[Chinese energy storage companies have won consecutive large orders in Europe]Chinese energy storage companies have recently made significant breakthroughs in the European market. With the cumulative installed capacity of energy storage in Europe expected to exceed the 100GW mark by November 2025, the market is entering a critical stage of large-scale development. In this context, China Automotive New Energy has signed a 2GWh energy storage strategic cooperation agreement with Belgian energy company AVESTA, while Kubo Energy has also reached a 1GWh strategic cooperation agreement with Romania's VoltLink Energy.
As a joint venture between multiple Chinese state-owned enterprises in the field of power batteries, China Automotive New Energy has obtained over 14GWh of energy storage orders worldwide by 2025. Kubo Energy continues to focus on the European market, and this cooperation aims to build an energy service ecosystem that covers the entire chain. The signing of these orders reflects a structural change in the European energy storage market from household use to large-scale project dominance, driven by a significant improvement in energy storage economics. From 2022 to 2025, the cost of European LFP energy storage systems has decreased by about 37%, and the reform of the electricity market has created a diversified revenue model of "energy arbitrage+ancillary services" for energy storage.
Despite Europe's ambitious goal of 500-780 GWh by 2030, the path to achieving it still faces challenges. The lengthy approval process and fragmented internal market may constrain the pace of development. The strong entry of Chinese energy storage companies not only seizes the opportunity of market explosion, but also injects key technological products and solutions into Europe's energy transformation. Editor/Yang Beihua
The Shenzhen Development and Reform Commission released the "List of Major Projects in Shenzhen for 2026" on February 28. The list involves 832 major projects with a total investment of approximately 3.2 trillion yuan, and the planned investment for 2026 is approximately 309.1 billion yuan. The project unit includes multiple energy storage related enterprises, such as BYD, Coaster New Energy, etc. In the field of energy storage, the list clearly includes an independent energy storage power station project with a scale of 200MW/400MWh, as well as multiple energy storage industrialization and research and development projects.Editor/Yang Meiling
Far East Corporation announced on March 2nd that its subsidiary has won the bid for a project. According to the announcement, in February 2026, the total amount of contracts and orders worth over 10 million yuan won and signed by its subsidiaries was approximately 887 million yuan. Among them, the total amount of energy storage system contract orders is about 308 million yuan, showing outstanding performance. During the same period, the total amount of lithium battery contract orders was approximately 17 million yuan, and the total amount of lithium battery copper foil contract orders was approximately 44 million yuan. This data reflects the company's market acquisition in the relevant field.Editor/Yang Meiling