Weekly Industry Update: Over 30 New Energy Storage Products Launched Amid Responses from 20+ Companies to US Tariff War

In the past week (April 7-13), activity in the energy storage industry has continued to rise. Notable developments include:

• Orders and Performance: Colin Electric secured a 38MWh energy storage project contract in the Maldives; Tesla reported an additional 10.4GWh of energy storage installations in Q1; Haier New Energy obtained a procurement agreement worth 500 million for energy storage; EVE Energy signed an 11GWh cooperation order; Guoxuan High-tech finalized multiple energy storage projects totaling 444MWh; Yuneng Cube clinched a significant energy storage deal exceeding 2GWh in Japan.
• Investment and Financing: Minshan Environmental Energy is aiming to raise around 295 million yuan to boost energy storage and recycling projects as it prepares for an IPO on the Beijing Stock Exchange.
• New Products: Over 30 leading energy storage companies, including Nanpu Power, Hichain Energy, Zhiguang Energy, and Envision Energy, unveiled new products recently. Noteworthy items include 783Ah solid-state batteries and large-capacity energy storage systems of 6.25MWh and 8MWh+, which are setting new benchmarks in the industry. Power conversion systems (PCS) are adapting to accommodate these large-capacity cells, increasing power output to match cells of 500Ah+, 600Ah+, and even 700Ah+.
• Projects: A contract was signed for a 200MW/400MWh energy storage station in Shucheng, Anhui; China Electric Power Construction signed on a 200MW/800MWh energy storage project; Tibet’s largest solar-storage power generation project has been connected to the grid; Trina Solar partnered with the Qinghai province to co-build a 200MW/800MWh grid-side energy storage station; and Huaneng’s Huashan shared energy storage project has commenced construction, also at 200MW/400MWh.
• Collaborations: Pylon Technologies signed a strategic cooperation agreement with Suzhou Shengli New Energy to enhance commercial energy storage asset operations; Cai Ri Energy and Mai Mi Electric established a strategic partnership; Rongjie Energy and Linyang Energy signed a strategic cooperation agreement.

International Developments: Recently, over 20 A-share listed energy storage companies, including Sungrow Power, EVE Energy, and XINWANDA, responded to the impact of the US’s “reciprocal tariffs” policy, with most stating that the effect on their operations is limited due to a low proportion of business with the US. Swiss energy storage firm Energy Vault secured a contract for over 30GWh of storage in India; Germany installed a cumulative total of 15GWh of home solar storage systems, with one-third of that installed last year; the Australian Labor Party pledged to introduce a $2.3 billion home battery subsidy if re-elected; and Copia Power’s large solar-storage project, with 2200MWh of storage, has received $1.71 billion in financing.

Investment and Financing

Minshan Environmental Energy is aiming to list on the Beijing Stock Exchange, intending to raise 295 million yuan for various energy storage and recycling projects, including:

• User-side electrochemical energy storage station (Phase 1)
• Retired power battery reuse and recycling project (Phase 1)
• Networked smart urban mining recycling system (Phase 1)
• Materials science and urban mining joint laboratory project
• Minshan Environmental photovoltaic comprehensive smart energy project

Collaborations

• Pylon Technologies and Suzhou Shengli New Energy signed a strategic cooperation agreement on April 7, focusing on commercial energy storage asset operations, solution innovations, and market expansion.
• Cai Ri Energy and Mai Mi Electric formalized a strategic cooperation agreement on April 7, targeting deep collaboration in supplying energy storage system components, product development, testing, and manufacturing.
• Rongjie Energy and Linyang Energy recently signed a strategic cooperation agreement to collaborate on energy storage, heavy-duty truck battery swapping, and ship power sectors to promote green energy technology innovation and application.

New Products

• Nanpu Power launched a range of energy storage solutions, including the CENTERL ULTRA 6.25MWh liquid-cooling energy storage system, designed to accommodate dual-cell forms (587Ah/783Ah) and achieve a temperature difference of ≤2.5℃.
• Hichain Energy introduced the ∞Cell 587Ah battery, measuring 73.5*286*216mm, achieving 94.5% energy efficiency and over 10,000 cycles, with production expected in the second half of 2025.
• Envision Energy displayed its 530Ah storage cell, realizing over 1.6kWh per cell with a cycle life of 12,000 times and high energy efficiency.
• Zhiguang Energy presented its latest grid-type intelligent energy storage system, enhancing grid resilience through dynamic voltage and frequency adjustments while optimizing charging and discharging strategies using AI.

Orders and Performance

• Colin Electric secured a contract for the “Maldives 18 Islands 38MWh Energy Storage System” worth nearly 130 million yuan.
• Tesla reported an increase of 10.4GWh in energy storage installations for Q1 2025, marking a year-on-year growth of 156.6%.
• EVE Energy signed strategic cooperation agreements totaling 61GWh this year, including a 10GWh deal with Wo Tai Energy and a 1GWh framework with Weisheng Energy Technology.
• Haier New Energy initiated a new mode of cooperation for energy storage stations with China Construction Investment Leasing, focusing on various energy scenarios.
• Guoxuan High-tech has signed multiple energy storage projects totaling 444MWh, including partnerships in Taiwan and Japan.
• Yuneng Cube entered a strategic procurement agreement with Japan’s Noah for a total of 2GWh of grid frequency regulation energy storage systems.

Project Updates

• A contract for a 200MW/400MWh energy storage station was signed in Shucheng, Anhui, with an investment of nearly 600 million yuan.
• China Electric Power Construction signed a project investment agreement for a 200MW/800MWh independent energy storage station in Hebei.
• Tibet’s largest solar-storage project, located at over 4500 meters elevation, has successfully connected to the grid with a total capacity of 250MW of solar and a 50MW/200MWh energy storage system.
• Trina Solar will collaborate with Qinghai province to develop a 200MW/800MWh grid-side energy storage station.
• Huaneng’s shared energy storage project in Qujing has begun construction, featuring 40 storage units.

International News

In response to the US’s increased tariffs on Chinese goods, over 20 A-share listed energy storage companies, including Sungrow Power and EVE Energy, reported minimal impact on their operations due to the low volume of business with the US. Swiss company Energy Vault has signed a contract for 30GWh+ of energy storage in India. In Germany, more than 1.8 million home solar storage systems have been installed, totaling 15GWh, with one-third installed last year. In Australia, the Labor Party promised to introduce a $2.3 billion subsidy program for home batteries if re-elected.

Additionally, Copia Power has secured $1.71 billion in financing for its large solar-storage project in Arizona, which will provide 550MW of solar power and 2200MWh of storage.