Featured in The Long Game – 02-2023

Energy storage shipments top 140 GWh

Global shipments of battery cells for the stationary energy storage market surpassed 140 GWh in 2022, up 200% from 2021. Contemporary Amperex Technology Ltd. (CATL) accounted for more than 40% of the market, leaving other manufacturers far behind. Fellow Chinese players BYD and Eve Energy took second and third place, respectively, while South Korea’s Samsung SDI was pushed down to fourth, says Yuan Fang-wei, an analyst for InfoLink.

By

pv magazine

08 Feb 2023

CATL’s battery cell factory in Arnstadt, Germany, began production in late 2022. The Chinese company dominated cell shipments to the energy storage segment in 2022, taking more than 40% of the market. | Photo: Wikimedia Commons

Manufacturers are grabbing market share as energy storage booms worldwide. However, South Korean companies including Samsung SDI and LG Energy Solutions moved down the ranking for battery cell shipments, indicating the disadvantage and challenges facing application of the nickel-cobalt-manganese (NCM) battery chemistry in the stationary energy storage segment. Chinese players occupied the top three spots …

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