon neutralization process in the energy sector. In this regard, GGII analyzed and estimated that the installed capacity in the draft for comments will be configured in 2 hours (actually, with the large-scale application of energy storage, the configuration time will be much longer than 2 hours). GGII predicts that my country’s power generation will be Energy storage lithium-ion battery shipments will exceed 60GWh, and the energy storage lithium-ion battery market has officially entered a period of accelerated development. GGII data shows that my country's energy storage market will reach 17.5 billion yuan in 2020, a year-on-year increase of 35%. Energy storage lithium-ion battery shipments reached 16.2GWh, an increase of 70.53% year-on-year. Judging from the current global energy storage lithium-ion battery participants, the participating companies are mainly concentrated in East Asia, such as Japan and South Korea’s Panasonic, Samsung SDI, LGC, etc., my country’s BYD (Fudi battery), CATL, Paineng Technology, Nandu Power supply, Kunyu New Energy (formerly Haguangyu), etc. In Europe and America, Tesla, Northvolt, etc. participate in the global energy storage lithium-ion battery business. GGII believes that with the rapid expansion of the global energy storage market, the global energy storage lithium-ion battery market will also form a group of global large companies in the future. These companies will have market channels, product quality, system integration capabilities, financial strength, Brand awareness and other aspects have global competitiveness. For example, BYD, CATL, LGC, and Panasonic in the field of power storage have the opportunity to break through.