First quarter energy storage battery field

How many GWh of energy-storage cells were shipped in the first quarter?

The world shipped 38.82 GWh of energy-storage cells in the first quarter this year, with utility-scale and C&I projects accounting for 34.75 GWh and small-scale (including telecom projects, hereafter as small-scale) projects 4.07 GWh, according to Global Lithium-Ion Battery Supply Chain Database of InfoLink.

What is the profit margin for dynamic storage batteries in 2023?

The profitability of the company's dynamic storage batteries is stable. The company's gross profit margin for power batteries in 2023 will be 14.37%, a year-on-year increase of -1.59 pct, and the gross profit margin of energy storage batteries will be 17.03%, a year-on-year increase of +8.07 pct.

Why did China's energy storage capacity expand in the first quarter?

China's energy storage capacity has further expanded in the first quarter amid the country's efforts to advance its green energy transition.

Which companies shipped the most energy in the first quarter?

Samsung SDI and LG experienced slight declines, only amassing 6.3% of market share. For utility-scale and C&I projects, the top five manufacturers shipping the most in the first quarter were CATL, EVE Energy, REPT BATTERO, Hithium, and BYD. CATL shipped more than 13 GWh, while the rest shipped 2-5 GWh.

How will dynamic storage battery shipments evolve in 2023?

The company's dynamic storage battery shipments maintain a rapid development trend. In 2023, the company's total shipments of dynamic storage batteries will reach 54.4GWh, +88% year-on-year, and in 2024Q1, the shipment of dynamic storage batteries will be 13.5GWh, +44% year-on-year and -25% month-on-month.

What is India's battery energy storage capacity?

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same. India's battery energy storage capacity surged to 219 MWh by March 2024, up from 47.6 MWh in March 2023, Mercom Capital Group reports.