Mar 22 2023

According to a recent report from the CCTV-2 finance channel program "World Finance" by China Central Television (CCTV), the International Energy Agency (IEA) recently stated that by 2027, solar power is expected to surpass coal power and become the main source of electricity generation.   Over a decade ago, solar power was barely noticeable in the global energy competition, with less than 1% of electricity generation coming from solar power. But now, the situation has changed. The IEA predicts that in three years, solar power generation will surpass natural gas, and within four years, by 2027, it may surpass coal to become the main source of electricity generation.   One important reason for this shift is the significant decrease in the installation cost of solar power. Data shows that the average construction and operation costs for utility-scale solar power have been continuously decreasing since 2009 and were approximately $36 per megawatt-hour (MWh) in 2021, a decrease of about 90% compared to 2009. In contrast, the cost of coal has remained relatively stable and was around $108 per MWh in 2021. Bahar, an analyst in the renewable energy market at the IEA, expects that solar power will account for almost 60% of newly built power facilities in the next five years.   Moreover, in recent years, governments around the world have increasingly emphasized energy security and introduced corresponding policies to support it. According to the European Union's plan, its solar photovoltaic installed capacity will increase by more than double from 2020 to 2025, reaching 320 gigawatts, and will reach 600 gigawatts by 2030. The US's "Inflation Reduction Act" is expected to allow solar power developers to enjoy certain tax credits and deductions for ten years, enabling long-term and large-scale construction.   However, solar power generation still faces some challenges. The White House in the US has stated that over 70% of the US power grid has been in use for over 25 years, and the old transmission lines may not meet the demand for clean energy such as solar power. In addition, the traditional locations of power grids may not be suitable for transporting clean energy. Upgrading the power grid may further increase the cost of electricity.   Source: CCTV News Editor: Inner Mongolia Carbon Neutrality Industry Association Editorial Department Disclaimer: Please indicate the source when reprinting.

Mar 01 2023

On January 4th of this year, the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development, the Ministry of Transport, the Ministry of Agriculture and Rural Affairs, and the National Energy Administration jointly issued the "Action Plan for Innovative Development of Intelligent Photovoltaic Industry (2021-2025)", which aims to promote the deep integration of the photovoltaic industry with new generation information technology, accelerate the realization of intelligent manufacturing, intelligent applications, intelligent operation and maintenance, intelligent scheduling, comprehensively improve the quality and efficiency of China's photovoltaic industry development, and promote the achievement of the dual-carbon goals.   The plan mentions that in urban and rural areas where conditions permit, overall promotion of residential intelligent photovoltaic systems on rooftops is planned, and new government-invested public buildings are encouraged to promote solar roof systems. Demonstrations of regional-level photovoltaic distributed applications based on intelligent photovoltaic systems and new technologies such as energy storage and building power demand response will be carried out. The level of intelligent photovoltaic applications in buildings will be improved. Construction demonstrations of "light-storage-flexibility" buildings integrating photovoltaic power generation, energy storage, DC distribution, and flexible electricity use will be actively carried out.   The photovoltaic industry is a sunrise industry that has rapidly emerged through the integration of semiconductor technology and the demand for new energy. It is also a major key area to achieve the goals of becoming a manufacturing power and an energy revolution. To promote the deep integration of the photovoltaic industry with new generation information technology, accelerate the realization of intelligent manufacturing, intelligent applications, intelligent operation and maintenance, intelligent scheduling, comprehensively improve the quality and efficiency of China's photovoltaic industry development, and promote the achievement of the dual-carbon goals in 2030 and carbon neutrality in 2060, this action plan has been formulated. The action plan elaborates on the following aspects.   Action Plan for Innovation and Upgrading of Intelligent Photovoltaic Industry   1. Polycrystalline silicon: support low-energy consumption, low-cost production of polycrystalline silicon, improve product quality and stability, and expand breakthroughs in high-purity electronic-grade polycrystalline silicon. Research and promote automation and intelligence in the production and post-processing of polycrystalline silicon. Promote the establishment of an online emergency command system for polycrystalline silicon production.   2. Silicon ingot/wafer: support large-size monocrystalline silicon ingot pulling, and improve the single furn...

