Energy Crisis Sparks Surge in Storage Product Prices as Companies Like Risen Energy Target Southeast Asian Market

The recent crisis between India and Pakistan has led to a dramatic surge in the prices of energy storage products. Companies like Risen Energy are proactively positioning themselves to tap into this emerging market.

On April 23, India’s Energy Minister Khalid Khan presented satellite images showing that India had shut down the gates of three newly constructed hydropower stations upstream on the Jhelum River, effectively cutting off water flow from the Indus River tributaries to Pakistan. This resulted in a significant drop in water levels at the Tarbela Dam, the largest earth-filled dam in the world, which saw a 40% decrease in output within 72 hours, leading to a nationwide power supply disruption affecting 30% of Pakistan’s electricity.

In retaliation, Pakistan exploited vulnerabilities in India’s outdated SCADA system to incapacitate 70% of India’s power grid. As both nations grappled with energy shortages, Risen Energy and other firms are aggressively entering the Southeast Asian market to alleviate energy demands and expand their business.

On the international stage, India announced it would suspend the 1960 Indus Waters Treaty, mediated by the World Bank, until Pakistan ceases its support for cross-border terrorism. This treaty has historically secured 80% of Pakistan’s water supplies, marking India’s first significant breach of the agreement in its 60-year history.

Approximately 30% of Pakistan’s electricity is generated from hydropower stations in the Indus River basin, which serves as the source of 85% of the country’s hydropower capacity. The cutoff of water supply from India exacerbated Pakistan’s already strained electricity supply. Additionally, Pakistan’s textile industry, which accounts for 60% of its exports, heavily relies on stable electricity. The agricultural sector, which depends on these rivers for 60% of its irrigation, faces dire consequences, potentially causing a 1.5% to 2% drop in Pakistan’s GDP.

In response to the crisis, many residents in Lahore have turned to solar panels to cope with power outages, with the demand for portable energy storage devices skyrocketing. The situation has created a panic in both countries, with India also witnessing a surge in demand for energy storage solutions. Although the government claims that the power grid is resilient, residents in the Jammu-Kashmir region report long waiting lists for home solar installations, stating, “The most sought-after item now is not gold, but energy storage units that can last for 48 hours.”

The rising demand for energy storage solutions has prompted international energy companies to step in. Reports indicate that orders for Tesla’s Powerwall in South Asia have surged fourfold, while German company Sonnen has introduced an “Energy Security Assurance Plan,” ensuring priority access to 72 hours of power during grid failures. On the policy front, energy storage is evolving from a discretionary purchase to a strategic necessity. The Indian government has raised its energy storage target for 2025 from 15 GW to 25 GW, mandating that new solar projects incorporate 20% energy storage capacity. Meanwhile, Pakistan has launched a “National Solar Plan,” offering 50% interest subsidies for households installing energy storage systems and considering including these devices in national emergency reserves.

In Pakistan, facing a shortage of lithium resources, companies are exploring alternatives. A notable development is the world’s first 10 MWh sodium-ion energy storage station, which has completed grid testing on the outskirts of Lahore. This initiative, backed by Chinese technology, offers a cost advantage of 30% over lithium batteries.

Risen Energy, primarily focused on the research, development, production, and sales of solar photovoltaic (PV) components, is also involved in PV plant EPC and operation, as well as energy storage. The company has established a strong position in the photovoltaic industry chain and has made significant advancements in high-efficiency photovoltaic cells and modules. Their heterojunction cells have achieved an average mass production efficiency exceeding 26.2%, while their PV modules have an average power output of 730 Wp. The company’s innovations have reduced the silver consumption to 5 mg/W, a 37.5% decrease compared to mainstream TOPCon technologies.

With an annual production capacity of 40 GW by the end of 2024, Risen Energy’s manufacturing bases are located in Ningbo, Jintan, Yiwu, Chuzhou, Malaysia, and Baotou. Current projects include a 5 GW N-type ultra-low carbon heterojunction cell project and a 4 GW high-efficiency solar cell project in Jiangsu.

The global shift towards renewable energy is driving diverse demands for energy storage solutions across commercial and residential sectors. Traditional energy storage products are increasingly inadequate for the flexible, efficient, safe, and intelligent requirements of various use cases. To address these needs, Risen Energy has launched the Risen Stack, a truly modular and integrated energy storage system. This innovative product redefines application scenarios and product performance by offering high-efficiency backup power, exceptional safety, rapid maintenance, and multi-dimensional intelligence.

With a flexible capacity range of 48 kWh to 120 kWh, the Risen Stack can be tailored to meet the needs of large commercial facilities or residential users. The system supports on-demand expansion and enables quick deployments, ensuring reliable energy supply and safety for critical loads. The Risen Stack moves away from traditional commercial energy storage methods, employing diverse control strategies and rapidly evolving hardware and software systems to deliver optimal energy solutions in real time.

The introduction of the Risen Stack marks a significant achievement in Risen Energy’s ongoing commitment to innovation in the energy sector. Moving forward, the Risen Stack series aims to uphold the philosophy of “Redefining Business & Life,” focusing on small business and consumer applications while continuously optimizing product performance and expanding its application fields to provide high-quality energy solutions.