In the wave of new energy industry, energy storage technology is becoming the key to the global energy transition. In November 2024, the strategic cooperation between YOTAI Energy and Tianneng Holding Group is not only a milestone in the development of the two companies, but also a strong response to the national "3060" carbon peak and carbon neutrality vision. China Exportsemi will deeply analyze the strategic significance, technological breakthrough and market potential behind this cooperation.
1. The strategic significance of strategic cooperation
Based on the principle of "giving full play to advantages, integrating resources, mutual trust and mutual assistance, and industrial development", the cooperation between YOTAI Energy and Tianneng aims to rely on the supply advantages of key components and equipment of Tianneng in electrochemical energy storage, as well as the advantages of YOTAI Energy in the field of new energy resource development, project planning, and scenario landing, to carry out comprehensive cooperation in the development of new energy projects and advanced energy storage technology innovation. This cooperation is not only an important step for both sides to achieve their own development goals, but also a positive response to the national "3060" vision of carbon peak and carbon neutrality.
Figure: The strategic cooperation between YOTAI Energy and Tianneng Holding Group
2. Technological breakthroughs and market potential
The latest progress of YOTAI Energy in the "energy storage + X" full-scenario solution, especially the breakthrough achievements in the fields of large-cell energy storage system, 1P high-power energy storage system, and optical storage and charging integration, complements Tianneng's deep accumulation in energy storage cells. Tianneng has built a lithium battery production capacity of 14GWh, and the lithium battery revenue has increased by more than 60%, showing its rapid expansion in the lithium battery energy storage business market. In addition, YOTAI Energy assisted Lianyungang Energy Group to successfully connect its independent shared energy storage project to the grid, with a scale of 150MW/300MWh, which further proved its technical strength and market potential in the field of energy storage.
3. Market analysis and industry impact
According to China Energy News, Trina Energy Storage has industry-leading R&D and manufacturing capabilities for core products such as energy storage cells, battery compartments, and household storage, with annual shipments exceeding 2GWh in 2022, ranking second in terms of growth rate, and becoming one of the main representatives of high growth in the industry. YOTAI Energy provides a series of energy storage products in the field of energy storage, such as air-cooled/liquid-cooled containerized energy storage systems, distributed industrial and commercial energy storage systems, and household energy storage. These data not only show the leading position of the two companies in the energy storage market, but also indicate the huge market potential after the cooperation.
4. Character views and policy support
Zhou Jianzhong, vice chairman of Tianneng, spoke highly of Yongtai Digital Energy's leading strength in the field of energy storage and the "energy storage + X" strategy, and pointed out that Tianneng Group has 18 production bases in eight provinces across the country, with nearly 30,000 employees, and has strong nearby delivery and rapid delivery capabilities. Li Jingjing, CMO of Yongtai Digital Energy, emphasized the arrival of the "energy storage + X" era, believing that user demand, technology trends and policy influences are the three major reasons for the growth of the energy storage market.
5. Conclusion
The strategic cooperation between YOTAI Energy and Tianneng is a milestone event in the development of the energy storage industry. The cooperation between the two sides will integrate superior resources, promote the innovation and development of long-term energy storage technology, and realize the national "3060". Contributed to the dual carbon goals. This cooperation is not only of great significance to the development of both companies, but also has a far-reaching impact on the entire energy storage industry and promotes the construction of new energy infrastructure in China and even the world. McKinsey, a global consulting agency, predicts that the potential market space for long-term energy storage will grow on a large scale from 2025, with a global cumulative installed capacity of 30-40GW and a cumulative investment of about 50 billion US dollars.