Feb 23 2023

Household photovoltaics plus high electricity prices, household energy storage have become a new track   Under the "dual-carbon" target, new energy sources represented by photovoltaics have seen rapid growth under favorable policies. As energy storage technologies mature and costs decrease, the household sector has gradually become an important field for the application of new energy.   Especially in overseas markets, the economic benefits of household energy storage have gradually become prominent as residential electricity prices continue to rise, coupled with government fiscal subsidies, further promoting its rapid popularity.   From the demand side, the continuous rise in electricity prices has led to a surge in demand for household energy storage. Since the Russia-Ukraine conflict, European countries have been deeply mired in inflation and energy crises, and energy prices have continued to rise. According to data from the Intercontinental Exchange (ICE) in London, natural gas futures reached $2,861.6 per thousand cubic meters on August 22, setting a historical high for many natural gas hubs in Europe and reaching the highest level since its operation in 1996. The continuous shortage of natural gas supply has led to a continuous increase in electricity prices. This has greatly stimulated the application of photovoltaic power generation in household scenarios and triggered the explosion of household energy storage.   On the other hand, poor power supply stability has stimulated resident demand. In some overseas regions, communities are dispersed, and the construction cost of the power grid is high, with weak coordination capabilities, especially under extreme weather conditions, various large-scale power outages occur frequently, and the stability of power supply to residents is poor. Household energy storage can provide emergency power supply when there is a public power grid failure or unstable power supply, improving the stability of electricity use.   From the supply side, photovoltaics have formed a relatively mature system in technology and application, and have a relatively high penetration rate in some overseas developed regions. With the development model of photovoltaics shifting from subsidy-based and full-grid connection to self-economy-driven and self-use, the demand for supporting energy storage is gradually becoming prominent.   US household installation capacity can reach 4.9GW/14.3GWh from 2021-2026   Affected by factors such as the pandemic and supply chain shortages, the global new household energy storage market still maintained a high-speed growth trend in 2021, with an installed capacity of newly operational power storage projects of 18.3GW, an increase of 185% year-on-year. Among them, European and American household energy storage has shown an explosive growth trend at a doubling rate every year since 2021. The installed capacity of energy storage in the United States reached 3.51GW/10...

Feb 15 2023

Recently, new energy sources such as photovoltaics and wind power have welcomed the benefits released by the Central Committee of the Communist Party of China and the State Council.   The Central Committee of the Communist Party of China and the State Council recently issued the "Outline for Building a Powerful Country with Quality" (hereinafter referred to as the "Outline"). Key words such as "green" and "low carbon" appear frequently in the "Outline", reflecting that the implementation of the "double carbon" goal runs through all fields.   The "Outline" emphasizes the establishment of a green orientation for quality development. Carry out actions to improve the resource efficiency of key industries and key products, accelerate the research on key core technologies of low-carbon, zero-carbon and negative-carbon, and promote the low-carbon transformation of high energy-consuming industries. Comprehensively promote green design, green manufacturing, and green construction, improve unified green product standards, certification, and labeling systems, and vigorously develop green supply chains. Optimize technical standards for resource recycling to achieve green and efficient resource reuse. Establish and improve the carbon peak and carbon neutral standard measurement system, and promote the establishment of internationally recognized carbon measurement base standards, carbon monitoring and effect evaluation mechanisms. Establish and implement a standard system for land space ecological restoration. Establish a green product consumption promotion system to promote green lifestyles.   The "Outline" also pointed out that vigorously develop green buildings, further promote the application of renewable energy and resource buildings, and realize low-carbon environmental protection, energy conservation and emission reduction in the whole process of engineering construction.   The central government sets the tone for new energy   This is not the first time keywords such as new energy, renewable energy, and double carbon have appeared in the action program of the CPC Central Committee and the State Council. On December 19-21, 2022, the 2023 Central Economic Work Conference will be held in Beijing. The meeting mentioned accelerating the planning and construction of new energy systems, pumped storage, electrified energy storage, etc., and finalized the tone for the development of new energy in 2023.   The meeting called for government investment and policy incentives to effectively drive social investment and accelerate the implementation of major projects during the 14th Five-Year Plan. Accelerate the planning and construction of a new energy system, accelerate the research and development, application and promotion of cutting-edge technologies such as new energy, and seize new opportunities in the process of adjusting the global industrial structure and layout. The relevant fiscal and financial policies proposed by the Cen...

