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Strategic cooperation agreement between Narada Power Source Co Ltd. and LS Industrial Systems Co Ltd

On December 2, Narada signed a strategic agreement with South Korea’s LS Industrial Systems Co Ltd (LSIS). The two parties will work together in global integrated energy services, resource recovery and other fields.

Gu Zijun (Chairman of LSIS), Pu Longxiang (President) Yu Shenggui (Director), Yuying Guo (General Manager), Zhu Baoyi (President of Narada), Wu Xianzhang (Vice President), Chen Jian (Chief Engineer), and Chen Liying (President’s Assistant) attended the signing ceremony. On behalf of Narada, President Zhu Baoyi signed a contract with the President of LSIS.

LSIS (formerly known as LG Power Generation) was founded in 1974 and originated from South Korea. It has 8 factories, 4 R&D centers and 1 Power Testing Technology Research Institute situated around the world. Relying on their technical strength and expertise accumulated after years of being in this power field, LSIS has developed to become the largest and most comprehensive electro-mechanical manufacturer in Korea. They are also the first manufacturer of industrial electrical automatic products in Korea.

With this strategic agreement, both companies will want to build a platform together to promote comprehensive energy services, application, market development to realize industrial technology upgrades.

This cooperation will help both parties to strengthen market development and increase efficiency. At the same time, integrated energy businesses such as energy storage, energy service methods that meets the needs of diversified energy production and consumption are used to increase the use of green energy to improve reliability and safety of electricity consumption.

Participants also conducted in-depth exchanges and discussions on project progress, goals, plans, requirements of this cooperation, and reached a consensus on principles for handling related issues.

During the meeting, Chairman Gu Zijun and his party also visited Narada’s Supply National Enterprise Technology Center, National Accreditation Laboratory, Lithium Battery Energy Storage Power Plant, Valve-Regulated Battery Production Base, and learned more about the company’s technology innovation, talent introduction, future development planning, production and operation.

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Top 100 Enterprises in Zhejiang Province- Narada Power Source Co Ltd.

A few days ago, the Zhejiang Academy of Science and Technology Development Strategy and the Provincial Institute of Science and Technology Information announced that Narada was shortlisted under the “2019 Top 100 National High-Tech Enterprise Innovation Capabilities of Zhejiang Province” list and even in the top ten companies in the new energy and energy-saving technologies field.

At the end of 2018, a total of 11,931 effective high-tech national enterprises in the province, but only 11,815 companies participated in the evaluation. According to information collected, experts‘ scientific methods were used to demonstrate the ranking of top 100 companies. Based on this method, they gauged by separating individual indicators and technical fields such as invention patents, research and development funds, main business income, R&D personnel and new products to determine top ten companies. The top ten were selected based on the enterprises’ innovation capabilities in districts and cities.

In recent years, Narada has actively deployed smart energy storage, green mobility services, steadily developed communications, data services and expanded the industrial chain through resource regeneration to achieve rapid performance growth.

By receiving this prestige, Narada continues to develop its market in all-rounded innovation, constant practice in areas of the market layout, business model, technology research, development and management.

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Deputy Governor of Anhui Province and Secretary of Fuyang Municipal Party Committee, Visited Narada Power Source Co Ltd.

On 15th November, Yang Guangrong (Deputy Governor of Anhui Province), secretary of Fuyang Municipal Party Committee and his party went to Hangzhou to visit Zhejiang Narada Power Source Co., Ltd. Mr. Wang Bo (Secretary of the Municipal Party Committee), Liu Yujian (Secretary of the Party Working Committee of the Municipal Economic Development Zone), Wang Jiaren (Director of Municipal Development and Reform Commission), Gao Wenjun (Director of the Municipal Bureau of Economy and Information Technology), Xu Huidong (Secretary of the Jieshou Municipal Party Committee), Deputy Mayor of the Municipal Government and other leaders participated in the meeting research. Wang Haiguang (Chairman of Narada), Wang Yueneng (Vice Chairman), Zhu Baoyi (President), Wang Yingjiao (Vice President) and Chen Liying (Assistant President) accompanied the guests.

Governor Yang and his party visited Narada’s National Enterprise Technology Center, National Approved Laboratory, Energy Storage Demonstration Power Plant and Lithium Power Production Base to learn more about the company’s production, operation, technological innovation, investment composition, project promotion, talent introduction, planning and development.

Following which, at a forum, Chairman Wang Haiguang detailed the development and innovation of Narada in the energy industry. On behalf of Narada, he thanked Anhui Province and Fuyang City for their strong support. Together with Anhui Province and Fuyang City, Narada will look to continue the cooperation for further joint development.

