Connect with us

Business

Pylontech ready for ESS capacity expansion after listing on the Shanghai Stock Exchange

Avatar

Published

on


Posted: 23 Feb 2021, 05:19

Pylontech booth at the World Smart Energy Week Expo in Japan, early 2020. Image: Andy Colthorpe / Solar Media.

Pylontech said it would have 4 GWh of battery-powered energy storage system manufacturing facilities within three years, after raising around US $ 300 million through its listing on the Shanghai Stock Exchange.

The Chinese manufacturer of vertically integrated batteries and energy storage systems, headquartered in Shanghai, produces everything from battery cathode materials and lithium-ion cells, to battery management system and integrates components into complete energy storage system (ESS) solutions.

Active in many global markets including the United States, Australia, Europe and of course China, the company said it achieved 1 GWh of cumulative ESS shipped globally by 2018 and 1.5 GWh of systems manufacturing capacity in 2019. and utility customers, with high voltage and low voltage solutions, the company is focusing on lithium iron phosphate (LFP) battery chemistry. The company’s systems are compatible with a range of kits from international equipment suppliers, including solar inverter manufacturers Ingeteam and Schneider Electric. In 2017, its systems were the first from any manufacturer to be certified by the TÜV Rheinland Accreditation Group as meeting a number of standards deeming them suitable for installation and use in Germany, at the time described by a representative of TÜV Rheinland Greater China as “the most rigorous certification standard in the world”.

Pylontech is listed on December 30, 2020 on the Shanghai Stock Exchange Star Market, which caters to science and technology companies. The company said it was the first dedicated energy storage company to feature on it and raised more than CNY 2 billion (US $ 301 million) through it.

“We only took a few days off for the Chinese New Year holiday so that we could continue both cell production and capacity expansion,” said Pylontech CEO Wen Tan.

“It’s very unusual in the Chinese tradition, but we are eager to provide our waiting customers with more resources.”

The company said its expansion schedule was “tight,” but that it hoped to be able to meet global demand, which it said is “booming”, with its dedicated ESS manufacturing lines. In addition to the residential, industrial, and grid-related ESS markets, Pylontech has identified telecommunications base stations as a likely source of growing market demand for battery storage over the next five years.

A few days ago, another vertically integrated battery storage company, Northvolt, announced that it was building a European ESS assembly “ gigafactory ” in Poland with an initial capacity of 5 GWh. Northvolt is a recently founded start-up that is currently building its first large factory to produce ‘sustainable’ battery cells for electric vehicles and stationary ESS use in Sweden.

Render of the layout of the new Pylontech production facilities. Image: Pylontech.

Stay up to date with the latest news, analysis and opinions. Sign up for the Energy-Storage.news newsletter here.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]