Hyperstrong, the largest BESS system integrator in China, is targeting the US energy storage market after becoming one of the largest providers globally.
The company, full name Beijing HyperStrong Technology, grew substantially over 2019-2022 to become the largest system integrator in China, it claims, and one of the top five in the world by deployments according to S&P Global. Last year it deployed 10GWh in China and this year expects to do 20GWh.
The company has now set up offices in California (US), Frankfurt (Germany) and Australia to target the North America, EMEA and Asia-Pacific regions respectively, with a Singapore office covering the international operations at-large.
Hyperstrong buys battery cells and integrates them into a range of BESS solutions including DC and AC blocks along and building its own BESS components like containers, inverters and an energy management system (EMS) platform.
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Like other companies from China, the firm’s latest generation BESS solution is a 5MWh 20-foot DC block offering 1-4 hour durations, and it claims 10GWh of orders from outside China already.
A source close to the firm said that its approach to the US market would be ‘flexible’ with the acknowledgement that the market already had established providers with expertise across the BESS supply chain, and that it would seek to partner. It could bring Hyperstrong’s engineering and supply chain expertise, which it can leverage to control costs, to ‘boost the market overall’.
Consultancy Clean Energy Associates’ VP market intelligence told Energy-Storage.news at the event that, considering the potential of countries like the US further curbing imports from China in future, “…whatever market relationships can be developed before that happens is very important.”
Hyperstrong was a sponsor and speaker at Solar Media’s Energy Storage Summit (ESS) USA 2024 last month.
Interestingly, a source told Energy-Storage.news that BESS buyers in China are much more focused on price, whereas in the US and Europe buyers place more emphasis on whole lifecycle, battery degradation and various other metrics alongside price. Fierce competition in China’s domestic energy storage market by BESS providers has been noted in the last few years.
Energy-Storage.news’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.
