Top 10 energy storage system integration companies in China in 2022

Top 10 energy storage system integration companies

CATL

Company profile:
One of top 10 energy storage system integration companies in China, CATL also as one of the top 10 lithium ion battery manufacturers is the world’s leading new energy innovation technology company, dedicated to providing first-class solutions and services for global new energy applications.

After years of operation, the company has built a leading R&D and manufacturing base for power batteries and energy storage systems in China, with core technologies for the entire industry chain of materials, cells, battery systems, and battery recycling. Committed to providing solutions for global green energy applications and energy storage through advanced battery technology.

Recent layout:
In the first half of 2022, CATL achieved a revenue of 112.97 billion RMB, year-on-year increase of 156.32%, close to the annual revenue level of last year (130 billion RMB). The net profit attributable to the parent company was 8.168 billion RMB, a year-on-year increase of 82.17%.

In the first half of 2022, CATL’s energy storage system business achieved sales revenue of over 12.7 billion RMB, a year-on-year increase of 171.41%. By the end of 2021, CATL’s energy storage products have been sold to more than 25 countries around the world, including the United States, the United Kingdom, Germany and Australia, and the cumulative shipment of outdoor liquid-cooled electric cabinet EnerOne alone exceeds 11GWh.

Total market value: 1085.384 billion RMB
Company website: https://www.catl.com/

Sungrow

Company profile:
Sungrow as a company in top 10 energy storage system integration companies in China is a national key high-tech enterprise focusing on the research and development, production, sales and service of renewable energy power products such as solar energy and wind energy. The main products are photovoltaic inverters, wind energy converters, power system power supplies, etc., and provide project consulting, system design and technical support services.

It is China’s largest photovoltaic inverter manufacturer, China’s leading wind energy converter company, and one of the few companies in China’s new energy industry that has mastered multiple core technologies and has completely independent intellectual property rights.

Recent layout:
In the first half of 2022, the revenue was 12.281 billion RMB, an increase of 49.59%. The net profit attributable to the parent was 900 million RMB, an increase of 18.95%. In 2022H1, the energy storage system business will achieve revenue of 2.386 billion RMB, an increase of 159.33%, with shipments of about 2gwh and a market share of about 11%. Among them, the household storage system shipped about 15,000 units. The gross profit margin in the first half of 2022 is 18.37%.

As one of the earliest companies involved in the energy storage field in China, Sungrow’s energy storage system business covers China, the United States, the United Kingdom, Germany, Japan and other countries and regions, and its energy storage system shipments have ranked first among Chinese companies for six consecutive years.

Total market value: 175.253 billion RMB
Company website: http://www.sungrowpower.com

BYD

Company profile:
BYD was founded in February 1995, and after more than 20 years of fast growth, the company has established over 30 industrial parks worldwide and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion.

Recent layout:
BYD’s 2022 H1 operating income is 150.6 billion RMB, a year-on-year increase of 65.71%. The net profit attributable to the parent was 3.595 billion RMB, a year-on-year increase of 206.35%. In the first half of the year, BYD’s installed capacity of power batteries and energy storage batteries was 34GWH, a year-on-year increase of 168%.

In the top 10 energy storage system integration companies in China, since 2008, BYD has been in the energy storage industry for 13 years, and products such as energy storage systems have entered many global markets such as the United States, the United Kingdom, Germany, France, Japan, Canada, and Australia, with global shipments exceeding 5GWh. Judging from the scale of China’s large-scale energy storage bidding, BYD ranked first in the energy storage system in the first half of 2022, and there are still projects winning bids in July and August.

Total market value: 830.549 billion RMB
Company website: http://www.byd.com

ZTT

Company profile:
ZTT has pictured a diversified industrial portfolio for marine equipment, renewable energy, new materials, smart grid, optical communications and other diversified industrial products. ZTT takes power station construction as the leader, distributed photovoltaics as the feature, micro-grid technology as the core, key materials as breakthroughs, and large-scale energy storage systems as the bright spot, gradually growing into a new growth pole of ZTT.

Recent layout:
In the first half of 2022, ZTT achieved a revenue of 20.042 billion RMB, a year-on-year decrease of 16%, and a net profit attributable to the parent of 1.824 billion RMB, a year-on-year increase of 645%. In terms of energy storage system, one of top 10 energy storage system integration companies in China, ZTT continues to iterate on the solution of energy storage lithium battery system, and released high-pressure liquid-cooled energy storage system, patented U-shaped liquid-cooled plate and professional pipeline design, precise temperature control, and enhanced energy storage system security.

Total market value: 83.89 billion RMB
Company website: http://www.chinaztt.cn

RISEN

Company profile:
As a world-leading new energy enterprise, Risen Energy is driving global energy innovation with solar modules and photovoltaic power plants, providing sustainable energy solutions and integrated services across the globe. Risen Energy is helping the customers reach their low-carbon and zero-carbon goals. Risen Energy strives to do our part to support the global community in entering a new era of carbon neutrality.

Recent layout:
In the first half of 2022, RISEN achieved operating income of 12.615 billion RMB, a year-on-year increase of 51.29%. The net profit attributable to the parent company was 504 million RMB, a year-on-year increase of 653.56%. As the world’s leading photovoltaic module manufacturer, RISEN vigorously promotes the development of energy storage business. The company’s “photovoltaic storage”, “photovoltaic storage and charging” integrated solutions, and smart microgrid solutions have been commercialized.

