2023, Guorun Energy Storage successfully completed nearly 200 million RMB A round of financing.
This round of financing is jointly invested by Shanxi Listed Multiplier Fund (Shanzheng Investment), Lianchuang Capital, yuanneng Capital, Zhengwei Capital, Tielin Capital and Chengmei Capital, mainly for product research and development, capacity expansion, market expansion and talent team building. Founded in June 2020
, Guorun Energy Storage is the only high-tech enterprise in China with comprehensive layout of all-vanadium flow battery equipment manufacturing and core diaphragm material production of flow battery. The company has built an international leading automatic production line with an annual output of 100,000 square meters of perfluorinated ionic membrane and an intelligent production line with an annual output of 100MW all-vanadium redox flow battery, with a complete industrial layout and a series of mature integrated energy storage solutions. At present, the company has built a number of all-vanadium redox flow battery energy storage projects, covering many application scenarios such as park-level energy storage, industrial and commercial energy storage, UPS standby power supply, household side, independent energy storage power station, and the core competitiveness of the market continues to improve.
In 2022, Guorun Energy Storage successfully won the bid for CNNC Huineng's 1GWh all-vanadium redox flow battery energy storage system collection project; in 2023, Guorun Energy Storage won the bid for the State Power Investment Corporation's 45MW/90MWh energy storage power station in Yingxian County, Shanxi Province, and won the Shuozhou Zero Carbon Airport and other energy storage projects, with orders exceeding 200 million yuan. In just two years, Guorun Energy Storage has become the first domestic energy storage solution provider. Dr. Meng Qing, founder
of Guorun Energy Storage, said: At present, the state's support for the development direction of energy storage is very clear. Energy storage industry is an important path to achieve the goal of carbon peak and carbon neutralization, and also an important supporting technology to support a high proportion of new energy access to the grid; Guorun Energy Storage, as the only high-tech enterprise in China with comprehensive layout of all-vanadium flow battery equipment manufacturing and production of core diaphragm materials for flow batteries, will continue to devote itself to tackling key technical problems and industrial development in the industry, and continue to promote the process of reducing the cost of all-vanadium flow battery energy storage system and the localization of core materials, so as to build an international first-class energy storage enterprise. To provide strong support for the high-quality development of resource-based economy. Liu Runzhao, chairman
of Shanzheng Investment, said: Carrying out the pilot comprehensive reform of the energy revolution is a major mission entrusted to Shanxi by General Secretary Xi Jinping, and is a major issue related to Shanxi's high-quality development and modernization. In the process of continuously deepening the pilot project of comprehensive reform of energy revolution and striving to be the leader of the national energy revolution, Shanxi has a huge space for energy storage market. As the manager of Shanxi's listed multiplier fund, Shanzheng Investment will resolutely implement the strategic measures of the provincial government of the provincial Party committee, cultivate the main body of Shanxi's listing, and provide strong financial support for Shanxi's local enterprises with solid technical accumulation and excellent management team represented by Guorun Energy Storage, so as to make them grow rapidly into leading enterprises in the industry. It will make positive contributions to the transformation, upgrading and high-quality development of China's energy manufacturing industry! Song Yu, managing director
of Lianchuang Capital, said: With the further improvement of the utilization rate of green energy, the demand for long-term distribution and storage is also growing explosively. The technology of all-vanadium redox flow battery is relatively mature in the long-term distribution and storage scheme, forming an indispensable sector of the energy storage industry in terms of safety, cost-effectiveness and other dimensions. Lianchuang is optimistic about the overall independent R & D capability and project delivery capability of Guorun Energy Storage Mengqing Team from diaphragm to stack and battery. With the further improvement of wind and solar energy utilization in the next few years, Guorun Energy Storage will play an increasingly important supporting role in the field of energy storage.
This round of financing is the second large-scale financing completed by the company after the completion of over 50 million angel rounds of financing in 2022, which fully demonstrates the high recognition of the capital market for the company's technology, R & D, team and market expansion capabilities. Guorun Energy Storage will take this opportunity to continue to strengthen technological innovation and application in the field of liquid flow energy storage, devote itself to providing customers with safer, more stable and more efficient energy storage products and solutions, and make positive contributions to the development of the energy storage industry and the realization of the goal of double carbon!
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