#SmartEnergy21 1 2 – 1 3 M AY 2 0 2 1 ICC SYDNEY DARLING HARBOUR
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A LOOK AT SOME OF THE PARTNERS AND EXHIBITORS AT THIS YEAR’S SMART ENERGY SHOW
PYLONTECH MEETS BOOMING GLOBAL ENERGY STORAGE DEMAND WITH DEDICATED INNOVATIVE R&D ONE OF THE WORLD’S leading providers of Energy Storage System (ESS) solutions, Pylon Technologies has announced it is on track with the tight schedule of a 4GWh expansion within the three-year plan. It’s all hands to the wheel, according to Wen Tan, CEO of Pylontech who said “We took just three days off during the Chinese New Year holiday for both cell production and capacity expansion, it’s a departure from Chinese traditions but we are eager to serve our long-time customers with more resources.” He commented on the successful IPO in China’s Shanghai Stock Exchange STAR Market on 30 December 2020, as the first energy storage focused listing company Pylontech raised more than 2 billion RMB (US$301m) from public investors. Since 2013, Pylontech has developed a strategic blueprint for BESS (battery energy storage systems) in the global market. For example during recent years Pylontech has grown steadily with the advantage of vertically integrated LFP (lithium ferrophosphate battery) ESS solutions. Products cover the full range of voltage from 12V to 1500V and full capacity from 500Wh to more than 100MWh, meeting the demand for residential ESS, C&I ESS and grid tie services.
There is a saying that opportunity awaits those who are well prepared; which sheds light on Pylontech’s success. And opportunities abound. Market analysis reveals the global energy storage market is undergoing rapid development and in particular demand for lithium-ion battery energy storage is rising significantly. At the same time, supplies are falling short. Data indicates that in 2019, the global market demand for lithiumion batteries for communication base stations was 12.1GWh. By 2025, demand is expected to reach 60GWh.
Collaborative culture enhances operations and hastens transition to renewables “Over the past decade we had been redefining the electric power’s generation, storage and usage with our partners globally,” said Geoffrey Song VP of international business. “Continuous innovation and widespread collaboration are 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 passionate force in the movement.” Battery energy storage is poised to become one of the most critical components to any renewable energy project.
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48 AUTUMN 2021