1. High energy density: the energy density of lithium-ion batteries is much higher than that of lead-acid batteries, which means that lithium batteries are able to store more electricity under the same volume or weight. For example, for electric vehicles, the use of lithium batteries can significantly increase the vehicle's range.

Reducing peaks and filling valleys Many regions have a peak and valley pricing policy, which means that electricity prices are higher during peak periods and lower during trough periods. Domestic energy storage systems can store electricity during low tariffs and release it during peak hours, thus reducing electricity consumption during peak hours and effectively lowering electricity bills. For example, research in Germany shows that a 2kW photovoltaic system with a 2kWh storage battery can reduce grid electricity costs by 64%.

1. Soaring electricity costs: global electricity prices rose 35% (citing IEA data), the average annual cost of electricity for U.S. households exceeds $1,500, energy storage systems can reduce 50% grid dependence.

In 2024, the global energy storage market continued to maintain a high rate of development, with the installed capacity of newly commissioned power storage projects reaching 82.7 GW, a year-on-year increase of 59.0%. Among them, the new energy storage installed capacity accounted for nearly 90%, reaching 74.1 GW. China's performance in the field of new energy storage is particularly outstanding, the new installed capacity reached 43.7 GW, accounting for about 60% of the global new installed capacity. By the end of 2024, China's cumulative power storage installed capacity reached 137.9 GW, of which the installed capacity of new energy storage reached 78.3 GW, for the first time exceeding the installed capacity of traditional pumped storage.

Energy storage, as its name suggests, is the temporary storage of various forms of energy, such as electricity and heat, and then release them when needed. It is like a magical ‘energy box’, which can ‘eat’ into the energy when energy is abundant, and then ‘spit’ out when energy is tight or needed. Doesn't this sound like a scene from a science fiction film? But in fact, this is already a real part of our lives!

Energy storage technology refers to the technology of storing electrical, thermal or other forms of energy through specific devices or physical media, and releasing them when needed. Energy storage systems play a vital role in power systems, especially in dealing with the intermittency and instability of renewable energy sources (e.g., wind, solar). Through energy storage technology, peak shaving and valley filling, frequency and voltage regulation of the power system can be realised, and the stability and reliability of the power grid can be improved.

Dr Yan Renwu and his team from Fujian University of Technology introduced the faculty strength and rich teaching experience of the School of Electrical, Electronic and Physics of the university. The establishment of the joint training base aims to provide students with education that is closer to the actual industrial needs and to cultivate high-level professionals with excellent practical skills.

At the 2024 World Solar Photovoltaic and Energy Storage Industry Expo, Huaxu Group will showcase our commitment and innovation to green energy. Join us and witness Huaxu Group's innovative achievements in the fields of solar energy and energy storage!

Based on decades of technical experience, Huasu New Energy Group has established a complete safety management system to ensure the safe and smooth operation of the energy storage system by considering the overall safety design of energy storage products in multiple dimensions, following the general idea of combining prevention and response, active and passive, and combining active and passive.

The unprecedented scale of the exhibition will reach 155,000 square metres of exhibition space, with more than 600 exhibitors and 14,983 visitors. The exhibition will showcase the latest solar technologies, products and services, including high-efficiency solar cells, smart inverters, energy storage systems and more. A series of exciting events will be held at the show, including technical seminars, industry forums, product demonstrations and more.

​September 12th~ 14th , 2023 U.S. International Solar Energy Exhibition RE + (formerly SPI & ESI) will be held in the United States in Las Vegas Sands Expo Convention and Exhibition Center grand.