Lithium-ion energy storage market heats up, and Lujin new energy storage system is expected to ship 150MWh in 2018

The global mature energy storage market has a particularly high demand for the cycle life, quality assurance cycle and economic efficiency of energy storage batteries. The price is not very sensitive to domestic prices, so the foreign energy storage market is inclined to Samsung/LG batteries. This is also an important reason why Kelu chose to establish a storage company with LG Chem.

As the lithium battery storage market heats up, the new company Wuxi Lujin New Energy Technology Co., Ltd. (hereinafter referred to as “Lujin New Energy”) is growing rapidly.

“The company is expected to complete 150MWh shipments this year, with DC system integration as the main market, including domestic, Japanese, Australian and Southeast Asian.” Zhou Han, general manager of Lujin New Energy, told Gaogong Lithium that the company focuses on high-end lithium battery energy storage. The market is currently accelerating production to bulk supply to domestic and Japanese markets.

Zhou Han pointed out that the current domestic energy storage market has begun to increase the installed capacity gradually, and the foreign energy storage market has grown rapidly but is basically monopolized by foreign companies such as Samsung, LG and Tesla. With the accumulation of Kelu in the energy storage market and the technology of LG Chem in the field of batteries, Lujin New Energy has built a world-class energy storage system supplier and has a place in the international energy storage market.

Founded in 2017, Lujin New Energy is a joint venture between Kelu and LG Chem. It provides energy storage battery systems that can be used independently for home use systems, UPS and large grid-level energy storage systems.

At present, Lujin New Energy has more than 6,000 square meters of R&D and production bases in Wuxi. It has a single production line of 600MWh/year. The entire production line has only 4 operators responsible for cable installation and BMS installation, and its yield is 99.7%. The company expects to add a new production line by 2020, with a planned new capacity of 700-800Mwh/year.

In fact, in recent years, the lithium-ion energy storage market has begun to heat up, which has attracted a large number of battery companies to start to allocate energy storage market. This year, a large number of power battery companies will use the energy storage market as the company's key plan this year.

"The company is expected to complete 150MWh shipments this year." Zhou Han said that Lujin New Energy is more confident in completing this year's small target, and is more optimistic about the domestic and international energy storage market next year, and is currently supplying bulk for domestic and foreign customers.

Zhou Han believes that Japan and Australia are currently one of the world's largest household energy storage markets; South Korea is the world's largest power generation side energy storage market; Southeast Asia is the world's largest island off-grid market; China is the world's most promising market.

For different markets, Lujin New Energy will combine the advantages of Kelu and LG Chem in energy storage systems and battery technology to open up the domestic and international lithium storage energy market.

The battery modules used by Lujin New Energy are the internationally leading batteries produced by LG Chemical's latest laminated lamination process. They have high energy density, high cycle life, high compatibility, high safety and high reliability. Six characteristics of high maintainability mainly used in power grid peak shaving, commercial peak shaving, frequency modulation, household energy storage and uninterruptible power supply UPS and other fields.

The company currently uses three kinds of LG chemical batteries, namely energy type JH3, JH4 and power type JP3. The shape and structure of the three batteries are completely consistent, and the production line is fully compatible, which provides a strong backing for Lujin New Energy to open up overseas markets.

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