Market Trends of LFP Battery

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Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period.

LFP to overtake NMC as dominant stationary storage chemistry by 2030.

 

Global Energy Storage Trends

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

Energy storage is still a nascent market, a relatively new investment class with underlying risks. The stakeholders – whether end-consumers or big equity investors – are interested in continuing to invest in the sector and do not appear to be hindered by the pandemic and economic recession impacts.

Supportive policies, ambitious climate commitments, and the growing need for flexible resources are common drivers.

 

Home Energy Storage Trends

The global residential energy storage market is projected to reach USD 17.5 billion by 2024 from an estimated USD 6.3 billion in 2019, at a CAGR of 22.88% during the forecast period.This growth can be attributed to factors such as the declining cost of batteries, regulatory support and financial incentives, and the need for energy self-sufficiency from consumers. Residential energy storage systems provide backup power during power outages, and therefore, play a vital role in the energy industry.Asia Pacific is estimated to be the largest market from 2019 to 2024. The growth of this region is primarily driven by countries such as China, Australia, and Japan, which are installing storage solutions for residential end-users.

 

Leading LFP Battery

Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030, according to new analysis from Wood Mackenzie.

ZRGP | The 4 Main Types of Inverters

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Here, we explain the differences and hopefully help clear up some of the confusing and conflicting terminologies such as multi-mode inverter, inverter-charger, battery inverter and battery-ready inverter. ZRGP Lithium Battery’s household energy storage systems are compatible with 16 world-famous inverter brands. Electricity prices are forecast to increase by 35% according to energy giant Alinta Energy.

 

Grid-tied inverter

Grid-tied inverters are for a grid-tied solar system.

These require an active grid connection to function. If the grid goes down, you will not be able to use any Solar Power produced. Another feature of the Grid-Tied inverter is that you can feed Solar Power back into the grid.

Grid-Tied setups are ideal for homes or businesses that use the majority of their electricity during the day. Supplementing your daily electricity usage with Solar Power will drastically reduce electricity bills.

 

Off-grid inverter

An off-grid inverter is for a stand-alone or off-grid solar system.

Off-grid inverters convert the DC energy from a solar battery or the solar panels into AC energy.

Some off-grid inverters work as inverter/chargers because they also allow you to charge your battery bank from an AC source such as a generator.

These inverters are ideal for game lodges, rural areas, or new homes that are not connected to the grid.

 

Hybrid inverter

Hybrid inverters sometimes referred to as battery-ready inverters, combine a solar and battery inverter together in one simple unit.

Hybrid inverters give you versatility because they can work in both a grid-tied and off-grid system.

Unlike grid-tied inverters, however, hybrids don’t shut down during load shedding or a blackout. Rather, they disconnect from the grid and continue supplying you with power.

They also work as an inverter/charger because they can connect to the grid or a secondary AC source like a generator to charge the battery bank when the sun can’t do the job.

It’s this versatility that makes hybrids your best option if:

You’re trying to beat load shedding or power outages;

You want to sell your excess electricity to the grid;

 

Battery inverter

Battery inverters are the most basic type of inverter used with batteries. They convert DC low-voltage battery power to AC power. These are available in a huge range of sizes, from simple 150W plug-in style inverters used in vehicles, to powerful 10,000W+ inverters used for off-grid power systems. These inverters are typically coupled with MPPT solar charge controllers connected to one or more solar panels.

 

Electricity prices are forecast to increase by 35% according to energy giant Alinta Energy. With the way that things are being forecast right now, it’s going to cost you much more in the long run not to invest in renewables like solar energy, solar batteries, EV chargers, and heat pumps.

We are on a mission to help homeowners move to a fully electric lifestyle for the greater good of the planet. Only we can do this together and move towards a healthier, more sustainable future.

ZRGP ANNUAL CELEBRATION

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Every year,  ZRGP holds an annual celebration to strengthen the communication among employees within the company, promote the construction of corporate culture, express the company’s care and greetings to the employees, and further enhance the employees’ collective honor and sense of mission.

