[2024 SNEC+ Exhibition Highlights: Huayu Zhihang Leads the New Wave of Energy Storage]

SNEC 9th (2024) International Energy Storage(Shanghai) Technology Conference and Exhibition

At the 2024 SNEC+ exhibition, Hefei Huayu Zhihang Power Energy Co., Ltd. became the focus of the exhibition with its excellent energy storage technology and products. As a key government high-tech enterprise, Huayu Zhihang has achieved industry-leading achievements in energy storage battery systems and energy management systems.

At this year's SNEC+ exhibition, Huayu Zhihang N2-006 The booth attracted the attention of many visitors. The 230kWh industrial and commercial cabinet became a highlight of the exhibition due to its high attention and order volume. At the same time, Huayu Zhihang also launched a new flexible energy storage cabinet of 104.96kWh. This new product, with its smaller size, higher flexibility and wider application scenarios, heralds a new trend in the energy storage industry.

Domestic industrial and commercial energy storage projects： With the Chinese government's strong support for new energy, domestic industrial and commercial energy storage projects are growing at an unprecedented rate. According to the latest data from the China Energy Administration, in the first half of 2024, the newly installed capacity of China's industrial and commercial energy storage projects increased by more than 50% year-on-year. Huayu Zhihang has become the first choice of many companies with its high performance and stability of 230kWh industrial and commercial cabinets.

Foreign household energy storage and industrial and commercial energy storage: The global energy storage market is expected to grow 15 times by 2030, from 27GW/56GWh at the end of 2021 to 411GW/1194GWh at the end of 2030. Huayu Zhihang's small energy storage system is also popular in foreign markets due to its high efficiency, environmental protection and safety. Especially in Europe and North America, as the awareness of energy autonomy among households and businesses increases, Huayu Zhihang's products are becoming their first choice.

In 2024, new energy storage was written into theGovernment Work Report, which means that the energy storage industry will receive more policy support and market attention. It is predicted that in the next five years, China's energy storage market will maintain an average annual growth rate of more than 30%. As a pioneer in the industry, Huayu Zhihang will take advantage of this policy to further expand its influence in domestic and foreign markets.

Energy storage technology is one of the key factors in achieving energy transformation.BloombergNEFSupported by analysis. As costs fall rapidly, demand in the energy storage market is expected to grow significantly. The International Renewable Energy Agency (IRENA) highlighted this in its latest report, predicting that by 2030, demand in the global energy storage market will grow to 1.5 terawatt hours (TWh). Huayu Zhihang's products and technologies play an important role in promoting this transformation. The launch of its 230kWh industrial and commercial cabinet and 104kWh new energy storage cabinet is a positive response to this market demand.

Huayu Zhihang is leading a new wave in the energy storage industry with its outstanding products and technological innovations. Driven by both domestic and foreign markets, Huayu Zhihang has a bright future. With the deepening of global energy transformation, the energy storage industry will surely usher in a brighter tomorrow. As a leader in the industry, Huayu Zhihang will continue to drive development with innovation, lead the future with technology, and contribute to the sustainable development of global energy.