Meanwhile, there were strong profit increases for other Chinese integrated lithium-ion cell and BESS players, including Rept Battero, CALB, and Eve Energy, while US system integrator Fluence posted an all-time high backlog of US$5.6 billion.
An overall bankability score is calculated based on a company’s financial health, manufacturing operations and shipments. Companies are then benchmarked against each other on risk metrics and placed into a final ranking from AAA to C.
The bankability score of a company is accompanied by detailed commentary explaining exactly why a supplier may, or may not, be a suitable option for your projects. All aspects of the analysis use coefficients to ensure the methodology remains representative of current BESS market dynamics affecting BESS procurement.
Chinese players increasingly look to international markets
The rapid growth of battery storage deployment has attracted new players from the solar and automotive industries, but this is also intensifying competition in an increasingly crowded market. In China, where many of the leading ESS suppliers are based, strong domestic competition and pressure on system margins are encouraging established and emerging suppliers to look increasingly towards international markets for growth.
