PR97586

SHANGHAI, Aug. 29, 2022 /PRNewswire=KYODO JBN/ --

Pylon Technologies (Pylontech), a dedicated battery energy storage system

(BESS) provider, has announced it has been named as one of the 2022 Forbes

China 50 Most Innovative Companies in the new energy field.

Pylontech is one of the few companies with independent R&D and manufacturing

capabilities for core components used in energy storage including battery

cells, modules and battery management systems. The release of the China 50 Most

Innovative Companies list honours businesses that create a major impact on

their business model, R&D investment, self-growth, corporate governance and

other elements driven by innovation.

Inclusion in the list demonstrates Pylontech's aptitude for innovation and

leadership within the renewable and sustainable sector and represents

significant and additional recognition after gaining entry into the MSCI Index.

As a global leading energy storage system(ESS) provider, Pylontech has served

residential, industrial, and utility sectors for decades.  

Pylontech vice president Geoffrey Song said: "It's a great honor to be named on

Forbes China 50 Most Innovative Companies. The inclusion strengthens our

confidence to continue to invest in the R&D of more innovative products. We

will continue to focus on energy storage development and adhere to innovation

and R&D to achieve net zero carbon emissions."

The company and its subsidiaries currently own 194 patents totally according to

its latest 2022 Semiannual Report released on Aug. 26th, 2022. And this report

also indicates that Pylontech's R&D to revenue rate in the first half year of

2022 reaches 6.99% and investment on R&D achieved a 132.40% increase over first

half year of 2021,  which is a fulfillment to its strategy of high investment

in R&D.

With a sustainable future around the corner, integration of innovative storage

solutions and renewable power generation will maximize the benefits of an

interconnected energy ecosystem. By placing innovation ability at the core,

Pylontech is committed to driving the development of the energy storage

industry and creating a world of green energy with customers and partners over

the world.

About Pylontech

Pylontech was founded in 2009 as a dedicated battery storage system (BSS)

provider by consolidating its expertise in electrochemistry, power electronics

and system integration. By providing reliable and affordable ESS solutions, the

company have enabled the market position as one of the top suppliers of lithium

battery storage globally by its 7-years increasing rate by double.

SOURCE:  Pylontech