Top 10 energy storage battery thermal management companies in China

Top 10 energy storage battery thermal management companies

Envicool

Company profile：
Founded in 2005, it is a leading provider of precision temperature control and energy-saving equipment in China, dedicated to providing cooling solutions for cloud computing data centers, server rooms, communication networks, power grids, energy storage systems, passenger cars, rail transit trains and other fields.

The company has always attached importance to technology research and development and industry development needs, and has basically built a technology platform for the entire chain of equipment cooling from heat sources to cold sources. Downstream customers include Tencent, Alibaba, China’s three major telecom operators, Huawei, BYD, etc.

In 2021, the revenue and net profit attributable to the parent company will be 2.23 billion RMB/210 million RMB, a year-on-year increase of 30.8% and 12.9%, respectively. constitute the company’s main source of income.

The company is the earliest manufacturer involved in the temperature control of electrochemical energy storage systems in Top 10 energy storage battery thermal management companies in China. Based on years of accumulation of battery temperature control technology, the company has now become a company that can provide full-chain energy storage temperature control solutions, including air cooling and liquid cooling. item technology.

On the basis of the original MC series air-cooled temperature control equipment, EMW water-cooled units will be launched in 2020 and will be applied in batches. The cooling capacity spans from 3KW-100KW, which can meet various energy storage application scenarios of 0.3MWh-3MWh, and is currently the most leading supplier of energy storage layout in the industry.

In 2021, the operating income from energy storage applications will be approximately RMB 337 million, a year-on-year increase of +250%, which will significantly increase the contribution to the company’s business.

Total market value: 9.613 billion RMB

Company website： www.envicool.com

Tongfei

Company profile：
Tongfei is one of Top 10 energy storage battery thermal management companies, established in 2001 and listed on the Shenzhen Stock Exchange Growth Enterprise Market in 2021, it has always focused on the field of industrial temperature control equipment and is a national-level specialized, specialized, and new enterprise. At present, the company’s main products can be divided into four categories: liquid constant temperature equipment, electrical box constant temperature device, pure water cooling unit and special heat exchanger.

Downstream application scenarios mainly include CNC machine tools and laser equipment, power electronic devices, electrochemical energy storage systems, semiconductor manufacturing equipment, hydrogen energy equipment, industrial washing equipment and other fields. In 2021, the company will achieve revenue of 830 million RMB, a year-on-year increase of 35.5%, and the revenue growth rate of liquid thermostat equipment and electrical box thermostat devices will be as high as 43% and 57%.

The liquid constant temperature equipment and electrical box constant temperature device produced by the company can respectively provide air cooling and liquid cooling solutions for electrochemical energy storage systems. At present, the company’s customers in the energy storage field include Sungrow, Kelu Electronics, Narada, etc. The energy storage business is in a stage of rapid development.

Total market value: 4.727 billion RMB

Company website: http://www.tfzl.com

GOALAND

Company profile：
Founded in 2001, the company in Top 10 energy storage battery thermal management companies is China’s leading supplier of pure water cooling equipment for power electronic devices. It was listed on the Growth Enterprise Market in 2016. Through endogenous + mergers and acquisitions, the business has gradually expanded to new energy vehicle thermal management, energy storage temperature control, data center temperature control and other fields.

The company has established long-term cooperative relations with domestic and foreign high-quality customers such as Goldwind Technology, Envision Energy, ABB, GE, CATL, BYD, etc.

From 2016 to 2021, the company’s revenue increased from RMB 470 million to RMB 1.68 billion, with a CAGR of 29.1%. In 2021, due to repeated epidemics, rising raw material prices, and intensified competition, the company’s net profit attributable to the parent will decline under pressure.

The company continues to invest in research and development in thermal management technology for energy storage batteries. At present, it has technical reserves and solutions based on single-cabinet energy storage liquid cooling products for lithium batteries, liquid cooling systems for large-scale energy storage power stations, and prefabricated cabin energy storage liquid cooling products. , and signed a small number of prototype contracts.