The ZRGP Annual Celebration Dinner brings together all company staff, and special guests, all of whom support ZRGP’s mission to grow renewable energy. We are gathered here to share the fruits of our struggle in 2022 and to celebrate the arrival of 2023.

 

IN 2022

ZRGP has been with our end-users, installation partners, and distributors for eight years!

ZRGP has achieved a lot in 2022.

To broaden our market we participated in exhibitions with our partners in Australia, Germany, and South Africa.

ZRGP’s new factory officially started production. Introduction of intelligent systems such as MES (Manufacturing Execution System), OA (Office Automation), ERP (Enterprise Resource Planning), etc. to realize factory intelligence, allowing global businesses and clients to grasp real-time manufacturing progress and quality status promptly and improve customer satisfaction.

In 2022, we launched our real-time online monitoring and management application, with no more steps, you can monitor and manage your energy storage system remotely on your smartphone and laptop.

What’s more, our energy storage products have passed many certifications such as UL, IEC, and UKCA, making them safer, better, and more convenient for consumers to use.

 

ANNUAL CELEBRATION DINNER

Annual celebration:

Annual celebration dinner, performance, raffle, bonus payment, outstanding performance selection.

 

Performance
Our colleagues and special guests brought wonderful performances that livened up the atmosphere.

Raffle
Congratulations to the lucky winner of the mystery prize.

Prize Distribution
ZRGP sets up year-end awards to thank colleagues for their hard work throughout the year and to bring new expectations for the new year.

Every time we gather, we don’t just want to have a good time, but also to guide you to a positive attitude, relax your tense mood on working days and meet more like-minded friends. This chic four-hour party is no different, and we hope that every smile at the party will also shine into your lives.

 

2023 will be a year of innovation and progress for ZRGP.

We will equip our energy storage products with market-leading technology to make them safer, better, and more convenient for consumers to use.

We sincerely hope to cooperate and communicate with more excellent partners for mutual progress and development.

In 2023, we are ready to go further and higher with you all.

5 Environmentally Friendly Home Features for a Healthy Planet

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There are many ways to live a green lifestyle that is good for you and the planet. Some simple upgrades make your home a model for saving energy and protecting the environment. Curious about having an endless supply of clean electricity? Contact ZRGP to get answers to all your energy storage questions.

Eco-friendly, energy-saving home features aren’t just good for the environment—they’re also good for your wallet. Here are five popular home features that can lower your bills, reduce energy waste, and make your home more desirable to future buyers.

 

#Opt for Energy Efficient Appliances

According to the Energy Information Agency’s 2015 Residential Energy Consumption Survey, refrigerators alone account for 7% of end users in a home. Using ENERGY STAR appliances is an easy way to cut electric use. There are all sorts of appliances that have been awarded the EPA’s ENERGY STAR certification from TVs to freezers.

These appliances require less energy to operate and therefore save you money on utility bills.

 

#Smart Heating and Cooling

Air conditioning accounts for 17% of electricity end use and space heating accounts for another 15%.

Unfortunately, a significant portion of that energy use could be wasted. Inadequate insulation, leaky ductwork, air leaks, and windows can all influence the efficiency of heating and cooling a home. To prevent wasting energy, make sure you have enough insulation in the attic. Next, weatherize around the doors and windows to plug up any air leaks. Finally, consider adding a tint to the windows to reflect UV rays and reduce heat transfer.

 

#LED and CFL Bulbs

One of the first things every homeowner should do is replace inefficient incandescent light bulbs with LED or CFL bulbs. This is an improvement that really does pay for itself. LED lightbulbs use up to 90% less energy than traditional bulbs, and they also last up to 25 times longer. Consider replacing your indoor and outdoor lights with LED bulbs whenever possible.

 

#Solar Panels

The installation isn’t cheap, but rooftop solar panels can generate a large amount of energy—and potentially a good amount of savings over the long run, too. In addition to gaining your own renewable energy source, you may also be eligible for a residential federal tax credit, property tax exemption, or another government incentive when you install solar panels.

