Zhejiang Airo Network Energy Technology Co., Ltd. Expands Product Line and Strengthens Market Position Amidst Renewable Energy Trends

Zhejiang Airo Network Energy Technology Co., Ltd. has been actively responding to market changes and maintaining its competitive edge by developing new product lines. These include commercial and industrial energy storage systems, micro-inverters, and high-power grid-connected inverters, designed for various applications. The company has mastered key technologies such as energy storage control, rapid grid connection power control, and seamless switching between grid-connected and off-grid systems. It has launched two product series, AELIO and TRENE, focusing on energy storage systems. The AELIO cabinets have a capacity range of 100 to 200 kWh and support microgrids and virtual power plants (VPPs), with precise smart monitoring ensuring exceptional performance in complex environments. The TRENE series cabinets offer scalability with options of 215 kWh and 261 kWh and can support up to 10 cabinets operating in parallel, allowing customers to build energy storage systems at the MWh level suitable for diverse environments. Both commercial energy storage cabinets feature high safety and intelligent management, providing stable and flexible energy support to meet diverse energy storage needs from commercial buildings to industrial parks.

During the reporting period, the development of new technologies, industries, business models, and future trends became evident. Renewable energy, represented by wind and solar power, exhibits characteristics of randomness, intermittency, and volatility. Energy storage systems play a crucial role by smoothing out power generation from renewable sources, enhancing their utilization rate and economic efficiency. As the global push for parity in solar power continues, market-oriented operational models are expected to drive the next phase of solar industry development, expanding applications from centralized solar power systems to distributed solar systems for commercial and residential use. In this context, integrated solar storage systems and diversified applications of energy storage will become core development directions for the solar and energy storage sectors in the coming years. In the field of commercial energy storage, some domestic provinces are experiencing significant benefits due to the price differences between peak and valley electricity rates, coupled with ongoing optimization of energy storage system costs, leading to rapid growth in commercial energy storage installations. By 2025, the market for distributed solar energy is expected to accelerate, with new distributed solar projects at voltage levels of 10 kV and above participating in the market at a set ratio, and existing projects gradually entering the market from July 1 onwards. The anticipated demand for energy storage to support distributed solar is expected to become a significant source of growth for the commercial energy storage market in 2025.

In Europe, policy guidance, price fluctuations, and technological advancements have shifted the market focus from residential to large-scale commercial applications, positioning it as a key growth area in the global energy storage industry. BloombergNEF predicts that European cumulative commercial energy storage projects will grow from 0.7 GW in 2020 to 8.8 GW by 2030. Large-scale commercial energy storage can better match the large-scale absorption of renewable energy, reduce energy costs, and enhance operational flexibility, making it increasingly essential amid Europe’s ongoing energy transition.

Since its inception, the company has prioritized core technologies and independent research and development, actively applying its research outcomes to products and accelerating product iterations. It has successfully developed various series of household energy storage inverters, energy storage batteries, grid-connected inverters, and commercial energy storage inverters, leading to mass production and market applications. As the applications of energy storage technology continue to expand, the company will deepen its focus on household energy storage technology and product development, while also exploring applications such as integrated solar energy, virtual power plants, and energy internet, further expanding its product lines to include energy storage units, large energy storage systems, commercial energy storage systems, and micro-inverters.

Looking to the future, several trends are emerging:

1. Solar power will become a primary trend in global energy utilization. The world is experiencing a third energy revolution, transitioning from fossil fuels to renewable energy. Governments around the world have reached a consensus on addressing climate change and achieving carbon neutrality. As the global energy transition accelerates, more countries are implementing policies and regulations to promote the rapid development of renewable energy, resulting in a yearly increase in the proportion of renewable energy generation. Solar energy is a vital component of renewable energy, with costs continuing to decline due to falling material prices and advancements in solar technology.
2. The rapid development of renewable energy such as solar power, coupled with ongoing advancements in energy storage technology, will expand market demand. In the context of low-carbon transitions, the share of renewable energy generation, particularly from solar and wind, is expected to increase rapidly. Currently, the grid’s peak-shaving capacity is insufficient, leading to absorption issues from wind and solar energy. Variability due to changes in weather and time of day creates challenges for stable energy supply. Renewable energy plus storage solutions can effectively address these issues, stabilizing output and enhancing grid integration capabilities.
3. The construction of smart grids and energy internet will bring new opportunities to the energy storage market. Smart grids are characterized by their high levels of information, automation, and interactivity, integrating power generation, transmission, distribution, usage, and scheduling across all voltage levels. The energy internet will enable bi-directional energy and information flow, enhancing overall grid efficiency and stability. The Ministry of Industry and Information Technology, along with several other departments, has outlined plans for new energy storage industries, focusing on applications spanning multiple sectors, including data centers and industrial parks.

In summary, the company is well-positioned to capitalize on the ongoing trends in the energy market, focusing on technology advancement, product development, and market expansion. The future growth of the energy storage market looks promising as these trends continue to evolve.