In 2024, CATL shipped nearly 110 GWh of energy storage lithium batteries globally, leading the market with a 29. In Q1 2025, it accounted for 30. 7% of global shipments, topping both the AC side (system integration) and DC side (battery cells).
In 2024, in the global market, the top ten Chinese companies by shipment volume of energy storage batteries (excluding backup power batteries for base stations/data centers) were: CATL, EVE, Hithium, BYD, REPT BATTERO, CALB, AESC, CORNEX, Lishen, and Ganfeng LiEnergy.
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The primary types of energy storage currently implemented include lithium-ion batteries, pumped hydro storage, and emerging technologies like flow batteries, offering varying advantages.
Italy also plans to join European balancing platforms like PICASSO, MARI, and TERRE, which could expand future revenue options for batteries that provide ancillary services.
The PV industry supported over 4 million full-time jobs in 2023 and contributed approximately 685 billion yuan to the economy. Energy storage capacity grew rapidly, integrating PV into a more resilient and sustainable energy system.
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