This week, the price of DC-side battery cabins experienced relatively small fluctuations. The average price for 5MWh DC-side battery cabins was 0.43 yuan/Wh, while the average price for 3.44/3.77MWh DC-side battery cabins was 0.438 yuan/Wh. As the period for the full marketization of on-grid tariffs for incremental projects under Document No. 136 approaches, the detailed rules for the participation of energy storage systems in the electricity market mechanisms across various provinces have not yet been fully implemented. Consequently, project owners are adopting a wait-and-see attitude. The supply-demand pattern in the energy storage market remains stable, with minimal price fluctuations for DC-side battery cabins. On May 12, China and the US issued the "Joint Statement of the China-US Geneva Economic and Trade Talks," reducing the tariff imposed by the US on Chinese energy storage products to 40.9%. However, it will still take time for US project owners and Chinese energy storage integrators to negotiate the proportion of tariff sharing. SMM predicts that in the short term, the price of DC-side battery cabins may continue to experience minor fluctuations.
On May 13, the winning bid result for the Engineering, Procurement, and Construction (EPC) contract of the Suqian Xinchu 200MW/400MWh Energy Storage Power Station Project by Suqian Xinchu Technology Co., Ltd. was announced. The project is located in Suqian City, Jiangsu Province, with a capacity of 200MW/400MWh. The winning bid price was 1.2 yuan/Wh.
SMM New Energy Industry Research Department
Wang Cong 021-51666838
Yu Xiaodan 021-20707870
Ma Rui 021-51595780
Xu Ying 021-51666707
Feng Disheng 021-51666714
Liu Yujun 021-20707895
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Ren Xiaoxuan 021-20707866
Liang Yushuo 021-20707892
Wang Jie 021-51595902
Xu Yang 021-51666760
Chen Bolin 021-51666836
