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The progress of Germany PCR project

In April, people passed through the Leipzig discovered some containers were built on a vast plain. These containers were the energy storage plants built by Narada for Germany’s PCR project.

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In 2017, Narada signed a contract with Upside German to build the FM energy storage station with a total capacity of more than 50MW and participated in PCR in Germany.

The use of renewable energy in Germany ranks the world leader. At present, 33% of Germany’s electricity demand comes from the renewable energy. According to German “Energy Transformation”, the use of renewable energy will be more than 80%.

With the increase of renewable energy power generation, especially solar and wind, its intermittent and unpredictability lead to short-term deviations in power supply and demand, resulting in instability in the quality of power grid operation, especially in frequency fluctuations. The demand for frequency regulation on the grid will accelerate.

Compared with traditional thermal power plant frequency modulation, battery energy storage system has better economic and social benefits because of its high-frequency regulation efficiency, fast response, relatively low cost, and more environment-friendly features.

During the construction of the project, Narada dispatched personnel to the project construction site several times to conduct professional installation guidance.

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The General Manager of Narada overseas and EPC Engineering Division Zheng Yan introduced that the total construction capacity of the entire project is 50MW, which is completed in three phases. The first phase of the project will be completed in June, and the completion of the overall project will be completed by the end of this year.

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Narada signed a cooperation agreement with the National Energy Marine Nuclear Power Platform Technology R&D Center

Narada has signed a strategic cooperation agreement with National Energy Marine Nuclear Power Platform Technology R&D Center to cooperate in the fields of marine nuclear power platform national special projects, integrated energy services, and national science and technology projects a few days ago.

Chen Gang, Director of National Energy Marine Nuclear Power Platform Technology R&D Center, Deputy Director Dong Haifang, Deputy Director Huang Chao, President of Narada, Chen Bo, Vice President Lu Xiaoyang attended the signing ceremony.

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National Energy Marine Nuclear Power Platform Technology R&D Center is the first state-level marine nuclear power platform technology R&D center in China. The center researches the important technical issues of marine nuclear power platform.

Marine nuclear power platform is essentially a mobile and miniaturized application of nuclear power plants, which can provide great help to the supply of electricity, heat, fresh water, etc. in the offshore islands.

We hope to sign a cooperation agreement to build a platform for comprehensive deepening of cooperation between the two sides, jointly develop scientific research, integrated energy service application and promotion, and market development to achieve industrial technology upgrading.

The cooperation project will help both of us jointly promote the research and development of the national nuclear power platform for the sea, establish and improve the marine nuclear energy industry system, promote industrial development, and help both parties to develop and increase efficiency. We will continue to promote the full range of cooperation contents.

During the meeting, the delegates also had a deep exchanged and discussions on the project’s progress, goals, plans, and requirements for the cooperation, and reached consensus on the principles for dealing with related issues.

NARADA Annual Report 2017 (PRNewsfoto/Narada Power Source Co.,Ltd)

Narada Power Revenue Rises 30% in 2017 on Energy Storage and Recycling

On April 11, PR News published the news “Narada Power Revenue Rises 30% in 2017 on Energy Storage and Recycling.”

The news took the achievements of Narada in various business areas in 2017 and listed the highlights of the energy storage and renewable resources business. We share this news here.


China’s leading energy storage manufacturer and developer, Narada Power Source Co. Ltd., with a 30% growth in 2017, the total revenue in 2017 was 8.637Billion yuan(US$1.376 billion) The net profit stood at 381 million yuan, up 16% compared with that of 2016.

President Statement (PRNewsfoto/Narada Power Source Co.,Ltd)
President Statement (PRNewsfoto/Narada Power Source Co., Ltd)

 

NARADA Annual Report 2017 (PRNewsfoto/Narada Power Source Co.,Ltd)
NARADA Annual Report 2017 (PRNewsfoto/Narada Power Source Co., Ltd)

Narada’s battery business contributed 5.174 billion yuan, among those the growth rate of stationary power, energy storage power & systems, and motive power & systems was 10.38%, 9.59%, and 33.27% respectively.

Narada first started out as a battery manufacturer and retailer and now has made significant inroads in providing systems solutions and operation services for power generation, storage and recycling, forming an industrial chain. Narada has acquired 49% equity in Huabo Technology, a leading player in China’s battery recycling industry. It is expected that the capacity of Huabo Technology in lead battery recycling will exceed one million tons in the future.

