Candela (Shenzhen) New Energy Technology
Magnetic levitation flywheel energy storage system solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Series A | |
| Total Funding | 000k | ||
Candela (Shenzhen) New Energy Technology Co., Ltd. is a high-tech enterprise established in 2018 as part of the Candela Group, specializing in the new energy sector. The company operates as an equipment supplier and system integrator with a core focus on magnetic levitation (maglev) flywheel energy storage technology. Its business model is centered on providing integrated energy storage system solutions for various applications, including grid support, rail transit energy recovery, industrial energy savings, and high-quality Uninterruptible Power Supply (UPS).
The company was formed in May 2018 following an internal reform of its parent company, Candela (Shenzhen) Technology Innovation Co., Ltd., which was founded in May 2016. Candela New Energy Technology provides a range of products including various flywheel batteries, control system cabinets, a smart cloud monitoring platform, and core components like high-speed motors and magnetic bearings. These systems are designed for high-power, high-frequency charge and discharge scenarios. The company serves clients in the energy and transportation sectors, deploying its technology in projects like power frequency regulation for grids, kinetic energy recovery for rail transit, and supporting fast-charging stations for electric vehicles.
Significant milestones include the delivery of a megawatt-level flywheel system for an innovative energy project in Inner Mongolia in 2021 and the launch of the world's largest single-unit power flywheel for grid frequency regulation in May 2022. The company has established production bases in Foshan and Yangzhou to support its manufacturing needs. By developing its own core components, including the magnetic bearings and high-speed motors, Candela controls the key technologies for its flywheel systems. It has successfully applied its products in multiple demonstration projects across China, including a wind farm in Henan and a solar-storage charging station in Huzhou.
Keywords: flywheel energy storage, magnetic levitation, maglev, grid support services, energy recovery, power frequency regulation, kinetic energy recovery, rail transit, uninterruptible power supply, UPS systems, smart grid, energy storage integrator, high-speed motors, magnetic bearings, power stabilization, industrial energy saving, fast charging, clean energy technology, carbon neutrality, flywheel battery.