Penghui Energy plans to invest in an energy storage project in Qingdao, Shandong, with an annual output of 36GWh energy storage batteries

Penghui Energy announced that it plans to invest in and build the No. 1 energy storage project in Chengyang District, Qingdao City, Shandong Province, China. The plan aims to manufacture an energy storage battery with an annual output of 36GWh, and the total investment is expected to be approximately 13 billion yuan. The project will be divided into three phases, of which the first phase will build an energy storage battery project with an annual output of 12GWh, and the subsequent second and third phases will build an energy storage battery project with an annual output of 12GWh respectively. This investment move will provide strong support for Penghui Energy to further expand its energy storage battery business.

According to ITBEAR technology information, Penghui Energy was established in 2001 and has experienced more than 20 years of development. As early as 2011, Penghui Energy began to get involved in the field of energy storage batteries and became one of the first domestic companies to enter this field. The company's product business scope covers large-scale energy storage, household energy storage, communication base station energy storage, new energy vehicle power batteries, optical storage and smart charging, and consumer batteries. Penghui Energy currently provides products such as battery cells, PACKs, and battery clusters, which are widely used in power generation and grid energy storage, industrial and commercial user-side energy storage, UPS communication base station backup power, and household energy storage and portable energy storage. The company leads domestic energy storage battery shipments and has implemented multiple projects globally. Due to its profound technical accumulation and quick response service support, Penghui Energy has won a good reputation in the market, which has lasted for many years.

Penghui Energy officially released a new generation of energy storage cells on the first day of the 11th International Energy Storage Summit and Exhibition. Compared with the previous generation product, the 320Ah single capacity of the new generation battery cell has been increased by 14%, the system energy has been increased by 14%, the cycle life exceeds 8,000 times, and the service life can reach more than 20 years. Moreover, the battery performs well in low temperature environments and can meet storage requirements of -40℃ and discharge requirements of -30℃. The launch of this new generation of battery cells will further enhance Penghui Energy's competitiveness in the field of energy storage batteries and meet the market's demand for high-performance and high-reliability energy storage products.

Through this investment in the construction of Energy Storage No. 1 Project, Penghui Energy will further strengthen its position in the energy storage battery industry, promote the development of renewable energy and energy storage technology, and contribute to the sustainability of the clean energy field. make positive contributions to development. The construction of this project will inject new impetus into the energy storage battery industry in Shandong Province and even the country. It will also provide important support for the economic development and sustainable energy transformation of Chengyang District, Qingdao City.

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