As the global energy transition accelerates, the energy storage industry is ushering in unprecedented growth opportunities. In this wave, Chinese energy storage company Hithium has rapidly risen to become a new star in the industry with its excellent technological innovation and market layout. With leading lithium battery technology and all-round energy storage solutions, Hithium Energy Storage is actively exploring the potential of the global energy storage market of 3000GWh. Below, follow the perspective of China Exportsemi, and jointly explore the success secret of Hithium energy storage from multiple perspectives.
Ⅰ Core Business & Technological Innovation
1. Large-scale energy storage solutions
Hithium Energy Storage focuses on providing large-scale energy storage system solutions for new energy scenarios such as photovoltaic and wind power. These solutions cover grid-scale energy storage, industrial energy storage, and backup power, and are widely used in:
Power grid peak regulation and frequency regulation: improve the stability of power grid operation and balance the volatility of new energy power generation.
Peak shaving: help enterprises optimize electricity costs and improve energy efficiency.
Microgrids & Backup Power: Reliable power support for remote locations and critical facilities.
2. Technical advantages of lithium-iron phosphate batteries
As the core product of Hithium Energy Storage, lithium iron phosphoric acid (LiFePO4) batteries are widely favored by the market for their high safety, long life and cost advantages.
High cycle life: The battery life can reach more than 8000 cycles, which significantly reduces the cost of the whole life cycle.
Modular design: The system is flexible and scalable, suitable for a variety of needs from small to very large energy storage projects.
3. A full set of energy storage system solutions
Hithium Energy Storage not only provides the battery itself, but also develops a complete battery management system (BMS), energy storage converter (PCS) and energy management system (EMS). This all-in-one solution optimizes energy management, improves system reliability, and helps customers achieve a higher return on investment.
Picture: Exterior view of Hithium Energy Storage Company (picture from the official website of Hithium Energy Storage)
Ⅱ Market Positioning & Growth Strategy
1. Global market expansion
Hithium Energy Storage is rapidly expanding the global market, focusing on Europe, North America and the Asia-Pacific region. The demand for energy storage systems in these markets is growing rapidly, in particular:
Europe: The installed capacity of energy storage is expected to reach more than 200GWh in 2030, thanks to the rapid increase in the proportion of renewable energy.
North America: The rapid construction of new energy grids and government support policies have led to a surge in energy storage market demand.
2. Mid-to-high-end market positioning
With high-cost performance and technological innovation as its core competitiveness, Hithium Energy Storage is oriented to the mid-to-high-end energy storage market with high requirements for safety, stability and system integration.
3. Contribute to the goal of carbon neutrality
As an important promoter of the global carbon neutrality goal, Hithium Energy Storage is committed to providing support for the transformation of the global energy structure through a stable and efficient energy storage system.
Ⅲ Typical projects and partners
1. Iconic projects
PV + energy storage project: Provide high-efficiency energy storage systems for many large-scale photovoltaic power stations in China to help achieve the stability of new energy grid integration.
Grid Frequency Modulation Project: Hithium Energy Storage has successfully deployed a number of grid-level energy storage systems in the European market, effectively improving the frequency modulation capacity of the power grid.
2. Strategic partners
Hithium Energy Storage has established close cooperation with top domestic and foreign enterprises, including the world's leading power grid companies and renewable energy technology suppliers.
Ⅳ Technology & Safety: Industry-leading R&D strength
1. Independent R&D and control of the whole industry chain
Hithium Energy Storage has independent research and development capabilities from battery materials to software and hardware of energy storage systems. By controlling the whole industry chain, Hithium Energy Storage not only reduces production costs, but also ensures the high performance and reliability of products.
2. Security by design
The thermal runaway of energy storage batteries has always been the focus of attention in the industry. By optimizing battery materials and system design, Hithium Energy Storage has significantly reduced safety risks:
Multiple protection mechanisms: The battery has overheating and overcharge protection functions inside the battery, and the external system integrates intelligent safety monitoring.
Reliability test: Each product has undergone rigorous testing under extreme conditions such as high temperature and high pressure to meet the safety needs of different application scenarios.
3. Intelligent management
The Hithium energy storage system integrates the intelligent energy management platform (EMS), which can monitor the operating status of the battery in real time, optimize energy dispatch, and improve the overall efficiency of the system.
Ⅴ The growth potential of the global energy storage market
1. Market size forecast
According to industry data, the global energy storage market is expected to exceed 3,000GWh by 2030. Among them, Hithium Energy Storage plans to achieve a cumulative deployment capacity of more than 100GWh by 2030, accounting for more than 3% of the global market share.
2. Regional Market Highlights
China: The government has proposed to achieve more than 50% of new energy by 2030, and the domestic energy storage market is expected to grow at an average annual rate of 30%.
Europe & North America: The energy storage market in these regions is growing particularly significantly driven by carbon emission policies, and Hithium plans to tap into these markets through local production and services.
3. Industry challenges and opportunities
Despite the broad market prospects, the energy storage industry is still facing the challenges of cost reduction pressure and rapid technology iteration. Through continuous R&D investment and innovation capabilities, Hithium Energy Storage is expected to stand out in this competition.
Ⅴ Summary: The new global energy storage pattern of Hithium Energy Storage
Hithium Energy Storage is not only the representative of China's energy storage industry, but also the "new dark horse" of the global energy storage market. With its excellent technical strength, extensive market layout and strategic direction of green development, Hithium Energy Storage is actively exploring the potential of the 3000GWh market.
In the future, Hithium Energy Storage will continue to take innovation as the core driving force, accelerate the progress of energy storage technology, and contribute to the global energy transition and sustainable development.
Company Profile:
Hithium Energy Storage Technology Co., Ltd. (hereinafter referred to as "Hichen Energy Storage") is a high-tech enterprise established on December 27, 2019, focusing on the R&D, production and sales of lithium battery core materials, lithium iron phosphate energy storage batteries and systems. Headquartered in Xiamen City, Fujian Province, China, the company is a key project of 10 billion yuan, a key project of Fujian Province and a national high-tech enterprise introduced by Xiamen City.
Development History:
2019: Hithium Energy Storage was incorporated.
2020: Hithium Energy Storage's lithium battery project completed the "cloud signing" in Xiamen Torch High-tech Zone, with a total investment of nearly 6 billion yuan.
2021: Hithium energy storage lithium battery intelligent manufacturing production line was officially put into operation.
2022: The company changed its name to Xiamen Hithium Energy Storage Technology Co., Ltd., and in the same year, the battery shipment reached 5GWh, becoming the No. 1 enterprise in China's power energy storage battery project delivery and the industry's No. 1 in the growth rate of shipments.
2023: Hithium Energy Storage completed the C round of financing and signed a listing counseling agreement with Huatai United Securities, officially launching the A-share IPO process. In the same year, the company joined the United Nations Global Compact and pledged to support the UNGC's 10 principles in the four areas of human rights, labor, environment and anti-corruption.
2024: It is expected that the total annual shipments of energy storage cells of Hithium Energy Storage are expected to enter the top three in the world.