Total market value: 26.373 billion RMB
Company website: http://www.risenenergy.com

GCL-ET

Company profile:
GCL-ET is a subsidiary of GCL (Group) Holdings Co., Ltd. and was listed on Shenzhen Stock Exchange in May 2019. Mainly engaged in green energy operation, mobile energy operation and comprehensive energy services, GCL-ET strives to build a convenient, economical and green travel ecosystem that ranges from clean energy production, battery-swap service to energy storage, and provide integrated energy solutions for electric travel. GCL-ET is committed to becoming a leading operator of mobile digital energy technology.

Recent layout:
In top 10 energy storage system integration companies in China, GCL-ET will achieve operating income of 5.03 billion RMB in H1 in 2022, and the net profit attributable to shareholders of listed companies will be 387 million RMB. GCL-ET focuses on creating a convenient, economical and green travel ecosystem from clean energy production, energy supplementation services to energy storage, and provides integrated energy solutions for electric travel. Up to now, the company has put into operation more than 30 energy service projects such as energy storage, distributed energy, and microgrid.

Total market value: 22.954 billion RMB
Company website: http://www.gcl-et.com

CYG

Company profile:
The CYG smart grid equipment and energy Internet technology service industry covers all fields of the entire network from power generation, transmission, substation, distribution to electricity consumption. In the international trend of integration of smart grid solutions, the company has achieved significant advantages.

The smart device industry in consumer electronics and other fields mainly includes two product series: test systems and automation equipment. Provide comprehensive solutions for industries such as consumer electronics, new energy vehicles, semiconductor chip manufacturing, high-end medical care, smart clothing manufacturing, and smart parking.

Recent layout:
In the first half of 2022, the operating income will be 3.3996 billion RMB, and the net profit attributable to shareholders of the listed company will be 146 million RMB. The company has been in the field of energy storage for a long time, and has accumulated rich practical experience in wind and solar energy storage.

The self-developed energy storage monitoring and energy management system, integrated energy coordination controller, energy storage converter, etc. have passed a number of third-party tests, and are widely used in energy storage stations, microgrids, new energy storage integration and other types of projects . As of June 2022, CYG has served a total of 103 energy storage power stations, with a service scale of 1054MW/2026.36MWh, and has a large number of energy storage engineering practices in the five major power links of generation, transmission, transformation, distribution, and use.

Total market value: 6.803 billion RMB
Company website: http://www.cyg.com

Trina Solar

Company profile:
One of top 10 solar battery manufacturer Trina Solar is the world’s leading photovoltaic smart energy total solution provider. Focusing on global sustainable development, Trina Solar in  top 10 energy storage system integration companies in China is committed to promoting the grid parity of photovoltaics and popularizing green energy.

It provides solutions ranging from photovoltaic products to smart energy. It continues to develop and innovate, lead the progress of the photovoltaic industry, and use solar energy to benefit all mankind. Up to now, the company’s cumulative module shipments have exceeded 77 GW, ranking among the top 500 private enterprises in China.

Recent layout:
In the first half of 2022, Trina Solar achieved an operating income of 35.731 billion RMB, a year-on-year increase of 76.99%, and a net profit of 1.269 billion RMB, a year-on-year increase of 79.85%. In the first half of the year, Trina Solar’s distributed photovoltaic system shipments exceeded 2.2GW, and energy storage exceeded 100 MWh of single-unit projects in China, and achieved large-scale projects in the global market. At present, Trina Solar has a global project reserve of 5GWh, with projects distributed in China, the United States, the United Kingdom, Germany, Australia, Israel, Japan and other countries.

Total market value: 155.113 billion RMB
Company website: http://www.trinasolar.com/cn

NARI

Company profile:
NARI is an integrated energy Internet solution provider with energy and power intelligence as the core.NARI is an outstanding IT enterprise and a leader in electric power intelligence in the fields of energy, power and industrial control in China.

Recent layout:
In the first half of 2022, NARI achieved operating income of 16.323 billion RMB, a year-on-year increase of 10%. Net profit attributable to the parent was 2.110 billion RMB, a year-on-year increase of 14%. In the field of energy storage, NARI is mainly engaged in the R&D and production of energy storage equipment such as large-capacity electrochemical energy storage power station energy storage converters, energy storage power station monitoring systems, energy management systems, and converter coordination control systems.

In H1 2022, NARI’s integration and other businesses will achieve operating income of 806 million RMB, a year-on-year increase of 5.71%, with revenue accounting for 5% of the total business, and business revenue in all segments has achieved growth.

Total market value: 176.203 billion RMB
Company website: http://www.naritech.cn

EVE

Company profile:
Founded in 2001, EVE is a national high-tech enterprise focusing on the innovative development of lithium batteries. After more than ten years of hard work, the company’s lithium sub-battery ranks in the forefront of the world, and its lithium primary battery ranks in the leading position in China. In recent years, the company has focused on the power and energy storage markets, and adopted highly automated and information-based production methods to provide customers with first-class products and services.

Recent layout:
EVE is one of the top 10 energy storage system integration companies in China, EVE’s operating income in the first half of 2022 was approximately 14.926 billion yuan, and the net profit attributable to shareholders of listed companies was approximately 1.359 billion RMB.

In terms of energy storage, EVE has carried out business cooperation with China’s major telecom operators, leading communication facilities enterprises, and multi-regional power grid companies in the fields of communication energy storage or grid-side supporting facilities. In addition, it has accumulated a number of well-known brand customers from all over the world in the fields of household energy storage systems, industrial and commercial energy storage.

Total market value: 183.993 billion RMB
Company website: http://www.evebattery.com