Governor Yang affirmed the innovation and development of Narada. He pointed out that with the rapid economic development of Anhui and Zhejiang, the economic cooperation has formed a new all-rounded dimension. Narada is a product of the economic cooperation between the two places. It hopes that Narada will be able to integrate Fuyang’s development strategy, explore new development paths, fulfill social responsibilities, by relying on its own advantage to create industrial transfer agglomeration areas for future cooperation. By continuing to extend the industrial chain to strengthen the industry to achieve mutual benefits and win-win results.

Governor Yang requested to fully grasp the enterprise’s project production, operation, construction cycle, capital turnover, talent introduction, technological transformation, product upgrades, future development to coordinate , service, guarantee, and promote project cooperation in the future to continuously improve and achieve practical results.

At the meeting, Xu Huidong (secretary of the Jieshou Municipal Party Committee), and Wang Haiguang (Chairman of Narada), signed a “new lead-carbon energy storage battery project” cooperation agreement. Both parties will further deepen the cooperation on the basis of complementary resource advantages to achieve mutual benefit and win-win results.

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2019 China Manufacturing Listed Companies Value Creation Top 500: Narada Power Source Co., Ltd

A few days ago, China Federation of Industrial Economics and the State Council SASAC Machinery Industry Economic Management Research Institute released the “White Paper on the Value Creation of Listed Chinese Manufacturing Companies in 2019” in Nantong, Jiangsu Province. Narada Power Supply was listed on the Top 500 Listed China Manufacturing Companies Value Creation 2019. With the strengthening of innovative practices, the company has appeared on various domestic and international lists.

Manufacturing is the foundation of a strong country. The list uses the four dimensions of capital, industrial, innovation, and social value of Listed Chinese Manufacturing Companies in 2019 as the criteria to balance and evaluate the value creation ability of enterprises.

Unlike many industries, the seemingly “conservative” manufacturing industry has been embracing cutting-edge technology. Narada has never stopped innovating in manufacturing. The company provides systematic products, solutions and operation services with advanced valve-regulated lead acid, lithium-ion, and fuel cells batteries as its core. Thus, it has became one of the leaders in various fields such as energy storage and resource regeneration.

Narada’s products and solutions fully support the transformation and upgrading of global energy. At the same time, Narada is also committed to transform innovative technologies into feasible productivity, opening up a new horizon for manufacturing, and to gain an advantage in assessing corporate value creation capabilities.

This ranking is the outcome of Narada’s long-standing adherence to high-quality development, industry’s recognition and affirmation of the company’s ability to create value.

Towards the future, the company will take “revitalizing of national energy industry” as its own mission, believing in high-quality, sustainable development to lead the transformation by using green ecology, and strengthen the development potential in the industry. Making important contributions to China’s transition from a large manufacturing country to a strong manufacturing country.

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Narada attended the 4th China Energy Storage Technology and Application Exhibition

On October 10, 2019, the 4th China Energy Storage Technology and Application Exhibition (CESE) 2019 was grandly opened in Shenzhen Exhibition Center. Narada arrived with its products and Mr. Wu Xianzhang, Vice President of the company, was invited to participate in the opening ceremony.

At this energy storage feast, Narada showed its lithium-ion energy storage technology, energy storage system and energy storage applications, as well as commercial energy storage projects. In addition to the display of products, systems and solutions, the VR experience is also set up. Visitors can promenade in the future technology city Xiba Energy Storage Power Station and Wuxi Singapore Smart Distribution Network Energy Storage Power Station,which showed the comprehensive strength of Narada. This exhibition featuring professional and technology has attracted many audiences and left a deep impression on them.

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Liu Yanlong, Secretary of China Chemical and Physical Power Industry Association, Liu Yong, Secretary of Energy Storage Application Branch, and other experts visited Narada’s Booth. Wu Xianzhang gave a detailed introduction of Narada’s energy storage technology, products and applications. The achievement of Narada in the field of energy storage has been highly praised.

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Meanwhile, in the “Sixth Energy Storage Technology Application Seminar in Distributed Power Supply and Microgrid”, Yu Jianhua, deputy general manager of Narada Energy Internet department, delivered a speech of“Value Analysis of Energy Storage Business Model”, and shared business models, application results, technological innovations and industry trends in the field of energy storage.

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Narada Signed a Cooperation Agreement with EDF Renewables on Advancing Battery Storage Projects in China

Narada announced the signature of a cooperation agreement to transact battery storage projects in China with EDF Renewables China, Chinese subsidiary of a global player in renewable energies.

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The cooperation started with the acquisition agreement by EDF Renewables China of a battery storage owned and operated since September 2018 by Narada. The distributed 1.5MW/12MWh Zhenjiang Energy Storage solution is located in Jiangsu province, China.

