CATL, BYD, Envision Energy Storage, and Kehua Digital Energy in the second week of April all released new industrial energy storage systems, poised to make a significant impact on the energy storage market. Both CATL and BYD have introduced systems with capacities exceeding 6MWh, an increasing trend in the sector, while others have unveiled systems with substantial storage capacities as well.

A new product to help increase CATL’s market share further

CATL’s TENER system offers a capacity of 6.25MWh, with a cell volumetric energy density of 430Wh/L, a milestone for LFP batteries. Additionally, CATL announced the TENER is a world class system in that it will have no degradation over the first five-years of the systems’ life span.

Compared to CATL’s previous container-based products with a maximum capacity of 5MWh, the TENER has a 30% increase in energy density per unit area. Under lab conditions, CATL has demonstrated a cycle life exceeding 15,000 cycles, surpassing all of its other energy storage products.

CATL’s 2023 annual report showed that its lithium-ion battery sales amounted to 390GWh, a 35% increase from 2022. Of these total sales, 18% came from the company’s energy storage systems, amounting to 69GWh, a 46% increase from 2022 figures.

BYD releases new energy storage product

Following CATL, BYD has released a new…

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