The household energy storage market is showing an explosive trend in Europe and the United States. Data show that as of the end of June, the European power coal spot and TTF Dutch benchmark natural gas futures prices rose to 387.50 U.S. dollars / ton and 129.18 euros / MWh, respectively, compared with the beginning of the year increased by 187% and 80%, the price of electricity is highly correlated with the traditional energy prices, high energy prices to promote the European residential electricity prices rose sharply, so that the yield of European household energy storage products rose dramatically.
Accordingly, many organizations believe that "light + storage" more and more outstanding economic, household energy storage will rise, is expected to become the new energy industry following wind power, photovoltaic, electric vehicles after the fourth fast-growing track.
Global household energy storage demand is expected to usher in the doubling of growth
Household energy storage in the domestic heat is not high, but the development of overseas markets is in full swing.
The main role of household energy storage is to realize the daytime household photovoltaic power generation in the evening self-consumption, the main profit comes from the night residential electricity prices and daytime household photovoltaic feed-in tariffs difference, through the increase of household photovoltaic power generation to save electricity costs. As a result, demand for residential energy storage is concentrated in countries with high electricity prices, mainly the United States, Germany, Australia and Japan. According to IHSMarkit, the combined share of household energy storage in the above four countries is 74.8%. Among them, Europe is the world's largest household energy storage market.
Haitong Securities research report pointed out that the energy crisis spreading around the world at the end of 2021 was further aggravated by the Russian-Ukrainian conflict, which triggered the concern of European countries about energy security. Recently, developed areas of household photovoltaic penetration and household photovoltaic power continued to improve, as well as the simultaneous increase in the penetration rate of light storage integration, will also be a strong driver of household energy storage demand growth.
In this regard, CITIC CIC predicts that the new household energy storage installed capacity in Europe this year is expected to exceed 4GWh, for the largest household energy storage market. Haitong Securities believes that, driven by the European market, the global demand for household energy storage is expected to usher in a doubling of growth, the new capacity is expected to three-year compound growth rate of 48.3%.
European household energy storage market newcomers
In the energy storage battery technology route, overseas energy storage battery cell covers square, cylindrical and soft pack, the system contains LFP and ternary materials.
Based on the two important technology routes of "cylindrical + soft pack", Far Eastern (600869) has entered the European household energy storage system market one after another with its excellent product performance.
According to public information, in September 2021, far east shares household energy storage system signed 43.362 million yuan orders, all from the European market. This means that in 2021, the far east stock energy storage business in the overseas market has realized a major breakthrough from zero to one. 2022, the company lived up to its expectations, successively in February and May won the overseas household energy storage system orders of 228 million yuan and 100 million yuan. Taken together, the company's outdoor energy storage has signed a total of more than 370 million yuan of contract orders.
As a newcomer to the European residential energy storage market, in May this year, Far Eastern Battery also brought a variety of core products to debut in Germany's solar energy technology exposition IntersolarEurope.
Far East Battery relevant responsible person introduced to reporters, the company brought the ace product "FEB-HV5120-S1" high-pressure stacked household storage system at the German exhibition, is a household energy storage product solutions for the European market. The system uses safe and reliable lithium iron phosphate batteries with high charging and discharging efficiency and a cycle life of up to 6,000 times; in terms of later operation and maintenance, the system can be used to monitor the operation of the equipment through the monitoring website and cell phone apps to realize intelligent management. The system with high performance, good flexibility, high security, intelligence and other highlights to become the booth "favorite".
It is reported that the German solar energy technology exposition was founded in 1991, is the world's largest and most influential one of the solar energy professional exhibition and trade fair. In the past 31 years, the fair has become the most complete solar energy exhibition in the global industry chain. This exhibition is not only conducive to more in-depth exchanges between Far Eastern Battery and international customers, but also can effectively improve the global visibility of Far Eastern Battery.
Comprehensive layout laying the foundation for subsequent shipments of steady growth
It is reported that the far east battery has reached cylindrical lithium battery production capacity of 6GWh, reached the soft pack lithium battery production capacity of 1GWh, and is widely used in base station energy storage, household energy storage, medical energy storage and other fields.
In order to comprehensively promote the industrial layout, Far Eastern shares also invested in the Far Eastern Yibin Intelligent Industrial Park. In April this year, the industrial park officially started construction. According to the project planning, the park will be set up "new energy vehicle power battery with high-precision copper foil R & D and production base", after the completion of the base, the annual output of 50,000 tons of high-precision copper foil, and directly meet the demand for raw materials for battery enterprises, to a certain extent, to achieve the "complementary chain" of the power battery industry, and support the smart battery industry. To a certain extent, the power battery industry "complementary chain", and at the same time support the development of intelligent battery plate in the southwest region.
According to a senior executive of Far Eastern shares, the industrial park is expected to trial production of 30,000 tons of copper foil at the end of 2022 or early 2023.
It is worth mentioning that with cutting-edge equipment and strong technical strength, the company's lithium copper foil continues to supply customers such as Ningde Times (300750). At present, the company's 4.5m copper foil products have the ability to supply in bulk, the length of a single roll of copper foil 20,000 meters, tensile strength, elongation and other key indicators have reached the advanced level; in addition, the development of 4m ultra-thin copper foil with higher technological content has also been completed.
At the end of May, the far east shares of the European household energy storage products shipments, far east battery said, the smooth delivery of the order marks the far east battery officially entered the overseas energy storage market, with the new energy storage comprehensive market development, the company ushered in trillion segment market size opportunities, hope that the company can be first-class technology, first-class quality to create first-class energy storage products, and quickly seize the leading customers and the market.
