Published PM GMT+8 GMT+8, June 3, 2025,
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Company News
【China】Hoymiles Launches World's First 5000W Super Microinverter
#Hoymiles
Hoymiles announced the launch of the world's first 5000W Super Microinverter, named the Hoymiles MiT 8-in-1. Designed for industrial, commercial, and large residential applications, Hoymiles states this new model requires no replacement for 25 years, significantly outperforming the typical 10-year replacement cycle for most conventional inverters.
【Kazakhstan】Envision Energy Sets to Produce Energy Storage Systems in Kazakhstan
#Envision Energy
Chinese company Envision Energy plans to manufacture Energy Storage Systems (ESS) on Khorgos Island in Kazakhstan. The country's Vice Minister of Energy noted ESS technology is relatively new to the Kazakh market. The systems will be installed at large-scale wind farms with a total capacity of 1GW, deployed at a rate of 300MW.
Industry Updates
【EMEA】Spain Allocates €700 Million for Energy Storage
#EnergyStorageSystem
Spain announced €700 million in funding to support energy storage projects and enhance grid stability. Sourced from the EU Regional Development Fund, the aid aims to boost economic activity in disadvantaged areas and improve power security. This initiative responds to the widespread April 2025 blackout. Projects must propose solutions of at least 1 MW and be completed by 2030.
【Americas】LG Energy Solution Commences Mass Production of its First LFP Batteries for ESS in the US
#EnergyStorageSystem
LG Energy Solution has started mass production of Lithium Iron Phosphate (LFP) batteries for Energy Storage Systems (ESS) at its Holland, Michigan plant. These long-cell pouch-type LFP batteries are specifically designed for ESS, offering superior safety and price competitiveness compared to mainstream ternary batteries. Initial supply agreements have been secured with key local clients like Terragen and Delta.
【China】Guangdong Sees Surge in Behind-the-Meter ESS Project Registrations, Signaling Rapid Industry Growth
#Industry #PowerPolicy
By May 28th, 2025, the number of registered ESS projects on Guangdong Province's Online Investment Project Approval Platform reached 3,395. This includes 1,227 behind-the-meter (user-side) ESS projects and 2,168 other ESS projects.
Policy Updates
【APAC】Australia's A$2.3B Home Battery Subsidy Arrives! Virtual Power Plant Capability Mandatory
#ResidentialStorage #EnergyStorageSystem
Australia's Federal Government is launching a substantial subsidy program to make home batteries cheaper. A key requirement mandates that all subsidized grid-connected storage systems must have the capability to participate in Virtual Power Plants (VPPs). This aims to foster integration of distributed storage assets into the grid. Currently, Australia's VPP market development is slow, with most households not participating due to unclear benefits, concerns over control, and program complexity.
【China】Shandong Power Market New Policy: Differentiated Rules for Existing & New Projects, Advisory Pricing Mechanism Details Released
#Market #StorageStandards #PowerPolicy
Shandong Province issued a transition policy for its power market, outlining arrangements for an advisory pricing mechanism applied to new energy projects. Wind and solar projects will be categorized based on their full-capacity grid connection date. Market participation rules differentiate between existing (in operation) and new projects, requiring new projects to enter the market for trading before the advisory pricing takes effect.
Supply Chain Dynamics
LFP Price Decline Slows! Order Books Relatively Full Amid U.S. Tariff Impact
#Tariffs #BatteryCells #ImportsExports
The price decline of Lithium Iron Phosphate (LFP) materials slowed last week, influenced by ongoing falls in lithium carbonate prices and the impact of U.S. tariff adjustments. ESS orders showed noticeable recovery, while power battery orders slumped. Downstream cell manufacturers supplying overseas ESS markets are operating actively, while material suppliers focus on inventory reduction. LFP is expected to be featured at the upcoming Indonesia Mining Congress.
Technology Frontiers
[Utility Model Patent] An Energy Storage System
#UPS
Zhuhai Wate Power Equipment Co., Ltd. disclosed an ESS design featuring a master control cabinet and multiple energy storage units. The master cabinet contains an AC busbar and parallel branch switches, while each storage unit includes a converter, battery control box, and modules. This design avoids DC-side parallel circulation currents, enables independent control of storage units, and minimizes impact on overall system capacity and power output.
[Invention Patent Granted] A Charging/Discharging Method for PV-ESS & Related System
#PVStorage
Guangdong Shengtai Environmental & Energy Saving Tech Co., Ltd. disclosed a method and system for charging/discharging photovoltaic energy storage systems. By acquiring electrical parameters, it utilizes neural networks to build predictive models for charging and discharging parameters. These models are then combined into a synergistic charging-discharging model, enabling autonomous optimized control of storage units without manual intervention for high timeliness.
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