Feb 09 2023

In 2022, under the strong global market demand, the development of my country's photovoltaic industry is booming, and relevant companies have released performance pre-announcement "transcripts".   The reporter sorted out the annual performance forecasts of several photovoltaic listed companies and found that more than 70% of the companies have achieved profitability. Among them, the performance of silicon materials and silicon wafers has skyrocketed, and a small number of companies in the battery and module sectors have suffered losses, but the overall performance is on the rise.   According to Wang Jian, Director of the New Energy Department of TrendForce, in 2022, the supply of silicon materials will continue to exceed demand, and the price will rise all the way, capturing most of the profits in the photovoltaic industry chain; Relatively impressive; cells are in the middle link, affected by upstream silicon wafers and downstream components, the bargaining power is weak, and profit margins are gradually compressed, but at the end of 2022, affected by the tight supply of cells, cell profits will gradually recover; the component segment is affected by continued high demand Influenced by the increase, revenue continued to hit new highs.   Upstream performance rises, silicon materials companies are the best   The photovoltaic manufacturing industry chain is mainly divided into four links: silicon materials, silicon wafers, cells and modules. In 2022, benefiting from the continuous rise in the price of silicon materials and the rapid growth of downstream demand, the performance of silicon materials companies will grow strongly, becoming the most "gold-absorbing" link in the photovoltaic industry chain.   The data shows that many polysilicon companies are expected to double their performance in 2022, and some companies will increase more than twice.   Tongwei expects to achieve a net profit of 25.2 billion to 27.2 billion yuan in 2022, a year-on-year increase of 207% to 231%; Daquan Energy announced that the net profit in 2022 is expected to be 19 billion to 19.2 billion yuan, a year-on-year increase of 231.94% to 235.44 %; Xinte Energy expects its net profit to be no less than 13 billion yuan in 2022, an increase of more than 1.6 times.   As for the reasons for the sharp increase in performance, all polysilicon manufacturers point to the simultaneous increase in the volume and price of polysilicon materials without exception.   Tongwei said that benefiting from the sustained and rapid development of the photovoltaic industry, the demand for high-purity crystalline silicon will be strong in 2022. The company's high-purity crystalline silicon production line continued to operate at full capacity, various production indicators were further optimized, new projects were quickly put into production and reached production capacity, and production and profits achieved a substantial increase year-on-year.   Daqo E...

Feb 03 2023

2022 is almost the most difficult year for all walks of life in the country. However, with pressure from all sides, new vitality is brewing. Energy storage people are still passionate and full of expectations. Various energy storage keywords such as new energy storage, sodium electricity, lithium carbonate, household storage, electrochemical energy storage, and energy storage batteries are grabbing the hearts of energy storage people. The value space of the trillion-level energy storage track has given people in the industry a reason to fight for it.   Looking back at 2022, does the energy storage industry have enthusiasm in the midst of the "restless hustle and bustle", or is it already heading for the "first year of explosion"? Sort out the top ten keywords of the energy storage industry in 2022, and understand the future development path together.   Ten key words of energy storage   PART.1 Electricity price rise   In April 2022, Shandong Province promulgated the "Notice on Improving Residents' Time-of-Use Electricity Policy", and the peak electricity price will increase by 0.03 yuan per kWh (including tax, the same below); the valley section electricity price will be reduced by 0.17 yuan; in the second half of 2022, my country's Hebei, Henan, Jiangxi and other places have successively introduced electricity price adjustment policies, which have greatly increased the peak and valley electricity price income level of energy storage projects.   According to incomplete statistics, from June to July 2022, 16 countries and regions including Germany, Japan, South Korea, France, the United Kingdom, and the United States announced the news of rising electricity prices 500%.   The biggest factor restricting the development of the domestic energy storage industry is the rate of return on investment. Among the various income models of energy storage, the electricity price level is one of the biggest influencing factors. If the electricity price rises during peak hours and falls during off-peak hours, it means that the revenue from peak and valley electricity prices will be greatly improved.   PART.2 New energy storage   The new type of energy storage has flexible configuration and quick response, which is more suitable for the consumption of new energy storage. Generally speaking, new energy storage refers to new energy storage technologies other than pumped storage, including mechanical energy storage, electrochemical energy storage, chemical energy storage, thermal energy storage, electromagnetic energy storage and other technical routes.   With the rise of electricity prices and the reduction of costs, the heat of new energy storage will also become higher and higher. According to the forecast of the National Development and Reform Commission/Electric Academy of Sciences, the installed capacity of my country's new energy storage market will exceed 30GW by 2025, and the installed capacity of new energy s...

