On July 25, Inovance Technology and Shuangdeng Co., Ltd. signed a strategic cooperation agreement. The two parties will deepen collaboration in energy storage technology innovation, market expansion, and ecosystem co-construction, helping China’s energy storage industry move towards high efficiency, intelligence, and globalization, and injecting strong impetus into the global green energy transition.
On July 25, Inovance Technology and Shuangdeng Co., Ltd. formally signed the strategic cooperation agreement at Inovance Technology’s Shenzhen headquarters building. The two parties will deepen collaboration focusing on energy storage technology innovation, market expansion, and ecosystem co-construction. This cooperation is based on technological complementarity, aiming to integrate Inovance Technology’s full-stack capabilities in energy control and power electronics with Shuangdeng’s leading advantages in battery systems and multi-scenario solutions, to jointly address the challenges of global energy transition.
Gao Wenbin, General Manager of Inovance Technology’s East China Energy OEM, and Tang Xiaosong, Vice President of Shuangdeng Co., Ltd., signed the agreement on behalf of both parties. Dr. Yang Rui, Chairman and President of Shuangdeng Co., Ltd., He Rong, Vice President and Chief Financial Officer, Zhu Xingming, Chairman and President of Inovance Technology, Wang Xiaoyu, General Manager of the Energy Storage Business Unit, and Wang Lei, General Manager of East China Wind & Storage, attended the ceremony and witnessed the signing.
Shuangdeng Co., Ltd. has been deeply engaged in the energy storage field for many years, focusing on three core scenarios: communication energy storage, data center energy storage, and new power energy storage. It has achieved a full industrial chain layout from 电芯 /batteries, system integration to intelligent operation and maintenance energy management. For years, it has ranked first in shipment volume among global suppliers of energy storage batteries for communications and data centers, providing efficient, safe, and sustainable energy storage solutions to global customers.
As a leading enterprise in China’s industrial automation and digital energy fields, Inovance Technology has always driven development through innovation. Through continuous high R&D investment, it maintains a leading position in industries such as energy control and power electronic technology. By the end of 2024, the cumulative shipment volume of Inovance Technology’s energy storage business had exceeded 18GW, covering multiple technical routes such as electrochemical, flywheel, and flow batteries. Its service scenarios cover over 90% of domestic provinces and regions, including thermal power frequency modulation, new energy supporting facilities, and microgrids, helping optimize the global energy structure with full-stack technical capabilities.
Strategic Upgrade: Multi-dimensional Collaboration to Build a New Industrial Ecosystem
According to the agreement, the two parties will deepen cooperation around two core directions: “technological collaborative innovation” and “two-way market empowerment”. This cooperation not only focuses on the integration of project resources but also aims to explore emerging models such as marketization of energy storage and power trading, and user-side “energy storage +”, providing safe and profit-oriented solutions for the industry. Relying on Shuangdeng Co., Ltd.’s rich experience accumulated in the R&D and production of energy storage batteries and system solutions, combined with Inovance Technology’s advantages in energy control and intelligent equipment, the two parties will work together to explore new growth points such as system integration and overseas expansion, setting a new benchmark for technological integration and industrial collaboration in the industry.
Currently, the energy storage industry is in a critical stage where rapid growth and in-depth transformation proceed in parallel. The strategic cooperation between Inovance Technology and Shuangdeng Co., Ltd. is not only a positive practice in responding to the country’s “dual carbon” goals and promoting energy structure transformation but also an important measure to build an open and win-win industrial ecosystem. In the future, the two parties will continue to deepen collaboration in technological innovation, market development, talent training, and other dimensions, helping China’s energy storage industry move towards high efficiency, intelligence, and globalization, and injecting strong impetus into the global green energy transition.
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