Recently, CNESA (China Energy Storage Alliance) has released “White Paper on Energy Storage Industry Research 2021”. Vika Energy is ranked 4th on the TOP List in the overseas shipments of electrochemical energy storage 2020 (excluding the residential).
The ranking of this industry’s weathervane is of great significance to Vika Energy. It’s also another high recognition in the industry after the last award of the TOP BRAND PV-STORAGE from EUPD. Both mark that Vika Energy has laid a solid foundation in the overseas market!
Since its inception, Vika Energy has focused on overseas markets, with wholly-owned subsidiaries in Germany, Australia, Italy, UK, Singapore, Japan, and Korea. Currently, the businesses have expanded to 60 + countries globally and installed more than 60000 energy storage systems. Ranging from residential use to commercial & industrial use, Vika’s products are applied in various fields, and have been subject to multiple international standard certificates including IEC, TÜV Rhine, KBIA, and JET.
According to CNESA, in 2020, besides China, Japan, and South Korea, the US, Australia, Germany, and the UK also see a round of development spree. The U.S. Department of Energy (DOE) released the “Energy Storage Grand Challenge Roadmap”, and the European Commission launched the “Battery Innovation Roadmap 2030”. They all put forward the strategic goal of energy storage development in the future in a systematic way.
By the end of 2020, the cumulative installed capacity of energy storage projects in operation worldwide was 191.1GW, a year-on-year increase of 3.4%. Among them, the cumulative installed capacity of pumped storage is the largest at 172.5GW; electrochemical energy storage follows with 14.2GW; among various electrochemical energy storage technologies, the cumulative installed capacity of lithium-ion batteries is the largest at 13.1GW.
The cumulative scale of electrochemical energy storage and lithium-ion batteries both exceeded the 10GW mark for the first time.
Since the second half of 2020, large-scale 100MW energy storage projects emerged successively worldwide. In 2020, 4.73GW of electrochemical energy storage projects were put into operation, with the scale of projects in the pipeline and under the construction topping 36GW.
Most of the projects are wind & solar energy storage systems which use the energy stored in batteries to reduce power fluctuations and increase reliability to deliver on-demand power. They store excess energy when demand is low and release it when demand is high, to ensure a steady supply of energy to millions of homes and businesses. The energy storage systems are also deployed in remote small-scale hydroelectric systems to help provide essential, clean energy for communications, refrigeration, and more to many of the 1 billion people in remote areas who lack access to a power grid.
2020 marks a crucial year for reaching grid parity for wind & solar energy storage, laying a foundation for the comprehensive replacement of fossil energy in the future.
In 2021, with the inauguration of Joe Biden, the United States relaunched the “Paris Agreement”, and carbon neutrality has become the most important topic nowadays. The successive introduction of carbon neutrality targets by governments will also become an important force in promoting the development of the energy storage industry.
As a pioneer involved in the industry at an early stage, Vika Energy has always held the mission of “Enabling millions of people to live with reliable, accessible and clean energy”.