The company has deep technical accumulation in the field of liquid cooling. With the development of energy storage systems with larger battery capacity, higher power density and more complex operating conditions, such as large-scale wind and solar power stations.

The penetration rate of the liquid cooling solution is expected to increase rapidly, and the company’s energy storage thermal management products will fully benefit, Become one of Top 10 energy storage battery thermal management companies .

Total market value: 2.833 billion RMB

Company website: www.goaland.com.cn

Shenling

Company profile：
The company as Top 10 energy storage battery thermal management companies was established in 2000 and listed in 2021. Its main business is air environment conditioning equipment represented by professional special air conditioners. The main products include data service air conditioners, industrial air conditioners, special air conditioners, public construction and commercial air conditioners.

The company as one of Top 10 energy storage battery thermal management companies is the core supplier of Huawei’s temperature control equipment, and its downstream customers also include leading Internet companies such as Tencent and Alibaba, three major operators, new energy vehicle companies such as Tesla and Xiaopeng Motors, and cross-industry companies such as State Grid and Sinopec.

In 2021, the company’s revenue and net profit attributable to the parent company will be 1.80 billion RMB/140 million RMB respectively, a year-on-year increase of +22.6% and 12.6%, respectively.

The company’s industrial air-conditioning products can be applied to energy storage thermal management systems, and the energy storage business is in the early stage of development. In 2021, with the rapid growth of energy storage scale brought about by new energy power generation, the company will actively expand new businesses, new customers and new application scenarios.

R&D investment increased by 23.67% year-on-year, aiming to strengthen the development of new products in key industries such as data center DPC phase change cooling systems, liquid cooling cooling systems, and electrochemical energy storage thermal management systems.

Total market value: 5.472 billion RMB

Company website: http://www.shenling.com/zh-cn/

SONGZ

Company profile：
The company is a leader in automotive thermal management products in China. Its main products include thermal management products in the fields of automobiles, rail transit and cold chain logistics, which are widely used in large and medium-sized passenger cars, passenger cars, trucks, light passenger cars and refrigerated and refrigerated vehicles.

In 2021, the company will achieve revenue of 4.12 billion RMB, a year-on-year increase of 21.9%, and the revenue of thermal management products for small cars and large and medium-sized buses will account for 61.3% and 23.0%, respectively.

The company began to deploy the energy storage business in 2020. The developed liquid-cooled energy storage thermal management system cools the battery through the cooling water plate, which greatly improves the cooling efficiency of the battery, and can basically realize the constant temperature operation of the battery, which greatly improves the battery life. At present, the company has two energy storage thermal management products to achieve mass production, and many products are under development.

At the same time, technologies such as new refrigerant applications in energy storage thermal management, ultra-long-life design, and precise control of electronic expansion valves are being developed and verified simultaneously with the new generation of products. At present, it has become a supplier of various types of energy storage battery thermal management products for customers such as CATL and Envision Energy in Top 10 Energy storage battery companies in China.

Total market value: 3.702 billion RMB

Company website: www.shsongz.com.cn

SANHUA

Company profile：
The company is the world’s largest manufacturer of refrigeration control components and the world’s leading manufacturer of automotive thermal management components.

The market share of new energy vehicle thermal management integrated components, Omega pumps and other products ranks first in the world. The global market share of globe valves, thermal expansion valves for vehicles, and accumulators is in the leading position in the world.

The company’s new energy thermal management products have been supplied in large quantities to well-known electric vehicle companies in the United States, and have received orders from BBA, GM, Toyota, BYD, etc. In 2021, the company’s revenue and net profit attributable to the parent company will be 16.021 billion RMB/1.684 billion RMB, +32.3% and +15.2% year-on-year, and the revenue of refrigeration and air-conditioning parts and auto parts business will be +16.36% and +94.50% year-on-year.

At the end of March 2022, the company established a wholly-owned subsidiary, Sanhua New Energy Thermal Management Technology (Hangzhou) Co., Ltd. It is planned to carry out business related to energy storage thermal management for the whole world. The company provides thermal management components according to customer needs, and the products involve valves, pumps, heat exchangers, etc.