According to the annual report, the energy storage project build by Narada in Wuxi Singapore Industrial Park with a capacity of 160MWh, was the first example of electrochemical energy storage system providing electric power ancillary services in China, was put into operation and participated in the power demand side response service for Jiangsu province in February 2018.

Narada’s leap from the industrial and commercial customer side to renewable energy generation was marked when Narada successfully put Qinghai Huaneng Integrated Photovoltaic Energy Storage Station into operation.

Narada not only invested in powertrain system projects to enhance the integration capacity of new energy vehicles but have also tapped into the oversea motive battery market with sealed deals in the Netherlands, UK, and Thailand. The revenue of a motive battery for electric bicycles have increased 57.94% annually.

The annual report also shows solid development in Narada’s R&D sector. By the end of 2017, it held 104 valid patents, including 45 for inventions, 41 for utility models and 18 for exterior designs. The revenue from R&D accounted for 3.03% of the total.

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The unicorn in the energy storage industry has begun to take shape——2017 industry inventory

On April 3, CNESA(China Energy Storage Alliance) released the “Energy Storage Industry Research White Paper 2018”,Narada ranks the first in terms of installed capacity,power scale and energy scale in China’s newly added operated energy storage project in 2017 that becomes the leader of electrochemical energy storage technology and system provider in China .

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Meanwhile, Narada’s installed capacity and energy scale of the newly added electrochemical energy storage project in 2017 all entered the world TOP3 .And the power scale ranks in the TOP5 in the world .

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The White Paper systemized and updated the latest news of the energy storage projects of Global and China, market, factory owners, technology, policy .Meanwhile it also predicted and looked ahead the development of domestic and international energy storage market.

 

With the development of global new energy industry, the importance of energy storage in revolution of energy structure has been appeared. Commercialization of energy storage ushered in a broad space for development

 

Since 2016, Narada has commercialized energy storage. Through the exploration of Narada, it was clarified that the application of electrochemical energy storage was mature in terms of scale, safety, economy. By the end of 2017, the total contracted capacity of the company’s energy storage power station has exceeded 2000MWh, and the scale of operation has exceeded 300MWh, occupying the commanding heights of the global energy storage industry.

 

In the past two years, Narada has led the revolution of commercial energy storage and made China become one of the most active countries in energy storage in the world.

 

The prospect of 160 billion dollars makes the energy storage industry worthy of becoming a sunrise industry, and the market growth space will exceed 16 billion dollars in the next five years.

 

Based on the existing complete industrial chain, Narada will continue to iterate on existing solutions, expand its cost advantage, and promote project expansion more quickly , build the most promising energy Internet .The unicorn in the energy storage industry has begun to take shape.

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Commercial Energy Storage of Narada detonated the 2018 Energy Storage International Conference and Expo

From April 2 to 4, the 7th Energy Storage International Conference and Expo was held at Beijing National Convention Center. Narada’s president Chen Bo and Vice-president Wang Dawei attended the summit and discussed the innovation and development of Energy Storage Industry with the experts and leaders.

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President Chen Bo (middle) participated in the summit dialogue

The president Chen Bo had a discussion with industry experts on the theme of “Building a new coordinate in the energy storage market” from energy storage technology development, market demand, and policy mechanisms that caused a strong reaction in the industry.

President Chen mentioned that as an explorer in the energy storage industry and a leader of commercialization, Narada has started commercialization of energy storage since 2015 and has formed a large-scale application now.

Through the exploration of Narada, it is cleared that the application of electrochemical energy storage is mature in terms of scale, safety, and economy.

President Chen Bo also discussed with the dialogue guests on the current electricity market, and everyone expressed their expectation of establishing an electric auxiliary service system and effective price mechanism.

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President Chen Bo accepts media interview

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Vice president Wang Dawei gave a speech

The vice president Wang Dawei delivered a keynote speech titled “Discussion on the Business and Financing Mode of User-side Energy Storage Projects” at the theme forum of “Energy and Storage Financing Practice and Outlook”, and focused on the business and financing model of energy storage projects .

Meanwhile, “Smart Distribution Network Energy Storage Station in Wuxi Singapore Industrial Zone ” project won the award of “2018 Energy Storage Application Innovation Model TOP10” for its remarkable innovation and influence.

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Chief Engineer of Narada Energy Internet Tan Jianguo (2nd right ) receives the Energy Storage Application Innovation Model Award

Wuxi Singapore Industrial Zone Smart Distribution Network Energy Storage Station is the biggest commercialize energy storage station, the total capacity is 160MWH. The project has been officially approved by the National Power Grid and has operated the full-capacity grid-connected successfully.

