Pylontech Meets Booming Global Energy Storage Demand with Dedicated Innovative R&D
PR88164
SHANGHAI, Feb. 22, 2021 /PRNewswire=KYODO JBN/ --
One of the world's leading providers of Energy Storage System (ESS) solutions
Pylon Technologies Co., Ltd. ("Pylontech" or the "Company"), has announced that
despite a tight schedule, they are on track with the plan to expand to 4GWh
within three years.
Pointing to a successful IPO on the Shanghai Stock Exchange Star Market on
December 30, 2020, as the first storage-focused listed company, which saw
Pylontech raising more than CNY2 billion (~$US301 million), Wen Tan, CEO of
Pylontech said: "We took only few days off this Chinese New Year holiday so we
could continue with both cell production and capacity expansion. This is highly
unusual in Chinese tradition, but we are eager to supply our customers, who
have been waiting, with more resources".
Since 2013, the company has made a strategic Battery Energy Storage System
(BESS)blueprint for the global market. In recent years, Pylontech has been
growing steadily and dramatically with the advantage of vertical integrated LFP
ESS solutions. Products cover the full voltage range from 12V to 1500V and full
capacity from 500Wh to more than 100MWh and meet the demand for residential
ESS, commercial and industrial ESS and grid-tied services.
Analysis shows that the global energy storage market is under rapid development
and for lithium-ion battery energy storage alone, demand is rising
significantly, with supply falling short which means Pylontech is in a
favorable position. Data indicates that in 2019, the global market demand for
Lithium-ion batteries for communication base stations was 12.1GWh and demand is
expected to reach 60GWh in 2025.
"Over the past decade we have been redefining electric power generation,
storage and usage with our partners globally" said Geoffrey Song, VP of
international business; "Continuous innovation and broad collaboration is the
only route to an efficient, sustainable and affordable new energy structure. We
strongly believe in the carbon neutral commitments from global leaders and
strive to contribute our passion into the movement."
About Pylontech
Pylontech was founded in 2009 as a dedicated battery storage system(BSS)
provider by consolidating their expertise in electrochemistry, power
electronics and system integration. By providing reliable and affordable ESS
battery products and solutions to global markets, the Company has become one of
the world's top suppliers of lithium battery storage.
Related Stocks: 688063
Related Link: www.pylontech.com.cn
Source: Pylon Technologies Co., Ltd
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Caption: Pylontech new production plant layout
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