Several photovoltaic companies are stepping up their strategic moves (layout) within the energy storage sector. Tongwei Co., Ltd.'s affiliate, Tongwei New Energy, has officially initiated construction on the Jintang Independent Shared Energy Storage Power Station Project. This project leverages lithium iron phosphate battery technology to erect a 100MW/200MWh energy storage installation, bolstered by a sophisticated intelligent energy management system. There are whispers in the industry that LONGi Green Energy Technology Co., Ltd. has acquired a stake in Suzhou Jinkong Energy Technology Co., Ltd., an energy storage company, and is also contemplating the acquisition of other energy storage entities. On the policy front, the National Development and Reform Commission, along with the National Energy Administration, have unveiled the Special Action Plan for the Large-Scale Development of New Energy Storage (2025-2027). This plan envisions the installed capacity of new energy storage surpassing 180 million kilowatts by 2027, spurring an investment of 250 billion yuan.
Companies are harnessing the synergistic potential of the industrial chain by adopting integrated photovoltaic and energy storage strategies. For instance, Tongwei Co., Ltd. has teamed up with Huaneng Group and Huadian Group to supply green power and energy storage solutions for projects situated in Inner Mongolia. Market analyses suggest that the energy storage industry has entered a highly competitive phase, with early adopters securing a first-mover advantage. Newcomers must navigate a myriad of challenges, encompassing technological innovation, cost management, and ensuring supply chain reliability.