The global expansion of Chinese energy storage companies is becoming a trend that cannot be ignored. Many well-known companies participated the event of Intersolar Europe 2023 in Munich, Germany, demonstrating China's strong strength in the field of energy storage. Although economic power such as Europe and the United States have established a solid foundation in the power industry and new energy markets, Chinese companies are developing steadily in the field of energy storage. According to relevant data, China and other six countries including the United States, Germany, Italy, the United Kingdom, Japan and Australia have already accounted for more than 90% of the global new electrochemical energy storage market. In the European market, due to the impact of soaring prices of natural gas and electricity, the economy of solar energy storage for household use have become increasingly prominent. Besides, the subsidization of balcony photovoltaics has further stimulated the interest of Chinese companies on the European market. The five major countries—Germany, Italy, the United Kingdom, Austria, and Switzerland—have already accounted for more than 90% of household energy storage in Europe, in which Germany has become the largest household energy storage market. In the post-epidemic era, energy storage exhibitions have become an important platform for Chinese energy storage companies to showcase themselves to the world. Many eye-catching new products were released during the event such as CATL's zero-assisted light storage solution and BYD's knife-equipped energy storage system. The Intersolar exhibition in Germany has become an important springboard for energy storage companies to enter the global market. Industry insiders have observed that at this year's Intersolar Europe exhibition, there are more faces from Chinese companies than last year, which means on the one hand that the influence of Chinese energy storage companies in the global market is gradually increasing.
Post time: Jun-29-2023