Weekly Industry Update: Over 30 New Energy Storage Products Released and 20 Companies Respond to US Tariff Challenges

Weekly Industry Update | Over 30 New Energy Storage Products Launched; More than 20 Publicly Listed Energy Storage Companies Respond to US Tariff War

From April 7 to April 13, 2025, the energy storage industry showed increased activity. In terms of orders and performance, Corin Electric secured a contract for a 38MWh energy storage project in the Maldives; Tesla reported an additional 10.4GWh of energy storage installations in Q1; Haier New Energy signed a procurement agreement worth 500 million for energy storage; Yiwei Lithium Energy finalized an 11GWh cooperation order; Guoxuan High-Tech signed multiple energy storage projects totaling 444MWh; and Yuneng Mofang landed a major order for over 2GWh in Japan.

In financing, Mianshan Environmental Energy is aiming for an IPO on the Beijing Stock Exchange, seeking to raise about 295 million yuan to bolster energy storage and recycling projects. Recently, over 30 leading energy storage companies, including Nanfu Power Supply, Haichen Energy Storage, Zhi Guang Energy Storage, and Yuanjing Power, launched new products featuring significant innovations. Notable releases included 783Ah solid-state batteries and large-capacity energy storage systems of 6.25MWh and 8MWh, setting new industry benchmarks.

Project updates include the signing of a 200MW/400MWh energy storage station project in Shucheng, Anhui; a 200MW/800MWh project agreement with China Electric Power Construction; the commissioning of Tibet’s largest solar-storage power generation project; and a collaborative effort between Trina Solar and the Qinghai Province to co-develop a 200MW/800MWh grid-side energy storage station. Additionally, the Huaneng Huashan Shared Energy Storage Project has begun construction, with a capacity of 200MW/400MWh.

In terms of partnerships, Pi Energy Technology 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; and Rongjie Energy partnered with Lin Yang Energy Storage for various collaborative projects.

Internationally, over 20 publicly listed energy storage companies in China, including Sunshine Power, Yiwei Lithium Energy, XINWANDA, Huabao New Energy, and Shouhang New Energy, responded to the impact of the US “reciprocal tariff” policy, with most companies noting limited effects due to the low proportion of their business tied to the US. Meanwhile, Swiss gravity energy storage firm Energy Vault signed a contract for over 30GWh of energy storage in India, and Germany’s home solar storage systems have reached 15GWh of cumulative installed capacity, with one-third installed last year. The Australian Labor Party has pledged to introduce a 23 billion AUD home battery subsidy if re-elected.

Details on some companies regarding capacity, financing, orders, and projects are as follows:

Financing

Mianshan Environmental Energy targets an IPO on the Beijing Stock Exchange, aiming to raise approximately 295 million yuan for various energy projects.

Cooperation

Pi Energy Technology and Suzhou Shengli New Energy signed a strategic cooperation agreement on April 7, focusing on commercial energy storage asset operations and market expansion.

Cai Ri Energy and Mai Mi Electric held a strategic cooperation signing ceremony on April 7, focusing on deep collaboration in energy storage system components and product development.

Rongjie Energy and Lin Yang Energy Storage recently signed a strategic cooperation agreement covering multiple fields, including energy storage and green energy technology applications.

New Products

Nanfu Power Supply recently launched several new energy storage products, including the CENTERL ULTRA 6.25MWh liquid-cooled energy storage system, which features dual-cell compatibility and a system-level temperature difference of ≤2.5°C, significantly reducing installation time by 50%. The CENTERLMAX 8.338MWh liquid-cooled system has set a new industry record for energy density.

Haichen Energy Storage introduced the ∞Cell 587Ah battery, which achieves 94.5% energy efficiency and a cycle life exceeding 10,000 times, to be globally sampled starting April 2025.

Yuanjing Power showcased a range of large-capacity energy storage cells, including a 530Ah cell, which will begin mass production in 2025.

Zhi Guang Energy Storage presented its latest intelligent energy storage system designed to enhance grid resilience through dynamic voltage and frequency adjustments.

Orders/Performance

Corin Electric secured a contract for a 38MWh energy storage system in the Maldives valued at nearly 130 million yuan.

Tesla disclosed that it added 10.4GWh of energy storage installations in Q1 2025, a year-on-year increase of 156.6%.

Yiwei Lithium Energy signed strategic cooperation agreements totaling 61GWh this year.

Haier New Energy initiated a new model for energy storage station collaboration with a 100MWh development intention.

Guoxuan High-Tech signed multiple contracts totaling 444MWh across various projects in Taiwan and Japan.

Yuneng Mofang entered into a strategic procurement agreement for 2GWh of grid frequency regulation energy storage systems in Japan.

Projects

Shucheng, Anhui has signed a contract for a 200MW/400MWh energy storage project, with an investment of nearly 600 million yuan.

China Electric Power Construction signed a 200MW/800MWh energy storage project investment agreement in Baixiang County, Hebei.

The largest integrated solar-storage project in Tibet has been commissioned, featuring a capacity of 250MW and a matching 50MW/200MWh energy storage system.

Trina Solar and Qinghai Province signed a partnership agreement to develop a 200MW/800MWh grid-side energy storage station.

The Huaneng Huashan Shared Energy Storage Project has commenced construction, featuring a total capacity of 200MW/400MWh.

International Response

Over 20 publicly listed energy storage companies in China have addressed the impacts of the US tariff policies, indicating minimal effects due to limited exposure to the US market. Additionally, Energy Vault has signed a contract in India and Germany has installed over 15GWh of energy storage systems, with substantial installations occurring last year.

The Australian Labor Party plans to implement a 23 billion AUD subsidy for home batteries if re-elected.

Copia Power has successfully raised $1.71 billion for its Maricopa Energy Centre project, combining 550MW solar power with 2200MWh of energy storage.