Shuangdeng Group, a globally-leading energy storage system manufacturer in Jiangyan district of Taizhou, recently completed the first phase of its 10GWh intelligent energy storage system production project. The second phase of the project is set to commence construction in the latter half of 2024.
Shuangdeng Group is a globally-leading energy storage system manufacturer in Jiangyan district. [Photo/WeChat account: jyrmzf]
Manufacturing lithium batteries and energy storage systems, the project will effectively mitigate the impact of climate, altitude, and other factors on energy storage functions. This will put the company at the forefront among Chinese companies in terms of shipment volume in the energy storage market for communication base stations and data centers, solidifying the group's position as a global leader in this field.
With a planned total investment of 1 billion yuan ($140.1 million), the project is expected to generate 2 billion yuan in sales at full production.