Jan 18 2023

On January 17, six departments including the Ministry of Industry and Information Technology issued guidance on promoting the development of the energy electronics industry. The opinion proposes to improve the supply capacity of solar photovoltaic and new energy storage batteries. Accelerate innovation breakthroughs in smart photovoltaics, develop high-purity silicon materials and large-size silicon wafer technologies, support the production of high-efficiency and low-cost crystalline silicon cells, and promote the R&D and application of advanced technologies such as N-type high-efficiency cells, flexible thin-film cells, perovskite and laminated cells , to enhance mass production capacity. Encourage the development of advanced and applicable smart photovoltaic modules, and develop key components such as smart inverters, controllers, combiner boxes, and tracking systems. Strengthen the technological breakthroughs in the industrialization of new energy storage batteries, and promote the large-scale application of advanced energy storage technologies and products. Research breakthroughs in key technologies such as ultra-long-life and high-safety battery systems, large-scale, large-capacity and high-efficiency energy storage, and mobile energy storage for vehicles, and accelerate the development of new types of batteries such as solid-state batteries, sodium-ion batteries, and hydrogen energy storage/fuel cells.   Put the promotion of new energy development in a more prominent position, actively and orderly develop light energy, silicon energy, hydrogen energy, and renewable energy, and promote the coordinated development of the upstream and downstream of the energy electronics industry chain and supply chain to form a dynamic and balanced benign industrial ecology. Guide the balanced development of solar photovoltaic, energy storage technology and products, and avoid overcapacity and vicious competition.   Explore the integration application path of photovoltaics and new energy vehicles. Promote the R&D and application of roof and wall photovoltaic systems, develop household photovoltaic storage ultra-micro power stations, and promote the integrated application of photovoltaics, energy storage batteries and building materials. Promote the composite development of photovoltaic power generation such as agriculture-solar complementarity and fishery-solar complementarity, encourage the exploration of new business models for photovoltaic agriculture, increase farmers' income, and support rural revitalization and common prosperity.   Adopt distributed energy storage, "photovoltaic + energy storage" and other models to promote the diversification of energy supply, and improve the application level of energy electronic products in new infrastructure fields such as 5G base stations and new energy vehicle charging piles.   The original text is as follows:   Guiding Opinions of Six Departments including the Ministry of Industr...

Jan 13 2023

Looking back at the overall photovoltaic market trend in 2022, there will be more twists and turns and tests. Behind this, the fierce competition in the price of the industrial chain, the continuous stream of cross-border photovoltaic companies, the unstoppable vertical integration of leading companies, and the accelerated iteration of N-type photovoltaic cell technology. In 2022, the photovoltaic industry will grow rapidly, making enterprises inside and outside the industry full of confidence in the development of photovoltaics. Zhong Baoshen, chairman of LONGi Green Energy, talked about the new changes in the photovoltaic industry this year, "Enterprises in the industry have expanded their production on a large scale. I believe that the opportunities brought about by growth today will also become opportunities tomorrow when the growth rate slows down." Risks in the future.” The leaders of many leading photovoltaic companies, including Zhong Baoshen, believe that the photovoltaic industry will continue to grow in 2023. From the data point of view, China's photovoltaic industry will make history in 2022: the newly installed capacity will break through a new high, and the output value of the entire industry will increase significantly. After years of accelerated running, a new round of knockout competition in the photovoltaic industry has begun. From 80GW to 100GW: The demand ceiling has not yet arrived. What is the scale of newly installed photovoltaic capacity in China in 2022? Although the official data has not yet been released, it is certain that this will be a record number. According to the data of the National Energy Administration, from January to November 2022, China's newly installed photovoltaic capacity is 65.71GW, which has exceeded the whole year of 2021. Combined with the information at the National Energy Work Conference in 2023: the new installed capacity of wind power and photovoltaics in 2022 is expected to exceed 120GW, which means that the new installed capacity of photovoltaics in the whole year will exceed 80GW.   As a typical cyclical industry, after experiencing the trough in 2018, the domestic photovoltaic industry has taken an accelerated pace since 2019. At the same time, the incremental structure is also undergoing subtle changes. In 2019, the ratio of new installed capacity of centralized photovoltaics to distributed photovoltaics is close to 6:4. But by the end of the first three quarters of 2022, this ratio structure has changed to 3:7. It is also predicted that in the whole year of 2022, the new installed capacity of distributed photovoltaic and centralized photovoltaic in my country will reach 51GW and 40GW respectively. For two consecutive years, distribution has become the main force driving the growth of photovoltaic demand. The visible increase in installed capacity means that in the past few years, my country's photovoltaic industry has no worries about demand. The increase in volume has also led ...

