The Wave Energy Storage Dragon Head, valued at over 600 billion yuan, aims to accelerate the return of energy storage capabilities – September 20, 2025, 07:00
Starting in 2024, the German company intends to begin operations with a significant investment in energy storage. The company’s market valuation has already surpassed 600 billion yuan, marking a major milestone for its energy storage sector. One key indicator is that in 2024, the German company’s legal representative will transition to a new entity, which has already grown significantly, with the company’s staff and services expanding.
The new entity will focus on clean energy solutions, targeting a significant increase in capacity. To achieve this, the company will explore various avenues, including collaborations with major players in the energy sector. It is noteworthy that the energy storage business is expected to undergo substantial transformation as it seeks new partnerships.
As part of its strategy, the company has set a goal to enhance its energy storage capabilities to boost competitiveness in the market. In recent years, the company has transitioned towards clean energy solutions and has been actively involved in energy efficiency projects.
In 2022, the company’s market valuation reached approximately 1,082.85 billion yuan. This figure is a significant increase from the previous year’s valuation of around 800 billion yuan. The company has been focusing on energy storage technology and related industries, experiencing growth in both domestic and international markets.
Looking ahead, the company plans to continue its expansion in the clean energy sector, with a focus on increasing production capabilities. The goal is to enhance the efficiency and sustainability of its operations, thus ensuring a robust and competitive position in the energy market.
By 2025, the company aims to achieve a production capacity of 9 GWh annually, with plans for further expansion. This development is driven by increasing demand for energy storage solutions, as well as the company’s commitment to sustainable practices.
In summary, the German company is poised for significant growth in the energy storage industry, leveraging its extensive experience and innovative technology to meet the rising demand for clean energy solutions.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/wave-energy-surpasses-600-billion-yuan-as-demand-for-renewable-resources-grows-according-to-21st-century-economic-report/
