Will ChatGPT be used in energy storage-the latest 11 intelligent related financing
Smart Chatbot ChatGPT exploded in popularity in 2023. This AI boom has made its way into the energy storaging chain.
Energy storage will play an important role in power systems with a high percentage of renewable energy as an additional flexible regulatory resource. Energy storage can integrate renewable energy sources to achieve continuous and efficient energy use, and provide technical support for the in-depth promotion of energy production transformation, along with the promotion of clean energy installations to become the focus of construction.
At the same time, but also to participate in the storage energy market enterprises through information technology to empower thestorage energy system, improve the degree of digitalization of the product base, put forward high requirements, the degree of information technology is also bound to become the core key value of future industrial competition.
Intelligent development direction in the field of energy storage
At the beginning of 2023, China’s energy storage continued to maintain a high momentum. On the one hand, due to the continuous release of energy storage policy, the Chinese market for new energy distribution and storage, independent energy storage, shared storage energy, home energy storage and other rapid development; on the other hand, due to the continued impact of the global energy crisis and the significant increase in installed photovoltaic capacity, the international market continued the trend of explosion in 2022, with a large increase in demand for large-scale energy storage and household energy storage.
From the 11 lithium battery energy storage industry chain enterprise financing in the opening year of 2023, nearly one-half of the enterprise development of digital support technology will likely become an important point of view for the opening of energy storage in 2023.
There are at least two directions in the field of energy storage that can be launched. One is support technology, the other is integration technology. Experts believe that high-throughput computing, advanced preparation technology, analysis and measurement technology, battery management technology, sensing technology and other supporting technologies are the basis of storage energy, which can achieve advanced functions such as lithium battery safety warning.
The opening of 2023, more energy storage digital support technology-related enterprises to obtain financing, also shows that storage energy will go further intelligent. In fact, whether on the commercial and industrial side of peak-valley arbitrage, or the power side of peak shaving, a higher level of intelligent energy storage technology will provide higher value for users. In China, this intelligent trend will be reflected in commercial and industrial storage energy.
Development of intelligent energy storage in the world
The driving force for China’s digital support technology in the field of commercial and industrial energy storage to win the attention of capital is mainly two points: First, coupled with the continuous refinement of China’s multi-province time-of-use tariff, its commercial and industrial energy storage economy is increasingly prominent; Second, the IRA policy to extend the U.S. commercial and industrial energy storage ITC subsidy to maintain a 30% quota in 2032, the U.S. and other global commercial and industrial storage energy market is strong.You can refer to top 10 energy storage battery companies to get to know the energy storage market in the US.
From the point of view of product layout, most of China’s commercial and industrial energy storage products are mainly 100-200 KWh; while the global commercial and industrial storage energy market has matured, from more than 100 to 1000 KWh, electricity products are being used at an accelerated pace.
Click on the picture for high KWh product details and its best price
Safety and economy are the two important rules of commercial and industrial energy storage. Some companies with technical capabilities grasp the characteristics of commercial and industrial storage energy profitability, and began to focus on the intelligent track of energy storage. Intelligent AI technology will not only use big data, artificial intelligence, edge computing, digital twins, etc. to fully empower the security of energy storage systems, but also lies in digital operation and maintenance, which will become an important direction for the future development of industrial and commercial energy storage.
Many emerging industrial and commercial storage energy companies already see digitalization and intelligence as important product directions, focusing on operation and maintenance as well as operational economic benefits. It is foreseeable that AI algorithms in the field of energy storage will also become one of the important trends.
Latest financing information for 11 lithium battery energy storage industry
Energy storage digital technology
LEGEND ENERGY
On January 6, commercial and industrial storage energy newcomer LEGEND ENERGY completed a new round of financing. This round of financing was led by Yuyue Capital, followed by Qinxin Capital, Nenglian Smart Power, and Bigao New Energy, with Yun Xiu Capital as the exclusive financial advisor. LEGEND ENERGY, which has raised hundreds of millions of dollars in financing, is a service provider that provides customers with a complete lifecycle asset construction and safe and efficient operation of lithium energy storage based on AI algorithms and energy storage system integration technology.
SMALL EEL
Digital energy management company SMALL EEL has announced the completion of a new round of financing of RMB 50 million. This round of financing was led by Zhencheng Investment and followed by Beijing Zhongguancun Bank. The funds will be used for research and development of energy storage products, digital energy solutions for industry and commerce, market expansion, and the development of distributed energy storage businesses for industry and commerce.
Cloud Storage New Energy
Recently, Cloud Storage New Energy officially completed more than RMB 100 million Pre-A+ financing round. The financing was completed by Zhenghai Group, Shenzhen Jianhe, Shuimu Tsinghua Alumni Fund, Horizon Nine Five, Shuimu Wutong and other institutions. Cloud Storage New Energy is a digital energy storage core equipment manufacturer for the energy Internet and a solution provider in vertical industries.