 

#Electric Car With Charging Port

For most people, their car is an extension of their home. And if you have an electric car your home is also your fueling station. Charging an electric car at home will increase the amount of electricity that’s used, but overall it’s good for the planet. An electric car uses less energy than an air conditioner, and it doesn’t emit carbon monoxide like a gas-powered vehicle. If you get your electricity from solar panels, then it’s the greenest way to get around.

HAPPY NEW YEAR

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Congratulations on a great year! Sending warm wishes to you and your family throughout the holiday season.

 

Hi, dear friend. 2023 is coming. ZRGP wishes you and your family all the best. ZRGP has been with you for eight years!

ZRGP has achieved a lot in 2022.

 

-ZRGP at All Energy 2022-

October 26-27, 2022, Zhongrui Green Energy Technology with our partner Joule Power exhibited home energy storage systems and distributed energy storage at All Energy in Melbourne.

The ZRGP residential and commercial energy storage products were under the spotlight including wall-mounted battery 5.12kW, modular battery system 5.12-40.96kWh, the basic battery system, PowerBase FC, and lastly and most popularly, the All-in-one system PowerBase Max-X.

 

-Brand New ZRGP-

ZRGP’s new factory officially started production. Located in Huizhou, the factory has a maximum area of over 10,000 square meters and covers 172,220 square feet.

Intelligent systems such as MES (Manufacturing Execution System), OA(Office Automation), and ERP(Enterprise resource planning) have been introduced to smarten up the factory.

In addition, the new factory is equipped with two semi-automatic and two fully automatic production lines.  In terms of output, the diversified production lines can provide stable and sufficient output, greatly increasing production capacity. The annual output of the plant is expected to exceed 3Gwh.

 

-Meet the ZRGP APP-

The ZRGP APP has been released to help homeowners monitor and manage their energy storage systems to maximize energy storage efficiency.

It monitors the status of your system wherever you are and knows exactly how much energy your solar system is producing. You can also view product parameters by day, week, and month. All of this is displayed in attractive and easy-to-read charts and infographics.

 

-UL9540A-

ZRGP has passed UL9540A tests at the cell, module, and system level, which means that Mate, ZRGP’s home energy storage system, has reached the highest international standard level in terms of safety and reliability. The passing of this test will help its business to grow globally.

 

As a ZRGP UL9540A – certified BESS home energy storage system, Mate is our most classic product, featuring a modular LV design, LFP cells, 6000 cycle life, and scalability to meet the needs of businesses and homes of all sizes.

In 2023, we are ready to go.

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ZRGP wishes you a Merry Christmas

and thanks for all your support throughout the year. All the best for 2023.

France electricity prices surge past €1,000/MWh

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Wholesale electricity prices in France for the middle of winter surged above €1,000/MWh ($A1,540/MWh) after the operator of the world’s biggest nuclear fleet revealed more problems and more outages at its reactors.

Half of France’s 56 reactors are out of action due to scheduled or emergency maintenance measures. “The situation changed drastically this year when France swung from being one of Europe’s largest exporters of electricity to a net importer because of issues with its reactors.”–  Bloomberg

 

Energy Storage

Natural gas prices have been steadily climbing since last summer, with the war in Ukraine increasing the pressure. Combined with efforts against climate change, it’s never been clearer that the world needs to move towards renewables.

However, there’s an obvious problem – most forms of renewables don’t produce energy on demand. The power needs to keep flowing even when the wind doesn’t blow and the sun doesn’t shine.

The words ‘power storage’ might make you think of batteries.

 

Solar Plus Battery System

The sun shines when energy demand is lowest, which means your home can’t take full advantage of the benefits of rooftop solar without a way to store the excess power you generate. Complementing your solar system with a home battery gives you a way to harvest the excess clean power you produce daily for use when the sun goes down and when you actually need it.

3 FAQs About Home Battery Storage

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ZRGP energy storage system can reduce your fuel bills and carbon emissions, especially if you already have home solar panels. Residential Energy Storage Systems offer considerable energy and cost-saving benefits such as solar battery storage， peak shifting， grid services， and battery storage backup.

Here are some of the most frequently asked questions about energy storage.

 

 1、How do batteries differ?

