In January 2026, there has been a surge of capital activity among 10 companies in the energy storage sector. Following the successful IPO of Gaote Electronics and the Hong Kong IPO plans of Yuanxin, the energy storage industry is witnessing an acceleration in capital movements. Notable companies such as Haier New Energy and Deye have recently made significant progress in their listing processes.
Haier New Energy recently held a signing ceremony for its Series B financing in Qingdao on January 16, where it secured over 1 billion yuan in funding from investors including Agricultural Bank of China Investment, China Merchants Bank, Luxin Venture Capital, and Shandong Energy Capital. Additionally, it has commenced preparations for its IPO. As a brand under Haier, Haier New Energy focuses on “green energy + energy storage + smart energy controllers,” prioritizing user experience. The company aims to provide comprehensive services for households and commercial users, integrating solar energy, energy storage system development, surveying, design, installation, and after-sales maintenance. Its three-step development strategy includes establishing distributed solar power stations, customizing multi-scenario solutions, and ultimately creating a smart energy management platform to deliver green, low-carbon energy solutions globally. Currently, Haier New Energy has expanded its operations from over 30 provinces in China to more than 50 countries and regions including Europe, Australia, Southeast Asia, South Asia, and Africa. During a recent energy storage conference, Vice General Manager Zhou Yi mentioned that as the boundaries of the new energy storage industry blur, valuable relationships and collaborative innovations will emerge. The company has also launched the E-Tower HV, a highly integrated home storage unit that enables quick installation in just 15 minutes and offers modular design options for versatile setups.
Deye made strides towards its Hong Kong IPO when it announced on January 16 that its first extraordinary shareholders’ meeting of 2026 approved several proposals related to issuing H-shares and listing on the Hong Kong Stock Exchange. This marks a significant step forward in the company’s plans to go public. Deye had previously announced its intentions to issue H-shares and list in Hong Kong back in November 2025. The IPO aims to boost global expansion, enhance international brand influence, and broaden financing avenues as the company continues to experience growth. Financial data indicates that Deye achieved a total revenue of 8.846 billion yuan in the first three quarters of 2025, reflecting a year-on-year increase of 10.36%, with a net profit of 2.347 billion yuan, a growth of 4.79%.
As of January 19, 2026, a total of 10 energy storage-related companies have updated their IPO progress. These companies cover key areas of the energy storage supply chain, primarily in three sectors: energy storage materials, energy storage batteries, and system integration. Notable firms include Putailai and Huasheng Lithium Battery in the materials sector, Penghui Energy, Yiwei Lithium Energy, and Gaote Electronics in the battery segment, as well as Haier New Energy, Deye, Yuanxin Energy, Chint Electric, and Wanbang Digital Energy in the system integration and application sectors. This trend underscores the strong desire of leading energy storage companies to leverage the capital markets for accelerated growth.
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