The market prospects for household energy storage are enormous. With the progress and popularization of new energy generation technology, home energy storage systems will become an important component of future home energy management. At present, the Electricity pricing of energy in Europe, North America and other regions is soaring, and the Electricity pricing in Africa and other countries or regions is high and unstable. The application of home PV+energy storage can improve the level of spontaneous self use of power, delay and reduce the risks brought by the rise in electricity prices, and obtain stable power support, so the demand is rising rapidly.

According to relevant data, as of the third quarter of 2022, China's cumulative installed capacity of energy storage was 50.3GW, a year-on-year increase of+36%, including 5.9GW of lithium batteries, an increase of 15% compared to the end of 2022. In 2021, the cumulative installed capacity worldwide was 209.4GW, with a year-on-year increase of 9.58%, including 23.2GW of lithium batteries, with a year-on-year increase of 76%. However, the domestic household energy storage market is still in its infancy. However, due to various uncertain factors such as power outages and tiered electricity prices, household energy storage has attracted attention, and the potential market demand for mobile and household energy storage is rapidly releasing. It can be foreseen that there will be huge market potential in the future.

Shenzhen Topband Battery Co., Ltd.，established in 2006, is a wholly-owned subsidiary of Shenzhen Topband Co., Ltd. (002139.SZ). We focus on lithium iron phosphate batteries,with independent research and development in cells and BMS. With the ability to integrate the entire industry chain, we are committed to providing customers with one-stop lithium battery solutions and services. Our quality products are widely used in energy storage and light power.