In just a few words, the mysterious veil of this enterprise's rapid pace on the energy storage track was unveiled. Looking back to 2014, the founding team of Suqian Era Energy Storage keenly recognized the enormous potential of the energy storage industry, especially the unique advantages of water-based organic flow batteries in the field of large-scale long-term energy storage. With a forward-looking judgment on future energy, after 7 years of technological accumulation and market research, Suqian Era Energy Storage was officially established in 2021, setting sail for progress in the energy storage market. In October 2023, the world's first megawatt level organic liquid flow battery was successfully produced, marking a milestone and crucial step in technological innovation for energy storage in the Suqian era.
In 2023, Suqian Era Energy Storage acquired Jena Battery Company from Germany and established a German R&D center, successfully opening up the European and African markets and achieving a global R&D and sales layout centered on Suqian. At the same time, Suqian Era Energy Storage has laid out a 1.5GWh production base in Shenyang, Liaoning Province, and established regional companies such as Beijing Shengshi and Guangzhou Shidai Liquid Flow, further improving market channels.
We always encourage our R&D team to dare to break through traditional thinking and challenge technical problems. Xiang Zhanfeng believes that innovation is the soul of an enterprise. He stated that in recent years, the company has focused on the full industry chain layout of water-based organic flow batteries, and has maintained stable production capacity in core materials such as electrolytes, ion exchange membranes, bipolar plates, and sealing membranes. In terms of brand building, the company focuses on technological breakthroughs to create a "safe, efficient, and sustainable" brand image. The AEM technology developed in collaboration with Professor Xu Tongwen's team at the University of Science and Technology of China has filled the domestic gap and reduced costs by 80%, becoming a powerful endorsement of the brand's technological strength.
In the energy storage industry, technological breakthroughs are never smooth sailing paths, but rather tough battles. During the Suqian era, energy storage regarded research and development as the core driving force for enterprise development, and in recent years, R&D investment has maintained an average annual growth rate of over 30%. We have established a collaborative innovation system of 'industry university research application' and have deep cooperation with universities such as University of Science and Technology of China, Xi'an Jiaotong University, and Changzhou University. Xiang Zhanfeng introduced that the company has formed a professional R&D team of more than 100 people, gathered top talents in materials science, electrochemistry, and other fields, and invested billions of yuan to build advanced R&D laboratories and pilot bases.
Through unremitting efforts, Suqian Era Energy Storage has achieved multiple industry-leading technological breakthroughs. In addition to AEM technology, the independently developed new electrolyte formula has increased the energy density of the battery by 20%; The innovative battery management system achieves real-time and accurate monitoring and intelligent regulation of battery operation status. These technological achievements quickly moved from the laboratory to the market, successfully transformed into product advantages, and applied to multiple large-scale energy storage projects, winning a good reputation and market share for the enterprise.
As of now, Suqian Era Energy Storage has applied for more than 50 core patents, of which invention patents account for over 60%, covering key aspects such as battery materials and structural design. These patents not only create technological barriers, but also directly promote the improvement of product market competitiveness. With its strong "hardcore strength", the company has attracted the attention of many leading enterprises such as State Power Investment Corporation, Huaneng Group, Northwest Electric Power Design Institute, and China National Nuclear Corporation, and has reached long-term cooperation to provide professional energy storage solutions such as grid frequency regulation and user side peak shaving and valley filling.
Currently, Suqian Era Energy Storage will initiate Series B financing. Looking ahead to the future development of the company, Xiang Zhanfeng stated that on the one hand, Suqian Era Energy Storage will continue to increase investment in industrial chain construction, product research and development, and other aspects. At present, efforts are being made to tackle the electrolyte technology for two electron transfers, which will help improve energy density and reduce storage equipment costs.
On the other hand, further completing the orders in hand. At present, the company has approximately 1.6 billion yuan in orders on hand, and will devote all efforts to doing these projects well, turning them into iconic projects, establishing a good reputation for the company in the market, and laying a more solid foundation for future development.
