What does China Energy Engineering Corporation's landmark procurement mean for energy storage?
China Energy Engineering Corporation’s landmark procurement signals a shift toward market-driven energy storage, with bids reflecting aggressive cost-cutting and rising industry consolidation.
How big is China's energy storage?
According to the China Energy Storage Alliance (CNESA), new storage installations in China reached 13.3 GW/ 32.1 GWh in the first five months of , up 52.5% / 41.8% year-on-year. The CEEC procurement was split into three packages, totaling 25 GWh and covering systems with durations of one, two, and four hours.
Why are EPCs partnering with China's state-owned power companies?
EPCs in China are increasingly procuring and installing BESS for their customers. “As equipment suppliers, collaborating with these state-owned enterprises is important for not only any single tender, but also assessing long-term opportunities from China’s power sector,” Shi said.
Is China Power Construction Group squeezing market share?
Image: China Power Construction Group. State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing of market share and increased buying power from state-owned companies, an S&P analyst told Energy-Storage.news.
How many power generation companies are there in China?
China has five ‘major’ and six ‘minor’ state-owned power generation companies that develop, own and operate a majority of its generation assets, and Power China is one of two engineering, procurement construction (EPC) firms that build most of those assets, the other being CEEC.
Did power China work on a Bess project in Zhangjiakou?
A BESS project in Zhangjiakou that Power China worked on. Image: China Power Construction Group.
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