2022-09-20
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Taiwan's energy storage battery application market is taking off rapidly, but the local energy storage battery industry chain is full of joy and sorrow; Truewin Technology, which specializes in lithium-iron battery products, has successfully integrated the battery supply chain with differentiated product strategies and unique technical capabilities. After seizing the leading position in domestic semiconductor UPS lithium battery supply, it stepped into the application of grid-level energy storage before and after the meter a year ago, and it has also made great achievements, and the results are better than expected.
In 2022, Taiwan’s battery energy storage market will be hot, as can be seen from the supply and demand of power grid-level timely backup and auxiliary services before Taipower’s opening of the meter; Taipower’s planned demand scale in 2025 is 500MW, and dReg has passed 1660.2MW of cases so far, exceeding the demand by more than three times. At the beginning of September, Taipower announced that it will suspend the acceptance of applications for dReg and grid-connection review from October 15th, and those who apply for queuing must build E-dReg case centers instead.
Taipower’s pre-meter grid-level timely backup auxiliary service market is almost monopolized by foreign battery manufacturers. Taiwan’s lithium battery industry chain, from modules to system operators, relies heavily on foreign battery manufacturers to survive and develop in the backup auxiliary service market.
The Truewin Technology team has excellent lithium iron phosphate battery PACK technology and BMS battery management system. Through the integration of upstream battery materials, manufacturing processes, and manufacturing OEMs, it takes advantage of the cost advantages of the battery factory's economies of scale and is not limited to the battery factory. Customers create high-quality, high-value, competitive energy storage products and solutions. In the past few years, Truewin lithium-iron battery system has been deeply recognized by major domestic and foreign UPS brand manufacturers and domestic wafer foundries, and has become the preferred supplier.
In the fourth quarter of last year, Truewin stepped into the field of front-meter/back-meter grid-level energy storage applications. The team used the experience of medium and high-voltage energy storage batteries accumulated in the UPS market over the past few years to design and combine special cells, special battery packs, BMS, and special The battery cabinet and energy storage environmental control system form a large energy storage container, which received high praise and response from customers after its launch.
Xie Fangji, chief technology officer of Truewin Technology, said that in the first half of 2022, Truewin’s UPS battery module revenue will be 980 million yuan, double that of the same period last year, and the annual lithium-iron battery module orders are expected to grow from 129MWh last year to 262MWh ;Recently, the grid-level energy storage market continues to be booming, and the storage surplus orders have doubled significantly. It has received more than expected orders for 15MWh grid-level energy storage lithium-iron battery modules, and will start shipments from the fourth quarter of this year. It is estimated that this year's total Revenue is expected to exceed 2.2 billion yuan, with grid-level energy storage system products accounting for 10% of revenue.
In response to the rapid expansion of orders and stable product supply capacity, Truewin invested in expanding battery modules and BMS self-made energy last year. The battery module joint venture factory in Tainan Science and Technology Zone and the BMS Zhubei factory will be the first in the fourth quarter of this year and next year. It will start production in the first quarter of this year, and will add new momentum to its operating growth next year.
