In the early morning of Wuzhen, the mist has not completely dissipated, and the white walls and black tiles reflect on the peaceful river surface. This ancient town in Jiangnan, which is famous for the World Internet Conference, is now quietly ushering in an innovation in the field of energy. Just a few days ago, the large-scale professional energy storage equipment manufacturing project of Shenzhen Yuanxin Energy Storage Technology Co., Ltd. was officially signed and implemented here.

After the project reaches full capacity, the annual production capacity will exceed 10 GWh, making it one of the important manufacturing bases for Far Eastern Energy Storage in China. This national level specialized and innovative "little giant" enterprise, established in 2019, is expanding its territory at an astonishing speed.

Rising production capacity, aimed at the world

This move to Wuzhen is an important expansion of Far Eastern Energy Storage's production capacity layout. At present, the company has established four intelligent factories in Jiangsu, Yao'an, Dali, and Jinchang, with a total annual production capacity of 20GWh.

The addition of Wuzhen Base will take the company's total production capacity to a new level. According to the data, Far Eastern Energy Storage has independently led the design and participated in the construction of over 200 energy storage projects, with an annual output value of 2.5 billion yuan.

Its product line covers a wide range and has created 8 product series including large-scale energy storage systems, industrial and commercial energy storage systems, energy storage battery clusters, energy storage inverters, energy management systems, etc. It has the ability to provide one-stop energy storage solutions.

Accelerate sailing and bloom at multiple locations

The confidence in production capacity comes from the vigorous growth of market demand, especially overseas. Recently, there have been frequent good news reports of Far Eastern Energy Storage's overseas layout.

The company has successively signed or won contracts for energy storage projects in multiple countries such as the United States, Hungary, Japan, Chile, Poland, and West Africa, covering various application scenarios such as industrial and commercial energy storage, grid side energy storage, and integrated photovoltaic energy storage EPC.

Among them, the most iconic is the strategic cooperation agreement signed with a leading energy storage developer in Texas, USA. Both parties will jointly promote the reserve of approximately 8GWh of independent energy storage projects on the local grid side. This marks the successful entry of Chinese energy storage companies' technology and products into the core regions of the global high-end energy storage market.

Technological foresight, betting on the future

While consolidating the current mainstream lithium battery energy storage business, Far Eastern Energy Storage has turned its attention to a more cutting-edge technology field - solid-state batteries.

In April 2024, the company established a wholly-owned subsidiary, Liaoning Yuanxin Energy Storage Technology Co., Ltd., and landed a 10GWh drone solid-state battery and energy storage equipment manufacturing project in Chaoyang Economic and Technological Development Zone.

The total investment of this project is 2.1 billion yuan, covering an area of 120 acres, mainly constructing a comprehensive building, research and development center, production workshop, etc. Plan to build two high-capacity high-end unmanned aerial vehicle all solid state battery production lines with an annual output of 1000MWh, as well as two battery module and new energy storage equipment manufacturing production lines with an annual output of 10GWh.

According to the plan, the project will be constructed in three phases and is currently being accelerated. This demonstrates the strategic ambition and forward-looking layout of Far Eastern Energy Storage in the next generation of energy storage technology. Keywords: Energy Storage Network, Latest News on New Energy

From the water towns of Jiangnan to the plains of western Liaoning, from mature lithium-ion energy storage to cutting-edge solid-state batteries, the industrial map of Far Eastern Energy Storage is rapidly expanding. The signing of the Wuzhen project is not only the establishment of a manufacturing base, but also a vivid reflection of China's energy storage industry's deep participation in global energy transformation and its drive to go global through technological innovation.Editor/Yang Meiling