PR90343

SHANGHAI, June 28, 2021 /PRNewswire=KYODO JBN/ --

Shanghai Electric Guoxuan New Energy Technology Co., Ltd ("Shanghai Electric

Guoxuan"), a subsidiary of Shanghai Electric (601727.SS and 02727.HK),

showcased its energy solutions designed to empower the carbon-neutral future at

the 15th International Photovoltaic Power Generation and Smart Energy

Conference & Exhibition (SNEC 2021) held recently in Shanghai. Focused on six

major areas in the new energy sector, the theme of Shanghai Electric's

solutions unveiled at the Expo is to create a new green power ecosystem, which

covers zero-carbon energy, green hydrogen production, industrial energy

conservation, environmentally-friendly transportation, green buildings and

smart energy storage.

At the event, Shanghai Electric Guoxuan's battery management system (BMS) for

electrochemical energy storage clinched the "Megawatt Jadeite Award" for its

innovative design that addresses one of the inherent defects in traditional

battery management system architecture. With its hierarchical design and

process management of functional modules, the system can track and control the

operating status of all equipment inside the energy storage system with high

precision and speed. The optimized system architecture allows the system to

capture fault dynamics in real-time through the cloud system and achieve

millisecond-level fault recording.

Energy storage is a key component to deliver clean energy transition for its

potential to overcome the intermittent, unmanageable and remote characteristics

of renewable energy sources. The massive deployment and rapid growth of

renewable energy infrastructure across the globe mean that storage technologies

that enhance the flexibility of new energy supply are sorely needed.

After years of development, the global energy storage market has begun to take

shape and is projected to witness significant growth in the coming years. In

2021, the United States has become the world's leader in adopting batteries for

the grid and for renewables with its market accounting for 41% of global energy

storage deployment. Driven by climate change policies embraced by an increasing

number of countries, Europe is projected to take second place in the world's

energy storage market by 2023. In 2020, China's installed capacity of energy

storage reached 35.6GW, making up 18.6% of the total global amount.

Given its pivotal role in accelerating the next wave of the energy revolution,

energy storage is critical to the transformation and advancement of the power

sector for China and the world. Against this backdrop, Shanghai Electric is

pioneering a new frontier for renewables powered by efficient and stable energy

storage equipment. Built on its intelligent technologies and world-leading

digital tools, the company has framed a roadmap and a strategy for energy

storage products and solutions that are set to empower the entire new energy

value chain on its path towards a more sustainable and green future.

2021 marked a new milestone for Shanghai Electric in its effort to explore

energy storage solutions, when Shanghai Electric Guoxuan signed a memorandum

with Pacific Green Technologies, Inc.

(PGTK)(https://en.prnasia.com/releases/apac/shanghai-electric-guoxuan-and-pacifi

c-green-sign-memorandum-of-understanding-to-manufacture-battery-energy-storage-s

ystems-309263.shtml) to jointly develop a new generation of lithium-ion battery

energy storage system (BESS) projects.

Building a one-stop smart energy storage solution powered by "one cell and

three systems"

On the R&D front, Shanghai Electric Guoxuan is committed to developing and

refining a series of standardized products with the aim of increasing the

capacity and improving the overall efficiency of energy storage systems. The

company also plans to build a one-stop smart energy solution with its

technological focus resting on the development of Battery Cells, Battery

Management System (BMS), Station-level Monitoring System (SCS) and Smart

Operation and Maintenance System (OPS).

All Shanghai Electric Guoxuan's battery products have passed national and

world-class third-party safety tests including GB/T36276-2018, IEC62619,

UL1973. Its BMS can provide multi-level systematic battery monitoring,

management and protection covering cell, module, battery cluster, battery

stack. The SCS offers comprehensive system-level control protection and safety

management, while the OPS takes full advantage of the power of SEunicloud,

Shanghai Electric's Industrial Internet platform, to achieve full life-cycle

monitoring and management of the energy storage system.

Exploring a diversified business model to enhance the value of energy storage

Over the years, Shanghai Electric energy storage solutions have been powering a

slew of demonstration projects in China, which enables the company to create a

diversified business model. Those projects include energy storage microgrids,

industrial and commercial energy storage, grid-side energy storage, new energy

+ energy storage, photovoltaic shared energy storage, energy storage + charging

solutions. One of the prime examples is the Golmud Energy Storage Power

Station, the first independent shared energy storage power station in China.

The project links up the supply chain to create an energy storage ecosystem

that covers project development, operation, equipment supply, construction, and

operation and maintenance.

Related Links:

www.shanghai-electric.com

Source: Shanghai Electric