Jan 04 2023

On December 28, Sinopec officially released the "China Energy Outlook 2060" in Beijing. This is the first time that Sinopec publicly released the results related to the medium and long-term energy outlook. Research results show that China's primary energy consumption is expected to peak in 2030-2035, with a peak value of about 6.03 billion tons of standard coal, and drop to about 5.6 billion tons of standard coal in 2060. It is estimated that China's carbon emissions related to energy activities will peak before 2030 , after excluding the carbon sequestration part of raw material energy consumption, the peak value is about 9.9 billion tons, which will drop to 1.7 billion tons in 2060, and carbon neutrality will be achieved through CCUS and carbon sinks. The research results provide new ideas, new perspectives, and new methods for the scientific planning of the future development of my country's energy industry.     "China Energy Outlook 2060" pointed out that under the coordinated development scenario of China's energy transformation, the development of natural gas will experience a period of steady growth, a period of carbon peaking, a period of steady peaking and a period of steady decline. It is estimated that in 2025, the demand for natural gas will be 430 billion cubic meters, with an average annual growth rate of 5%; in 2030, the demand for natural gas will be 519 billion cubic meters, with an average annual growth rate of 4%; in 2040, the demand for natural gas will be 615.5 billion cubic meters, with an average annual growth rate of 1.7 %, natural gas consumption reaches its peak. After 2040, natural gas will be replaced by electricity and hydrogen. With the technological progress of photovoltaic power generation, the improvement of system efficiency, the reduction of cost, and the improvement of power grid consumption capacity, photovoltaic will go through the stage of accelerated deployment and the stage of comprehensive development. Around 2040, it will become the largest power source.     "China Energy Outlook 2060" is an important research achievement of Sinopec Research Institute of Economics and Technology. Starting from the analysis of the historical relationship between energy consumption and economic, social and industrial development, the book analyzes the historical laws of energy development and the key factors affecting energy transformation from four aspects: economic development, social evolution, technological progress, and policy guidance, and studies and judges the main influences. Based on the development trend of factors and the development process of energy transformation, the concept system of "energy balance triangle" is proposed, and based on the dynamic balance of energy triangle, looking forward to the path of my country's energy transformation, and constructing three energy transformations of security challenges, green urgency, and coordinated development development scenario. Based on model...

Dec 31 2022

Hefei Baufar Power Technique Co., Ltd. (hereinafter referred to as Hefei Baufar ) entered the household energy storage market by acquiring high-quality assets of a new energy storage company in Hangzhou in October 2022 , and its products will directly face overseas markets.     The Hangzhou New Energy Company is a wholly-owned limited liability company in China of a foreign listed company registered in 2014 with a registered capital of 100 million yuan. The company is mainly engaged in the R&D and manufacturing integration of battery packs, energy storage systems, high and low voltage complete sets of electrical equipment. Focus on the development of safe, reliable, stable and efficient energy storage systems, and at the same time carry out technical consultation, service and transfer in the field of energy storage technology. Key application areas for system products include electric vehicles and energy storage. The new energy company has a vigorous team of outstanding talents, most of whom come from domestic and foreign first-class universities and leading companies in the battery industry, with many years of relevant work experience and rich practical experience.   Through this acquisition of high-quality assets, Hefei Baufar has completed the zero start of the new household energy storage track, which will help the company to expand from the construction machinery supporting market to the overseas user market. It is reported that this acquisition is another major decision based on the wholly-owned acquisition of a local photovoltaic new energy company in Hefei in 2021.The Hefei Local Photovoltaic New Energy Company is the general contractor who implements the whole process of design, procurement and construction of Hefei Photovoltaic EPC engineering construction project. At present, the business of the photovoltaic company has been carried out smoothly.   Hefei Baufar's vision is to help people build a self-sufficient new energy ecosystem by offering high-quality renewable energy products. We look forward to the joint efforts of colleagues in the industry to strengthen the standard construction of household energy storage products, and help the development of energy storage industry and the improvement of product manufacturing level. Develop a new pattern of portable energy storage industry, collaborative innovation, win-win! Jointly help the transformation and reform of the electric power industry!

