Annual production of 8GWh Shanghai Electric Guoxuan Energy Storage system Base Project reached production!

SMM9 March 29: today, Shanghai Electric Guoxuan New Energy Technology (Nantong) Co., Ltd., jointly invested by Guoxuan Hi-Tech and Shanghai Electric, held a grand ceremony to reach production of the annual 8GWh lithium-ion battery energy storage system project. The project has a total investment of 5 billion yuan, which is divided into two phases. The first phase has invested 2 billion yuan, and it has been put into production in the fourth quarter of 2019.

Shanghai Electric is the equipment manufacturing group ranking fifth in Asian machinery brands and first in Chinese machinery brands. Guoxuan Hi-Tech is a large listed company with total assets of more than 10 billion yuan and strong strength in the field of new energy power batteries.

The project is jointly invested by Shanghai Electric and Guoxuan Hi-Tech, making use of Shanghai Electric's resource advantages in the electric power field to expand distributed energy storage and Electroweb energy storage business, and making use of Guoxuan Hi-Tech's technological advantages in the field of batteries. work together to build an energy storage industry base and realize energy storage technology to the international market. The business scope of the project includes distributed microgrid energy storage, new energy grid-connected energy storage, Electroweb peak regulation and frequency modulation energy storage, highly reliable backup power supply, special vehicle power supply, construction machinery power supply, mobile charging service and so on.