Lingchong New Energy
Recently, new energy technology service provider Lingchong New Energy was led by YunHao Capital, followed by Longma Feng Venture Capital, Shaanxi Golden Capital, Kerui Investment and Jingying Hui Capital, to achieve Series A financing of RMB 200 million. This round of funding will be used for R&D investment, market expansion and capacity building. Lingchong New Energy has four product lines: new energy microgrid and energy storage, intelligent charging and battery swapping, vehicle charging, and intelligent testing.
Chuhui Smart
Recently, Liyang Chuhui Smart Software Technology Co., Ltd. completed the Pre-A round of financing of ten million yuan. The financing round was led by CSTC, followed by Pingling Capital and Shunyuan Juxiang, with a total investment amount of tens of millions of RMB. Chuhui Smart focuses on providing integrated software and hardware solutions for new energy battery companies.
Energy storage lithium battery
Ganfeng Lithium
On January 30, Ganfeng Lithium completed a new round of financing investment to increase investment in research and development and the pace of industrialization of solid-state batteries, and strive to break through the industry-wide problem of lithium electronic power battery safety. It is understood that Ganfeng Lithium is a holding subsidiary of Ganfeng Lithium. The business scope is the research and development, production and sales of lithium ion power batteries, fuel cells, energy storage batteries, supercapacitors, battery management systems, scenic power storage systems, etc.
Paineng Technology
On January 31, listed company Paineng Technology received 5 billion yuan of targeted financing. The funds will be used for the company’s 10GWh Li-ion battery R&D and manufacturing base and other projects. Investors are: Southern Capital, Ruiyin Group, Guangfa Fund, Nuode Fund, Caitong Fund, Guotai Junan Securities, Ningbo Zhongbai, Morgan Stanley, Huaxia Fund, Pacific Insurance, Ruihua Holdings, Eastern Alpha, Heitie Capital, Fuguo Fund, TaideSheng Investment, etc.
Other energy storage industry chains
PCS energy storage Shenyuan technology
On January 16, Shenyuan technology completed a pre-A round of funding. This round of financing was strategically invested by Haichen Energy Storage and Fenghe Capital, which jointly invested tens of millions of RMB for new product development and team expansion. After this round of financing, Shenyuan technology will cooperate with Haichen Energy Storage, combine its storage energy PCS with Haichen’s large cylindrical energy storage cores, and jointly build a high-efficiency, high-integration and high-cost household energy storage system. It is understood that Shenyuan technology is an energy storage equipment developer that founded in August 2020. It focuses on research and development of high frequency isolated bidirectional PCS technology, and engaged in research and development, manufacturing and sales of energy storage PCS bidirectional power supply.
BMS Geocore Gravity
On January 17, Geocore Gravity announced the completion of nearly RMB 200 million Series B financing. This round of financing was led by CLP Fund, with co-investors including Hangzhou Chengtou Fuding, Hengbang Capital, Huayi Venture Capital, Huazhi Rongke, Yuanqiao Asset and Caitong Capital, and additional investment from existing investors such as Qianhai Guotai Fund. At present, Geocore Gravity has 4 product lines: PD fast charging, QI wireless charging management, audio, and battery management.
Li-ion Battery PACK Anshi New Energy
Recently, Anshi New Energy completed RMB 300 million Series B financing, led by Lyon Capital and Guozhong Capital, followed by Jishi Capital, Lvdong Capital, Orient Fuhai, Qianhai Zhongchuan and other institutions. Anshi New Energy is a developer of lithium ion and lithium iron phosphate battery packs for a wide range of applications in UPS (uninterruptible power supply), home and commercial energy storage systems. The company’s BMS and energy storage system solutions are its core products and services, and its BMS design platform covers a wide range of industrial applications.
Battery Recycling Ruilong Technology
On January 4, Quanan County Ruilong Technology Co., Ltd. completed several hundred million RMB Series A financing. The round was led by Weilai Capital, followed by Hanhui Capital, Midea Capital, Lithium Leading Industry Capital and other institutions, with Shenlan Capital acting as the exclusive financial advisor for the round. As one of the enterprises selected in the fourth batch of “Integrity list” of power battery recycling by the Ministry of Industry and Information Technology of China, Ruilong Technology has built 100,000 tons of battery dismantling and crushing capacity, tens of thousands of tons of battery-grade cobalt products, tens of thousands of tons of battery-grade nickel products and thousands of tons of battery-grade lithium products in wet smelting capacity, with a full production value of more than billions of RMB.
Conclusion
“High safety, low cost and sustainability” is the common goal of all new energy storage technology development. Information technology and digital technology is one of the indispensable links, but it has also become the user side of energy storage users to choose an important element of choice for energy storage service providers. How to achieve this goal through information technology upgrades is the key information technology and product development and innovation of new intelligent storage energy scenarios.
To do data empowerment, intelligence, platform, cloud development to truly change the traditional engineering-oriented traditional energy storage industry, leading the power storage industry to technology, intelligent development. Only systematic services can truly maximize the value of storage energy, which is an opportunity and challenge for all new energy companies. Only by accurately grasping the wind direction can we ride the great wave of carbon reduction strategy.
