Energy Storage News•15 days ago
CATL’s Q3 ESS battery shipments reach 36GWh, market share ‘impacted by capacity constraints’
Key Takeaway
Strong demand for energy storage is leading to supply constraints from major OEM CATL, potentially impacting project timelines and costs for developers and large power consumers.
AI Summary
- •CATL, the world's largest lithium-ion battery supplier, shipped 36GWh of ESS batteries in Q3.
- •Despite recovering revenue growth, CATL's market share was impacted by its own capacity constraints, indicating robust demand for energy storage.
- •This suggests potential supply tightness and pricing pressure for battery energy storage systems (BESS) components in the near term for developers and large power consumers.
Topics
storageoemdatacenterppacapacity-market
Article Content
The world's largest lithium-ion company CATL has released its Q3 results, with revenue growth recovering from the previous period but its market share 'somewhat impacted by capacity constraints', a company executive said.