Narada Won the China Energy Storage Industry Grand Slam in 2017

Energy Press Releases Wednesday April 18, 2018 15:33
HANGZHOU, China--18 Apr--PRNewswire/InfoQuest

On April 3, 2018, CNESA (China Energy Storage Alliance) released the "Energy Storage Industry Research White Paper 2018", the installed capacity and energy scale of the projects Narada built ranks in the Top 3 worldwide for the 2017 electrochemical energy storage projects and the power scale ranks in the Top 5 worldwide.

Narada ranked first in terms of installed capacity, power scale and energy scale in the operated energy storage projects added in China in 2017 becoming the leader of electrochemical energy storage technology and system provider.

The White Paper systemized and updated the latest news of the energy storage projects, market, factory owners, technology, and policy worldwide. It also provided a predication of development trends for the domestic and international energy storage markets.

With the development of the global renewable energy industry, the importance of energy storage and energy structure has emerged. The commercialization of energy storage ushered in a broad area for development.

Narada has clarified that the application of electrochemical energy storage was mature in terms of scale, safety, and economy through long-explored and formed mass application. By the end of 2017, the total contracted capacity of Narada's energy storage power station has exceeded 2000MWh, and the scale of operation has exceeded 300MWh, which makes Narada one of the leading suppliers of energy storage systems in the world.

In the past two years, Narada has led the revolution of commercial energy storage and driven China to become one of the most active countries in the energy storage industry.

The investment of energy storage industry is expected to reach trillions of yuan in the next decade, which makes the energy storage industry an expanding industry. And the market growth space will exceed one hundred billion yuan in the next five years.

Based on the existing complete industrial chain, Narada will continue to innovate the existing technology, expand the cost advantage, and promote project expansion more quickly, to become the most promising energy provider.

Photo -
Caption: 2017 Global Energy Storage Ranking
Photo -
Caption: 2017 China Energy Storage Ranking

Latest Press Release

Mainstream Renewable Power Secures EUR90 Million Trade Finance Facility

Mainstream Renewable Power, the leading global developer of wind and solar power plants, has today announced the closure of a new EUR90 million Trade Finance Facility with DNB and HSBC. The agreement represents one of the largest corporate debt raises in...

Risen Energy#s steadfast expansion to the global solar market

Brazilian market research firm Greener recently released the results of a report on the strategic markets for solar PV power generation during the second half of 2018. Over a one-month period, Greener conducted an extensive survey of PV solution...

YORK(R) YZ Magnetic Bearing Centrifugal Chiller expands capacity range

Johnson Controls has extended the capacity range of its award-winning YORK(R) YZ Magnetic Bearing Centrifugal Chiller to include chillers beyond 1,000 tons (3,516 kW), now up to 1,350 tons (4747 kW) of refrigeration. In early 2018, the YORK(R) YZ...

Sphera Acquires Petrotechnics to Enhance End-to-End Operational Risk Solution

Sphera Solutions Acquires Petrotechnics and Provides a Complete End-to-End Operational Risk Solution Sphera, the largest global provider of Integrated Risk Management software and information services with a focus on Operational Risk, Environmental...

Photo Release: PTTEP and PEPOV enter into an MOU for EP Collaboration

Representatives from the Management and team members of PTT Exploration and Production Public Company Limited (PTTEP) and PETRONAS (E&P) Overseas Ventures Sdn. Bhd. (PEPOV), a subsidiary of PETRONAS, witnessed the signing of a Memorandum of...

Related Topics