Lanshi Heavy Industry: Awarded Bid for 99.96 million yuan ESS Power Station's Thermal Energy Storage Tanks and Ancillary Equipment Project

According to Nanjing Release, the world’s first 100-megawatt-class compressed air energy storage test platform is under construction at Nanjing Qilin Sci-Tech Innovation Park. At present, the main structure of the test platform has been completed, and it is expected to complete full process integration in H1 and carry out electrical integration and commissioning in H2.

On the evening of March 26, REPT BATTERO released its 2025 annual performance announcement. The company achieved annual operating revenue of 24.334 billion yuan, a year-on-year increase of 36.7%; and profit attributable to owners of the parent company of 623 million yuan. In 2025, the company's total sales of lithium battery products reached 82.7 GWh, a year-on-year increase of approximately 89.2%. Among these, revenue from power battery products was 10.013 billion yuan, up 35.6% year-on-year; revenue from energy storage battery products was 13.56 billion yuan, up 86.8% year-on-year, with its share of total revenue increasing by 14.9 percentage points to 55.7%.