China’s Energy Storage Companies Secure Over 12GWh of Orders in Europe

Over 12 GWh! Chinese Energy Storage Companies Experience Surge in European Orders!

On May 13, 2025, the Intersolar Europe 2025 exhibition concluded after three days in Munich, Germany. The event featured 2,737 exhibitors from 57 countries, with around 850 exhibitors hailing from China. Chinese energy storage companies showcased various energy solutions, including storage batteries, storage systems, and charging infrastructure, and secured orders exceeding 12 GWh, marking a significant achievement at the exhibition.

According to data from the European Power Exchange (Epex Spot), Germany experienced a total of 468 hours of negative electricity prices in 2024, a 60% increase year-on-year. France’s negative pricing doubled to 356 hours, while Spain recorded 247 hours of negative prices for the first time. The oversupply of electricity indicates that the revenue per kilowatt-hour for new energy plants has been halved, leading to situations where companies must pay users to consume excess power.

This imbalance in electricity supply and demand has also been reflected in the grid. On April 28, Spain and Portugal faced the most severe nationwide blackout in nearly two decades. The aging grid and the withdrawal of traditional power sources have weakened grid stabilization capabilities, especially when combined with high renewable energy proportions and extreme heat.

In response to regular power outages caused by grid instability and rising energy costs, industrial and commercial enterprises are increasingly turning to energy storage solutions for self-supply, ensuring smooth production operations and cost savings. Households are installing home energy storage systems to secure essential electricity during extreme weather and outages.

Energy storage can store excess electricity generated from wind and solar power, releasing it during high-price periods. Promoting a “new energy + storage” model can effectively alleviate instances of surplus electricity and safeguard the revenue levels of new energy installations.

According to the SolarPower Europe report, titled 2025-2029 European Energy Storage Market Outlook, Europe is expected to add 12 GW/21.9 GWh of new storage capacity in 2024, representing a 35% year-on-year increase. Research consultancy LCP Delta predicts that by 2030, an additional 128 GW/300 GWh of electrochemical storage capacity will be installed, bringing the total to 163 GW.

The continuously growing demand for energy storage in Europe presents opportunities for Chinese companies venturing abroad. At this exhibition, nine Chinese energy storage companies signed contracts for over 12 GWh of storage orders, with partners across the UK, Germany, Czech Republic, Romania, and other regions. Desay Battery received the largest order, followed by Chuneng New Energy. The products signed by these companies included storage cells, storage systems, and battery prefabricated modules, primarily used in commercial and industrial storage applications, with some projects involving energy storage station construction.

From the perspective of cell manufacturers, three companies stand out. On May 8, Desay Battery signed a strategic cooperation framework agreement with Germany’s DOS Primärenergie Sonne GmbH to strategically deploy 4 GWh of energy storage stations in the Middle East, starting their collaboration in the Gulf region to explore innovative paths for energy transition in developing countries. Chuneng New Energy signed a significant 2.5 GWh order with Immersa in the UK, focusing on deep cooperation around Chuneng’s self-developed 5 MWh battery prefabricated module, CORNEX M5.

During May 7-8, Hive Energy signed four strategic cooperation agreements, with a total project scale exceeding 2 GWh. The company reached an agreement with an Indian firm for a project totaling 769 MWh, providing energy storage systems to Mumbai and Gujarat, utilizing Hive Energy’s second-generation 350Ah cells and dual-layer liquid cooling technology. At the same time, Hive Energy signed a memorandum of understanding with Hewang Electric to jointly explore markets in Europe, Southeast Asia, the Middle East, and the Americas, and reached a 450 MWh cooperation agreement with an exclusive distributor in Eastern Europe for a comprehensive product chain from cells to storage systems.

Additionally, Hive Energy is collaborating with innovative German developers and industry capital on the first batch of 42 MW projects, aiming for a cumulative development scale exceeding 700 MWh for large storage and commercial storage projects by 2030. Winco Energy secured the most diverse orders, with over 1.3 GWh of intended orders from countries including Germany, France, Switzerland, Romania, Bulgaria, the Netherlands, Turkey, Austria, and the Czech Republic. Sig Energy has also completed numerous strategic agreements, achieving a cumulative storage scale exceeding 1.2 GWh, including a formal cooperation framework agreement for 1 GWh of storage with Aprilice, the largest photovoltaic equipment distributor in Northern Europe.

Moreover, Sig signed a 200 MWh storage cooperation agreement with Global Solar Bulgaria, utilizing Sig’s SigenStack modular system for efficient applications in large storage scenarios, and also entered a new round of cooperation for a 20 MWh storage project with Bulgarian partner Debar Solar.

Shouhang New Energy signed strategic cooperation agreements for the PowerMagic series storage systems totaling over 1 GWh with several leading European energy firms. Hongzheng Energy officially launched a 200 MWh industrial and commercial storage project expansion plan with Czech energy giant Deldey. Hanfu Energy partnered with TECHNOENERGOSTROY in Bulgaria and ELCO in Romania to deploy over 30 MWh of industrial and commercial storage systems across multiple regions in both countries, addressing peak and valley price optimization and low-carbon transition needs in Eastern Europe. They also signed a strategic distribution agreement with Latvian company LUCIDUS to accelerate the application of integrated solar storage solutions in regional markets.

Zhuoyang Energy has signed several agreements with local European energy companies, including a 1 GW supply agreement, along with 180 MWh and 15 MWh storage project agreements, leveraging advanced technology to expedite Europe’s energy transition. Furthermore, Tronmei Storage has signed cooperation agreements with major strategic clients in Germany and Poland, marking a significant strategic transition from “product export” to “ecosystem co-building”.