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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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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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Annotation 2019-09-27 092914

Narada 25th anniversary Celebration

On September 21, 1994, Narada Power Source Co., Ltd. was established, which opened the prologue to the development of the company. On September 20th, the eve of the company’s 25th anniversary, Narada held a grand ceremony to award commemorative badges to employees of 20 years, 10 years, 5 years, and above 1 year old. In addition to the headquarters venue, Lin’an Production Center, Narada Power Technology, Anhui Transportation Management Center, Wuhan Narada, Guojian Narada, and Changxing Narada, six major venues were set up at the same time to celebrate our company’s 25th anniversary.

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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 Will Jointly Host the 9th China International Energy Storage Conference

Confirmed by the Organizing Committee of China International Energy Storage Conference, Narada will co-host the 9th China International Energy Storage Conference in 2019.

Narada has experienced more than 20 years of development. As a listed company, it has taken a leading position in the fields of intelligent energy storage and resource recovery.

According to the ranking of global battery manufacturers and energy storage solutions suppliers released by Bloomberg in 2017, Narada listed the world’s second largest in the 2017 energy storage scale list with a scale of 340MWh. In 2018, Narada total renewable energy storage and operation volume also ranked first in China

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In 2018, Narada continued to maintain its leading position in the industry. There were 29 contracted contracts for the whole year, with a total contracted amount of approximately 3GWh; the commissioned projects increased by 80% year-on-year, and the newly added energy storage and commissioning volume ranked first in China.

Leading Industry Technology

Narada Power also masters the core technology of lead-carbon and lithium-ion energy storage batteries. Customers can choose the corresponding technical solutions according to different application scenarios and backup power.

Narada’s lithium-ion battery& lead carbon battery hybrid energy storage system taking into account the energy and power requirements of the energy storage system, which can meet peak shaving and frequency modulation requirements at the same time. This system has both fast response and at least 50% initial input cost compared to pure lithium battery systems.

In 2018, with the rapid development of the grid side energy storage market, Narada grabs grid-side energy storage market in China, and continuously won the bid for the grid-side demonstration project of Henan Power Grid, Hunan Power Grid, Jiangsu Tongli, etc. The grid-side energy storage scale of lithium battery of Narada ranked among the top three in China.

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In 2019, Narada will continue to expand the global energy storage market.

Lead the Energy Storage Market

In 2018, Narada continued to blossom in the energy storage and other business areas with its innovative spirit and reliable product technology solutions.

In the field of energy storage, Narada’s user-side energy storage project has maintained a global leading position in 2018, and has built the largest modular pre-installed energy storage power station in China. At the same time, Narada achieved a major breakthrough in the grid-side, renewable energy generation side and other markets.

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In 2018, Narada completed the construction and commissioning of Huabo Technology Phase II technical transformation project. After the production, Huabo Technology will become the world’s largest lead resource recycling plant

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In the traditional telecom business, Narada’s overseas telecom lithium battery business continues to maintain industry leadership and achieve substantial growth. In the field of motive power, Narada actively explored new marketing models and achieved initial results.

Achieve Greater Value with the Platform

With the continuous optimization of energy storage system performance and rapid cost reduction, China’s energy storage has been initially commercialized in the rigid demand market such as power supply side, power grid side, user side, communication energy storage, emergency power supply, 5G and Internet of Things. After 2020, the market share of energy storage commercialization will increase rapidly.

According to RCESIP, the cumulative installed capacity of electrochemical energy storage in China is expected to reach 24GW in 2025, and the market share will reach 100 billion.

In order to further explore the research and layout of energy storage technology in the whole life cycle of high security, low cost, long life and resource reuse. To improve the construction of market price mechanism for energy storage value, and promote the technology of advanced large capacity energy storage system at a high proportion and build a market-oriented green technology innovation system. The China Chemical and Physical Power Industry Association decided to jointly host the “9th China International Energy Storage Conference” with more than 70 related institutions at home and abroad. This conference was jointly organized by the China Energy and Physical Power Industry Association Energy Storage Application Branch and the China Energy Storage Network.

The person in charge of Narada said that China International Energy Storage Conference is one of the best platforms for Narada to introduce products, technologies and showcase brand strength to customers and media. Since 2013, Narada has participated in the China International Energy Storage Conference for six years.

 

The person in charge of Narada said that China International Energy Storage Conference is one of the best platforms for Narada to introduce products, technologies and showcase brand strength to customers and media. Since 2013, Narada has participated in the China International Energy Storage Conference for six years.

 

It is said that this conference will set up 13 special forums: international energy storage market and policy, interpretation of China’s energy storage and power system reform policy, energy storage power station and technology application, etc. During the period, the conference will also release the “2019 Energy Storage Industry Application Research Report”.

According to the person in charge of the organizing committee,the three-day conference will invite more than 120 industry experts and 1,500 representatives from China, the United States, Germany, the United Kingdom, Canada, Spain, Japan, South Korea, Australia, Southeast Asia and other countries and regions attend this conference.

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Narada Won the Two Awards for China’s Top 100 Renewable Energy Companies in 2018

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2018 The 8th session of the “One Belt and One Road” Distributed Energy Innovation Development Forum for the Yangtze River Economic Belt and the 2018 Leading China Renewable Energy Pioneer 100 Awarding Ceremony was held in Nanjing. Narada was invited as a representative of the outstanding renewable energy company and won two awards.

As a global leader in the energy storage industry, Narada has stood out among many participating companies with its outstanding performance in terms of technological innovation, brand influence and market competitiveness. After receiving many honors of energy storage industries in 2018, Narada won the “Renewable Energy Storage Application Brand” award again.

 

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In the five-year period, Narada’s energy storage business realized the leap-forward development from battery to system to investment operation, and achieved rapid development in the field of distributed energy and energy Internet by building an energy management platform. Narada was awarded the title of “Excellent Entrepreneur” for its outstanding development.

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The selection activities centered on innovation, coordination, environmental protection, openness, and sharing of the five development concepts. The activities focused on promoting the supply-side structural reform in the renewable energy sector, stimulating the innovation and development strategy of the renewable energy industry, accelerating the transformation and upgrading, and promoting the new journey of high-quality development of renewable energy.