With the acceleration of the global energy transition, battery energy storage technology is receiving special attention as the key to supporting the large-scale application of renewable energy. China, as the world’s largest energy consumer and a leader in renewable energy installed capacity, has an extremely compelling energy storage market.
In the industrial and commercial fields, the application of energy storage systems not only helps enterprises reduce energy costs and improve energy efficiency but also enhances grid stability and reliability by providing peak shifting, frequency regulation, and other auxiliary services.
In this article, we analyze the top 10 industrial and commercial energy storage suppliers in China and discuss their market leadership, technological innovations, and future development trends.
1. Overview of the Commercial and Industrial Energy Storage Market in China
1.1 Market Development History
The development of China’s battery energy storage market can be traced back several decades, but the most significant and rapid growth occurred after 2015. This trend accelerated further following the National Energy Administration’s issuance of the “Guiding Opinions on Promoting the Development of Battery Energy Storage Technology and Industry” in 2017, ushering in a policy-driven period of rapid expansion. Industrial and commercial energy storage, as a crucial application sector, has experienced explosive growth in recent years, driven by both policy incentives and increasing demand.
1.2 Market Size and Growth Trends
According to the China Energy Storage Alliance (CNESA), in 2024, China’s energy storage market will see an additional installed capacity of 21.5GW/46.6GWh, bringing the cumulative total to 34.5GW/74.5GWh. Among these, industrial and commercial energy storage is an emerging sector with consistent year-on-year growth in installed capacity. By 2025, the Chinese industrial and commercial energy storage market is projected to exceed $13.8 billion, highlighting significant growth potential.
1.3 Market Drivers
- Policy Support: The government has implemented various supportive policies, including subsidies and tariff reforms, fostering a favorable environment for industrial and commercial energy storage.
- Technological Advances: Continuous innovation, especially in battery technology, has significantly reduced costs while improving system performance.
- Market Demand: Industrial users are increasingly adopting energy storage systems to optimize energy costs, ensure power supply stability, and integrate renewable energy sources.
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2. In-Depth Analysis of the Top 10 Industrial and Commercial Energy Storage Suppliers in China
Based on CNESA 2023 rankings, the top 10 industrial and commercial energy storage suppliers in China (ranked by shipments) are:
2.1 CSR Zhuzhou Research Institute
Company Introduction:
Founded by China CNR Group, CSR Zhuzhou Research Institute is a high-tech enterprise specializing in rail transportation equipment and new energy technologies.
Product and Technology Advantages:
- Provides complete storage system solutions, including batteries, power conversion systems (PCS), and battery management systems (BMS).
- Leverages extensive experience in rail transportation to enhance system safety and reliability.
- Developed the “Rail Transit + Energy Storage” model for efficient urban rail energy management.
2.2 HyperStrong
Company Introduction:
HyperStrong is a high-tech enterprise focused on backup system integration and providing intelligent backup solutions.
Product and Technology Advantages:
- Advanced standby management system capable of intelligent scheduling and efficient operation.
- Product lines cover industrial parks, commercial buildings, and data centers.
- Features cutting-edge security protection and troubleshooting technologies.
2.3 China Power Energy Storage Development Limited
Company Introduction:
A company dedicated to developing intelligent storage platforms to drive industry standardization through innovation.
Product and Technology Advantages:
- Developed an AI-powered intelligent storage platform for system optimization.
- Offers customized energy storage solutions tailored to diverse customer needs.
- Unique expertise in remote monitoring and transportation of storage systems.
2.4 Vision Energy
Company Introduction:
A global leader in smart energy technology, active in wind energy, storage, and smart grids.
Product and Technology Advantages:
- Offers integrated wind-storage solutions for enhanced energy efficiency.
- Advanced backup management system with multi-functional energy allocation capabilities.
- Extensive experience in large-scale commercial energy storage projects.