During the Spring Festival of 2018, the project successfully participated in the demand side response of the power grid. It was the first time in large-scale energy storage power stations across the country. It provided an example for the electrochemical energy storage system to enter the electricity market. It has milestone significance for the market incentive mechanism for power demand management and the peak-to-valley load-reversible control system for demand-side response.

The Energy Storage International Conference and Expo was established in 2012. It’s an energy storage industry professional brand exhibition activity which is under the guidance of the Scientific and Technical Equipment Division of the National Energy Administration, and supported by the China Energy Research Association, the Zhongguancun Management Committee and the Zhongguancun Haidian Park Management Committee, and built by CNESA.

This year’s conference gathered more than 120 authoritative speakers and more than 60 exhibitors from domestic and international.

At the exhibition, the booth of Narada was combined with the sense of technology and modernity.It also occupied a favorable position to demonstrate the comprehensive strength of Narada in energy storage comprehensively and became the protagonist of the entire exhibition hall. Narada also became one of the most watched brands during the show.

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In this exhibition, the energy storage technology and application of Narada had not only received unanimous approval from the industry but also attracted a large number of visitors to consult.

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Industrial Project Collaboration: MOU with Temasek Polytechnic

On 29 March 2018, Narada Asia Pacific Pte Ltd had signed a Memorandum of Understanding (MOU) with Temasek Polytechnic for Industrial Project Collaboration.

The objectives of this MOU is to develop series for programme includes Industrial Energy Management System, joint seminars & workshops, joint paper publication of Grid-tie Energy Storage System, student internship programmes, as well as service learning for students’ Overseas Community Projects (OCP).

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“Tp is confident that the MOU will mark the beginning of a strong and fruitful partnership between TP and Narada Asia Pacific Pte Ltd. We are certain that both institutions will reap the maximum benefits through this win-win partnership. More importantly, we hope to produce skilled and certified engineers that can contribute to the industry that is currently adapting to liberalization of the retail electricity market.” said Wong Kia Ngee, Director/School of Engineering

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This newly formed partnership is set to provide a thriving outcome for both parties as well as industry.

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Narada Enters Europe’s Pure Electric Vehicle Power Market

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In the first half of 2017, Narada signed a long-term cooperation agreement with a European electric vehicle company for pure lithium iron battery system for electric vehicles. The total scale of the project about 800 MWH. Narada received the first batch of orders of 3.3 million US dollars recently.

It is reported that in order to meet the growing demand of environment-friendly and quiet trucks of society, EU plans to cut carbon emissions by 40% by 2021 due to the city is dealing with air and noise pollution. Automakers and technology companies around the world are scrambling for the market.

The partner of this project is a famous enterprise in Europe, which has years of experience in electric vehicle research and development.

With the increasing competition of the 1st generation Green Vehicle, this company introduced an all-electric semi-trailer vehicle which greatly enhances the economy and environmental protection of power vehicles. This vehicle chose the lithium iron battery pack of Narada as its core power source.

Narada creatively developed the lithium iron battery system that suitable for pure electric vehicles. This system has the feature of high integrated, lightweight and refined power system design; the cycle life up to 3000 times; high energy density, and has the advantage of fast charging. In addition, the system has a strong environmental adaptability and can work at -20-60 ℃.

The pure electric vehicles not only can realize the quiet driving, zero COemission but also the operating cost will reduce 40% per kilometer.

Narada has already mastered the key technologies of battery materials, power systems and motive system, and has successfully completed series of product development and industrialization of lithium iron batteries for new energy vehicles. Narada has also further completed the development of the ternary soft pack power battery and system assembly on this basis, and a strong technology accumulation and system integration capability were formed.

The signing of this sales contract means that technical level and overall strength in the powerful lithium-ion battery system for electric vehicles of Narada have been highly recognized in the European industry, which further increases the company’s impact on the lithium-ion battery market for electric vehicles.

At the same time, this project also provided important experience for the large-scale entry into the global electric vehicle market in the future and promoted the development strategy of Narada in the field of power lithium-ion batteries for electric vehicles.

With the cooperation with key customers in the renewable energy automotive industry continued to deepen, Narada will achieve a grander ambition in this field in the future.

 

Source: http://en.naradapower.com/index.php/press/clist/info/177