Hot Spots in the Industry for a Week Lithium carbonate hit the limit down, hitting a new low since its listing.

Hot Spots in the Industry for a Week

Lithium carbonate hit the limit down, hitting a new low since its listing.

According to the Guangzhou Futures Exchange, on December 1st, the main contract for lithium carbonate hit the limit down, a decrease of 6.97%, at 101500 yuan/ton, marking a new low since its listing.

Affected by lithium carbonate and overcapacity, according to the latest data from Xinlun Information, the price of 280Ah/0.5C specification energy storage cells has continued to decline and has now dropped to around 0.41 yuan/Wh.

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Chairman of Haichen Energy Storage violates the non compete agreement and pays a penalty of 1 million yuan to Ningde Times for breach of contract

On November 28th, a non compete dispute between Haichen Energy Storage and global power battery leader Ningde Times was publicly announced on the China Trial Open website. The trial process showed that Wu Zuyu, the founder of Haichen Energy Storage, violated the non compete agreement and poached talent from Ningde Times.

According to the court announcement, Wu Zuyu violated the non compete agreement. In September 2023, the arbitration commission ruled that Wu Zuyu should pay a penalty of 1 million yuan to Ningde Times for breach of contract. Wu Zuyu recognized the content of the arbitration commission's award and paid a penalty of 1 million yuan to Ningde Times on September 23, with the attached statement stating "Ninglao Renzhong Case (2023) No. 191 Award as penalty for breach of contract.".

It is reported that the focus of the lawsuit involves Zhang Min, a former Ningde Times battery system engineer. It is understood that before leaving Ningde Times, Zhang Min was mainly responsible for power product line planning and development, product development and mass production maintenance, and mastered core technical information such as Ningde Times high-power product development and design. After leaving Ningde Times at the end of 2021, I joined Xiamen Rare Earth Materials Research Institute to engage in research related to electrochemical energy storage and devices.

The public trial video shows that Zhang Min has worn the Haichen Energy Storage Work Permit multiple times to enter and exit the Haichen Energy Storage Plant. According to the evidence provided by Ningde Times, Zhang Min actually served Haichen Energy Storage during his time at Xiamen Rare Earth Materials Research Institute, violating non compete obligations.

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Analysis of the energy storage market this week

This week, the bidding situation in the energy storage market has declined compared to last week, and the winning situation is still good compared to last week. Some large capacity energy storage projects have been tendered or won, and it is expected that the future trend will develop towards large energy storage. Large capacity battery cells will also be launched one after another.

This week, energy storage batteries have been quite differentiated, with some battery companies still having orders at the end of the year, while some tail end companies have relatively flat transactions, with almost no orders available for delivery. This week, the price of battery cells is also in a continuous downward trend, and the price of low-cost battery cells has basically approached around 0.4 yuan/Wh. The downstream is in a wait-and-see situation, and overall, the market is relatively quiet.

In addition, starting from December, 20 regions including Zhejiang, Shanghai, Beijing, Guangdong, Hunan, Jiangsu, Jiangxi, Hebei, Heilongjiang, Jilin, Liaoning, Qinghai, Shandong, Shanxi, Shaanxi, Sichuan, Chongqing, Xinjiang, Fujian, and Guangxi will implement peak electricity prices, an increase of 9 provinces and cities compared to last month. The maximum peak valley electricity price difference in Shanghai reached 1.6994 yuan/kWh, followed closely by Hunan, reaching 1.5543 yuan/kWh. The further widening of the peak valley electricity price gap and the improvement of the time of use electricity price mechanism are expected to provide greater economic benefits for industrial and commercial energy storage.

In terms of bidding, this week, Guangdong Energy Group Xinjiang Co., Ltd. envied the bid opening for the procurement of energy storage system equipment, and CRRC Zhuzhou won the bid at a price of 0.638 yuan/Wh. It is worth noting that this price is even lower than the lowest bid record of 0.66 yuan/Wh in the energy storage bidding project of Longyuan Power last month. Currently, 0.638 yuan/Wh is the lowest bid price in history. If viewed from a cost perspective, the corresponding battery cell for this price may only be 0.368 yuan/Wh.

In addition, according to the latest new energy installation data released by the National Energy Administration, from January to October this year, wind power increased by 37.31 million kilowatts and photovoltaic power increased by 142 million kilowatts in China's new energy power generation installation, an increase of 76% and 145% respectively. At the end of the year, photovoltaic and wind power are also being installed in a centralized manner, which is also beneficial for energy storage.

This week, the European Commission also drafted a bill to expand investment in the European power grid, with plans to invest 584 billion euros (approximately 4.55 trillion yuan) by 2030. This is also great positive news for the overseas energy storage market.

