State-owned EPC firm China Power Construction Group (Power China) recently concluded a 16GWh BESS supply tender, which resulted in extremely low prices amidst a squeezing of market share and increased buying power from state-owned companies, an S&P analyst told Energy-Storage.news.
We hear from S&P Global Commodity Insights analysts and a former Fluence executive about the major trends shaping the competitive landscape of system integrators in the BESS industry.
Industry sources including ex-Fluence executives discuss what the next era for the rapidly-evolving BESS technology landscape looks like, including the move to AC blocks and changing battery cell sizes.
Research firm Wood Mackenzie has released its latest global battery energy storage system BESS integrator report, for 2023, showing the market became more competitive with a smaller share by the top five.
We heard from system integrator, developer and EPC delegates at the Energy Storage Summit EU in London last month about the implications of falling BESS prices.
Sungrow tells Energy-Storage.news that it does not currently have plans to launch its own lithium-ion battery cell production for battery energy storage system (BESS) products, a route being taken by other China-based system integrators.
Wärtsilä’s decision to launch a strategic review of its energy storage & optimisation (ES&O) business, including potential divestment, may be because of its dilutive effect on the broader company’s margins, an analyst told Energy-Storage.news.
Huawei and BYD were among the five largest battery energy storage system (BESS) integrators globally last year, with the Chinese market going through a ‘price war’ of competition, according to research from Wood Mackenzie.
Substantial growth in China’s domestic energy storage market has led to locally-based players Sungrow and Hyperstrong becoming top five system integrators globally, S&P Global Commodity Insights said.
