China energy engineering corporation further increases investment in energy storage

In recent years, the energy storage market has rapidly emerged, with central and state-owned enterprises playing a key role as important participants.On one hand, it appears as the owner of energy storage project investments, while on the other hand, it is also accelerating its deep integration into the energy storage industry chain.Currently, an increasing number of central and state-owned enterprises are intensifying their investments in the energy storage sector, with China Energy Engineering Group being one of the leaders.

Winning bids in the first five months of this year exceeded...6.8GWhAfter June, China Energy Engineering Corporation launched a scale of25GWhThe large-scale energy storage procurement and an investment of 5 million yuan have led to the establishment of a new company, China Energy Investment (Caoxian) New Energy Co., Ltd., which covers services in wind, solar, and energy storage power generation technology.

And recently,China Energy Engineering Corporation (CEEC) once again increases its investment in energy storage, quietly establishing a new company in Qinghai.Qinghai Qingchu Energy Storage Technology Co., Ltd. (referred to as "Qingchu Technology"), the main business coversEnergy storage technology services, energy performance contracting, wind power technology servicesAnd core areas.

From the main business of Qingchu Technology, it willFocus on the three major areas. Energy storage system integration and operation and maintenance, such as lithium batteries and flow battery applications. Energy efficiency optimization services, such as helping enterprises reduce costs through energy performance contracting. Renewable energy power generation facilities, especially wind power generation, as Qinghai is a region rich in wind energy.

Industry experts believe that,Qinghai Province boasts exceptional wind and solar resources, with new energy installations accounting for more than 70% of the total capacity. The challenges of grid integration have generated a huge demand for energy storage. China Energy Engineering Group’s decision to locate its new company in Qinghai is an important move to concentrate resources and seize the high ground in the energy storage business.

It is worth mentioning that China Energy Engineering Corporation not only has more than twenty subsidiaries involved in the energy storage business, but has also established in this field.Specialized energy storage cell manufacturing company - Zhongneng Ruixin.It is understood thatIn March this year, Zhongneng Ruixin successfully delivered its independently developed and produced 314Ah high-performance energy storage cells.In addition, its Xiamen production base plans to establish an annual production capacity of 30GWh.The first phase of the project involves an investment of 1.9 billion yuan and plans to build a production capacity of 5GWh lithium iron phosphate energy storage cells per year. The foundation piling has been completed recently, and trial production is expected to begin in the first quarter of 2026.

In the field of energy storage, China Energy Engineering Corporation is intensively demonstrating the strength of a "national team" through its actions, while also signaling that state-owned energy enterprises are accelerating the advancement of self-manufacturing in the areas of large-capacity energy storage cells and energy storage systems.

At the beginning of this year, Song Hailiang, Secretary of the Party Committee and Chairman of China Energy Engineering Group, stated in a media interview:"At present, new energy storage, new energy, and hydrogen energy are rapidly becoming the core industries, core productivity, and core profit sources of China Energy Engineering Corporation."

In 2024, the China Energy Engineering Group Co., Ltd. (CEEC) signed new contracts amounting to approximately 1.41 trillion yuan, representing a year-on-year increase of 9.75%.The newly signed contract amount, including new energy storage, wind power and other businesses, is approximately 555.345 billion yuan.Approximately 39.4% of the total contract amount, far exceeding the 312.97 billion yuan in new contract value for the traditional energy business.

In the first half of 2025, China Energy Engineering Corporation signed new contracts worth 775.357 billion yuan, an increase of 4.98% year-on-year.The contract amount for new energy and integrated smart energy is 330.172 billion yuan, with a year-on-year increase of 12.57%.Accounts for 46% of engineering construction orders.

Additionally, it is reported that from January to June this year, a staggering 48,000 new companies involved in energy storage business were established nationwide, marking an 18% increase compared to the same period last year, with an average daily increase of 270 new companies. Central and state-owned enterprises, equipped with capital, projects, and resource advantages, are making significant inroads into the energy storage market, which will create a crushing force and accelerate the elimination of small and medium-sized energy storage enterprises lacking core competitiveness, as well as the clearance of low-end and inefficient production capacities.