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Where has Sunwoda participated in energy storage projects?

In the field of power energy storage, Sunwoda has participated in projects in China, Southeast Asia, North America, and Africa. These projects include the 2MWh project of offshore wind power in China, the 2.45MWh Energy Storage project of Southeast Asia and the 1.2MWH Project of North America Commercial Crystal Technology In Africa, etc.

Where is the battery energy storage project located?

9. Minety 99.8 MW/99.8 MWh Battery Energy Storage Project in the U.K., located west of Minety town in West London, is connected to a nearby 400 kV substation through 132 kV cable lines. The project is funded and constructed by China Huaneng Group Co., Ltd., and designed by POWERCHINA Shanghai Electric Power Engineering Co., Ltd.

How will Narada power cooperate with other energy storage companies?

Narada Power will cooperate with other companies on low-voltage distribution equipment, energy storage system, and battery equipment business. This cooperation will cover both domestic and foreign power industry markets. Narada Power has been actively exploring and expanding the global energy storage market since 2011.

Will lithium battery become a Mainstream Energy Storage Technology route?

Lithium batteries will become the absolute mainstream technology route in energy storage in the next 10 years. This shift is driven by the global transition towards carbon neutrality, which involves changing the energy mode from traditional coal energy to photovoltaic + energy storage.

What is the expected installed capacity of new energy storage by 2025?

The installed capacity is expected to over 30 million kw by 2025, significantly improving the innovation capacity of new energy storage technology. The Chinese government recently issued a guideline stating that it will transform new energy storage from initial commercialization to large-scale development by 2025.

What was the energy storage business like in 2020?

In 2020, the household energy storage business accounted for more than 80% of the market. By the end of 2020, the company had formed an annual production capacity of 1GWh cell and 1.15GWh battery system. In 2019, the company started to expand the 0.5GWh cell production line, which is expected to reach production in 2021.