What is the state of commercial and industrial energy storage in 2024?
Date:
2024-06-21 17:56
In 2024, the Chinese commercial and industrial market underwent a new change. Most major manufacturers regard industrial and commercial energy storage as a key track, with new I&C energy storage products coming out frequently and the prices continuing to go down. However, the new peak and valley time-sharing tariff changes have brought challenges to the advancement of I&C energy storage projects. According to statistics, since January 2024, the peak-to-valley price declined in most regions of the country for six consecutive months compared to the same period last year. In China C&I energy storage revenue mainly comes from the peak and valley spread arbitrage, time-sharing tariff adjustment always affects the industrial and commercial energy storage revenue fluctuations.
Many industry insiders reflect that it is gradually becoming more difficult to promote industrial and commercial energy storage projects in China. Issues such as the uncertainty of time-sharing tariff fluctuations and the safety of industrial and commercial energy storage products have always been important constraints in advancing projects to the ground. The narrowing of peak-to-valley price differentials and stricter fire inspection requirements have both contributed to cooling down the I&C energy storage market in China to some extent.
Essentially, the return on investment (ROI) is the core influencing factor for the development of the C&I energy storage market. Although the peak-to-valley price gap is expected to narrow nationwide in 2024, the price of industrial and commercial energy storage equipment has already been halved compared to the same period last year. At the SNEC exhibition, some energy storage manufacturers have already quoted a price of 0.699 yuan/Wh, and industrial and commercial energy storage cabinets are gradually entering the 0.6 yuan era. The substantial drop in equipment prices has significantly reduced the initial investment cost of industrial and commercial energy storage, and the return on investment for new projects remains at a certain level.
At present, industrial and commercial storage is undoubtedly the most competitive segment of the industry, and the price war between equipment manufacturers will continue.
Jiangsu Juncess Energy Co., Ltd
Office Add: Room 299, Floor 2, Building 1, Xinghai Building, No. 198 Xinghai Street,
Suzhou Industrial Park, Suzhou Area, China (Jiangsu) Pilot Free Trade Zone
Factory Add: No.801, Huagang Road, Wujiang District, Suzhou, Jiangsu, China