Top 10 energy storage technology manufacturers in China
Renewable energy generation is discontinuous and unstable. Large scale grid connection will bring severe challenges to the security and reliability of power system. Energy storage technology can effectively control the instability of renewable energy power generation and achieve safe and stable power supply.
Therefore, energy storage technology is the key supporting technology for building a new power system with new energy as the main body and achieving the dual carbon goal. Among the new energy storage projects newly put into operation, the top 10 energy storage technology manufacturers in China in terms of installed capacity are: CATL, Caes, Eve Power, Great Power, NARADA, HIGEE, LISHEN, Envision AESC, CALB and ZTT.
Top 10 energy storage technology manufacturers in China
Established time: December 16, 2011
Location: Fujian, China
CATL racks first in the top 10 energy storage technology manufacturers in China. It is headquartered in Fujian, China and has branches in Munich, Germany and Beijing, Shanghai, Jiangsu and Qinghai in China.
The company has established in-depth cooperation with top international automobile manufacturers such as Germany and the United States and many well-known automobile manufacturers in China to develop and produce power battery systems for pure electric vehicles and hybrid vehicles for global customers.
Through years of operation, the company has built a leading R & D and manufacturing base for power batteries and energy storage systems in China. It has the core technology of the whole industrial chain of materials, cells, battery systems and battery recycling, and is committed to providing solutions for global green energy applications and energy storage through advanced battery technology.
Lithium ion batteries, lithium polymer batteries, fuel cells, power batteries, super capacity energy storage batteries, supercapacitors, battery management systems and rechargeable battery packs, photovoltaic energy storage systems, etc.
Recently, when answering investors’ questions on the interactive platform, CATL said that it was committed to promoting the industrialization of sodium ion batteries in 2023. The industrialization of sodium ion batteries not only includes the mass production of batteries, but also includes the completion of the upstream industrial chain.
Among the sodium ion batteries expected to be put into production in CATL next year, there are both sodium ion power batteries for electric vehicles and sodium ion energy storage batteries for energy storage power stations.
Company website: https://www.catl.com/
Total market value: 1156588 million RMB
Established time: December 11, 2018
Location: Beijing, China
As an enterprise in the field of 100MW compressed air energy storage and power generation in China, Caes has a complete core technology of advanced compressed air energy storage. Its technical team has a research and development platform for 1-300MW advanced compressed air energy storage component experiment and system integration test, and has completed the processing, assembly and testing of the core equipment of the first 100MW advanced compressed air energy storage system.
The company has listed about 2000MW of planned projects in Shandong, Shaanxi, Gansu, Zhejiang, Henan, etc., with a total investment of more than 10 billion RMB.
1.5MW compressed air energy storage system, 10MW compressed air energy storage system, 100MW compressed air energy storage system, etc.
Recently, Caes investigated the compressed air energy storage project in five counties of Jiangxi Province, China. This investigation will promote and realize the investment and construction of the new compressed air energy storage project of the Chinese Academy of Sciences in Jiangxi Province as soon as possible.
Company website: http://www.caes.store/
Registered capital: 1756 million RMB
Established time: July 4, 2012
Location: Hubei, China
Eve Power is a subsidiary of EVE which is one of the top 25 energy storage companies in China in 2022. It has core technologies for battery cell development and system integration, and provides products and solutions from battery cells and modules to systems and BMS.
It is widely used in the market of new energy passenger vehicles, new energy commercial vehicles, new energy engineering machinery, energy storage and electric ships. It has formed an industrial chain layout of “cobalt lithium resources – battery materials – battery recycling”.
The main products include power battery, large cylinder battery, square iron lithium battery, square ternary battery, soft package ternary battery, BMS, energy storage products, etc.
On September 17, 2022, Eve Power and Goodwe signed a strategic cooperation agreement, and the two sides will conduct deeper cooperation in battery related fields. This signing has improved the market expansion ability of Eve Power in the energy storage industry, which is of great significance to improve the company’s industrial layout.
Company website: https://www.evepower.com/
Registered capital: 94003443371 million RMB
Established time: January 18, 2001
Location: Guangdong, China
Great Power is a high-tech enterprise focusing on the production, manufacturing and R & D of lithium batteries for more than 20 years. The company’s business scope covers digital consumer batteries, new energy vehicle power batteries, energy storage batteries, light power batteries, electric tool batteries and other fields.
It fully realized the perfect coverage of the new energy industry chain and took the lead in large-scale production. Its main technical indicators are at the advanced level in the world.
The products mainly include energy storage, consumption and power, among which energy storage includes energy storage cells, energy storage modules, battery clusters and container energy storage systems.
Company website: http://www.greatpower.net
Total market value: 43.458 billion RMB
Established time: December 8, 1997
Location: Zhejiang China
NARADA is a high-tech enterprise in China, with core technology patents in new materials, new technologies and new structures of battery power supply. Facing the four application fields of smart energy storage, data center, industrial backup and green travel, the company provides products, system integration and services with lithium-ion batteries and lead batteries as the core.
At the same time, it has created two industrial closed loops of “lithium battery recycling industry chain” and “lead battery recycling industry chain”. The company has sales in 158 countries and regions around the world.