Total market value: 67.728 billion RMB
Company website:www.zjshc.com

Yinlun

Company profile：
The company, as Top 10 energy storage battery thermal management companies, has established a strong competitive advantage in the thermal management field of traditional commercial vehicles, passenger vehicles and construction machinery, and is currently accelerating the development of new energy passenger vehicle thermal management and industrial heat exchange business .

In 2021, the company’s new energy business has achieved rapid development, achieving revenue of 1.05 billion RMB, a year-on-year increase of 223%, and has high-quality customer resources such as Weilai, Xiaopeng, GM, Ford, CATL, Geely, Great Wall, BYD, Yutong, and Changan;

In order to ensure the long-term sustainable growth of the company’s business, the company has established a joint venture with China Power Investment Corporation to deploy an energy storage thermal management system.

The company disclosed in its 2021 annual report that emerging fields include thermal management of power storage, heat exchange products for engine units, and cooling products for UHV power transmission and transformation, involving customers such as Samsung and LG.

Total market value: 7.058 billion RMB

Company website:www.yinlun.cn

Aotecar

Company profile：
The company is mainly engaged in the development and production of automotive thermal management systems and components. The main products include automotive air conditioning systems, automotive air conditioning compressors, energy storage battery thermal management products and their key components.

Major Chinese customers include Weilai, Geely, Chery, BYD, SAIC-GM-Wuling, Changan, Leapmotor, some new energy vehicle R&D institutions and vehicle control system integrators;

Major international customers are Volkswagen, Ford, GM, Jaguar-Land Rover, Tata Motors and some emerging new energy vehicle manufacturers. In 2021, the company will realize revenue and net profit attributable to the parent company of 5.14 billion yuan/-130 million yuan, a year-on-year increase of +37.9% and +54.8%.

In 2021, Shanghai Air Conditioning International, a wholly-owned subsidiary of the company, developed rapidly in the thermal management of energy storage equipment. Due to its good development prospects, in June of the same year, the company established Aites New Energy Technology (Shanghai) Co., Ltd. to specialize in thermal management of energy storage batteries. business.

The company’s research and development project of “energy storage liquid cooling and heat management system”, which was established in 2021, has been put into mass production at the end of the same year.

Total market value: 8.043 billion RMB

Company website:www.aotecar.com

Longertek

Company profile：
In the early days, the company specialized in rail transit vehicle air conditioners and their control systems, and provided inverter energy-saving air conditioner series products that meet the needs of various types of rail transit vehicles.

The company closely follows the explosive growth of new energy vehicles and the digital economy, and relies on the core advantages of intelligent frequency conversion energy-saving technology and refrigeration and heat pump technology to actively develop and expand new energy vehicles, data centers, server rooms, communication networks, energy storage systems, intelligent Equipment cooling solutions and energy-saving temperature control products for power grids and other fields have steadily expanded the industry market.

As a supplier of temperature control equipment for new energy storage power stations, the company continues to increase investment in research and development and market investment in this industry. At present, the company has carried out business cooperation with some Chinese enterprises to achieve batch production and sales of some orders.

Total market value: 1.423 billion RMB

Company website:www.longertek.com

Canatal

Company profile：
The company of Top 10 energy storage battery thermal management companies was established in 2003 and listed on the Shanghai Stock Exchange in 2017. It is a leading enterprise of precision air conditioners for data centers in China and a domestic brand with the highest market share in China. The main products include precision air-conditioning equipment and computer room environment integration products. Downstream customers include three major operators, Huawei and other well-known enterprises.

In 2021, the company will achieve a revenue of RMB 667 million, a year-on-year increase of 6.68%. Due to the impact of the epidemic and rising metal raw material prices, the net profit attributable to the parent company will be RMB 85 million, a year-on-year decrease of -26.35%.

The company’s “VRH modular composite multi-connected refrigeration unit” project under development in 2021 can be applied to the thermal management of data centers and energy storage containers at the same time.

Total market value: 3.359 billion RMB

Company website: http://www.canatal.com.cn