Xinlun Information: The grid connection/operation status of some energy storage projects this week is as follows:

Huaneng Shangdu Wind Power Base Energy Storage Phase II and III Project Grid connected and put into operation:

Project location: Sichuan

Energy storage capacity: 200MW/400MWh

Project status: Grid connected and put into operation

Project Introduction: This project is invested and developed by Huaneng North Company, and developed and constructed by Huaneng Qingneng Institute. It is the world's largest single-layer station style energy storage power station with installed capacity, supporting the second and third phases of the Huaneng Shangdu million kilowatt wind power base. It is located in Shangdu County, Liangshan Prefecture, Sichuan Province. The project adopts a station building energy storage technology route, which improves the energy density, thermal management, and safety of the energy storage system, provides peak shaving, frequency regulation, new energy consumption and other services for the power grid, and improves the flexibility and stability of the power system. The project was successfully connected to the grid on November 27, 2023, marking the full completion of the second and third phases of the project. After the completion of this project, it can add about 1.4 billion kilowatt hours of green electricity to Shangdu County every year, save about 547600 tons of standard coal consumption, and reduce carbon dioxide emissions by about 1.064 million tons.

Fukang Zhongdian Construction New Energy Photovoltaic Energy Storage Project Full Capacity Grid Connected Power Generation:

Project location: Xinjiang

Energy storage capacity: 150MW/600MWh

Project status: Grid connected power generation

Project Introduction: This project is a photovoltaic energy storage supporting project developed by China Electric Power Construction New Energy Investment, located in the 100 million kilowatt level photovoltaic industrial park in Fukang City, Xinjiang. The total area of this project is about 20201 acres, with a photovoltaic installed capacity of 600MW. According to 25% of the photovoltaic installed capacity, a 4-hour energy storage system is configured, which is a 150MW/600MWh energy storage system. The project adopts a "photovoltaic power generation+energy storage" model, which combines solar photovoltaic power generation with energy storage technology. The electricity generated by photovoltaic power generation is stored in the form of chemical energy, which can store electricity during low electricity consumption periods and release electricity during high electricity consumption periods, effectively smoothing peak and valley periods and providing strong support for stable electricity supply. The project successfully achieved full capacity grid connected power generation on November 25, 2023, marking the full completion of the project. After the completion of this project, it can add about 1.22 billion kilowatt hours of green electricity to Fukang City every year, save 366600 tons of standard coal, reduce carbon dioxide emissions by about 870900 tons, and have significant implications for improving the surrounding ecological environment, driving high-quality economic development, accelerating the conversion of advantageous resources, and promoting energy structure adjustment.

Grid connection and operation of Jiangsu Fengchu Shared Energy Storage Project:

Project location: Jiangsu

Energy storage capacity: 200MW/400MWh

Project status: Grid connected and put into operation

Project Introduction: This project is a shared energy storage station developed by Fengchu Shared Energy Storage Investment, located in Rudong County, Nantong City, Jiangsu Province. The project covers an area of 126 acres, with a total investment of approximately 795 million yuan and an installed capacity of 200MW/400MWh. It is currently the largest electrochemical energy storage station in Jiangsu Province. The project adopts a "shared energy storage" model, breaking the traditional one-to-one correspondence between energy storage stations and power plants, and shifting towards a "1-to-N" relationship. New energy enterprises can meet their energy supply needs by leasing energy storage stations, without the need to build energy storage stations independently. The project was successfully connected to the grid and put into operation on November 29, 2023, marking the full completion of the project. After the completion of this project, it can add about 320 million kilowatt hours of green electricity to Rudong County every year, save 96000 tons of standard coal, reduce carbon dioxide emissions by about 236800 tons, and play an important role in improving the utilization rate of wind and photovoltaic power, optimizing the allocation of power grid resources, and promoting the consumption of new energy.

The grid connection and operation of the user side energy storage project in Xuancheng, Anhui:

Project location: Anhui

Energy storage capacity: 5MW/15MWh

Project status: Grid connected and put into operation

Project Introduction: This project is a user side energy storage project developed by Leizhenzi Energy Investment, with a system integration solution provided by Honeycomb Energy. It is located in Xuancheng City, Anhui Province. This project is the first household appliance chemical energy storage project in Xuancheng City, and also the largest user side energy storage project with the largest single installed capacity in Anhui Province. This project adopts long-life and high safety energy storage cells, and uses an open-door sea freight container as the energy storage carrier, forming a highly integrated and intelligent container type energy storage system. This project can provide enterprises with services such as peak shaving and valley filling, energy conservation and efficiency improvement, reducing electricity costs and carbon emissions. The project was successfully connected to the grid and put into operation on November 29, 2023, marking the full completion of the project. After the completion of this project, it can add approximately 875 million kilowatt hours of green electricity to the enterprise annually, save 258800 tons of standard coal annually, and reduce carbon dioxide emissions by approximately 510000 tons. This has a positive significance for promoting energy structure transformation and green development