The company is committed to becoming a leader in system solutions in the fields of data center, smart energy storage, industrial backup and green travel. The main products are valve controlled sealed batteries, lithium ion batteries, fuel cells and related materials.
The products are widely used in basic industries such as communication, electric power and railway; Strategic emerging industries such as solar energy, wind energy, smart grid, electric vehicles and energy storage power stations; Electric bicycle batteries, communication terminal application batteries and other livelihood industries.
On September 19, 2022, NARADA signed a contract with Pinggao Group International Engineering and Pinggao Group Energy Storage Technology to purchase 72 sets of battery clusters for energy storage projects, with a contract amount of 380 million RMB.
Company website: http://www.naradabattery.com.cn
Registered capital: 86487089300 RMB
Established time: April 19, 2016
Location: Jiangsu, China
HIGEE racks sixth in the top 10 energy storage technology manufacturers in China. It is mainly engaged in the research, development, production, sales and services of lithium-ion batteries, battery packs and systems for energy storage.
Its products are positioned in the field of energy storage applications, covering many fields such as large-scale container type energy storage systems, industrial and commercial energy storage products, household energy storage equipment and communication power backup.
Since its establishment, HIGEE has successively implemented a large number of energy storage projects, with a cumulative shipment of more than 2GWH, covering a full range of application scenarios.
Electric core, energy storage system, communication power supply, etc. Energy storage products include industrial and commercial energy storage system, liquid cooling energy storage system, home energy storage system, etc.
Company website: http://www.ihigee.com
Registered capital: 1215 million RMB
Established time: December 25, 1997
Location: Tianjin, China
LISHEN is a high-tech enterprise, the first lithium ion battery R&D and manufacturing enterprise in China, with 25 years of experience in lithium ion battery R&D and manufacturing. It has an annual production capacity of 15G watt hour lithium ion battery, and its market share in the international high-end market is among the top in the global lithium battery industry.
The company is actively exploring the global market. At present, it has established branches in Germany, the United States and other places to accelerate the connection with global high-end car manufacturers.
The products mainly include round (column), square, power and polymer batteries, energy storage system products and other series. The energy storage system products include large energy storage systems (indoor and container type), household energy storage systems, and base station application energy storage products.
Company website: http://www.lishen.com.cn
Registered capital: 1930362096 million RMB
Established time: November 28, 2018
Location: Jiangsu, China
Envision AESC, racking eighth in the top 10 energy storage technology manufacturers in China, is an intelligent battery technology company in China. It is committed to the R&D, design, manufacturing and sales of power battery systems and energy storage battery systems.
Envision AESC has provided battery products for 650000 electric vehicles in 44 countries, and has 11 production bases in China, Japan, the United States, Britain, France and Spain.
The company’s main products include battery management system, solar energy storage system, AC uninterruptible power supply equipment, inverter equipment, charging equipment and its parts, lithium ion battery, lithium polymer battery, energy storage battery, etc.
On September 14, 2022, Envision Group signed a cooperation agreement with the People’s Government of Cangzhou City, Hebei Province, China. Envision AESC will build an intelligent battery industry base in Cangzhou, China, with a planned annual capacity of 30GWh, and produce the latest generation of power battery and energy storage battery products, which are expected to be completed and put into operation in 2024.
Company website: http://www.envision-aesc.cn/
Registered capital: 200 million$
Established time: December 8th, 2015
Location: Jiangsu, China
CALB is a leading new energy technology enterprise in the world. Its product application market is represented by vehicle, marine and energy storage. At present, the company has set up several industrial bases to build industrial clusters in the Yangtze River Delta, the southwest, the middle and the Dawan District, and to achieve an all-round industrial layout.
The company’s main products include lithium ion power batteries, battery management systems, energy storage batteries and related integrated products and lithium battery materials.
Before September 21, 2022, CALB has passed the Hong Kong Stock Exchange listing hearing and plans to list on the Hong Kong Main Board. CALB will soon become the first power battery manufacturer in Hong Kong stock market.
Company website: http://www.calb-tech.com/path.html
Registered capital: 1506456558 RMB
Established time: February 9, 1996
Location: Jiangsu, China
ZTT describes a diversified industrial portfolio for marine equipment, renewable energy, new materials, smart grid, optical communication and other diversified industrial products. The company strives to be a pioneer in continuously striving to achieve the carbon dioxide emission peak in 2030 and the national goal of carbon neutrality in 2060.
ZTT currently has 6 factories in India, Brazil, Indonesia, Morocco, Türkiye and Germany. Its products are exported to 160 countries and regions, and the business has achieved full coverage of countries and regions along the the Belt and Road. It is also one of the top 10 lithium energy storage battery manufacturers in China in 2022.
The main products include optical fibers, ship cables, active devices, passive devices and other optoelectronic devices, high and low voltage switchgear, transformers, solar cell modules, solar photovoltaic backplanes, connection devices for charging equipment, energy storage systems, hybrid and electric vehicle battery systems, lithium batteries, emergency power supplies, charging and discharging equipment, inverter equipment, etc.
Company website: http://www.chinaztt.com/
Registered capital: 3412949652 RMB