Dec 28 2022

The price of solar panel fell this week . Ground power station single crystal 166 double-sided 1.85 yuan /W , single crystal 182 double-sided 1.92 yuan /W , single crystal 210 double-sided 1.92 yuan /W ; distributed power station single crystal 166 single-sided 1.88 yuan /W , single crystal 182 single-sided 1.95 yuan /W , single crystal 210 1.95 yuan /W . On the supply side, silicon production capacity continues to be released. On the demand side, the European energy system is facing a severe winter test. Recently, natural gas and wholesale electricity prices have rebounded significantly, which will continue to promote photovoltaic demand. As silicon materials continue to fall, the demand for downstream installations will also accelerate, and the intensity of demand for grid-connected installations at the end of the year will still be high. In terms of installed capacity, according to the data of the Energy Bureau, the newly installed photovoltaic capacity in November was 7.47GW , a month-on-month increase of 35% and a year-on-year increase of 32% . In terms of production scheduling, the operating rate of modules in December was slightly lowered, and the transaction volume was also reduced. Businesses began to clear their warehouses near the end of the year. In terms of price, module prices began to loosen this week. At present, the pre-orders are still mainly executed. After the pre-orders are digested, the module quotations will continue to be adjusted. With the price reduction of batteries, there is still room for module profit. However, under the support of demand, the voice of module manufacturers will gradually increase, and the price will stabilize at around 1.7-1.8 yuan /W .     Silicon material/silicon wafer/battery   silicon material dropped this week . The average price of single crystal reinvestment is 277,100 yuan / ton, the average price of single crystal compact is 258,300 yuan / ton, and the average price of single crystal cauliflower is 242,200 yuan / ton. The price of silicon material continued to fall this week, but the transaction was still sluggish, and the purchase of downstream silicon wafers slowed down. Worried that the price will continue to fall, it is still mainly to digest inventory. As the inventory of silicon materials will continue to increase, the price will further decline, and it is expected that the inflection point will appear at an accelerated rate.   Wafer prices fell this week . The average price of single crystal 166 silicon wafers is 5.10 yuan / piece; the average price of single crystal 182 silicon wafers is 5.43 yuan / piece; the average price of single crystal 210 silicon wafers is 7.27 yuan / piece. This week, the price of silicon wafers showed a cliff-like decline, with a drop of nearly 20% for 182mm wafers, showing signs of a price war. At present, the silicon wafer end maintains an oversupply situation, and the risk of downstream procurement increases. According to data fro...

Dec 07 2022

On December 5th, the residential energy storage and inverter sector suffered a big adjustment after the opening of Chinese stocks today. On the news surface, an industry executive recently revealed in the communication that the residential energy storage shipment this year has been reduced from 100,000 sets to 60,000 sets. hybrid energy storage inverters will be reduced from 200,000 to 120,000, next year residential energy storage will be reduced from 500,000 to 300,000 to 350,000 sets, and energy storage inverters were cut to more than 700,000 units from 1 million. The Chinese company said that the reduction in shipment guidance was mainly due to the economic downturn in Europe and the shortage of installation workers. The market has also expressed concerns about the industry leader's lowered shipment expectations . In this regard, Goodwe Technologies stated that company has not adjusted the relevant production and  shipment expectations. A person from the securities department of Ginlong Technologies also said that the company (shipment) has not changed and everything is normal.   The market rumors amplified the expectation of a decline in demand for residential energy storage. After research by a large domestic securities company, it was pointed out that the market reported that overseas demand continued to be strong, and the current situation of customers urging goods is still obvious, and the supply of inverters and batteries is still in a tight state. Taking Germany as an example, the installed capacity of residential energy storage this year is about 400,000. Many companies predict that the demand for next year will be 800,000 to 1 million sets. Therefore, the development space of residential energy storage is still huge.   Since 2021, the European market has been affected by rising energy prices, the price of residential electricity has risen rapidly, and the economy of energy storage has been emerged, and the market is booming.  Looking back to 2022, the Russia-Ukraine conflict intensified energy anxiety, Driven by the sense of crisis, the demand for residential energy storage will continue to grow. Looking forward to 2023, the global energy transition is the general trend, and residential energy self-use is the main way. The global electricity price has entered a rising channel, the economy of residential energy storage has been realized, and the market space will continue to grow in the future.   Looking back to 2022: European energy crisis, rapid growth of residential energy storage   The vast majority of residential energy storage is used in conjunction with household distributed photovoltaics. In 2015, the annual newly installed capacity of residential energy storage in the world was only about 200MW. By 2020, the global new installed capacity will reach 1.2GW, a year-on-year increase of 30%.   In 2021, the European market will be affected...