Energy Storage News Highlights
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Key Developments in Energy Storage
On May 22, Changan Automobile announced during an investment briefing that it plans to significantly upgrade its core battery technologies. By 2025-2026, the company aims to complete a 50GWh battery production capacity investment, raising its total capacity to 75GWh. In the realm of solid-state batteries, Changan expects to validate solid-state battery installations by 2026 and to move towards full commercialization by 2027.
On the same day, Dangsheng Technology revealed plans to raise over 800 million yuan to support product development and overseas expansion, as part of its 2024 stock issuance aimed at targeted investors.
In corporate governance news, He Lianjun stepped down as chairman of Chuaneng Power, with Zhang Zhongwu nominated as a candidate for the board following a recent board meeting announcement.
In project procurement, CATL was named the primary candidate for a 300MW/1200MWh energy storage system in Gansu, with a bid price of 0.499 yuan/Wh.
A new production facility for Wotai Energy was inaugurated on May 13, focusing on solid-state and flow battery technologies, with an investment of over 5 billion yuan.
In a significant joint venture, Yongfu Co. and Water Power 16 Bureau won a bid for a major energy storage project in Inner Mongolia, which is among the largest globally, with a design capacity of 1GW/6GWh.
China’s automotive engineering society has established a new standard for solid-state batteries, clarifying definitions and technological boundaries as of May 22, 2025.
The energy storage market is undergoing a transformation, moving from a reliance on policy to creating value, as indicated by recent developments leading to innovative technologies and business models.
On another front, the U.S. has initiated an anti-subsidy investigation that may impose tariffs of up to 721% on imported anode materials from China, which could severely impact companies like Tesla.
In Beijing, new measures have been announced to promote green, low-carbon development, focusing on energy storage and carbon neutrality.
Recent updates from various energy projects include:
- Qinghai Province launched its integrated energy storage system with a capacity of 200MW/800MWh.
- Yunnan Province has initiated the largest independent shared energy storage project with a capacity of 600MW/1200MWh.
- The Ningxia Zhongwei project has released bid results for a 200MW/400MWh storage system, with prices ranging from 1.019 to 1.03 yuan/Wh.
With advancements in technology, energy storage is poised to become a crucial component of the energy landscape, characterized by innovative solutions and strategic collaborations.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/latest-developments-in-energy-storage-key-projects-and-industry-trends-from-may-2025/
