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FOX TAKES THE STAGE Australia’s trailblazing solar industry remains a focus for many of the world’s leading solar manufacturers. When launching a new product or when pioneering new technologies, Australia remains the destination of choice, and Fox ESS is no exception.
FOX, A NEW MARKET ENTRANT with an impressive pedigree, has chosen the Australian market as the springboard for the global launch of an exciting range of new PV and energy storage solutions. Fox was founded in August 2019 by its CEO and Founder Michael Zhu as a subsidiary of Tsingshan Group. Tsingshan Group is a Fortune 500 company with annual sales revenues in 2019 of $US37.6 billion. It is the world’s largest stainless-steel manufacturer and operates the world’s largest nickel mining and production hub in Indonesia, and now, the company is aggressively stepping into position for the energy transition. The strategic metal nickel forms the common denominator of stainless steel and lithium-ion manufacturing. Most of the world’s nickel output is consumed by the stainless steel industry, but new
energy applications, such as electric vehicles and battery storage, are fast becoming key markets for the precious metal. Tsingshan Group has mastered the nickel supply chain. The company has made major investments in Qingmei Energy Materials, a producer of lithium NCM battery materials, and Ruipu Energy, a manufacturer of both NCM and LFP (lithium iron phosphate) batteries. Tsinghan Group’s latest investment is Fox, a new company specialising in the development, production and distribution of distributed generation products and solutions for the residential PV and ESS market and the commercial solar and storage market. The company’s battery factory in Wenzhou, China has a production capacity of 3GW and is completely automated. The cells produced from this factory will be used by Fox in their next generation Energy Storage Systems, completing the vertically integrated supply chain, all the way from the nickel mines in Indonesia to the Fox production lines. Fox can tap into the deep supply chain of Tsingshan Group to provide advanced solar plus storage solutions to its customers around the world. Company founder and CEO Michael Zhu has previously spearheaded the international expansion at Samil Power and SolaX, turning both into formidable global brands in the solar industry. In the process Zhu put together an experienced team of business developers and sales executives in a wide range of key PV markets, including Asia, Europe, Australia and the Americas.
Infor mation, views and technical details on this page supplied by Smart Energy Council Member
42 SUMMER 2020
