Shanghai Electric (Anhui) Energy Storage Technology
An all-vanadium flow battery developer that focuses on the independent research and development, manufacturing and sales of key materials, stacks and system integration for flow batteries in the field of long-term energy storage, and provides customers with energy storage equipment and the full life cycle solution.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY400m | Series A | |
| Total Funding | 000k | ||
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A subsidiary of the state-owned Shanghai Electric Group, Shanghai Electric (Anhui) Energy Storage Technology Co., Ltd. operates within the long-duration energy storage sector, focusing on the research, development, and manufacturing of vanadium redox flow battery (VRFB) systems. The company was established on December 10, 2019, and its factory in the Anhui Chaohu Economic Development Zone became operational on October 22, 2020.
The firm’s business model is transitioning from being solely an equipment supplier to providing comprehensive, full life-cycle solutions. This includes the design, integration, manufacturing, and sale of energy storage equipment, systems, modules, stacks, and key battery materials. The company serves a diverse client base across sectors such as renewable energy integration, grid-side energy storage, distributed smart microgrids, and industrial power consumption. Its revenue streams are based on the sale of these systems and providing related services like testing and consulting.
Shanghai Electric (Anhui) Energy Storage Technology's core offering is its portfolio of kW-level and MW-level flow battery energy storage products. These systems are designed to address the intermittency of renewable power sources, enhance grid reliability, and provide stable energy supplies. The company has independently developed a series of power stacks, including 5kW, 25kW, 32kW, and 65kW models, and has delivered over 50 VRFB energy storage projects. A key milestone was the establishment of an automated production line with a design capacity of 1GWh. Following a successful Series A financing round in September 2023 which raised RMB 400 million, the company is focusing on developing new systems and constructing hundred-megawatt scale projects.
Keywords: vanadium redox flow battery, VRFB, long-duration energy storage, grid-side energy storage, smart microgrids, battery management systems, renewable energy integration, energy storage solutions, power station design, stationary energy storage, flow batteries, electrochemical energy storage, battery stack manufacturing, energy storage system integration, alternative battery chemistry, grid reliability, utility-scale storage, industrial power solutions, energy transition, clean heating systems
