The lowest bid price for energy storage systems was RMB 0.46/Wh, and the average bid price for lithium iron phosphate energy storage was RMB 1.12/Wh.

In May, the lowest bid price for energy storage systems was 0.46 yuan/Wh, and the average bid price for lithium iron phosphate energy storage was 1.12 yuan/Wh. The winning projects included industrial and commercial energy storage systems and distribution storage projects, of which industrial and commercial energy storage system procurement accounted for a large proportion.