There are four main types of batteries namely lithium-ion, lead-acid, flow, and saltwater. Lithium-ion batteries are generally the most suitable for homeowners, as they’re lightweight, compact, and typically have a longer shelf life than other battery technologies. They also have a higher depth of discharge, meaning you can tap into more of your battery’s capacity.

All of ZRGP’s BESS, modules use lithium iron phosphate to ensure the safest, most efficient, and cleanest product to power your life.

 

 2、What are the benefits of energy storage systems?

Coupled with your home solar system, the ZRGP PowerBase Max-X energy storage system gives you greater control over your energy usage and bills and helps you get the most from your solar investment.

  • Reduce Electricity Bills

Adding an energy storage system to your home can effectively reduce the electricity bill. Installing an energy storage system will keep the total power consumption below a specified value. With on-site storage, you can charge your batteries whenever electricity rates are at their lowest (during off-peak hours or with your free solar energy).

  • Maximize Self-Consumption

The energy storage system can perfectly suit commercial and residential uses. During the daytime, the system can collect and store energy, which can be used at night whenever needed. Property owners are provided with the most efficient use of solar energy at home, including grid independence, increased self-consumption, and reduced electricity bills.

  • Emergency Power Backup

Don’t worry about the sudden power failure. Residential energy storage solutions integrated with solar panels can ensure energy backup. The backup power system is used to provide energy when the primary source fails for the 24/7 power supply.

 

 3、Can I Go off-grid?

Installing battery storage in your home does not necessarily mean that you can disconnect completely from the electrical grid. While it’s possible to go off the grid, the number of solar panels and the amount of battery storage you may need to invest in could mean it’s not financially viable.

Generally speaking, going off-grid is not practical for the average urban consumer because:

  • It might be difficult to store enough energy to reliably cover your use during cloudy days in winter;
  • You would not be able to sell any surplus energy back to the grid;
  • There are likely to be significant extra costs (e.g. special additional equipment like the installation of an air-conditioning system) for the battery.

Brand New ZRGP | Factory Introduction

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New Factory Introduce

ZRGP’s new factory has now been constructed and all the equipment is ready and waiting to start manufacturing. The factory is located in Huizhou and the maximum

surface area is exceeding 10,000 square meters, representing 172,220 square feet. We possess more than 150 experienced employees and many excellent technicians in charge of support and push on manufacturing, ensuring each process is going well.

 

New System

Despite the scale of the factory, we introduced a whole set of MES (Manufacturing Execution System) in order to realize warehouse information visualization and data transparency. In other words, the MES system is an intelligent supervisor who is responsible for recording and processing statistics. More importantly, MES could largely assist employees to manage stocks such as material first-in, first-out, and preventing any unnecessary errors.

 

New Production Line

Moreover, the new factory is equipped with two semi-automatic and two fully automatic production lines. In terms of employees, wages paid could be lessened and more capital could be invested in equipment updating.

In terms of output, diversified production lines can provide stable and sufficient output production, which largely boosts the output capability. It is estimated that the output value of the factory per annual  would be exceeding 3 Gwh.

ZRGP Second Quarter Summary Meeting

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The summary meeting is divided into two parts: one is the summary of each department manager, and the other is the suggestions and expectations of the chairman.

 

First, the marketing manager shared the work content of the official website and social media, the benefits and costs of each work, and the future work arrangements for the exhibition.

Secondly, Sales Department’s managers and directors summarized the sales and customer development situation, existing problems, and solutions. Corresponding requirements have been made to other departments: product updates, staffing, communication efficiency, etc.

Thirdly, the new product development, platform technology optimization, and after-sales solutions have been summarized by the director of R&D Department. The general manager of the factory shared the production and management status of the factory, which involved the application of ERP, OA, MES, IATF16949, etc. The Human Resources Department also made a summary and planning for the employee part. 

At the end of the meeting, the chairman shared his experience of customer development and expectations for his employees. Based on the summary of each department, it highlights the full support and cooperation of each department to Sales Department.
After the meeting, all employees had dinner together to kick off the third quarter.