2.5 Shandong Electrical Engineering & Equipment Group Co., Ltd
Company Introduction:
Specializes in manufacturing energy storage equipment for industrial, commercial, and grid applications.
Product and Technology Advantages:
- Provides high-performance batteries with high energy density and long life.
- Strength in customized design and rapid system deployment.
- Holds international certifications ensuring product reliability and safety.
2.6 Shanghai Robestec Energy Co., Ltd
Company Introduction:
Shanghai Robestec Energy Co., Ltd is an emerging backup system provider, focusing on providing customers with efficient and reliable backup solutions.
Product and Technology Advantage:
- Adopts advanced battery technology and system integration technology to ensure the efficient operation of the backup system.
- Provides flexible storage system configurations to accommodate business users of different sizes and needs.
- Competitive in terms of cost control and the importance of storage systems.
2.7 Goldwind Science & Technology Co., Ltd
Company Introduction:
Goldwind Science & Technology Co., Ltd is a subsidiary of Goldwind Science and Technology, focusing on the research, development, and application of zero-carbon energy solutions.
Product and Technology Advantage:
- Combined with the advantages of wind power technology, the company has launched integrated wind storage solutions to provide clean energy for industrial and commercial users.
- It has a standby control system with independent scheduling, realizing the seamless connection between the standby system and the wind power system.
- Equipped with leading technology in standardized management of storage systems and transportation.
2.8 PINGGAO GROUP CO., LTD
Company Introduction:
PINGGAO GROUP CO., LTD is an enterprise in China’s power equipment industry, with businesses covering power transmission, power stations, and power plants.
Product and Technology Advantage:
- Provides comprehensive backup system solutions, including batteries, PCS, and EMS.
- Advantages in grid power and stability of energy storage systems.
- Rich experience in equipment manufacturing ensures the quality and reliability of the energy storage power system.
2.9 XJ Electric Corporation
Company Introduction:
XJ Electric Corporation is a leading company in China’s power automation field, and in recent years, it has been actively expanding its energy storage business.
Product and Technology Advantage:
- Provides solutions that combine power automation and backup systems to realize intelligent control of standby systems.
- Equipped with expertise in grid access and scheduling of energy storage systems.
- Has a perfect service system to provide customers with full-range support.
2.10 Zhejiang Hiitio New Energy Co., Ltd
https://www.hiitio.com/lp-commercial-and-industrial-energy-storage-systems-supplier
Company Introduction:
Zhejiang Hiitio New Energy Co., Ltd is an enterprise focusing on the research, development, and application of backup technology, committed to efficiently providing customers with intelligent backup solutions.
Product and Technology Advantage:
- Provides complete storage system solutions, including batteries, power conversion systems (PCS), and battery management systems (BMS).
- Offers complete micro-grid (PV, storage, diesel, charging) solutions.
- Obtained international certifications.
3. Industry Trends and Challenges
3.1 Industry Trends
- Technological Innovation: Advances in new battery technologies will enhance system performance and lower costs.
- Expanding Market: With continued policy support and increasing demand, the industrial and commercial storage market will keep growing.
- Standardized Development: The industry is moving towards standardized management using AI and big data.
- Diverse Applications: Energy storage applications are expanding to microgrids and energy internet models.
3.2 Industry Challenges
- Cost Pressure: While storage costs have decreased, high initial investments remain a challenge.
- Policy Uncertainty: Frequent changes in policy frameworks can impact investment decisions.
- Lack of Technical Standards: The industry lacks unified evaluation systems, affecting market development.
- Security Risks: Ensuring system safety and reliability remains a critical challenge.
4. Conclusion
With rising energy demand and the growth of microgrids, battery energy storage technology plays a crucial role in achieving efficient energy utilization and sustainability. Whether enhancing grid stability or supporting large-scale renewable energy adoption, energy storage is indispensable. Companies like HIITIO, with extensive expertise in microgrid solutions, are leading the transition toward a greener future. Learn more and discover how energy storage can power your next project!
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