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Pylontech Proposes 704 Million Euro Investment to Build an ESS Module R&D and Manufacturing Base with 10GWh Capacity2022.05.12

We are delighted to announce that Pylontech proposes 704 million Euro investment to build an ESS Module R&D and manufacturing base which can reach 10GWh capacity in Feixi county, Hefei city, China.

Hefei is the city where University of Chinese Academy of Sciences located in. We believe the leading edge of sciences and high technology in Hefei will be the soil for the development and growth of Pylontech’s R&D on ESS module.

The framework agreement was signed between Pylontech with Feixi government on 10th, May. On such a basis, we are aiming for annual energy storage deployments of 12GWh by 2024 after first 5 GWh new production released in Hefei.

BloombergNEF reckons that the entire global energy storage market will reach up to 58GW/178GWh in 2030, five times more than the record capacity installed in 2021 (10GW/22GWh). There are huge opportunities of energy storage over the next decade, spurring the transition to more sustainable energy.

We Pylontech, as one of the world’s leading providers of Energy Storage System (ESS) solutions, is stepping up overall planning to be the booster of this process. We feel a deep responsibility to keep innovating and to continuously liberate people’s energy in sustainable ways!

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