Nanadu power won the bid for energy storage


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6 FAQs about [Nanadu power won the bid for energy storage]

What is Nandu power supply business model?

It is understood that nandu power supply adopts the business model of "investment + operation". In recent years, it has been constantly promoting the progress of its energy storage business and continuously obtaining multiple energy storage orders to boost its business growth.

What drives the growth of Nandu power supply lithium battery business?

In terms of segmentation, lithium battery communication energy storage is the main force driving the growth of nandu power supply lithium battery business. In 2017, the revenue of lithium battery communication reached 444 million yuan, up by 80.86% year on year.

How much money did Nandu power supply lithium battery make in 2017?

In 2017, nandu power supply lithium battery products achieved revenue of 504 million yuan, while communication lithium battery products achieved revenue of 444 million yuan, a year-on-year increase of 80.86%, mainly concentrated in overseas markets.

How many new energy storage projects are commissioned in China?

Figure 2: Cumulative installed capacity of new energy storage projects commissioned in China (as of the end of June 2023) In the first half of 2023, China's new energy storage continued to develop at a high speed, with 850 projects (including planning, under construction and commissioned projects), more than twice that of the same period last year.

What is the cumulative installed capacity of energy storage projects?

The cumulative installed capacity of new energy storage projects is 21.1GW/44.6GWh, and the power and energy scale have increased by more than 225% year-on-year. Figure 1: Cumulative installed capacity (MW%) of electric energy storage projects commissioned in China (as of the end of June 2023)

How a domestic energy storage system compared to last year?

In the first half of the year, the capacity of domestic energy storage system which completed procurement process was nearly 34GWh, and the average bid price decreased by 14% compared with last year. In the first half of 2023, a total of 466 procurement information released by 276 enterprises were followed.

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