The new agreement paves the way for the functional expansion of the project, which is set to provide up to 12,000kWh/day to a nearby recent industrial park.

“Narada is pleased to partner with EDF Renewables to deliver clean energy to its customers through Zhenjiang Energy Storage System project.” Said Mr. Wang Yueneng, Vice Chairman of Narada.

“EDF Renewables is excited about the partnership with Narada. Under this new innovative structure, with a battery storage system that can power the future by providing end-users with smart and sustainable energy solutions.” Said Mr. Tian Yue, CEO of EDF Renewables China.

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NARADA MW-scale containerized lithium battery energy storage system qualified UL9540 certification

Narada Lithium-Ion Containerized Energy Storage System recently qualified the most stringent system-level safety certification in the world – UL9540!

According to statistics, only 16 battery companies in the United States, South Korea, Japan, China, and Israel have qualified UL9540 certification up to now, most of which are small-scale residential or commercial energy storage systems. Only two are MW- scale containerized energy storage systems. NARADA is the third in the world.

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The energy storage system and equipment safety standard UL9540 (STANDARD FOR SAFETY, Energy Storage Systems and Equipment) is the highest safety standard in the energy storage system hierarchy. Passing UL9540 certification means an excellent recognition on a global scale.

Narada’s Lithium-Ion Containerized Energy Storage System integrates core equipment such as lithium battery system, battery management system, thermal management system, electrical distribution system, fire protection system, etc. It has the core advantages of high security and high reliability. The battery system uses a platform design to support high energy density and high flexibility. The internationally authoritative third-party certification organization has carried out comprehensive technical evaluation and rigorous testing on the design safety, electrical safety, battery safety, functional safety and environmental adaptation of Narada’s Lithium Energy Storage System, and certified its system to achieve global highest standard of storage energy UL9540. Narada’s Lithium Energy Storage System is increasingly favored by large international energy companies with its highly reliable system design and high security system guarantee.

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The First Mobile Energy Storage Power Station Project in Zhejiang Officially Online

On August 8, a large-scale lithium-ion energy storage power station for Yuhang Future Science and Technology City’s electricity service was officially launched. The province’s first mobile energy storage power station project was officially connected today, which is another masterpiece of Narada.

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The capacity of this power station is 2MW/4MWh, all of which are designed and built with the independent intellectual property rights of Narada. The power station has set up two double-split transformers with 1250 kVA and connected to the 110 kV oil truck substation in Yuhang District, Hangzhou.

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The number of power users in the Future Science and Technology City area reached 140,000, including Alibaba, China Mobile, Holley and BGX Group etc.With the development of the Future Science and Technology City, the demand of electricity continues to increase, with an annual growth rate of 10-20%. From January to July 2019, the electricity sold was 905 million kWh, a year-on-year increase of 15%; the highest load was 488,000 kW, an increase of 19.57%.

This energy storage power station has the function of “shaving the peak and filling the valley”. This lithium-ion energy storage power station is officially launched, which effectively mitigating the electricity demand in the Future Science and Technology City.

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As a leader in the domestic energy storage field, Narada has rich experience in design, integration and construction of energy storage systems. Narada delivered this project to the owner in just 20 days.

During the project acceptance process, the acceptance expert group gave a high evaluation of the process and quality of this project, and the power supply company also fully affirmed the technical capability and work coordination of Narada.

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Narada has Won Two Awards at the 6th Global Solar +Energy Storage Conference & Expo

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From July 9th to 10th, the 6th Global Solar + Energy Storage Conference & Expo was opened in Shanghai. With excellent product strength and mature project experience, Narada has won the “Top Ten Energy Storage Battery Supplier Award for Energy Storage Industry in 2019”, and Zhu Baoyi, President of Narada, won the “Energy Storage Industry Ingenuity Character Award in 2019”in the ceremony.

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As a renewable enterprise entering the energy storage/microgrid market in the early stage, Narada has actively explored the market at home and abroad in various secenarios such as power grid side, power generation side and user side.

According to CNESA data, Narada ranked first in terms of installed capacity and power scale in China’s new electrochemical energy storage projects in 2018, and the influence of Narada brand was further enhanced.

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Tan Jianguo,Deputy Chief Engineer of Narada

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Narada awarded the “Energy Storage System Integrator” in the 5th Annual Global Solar + Energy Storage Congress & Expo 2019

Yesterday, Narada attended the 5th Annual Global Solar + Energy Storage Congress & Expo 2019 in South Korea, which is the most influential global industrial gathering and award ceremony in the field of solar and energy storage. And Narada awarded the “Energy Storage System Integrator” at the Annual Solar & Storage Awards Reception Night.

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