Recently, the commercial and industrial (C&I) energy storage market has seen new developments: Far East Battery has secured nearly 300 million RMB in C&I energy storage project bids, and Tesla’s Shanghai Gigafactory is set to install its self-produced Megapack storage systems.

Far East Smarter Energy Co., Ltd. recently announced two major C&I energy storage project partnerships under its subsidiary, Far East Battery Technology Co., Ltd. One project, located in China, is valued at 261 million RMB, while the other, located in Guangzhou, Guangdong Province, is valued at 25 million RMB.

It is reported that Far East’s smart battery business achieved revenue of 1.654 billion RMB in 2024, marking a year-on-year increase of 180.47%. In the same year, Far East Battery secured energy storage orders exceeding 1 billion RMB, totaling 1.375 billion RMB—a remarkable year-on-year growth of 5605%. These orders cover a wide range of domestic and international energy storage projects.

In February this year, Far East Battery announced the successful grid connection of its independent energy storage power station in Hengshui, Hebei, with a total planned capacity of 200MW/800MWh. The project includes a full suite of energy storage system equipment and end-to-end service solutions.