The global energy transition is accelerating, household energy storage demand in Europe is recovering, and AI computing power is surging. These factors are driving the energy storage industry into a new cycle of explosive growth. According to Frost & Sullivan, global shipments of residential energy storage systems (ESS) are expected to grow at a compound annual growth rate (CAGR) of 52.3% between 2025 and 2030, indicating the market could expand several times over in the next five years. A report from SolarPower Europe, the European Photovoltaic Industry Association, shows that the European battery storage market is projected to grow sixfold by the end of this decade, reaching approximately 400 GWh. The report highlights that the European battery storage market is a critical pillar for the EU's goals of achieving energy security and enhancing international competitiveness.
In July, Chinese companies continued to secure major deals in the European energy storage sector. Trina Storage, CECB, and Tianqi Hongyuan won significant orders in Sweden, Germany, and the UK, respectively, totaling over 1.8 GWh. These contracts cover grid-side and residential applications, involving system supply, general contracting services, and long-term operational cooperation. A research report from CITIC Securities estimates that new installations in Europe could reach 165 GWh by 2030, with a projected CAGR of 40% from 2024 to 2030, corresponding to a market value of 170 billion RMB. By region, storage projects in Eastern Europe are expected to ramp up quickly in the short term, while Western and Southern Europe offer larger long-term potential. Leveraging cost advantages, domestic Chinese manufacturers are poised to increase their market share in Europe, with a positive outlook for battery cell and system integration firms involved in the European energy storage business.
Hong Kong-listed stocks entering the European energy storage market are showing impressive performance. SIGENERGY (02655) has announced that for the six months ending June 30, 2026 (the reporting period), the group expects to achieve revenue of approximately RMB 9.5 billion to RMB 10 billion, an increase of about 240% to 270% compared to the same period in 2025. Net profit is expected to be around RMB 2.35 billion to RMB 2.45 billion, an increase of approximately 190% to 210% year-on-year. Profit attributable to owners of the company is projected between RMB 2.35 billion and RMB 2.45 billion, also up 190% to 210%. Adjusted net profit (a non-IFRS measure) is expected to be between RMB 2.40 billion and RMB 2.51 billion, an increase of 120% to 140%. Based on available information and preliminary assessments by the board, the performance growth is mainly attributed to increased sales volume driven by continued growth in core markets and rising market share. According to a Frost & Sullivan report, based on product shipments, the company has become the world's leading provider of stackable distributed solar-storage integrated solutions, with a 28.6% market share in 2024. In 2025, the company's main revenue came from Australia and Europe, with a small portion from Africa. The company's SigenStor product has attracted global customers thanks to its excellent performance, securing the top global position in the stackable distributed solar-storage integrated inverter market in 2024 with a 28.6% share. High quality has rapidly enhanced the company's brand recognition, leading to a quick volume increase in Europe. In 2025, European revenue reached RMB 4.01 billion, up 402% year-on-year. In the Australian market, the company caught up rapidly, becoming the top residential storage provider in March 2025, with a market share exceeding 30% in May 2025. By 2026, it had secured 2.5 GWh in orders.
GUOXIA TECH (02655) provides energy storage system solutions and products for large-scale power generation and grid-side applications, as well as commercial, industrial, and residential scenarios, in both the Chinese and overseas markets. At the end of June this year, GUOXIA TECH signed a strategic cooperation agreement with Rocmore Energy AB. Under the framework agreement, the parties intend to establish long-term strategic cooperation, combining the group's energy storage solutions with Rocmore's Nordic projects, aiming to jointly serve the Nordic and broader European markets. The company has proposed an "Energy Storage as Token" strategy, advocating for the direct conversion of the cost advantages of per-kilowatt-hour electricity storage into pricing advantages for large-scale models. The company plans to leverage its self-developed "cloud-edge-device" collaborative intelligent architecture and the Safe ESS core technology platform to build an AI-driven "Tokenized Energy Storage Factory," providing a solid energy foundation for AI computing power.
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