As the European energy crisis intensifies, the great uncertainty of power supply has caused the price of electricity in Europe to increase by 6 times . Whether it can survive this severe winter safely has become the most worrying issue for Europeans.
Driven by this background and the dual carbon targets, the new energy industry has accelerated its pace of development. In order to cope with the intermittent and unstable power generation of wind energy, photovoltaic and other new energy sources, more and more European households have begun to equip new energy-related energy storage products.
Through these mature energy storage systems, users can make reasonable allocations according to electricity demand, and finally achieve the effect of "shaving peaks and filling valleys", effectively relieving the pressure on power generation.
With the support of policies in various countries, the prosperity of the energy storage industry continues to rise. Energy storage has become a new track for technology giants and star companies to focus on.
1. Prospects of the energy storage industry
Due to the rich application scenarios of household energy storage, Europe, the United States, and Japan have introduced special household-side subsidy policies, and the overall commercialization is relatively mature.
In contrast, in China, there are few household energy storage scenarios, stable grid power supply and relatively low electricity charges, and the commercialization model of energy storage is not yet mature. However, in the past two years, the policy level has paid great attention to the energy storage industry, and a series of favorable policies have been continuously introduced, and the energy storage industry is ushering in a new inflection point of development.
According to the "Guiding Opinions on Accelerating the Development of New Energy Storage" issued by the National Development and Reform Commission and the National Energy Administration in July 2021, by 2025, the cumulative installed capacity of new energy storage in China will reach more than 30GW. The energy storage industry has entered the stage of large-scale development from the initial stage of commercialization, and will achieve full marketization by 2030.
According to TrendForce data, the installed capacity of new energy storage in China will only be 5.76GW in 2021, and it is expected to exceed 100GW in 2030, and the market size will reach about 1.3 trillion yuan , with great growth potential.
Although the development of energy storage is growing rapidly, the following two pain points have become key factors restricting the development of the industry:
1. Lack of commercial profit mechanism
At present, most of the orders of energy storage manufacturers are driven by policies. The industry's defense ability against rising costs and market pricing ability are not mature enough , which will easily lead to price wars, which is not conducive to the healthy development of the energy storage industry.
2. Lack of safety standards
The frequent occurrence of safety accidents has reduced the market's trust in the safety of energy storage.
With the development of artificial intelligence and 5G technology, the intelligent transformation of the energy storage industry has become the antidote to resolve the above pain points. However, many energy storage manufacturers do not have the research and development capabilities of software and hardware integration, so they stepped on many pitfalls in the process of transformation and intelligentization. Not only was a lot of manpower, material and financial resources wasted, but also the product development process is slow, and it is easy to miss business opportunities.
2. How to quickly seize the energy storage market?
In order to help energy storage manufacturers quickly seize business opportunities, Tuya Smart ( NYSE: TUYA, HKEX: 2391 ) , a global IoT development platform service provider, has launched smart energy storage product solutions, covering smart outdoor power supplies, smart charging piles, smart inverters, digital Mainstream energy storage products such as power supplies.
This solution has powerful functions and ultra-low threshold for research and development. By providing one-stop intelligent solutions including networked cloud modules, software, App, cloud services, etc., it helps energy storage manufacturers to quickly implement intelligentization.
01 Smart Outdoor Portable Power Solution
The explosion of "exquisite camping" has driven the continuous heating up of surrounding industries, and outdoor power supplies are a new category with explosive growth.
According to Research and markets, the global portable power supply market is expected to grow from US$360 million in 2021 to US$500 million in 2026, at a compound annual growth rate of 6.7%.
Portable power products using Tuya's smart outdoor power solution have multiple charging ports, which can charge a variety of digital products, such as mobile phones and computers. Users can check the charging status of the devices on each charging port through the mobile app, and it supports solar power generation, charging while using, and it can be fully charged in 2 hours , allowing you to use electricity outdoors without worry.
It supports a variety of scene lights such as flashing lights, long-distance lights, and ambient lights. The brightness and color can be adjusted arbitrarily, and it is an excellent atmosphere maker.
In addition, it is also an emergency assistant. In case of an accident, the equipped SOS emergency light allows you to get rescue quickly.
And you don't need to worry about the safety of electricity use. The solution supports multiple alarm functions, real-time overvoltage protection, overcurrent protection, overcharge protection, high temperature alarm, low temperature alarm, etc. Once the current overvoltage or overload occurs, an alarm will be triggered to protect the safety of electricity consumption!
02 Smart Photovoltaic Inverter Solution
With the rising cost of global energy expenditure and the increasingly tense energy in Europe, it has become the policy consensus of the world's major economies to speed up the construction of new energy represented by photovoltaics.
In order to help traditional inverter manufacturers quickly realize digital and intelligent transformation, Tuya Smart launched a smart photovoltaic inverter solution. The mobile app can count power generation according to the time dimension of hour/day/week/year, so that users can Arrange electricity consumption reasonably.
Household power generation allows you to see every cent of your reduced electricity bill. After setting the currency and unit price of the electricity bill in the App (that is, the electricity bill charging standard), the cumulative power generation income of the day can be calculated according to the daily power generation, which is very convenient.
Equipment safety and stable operation have always been the focus of users. This solution supports 16 alarm settings and message push. For example: over-current/over-voltage alarm, grid abnormal alarm, high temperature alarm and battery abnormal alarm, etc., to effectively protect the safety of household power generation.
According to the individual needs of inverter manufacturers, Tuya Smart also provides a lightly customized device management SaaS system.
Including: equipment work dashboard, remote fault diagnosis, operation data analysis, dealer authority management, and space management in different regions, helping inverter manufacturers to flexibly respond to various situations in operation.
03 Smart charging pile solution
As a frequent visitor to hot news, the attention of new energy vehicles has continued to rise in the past two years. As an important basic guarantee for the development of new energy vehicles, charging piles ushered in explosive growth.
Statista data shows that the global charging pile market is expected to increase from US$6.3 billion in 2021 to US$28 billion in 2025, and will reach US$81.3 billion by 2028 , close to a market of 100 billion US dollars.
However, the charging piles currently on the market have problems such as difficulty in finding the user end, high rate of broken piles, and single business model, which hinder the development of the charging pile industry.
Tuya Smart launched a smart charging pile solution, which supports intelligent geographic positioning . Users can quickly locate the location of idle charging piles through the mobile app, effectively optimizing resource allocation.
New energy vehicles are most afraid of sudden power outages. This solution supports power statistics, power inquiries, charging records, etc., and users can view them on the App side to help plan charging time reasonably.
In view of the frequent safety issues such as abnormal charging piles, fire and explosion, this solution supports 16 power protections such as CP abnormal alarm, contactor failure alarm, communication failure alarm, overvoltage protection, leakage protection, and short circuit protection. Once a problem occurs, it will Immediately and automatically report to ensure the safety of electricity consumption in all aspects.
Tuya has also created a charging pile self-service operation platform , which supports the establishment of a membership point system, marketing/promotional activities, tracking and analyzing the operating status of power stations and the status of charging pile clusters. Combined with powerful data analysis and statistical functions, fancy gameplay helps charging pile manufacturers build a richer profit model.
With the spring breeze of policy and market mechanism reform, new energy storage will enter the fast track of healthy development by exploring mature business models. Tuya looks forward to working with you to jointly develop a trillion-dollar blue ocean market!
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Tuya's smart energy storage product solutions have been launched on the platform. If you want new energy industry solution information, contact me to get it for free, and there are also coupons for development modules!