China-europe commercial and industrial energy storage

Does China have a C&I storage market?

In terms of installations in China, the domestic C&I storage market is still nascent but has already attracted considerable interest from cross-border companies spanning industries such as furniture, energy, consumer electronics, environmental technology, lithium-ion battery production, and solar energy.

Are commercial and industrial energy storage systems becoming more popular?

Regarding ESS types, commercial and industrial (C&I) energy storage systems are entering a phase of swift development, surpassing the incremental growth of utility-scale installations and other ESS types by a significant margin.

How many C&I storage systems will goodwe install in Europe?

“This market segment is not affected by the same situation as the residential sector, mainly because you don’t produce so many C&I storage systems in advance,” he said. Over the next year, he said he expects GoodWe to install between 3000 and 4000 C&I storage systems in Europe.

Is the European storage market growing?

Shen stated that the European market is experiencing steady growth and is expected to remain robust during an interview conducted on the trade show floor. However, competition is tough, especially in the residential storage market. Shen spoke of a backlog of storage systems that is still in stock with European distributors and installers.

Is C&I energy storage viable in 2023?

Consequently, the economic viability of C&I energy storage became increasingly compelling, catalyzing rapid growth within the energy storage industry. This robust momentum positioned 2023 as a promising starting point for C&I storage.

What is the future of energy storage?

Commercial and industrial (C&I) ESS is experiencing a surge in growth, entering a phase of rapid development. The increase in installations for utility-scale ESS far outpaces that of other types. In the realm of residential energy storage, projections for new installations in 2024 stand at 11GW/20.9GWh, reflecting a modest 5% and 11% increase.