Chinese Energy Storage Firms Push Harder Overseas as Orders Boom
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Chinese energy storage manufacturers are experiencing a surge in overseas orders and accelerating their factory expansions to capture growing international demand.
New overseas orders for Chinese energy storage companies reached 366 gigawatt-hours in 2025, marking a 144% year-on-year increase, according to the China Energy Storage Alliance. The momentum has continued into the first quarter of 2026, with exports of large-scale storage systems jumping more than 130% and residential systems growing by over 65%. Over 70 Chinese companies have secured orders across more than 60 countries and regions, primarily targeting core markets in Europe, Australia, North America and the Middle East.
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- Chinese energy storage orders hit 366 GWh overseas in 2025 (+144% YoY); Q1 2026 large-scale exports +130%, residential +65%; 70+ firms in 60+ countries.
- Great Power overseas business +300% in 2025; Hithium €400M Spain plant; Sungrow 10GWh Egypt factory, €230M Poland plant.
- Driven by AI data centers, renewables; risks from EU carbon rules, battery passports, US IRA barriers; firms build local plants.
- Guangzhou Great Power Energy and Technology Co. Ltd.
- Guangzhou Great Power Energy and Technology Co. Ltd. (300438.SZ) reported 300% overseas business growth in 2025. Export lines ran at full capacity in Q1 2026 to fulfill gigawatt-scale orders in residential, commercial, industrial, and utility sectors. Developed battery solutions for major overseas data centers. Faces EU carbon footprint, battery passport rules and U.S. trade barriers, countered by localized U.S. assembly plants.
- Xiamen Hithium Energy Storage Technology Co. Ltd.
- Xiamen Hithium Energy Storage Technology Co. Ltd. plans to invest 400 million euros ($468 million) to build a battery plant in Spain, expected to begin operations in 2027. This supports Spain's goal of deploying about 22 gigawatts of storage by 2030 to integrate more renewable energy. (42 words)
- Sungrow Power Supply Co. Ltd.
- Sungrow Power Supply Co. Ltd. (300274.SZ) signed a January agreement with Egypt's government and Norway’s Scatec ASA for a 10 GWh factory in the Suez Canal Economic Zone, due April 2027. On Feb. 5, it announced a €230 million plant in Poland to produce 20 GW inverters and 12.5 GWh storage annually.
- Scatec ASA
- Norway’s Scatec ASA signed an agreement in January with Sungrow Power Supply Co. Ltd. (300274.SZ) and the Egyptian government to build a 10-gigawatt-hour factory in the Suez Canal Economic Zone, slated for April 2027.
- Hoymiles Power Electronics Inc.
- Yang Bo, general manager of Hoymiles Power Electronics Inc. (688032.SH), stated at the expo that photovoltaics and energy storage mutually drive growth. Storage stabilizes grids strained by rapid solar expansion, fueling unexpectedly fast overseas market development amid surging global demand.
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