Powerfar’s Moves Of Innovation Reaped The Fruits In 2023

Powerfar's Moves Of Innovation Reaped The Fruits In 2023

Since early 2023, the Benrong New Energy has won two consecutive financial investments, which totaled at 32 million yuan by the end of August 2023 when it has completed all the angel round financing plans, as the pre-investment valuation of this company reached 280 million yuan. The vast majority of this funding will be allocated for the design and development of new product lines.

The Benrong group has outstanding performance in the integration of upstream and downstream resources. Earlier on this year, Benrong has reached a strategic cooperation with a large domestic automobile company, becoming the world’s first renewable energy company to apply blade batteries to home energy storage products.

Compared with the traditional lithium iron phosphate batteries used in the industry, blade batteries have the advantages of higher space utilization, energy densities and stronger safety levels. Berong’s application of blade batteries to the Shadow S home energy storage products is not only a pioneering act that enhances product competitiveness, but also played an important role in the building up of Benrong ecological chain of renewable energy.

During 2023, Benrong has successfully reformed its business sectors including the R&D, smart manufacturing and overseas sales channels. In addition, in terms of the marketing model, it is adopting the international e-commerce branding strategy, which highlights the applications scenarios for product differentiation, and thereby tries to strengthen the brand recognition in the mind of users.

As the international community is coordinating its efforts to achieve the carbon emission goals of “carbon peak” and “carbon neutrality” in the foreseeable future, the Benrong Group is currently focusing on the energy storage batteries within the renewable energy industry. It is endeavored to become a world leading green energy solutions provider. Just as Qiu Kaijian, the chairman of Benrong Group has commented, the group’s ultimate goal is to make renewable energy an indispensable companion of the everyday life of the human kind.

Green Energy Gradually Emerges Under Energy Crisis

The world is running out of power and the energy crisis is spreading.

In 2021, a once-in-a-century snowstorm swept across the United States. For a time, electricity prices in Texas, the "energy heart", soared, making it difficult for people to use electricity. Now, with the arrival of winter in the northern hemisphere, the "power shortage wave" is sweeping across again. Many countries are facing an urgent power supply situation, and green energy will highlight its advantages at this time. Will the energy crisis happen again?

The Washington Post reports that the United States will not have enough electricity to survive the summer heat wave. This would put the country at risk of widespread power outages. In the summer of 2022, power shortages in the Midwestern United States caused great losses to people's production and life.

The supply of traditional energy is tight and green energy is weak.

The reasons for the global power shortage are: first, the elimination of traditional power sources and insufficient new power sources. Second, the power grid facilities are seriously aging and have poor reliability. Third, climate change leads to frequent extreme weather events, affecting energy supply.

Data show that global coal-fired power generation reached a record high in 2022. Overall coal consumption was approximately 7.9 billion tons, a year-on-year increase of 6%. The IEA reports that as the economy recovers, global coal-fired power generation may reach a record high in 2022.

Corresponding to the ever-increasing energy demand is a limited supply. On the one hand, countries are competing to promote energy transformation, resulting in insufficient investment in traditional energy sources. On the other hand, affected by the Russia-Ukraine conflict, Russia's energy production and exports have dropped significantly.

It is worth mentioning that when traditional energy is in serious shortage, green energy is making great efforts. The energy and environment think tank Ember released the "Global Electricity Review" report stating that new energy has suddenly emerged. In 2022, the total global power generation from wind power and photovoltaics will exceed one-tenth, setting a new record.

However, despite the rapid development of green energy, it is still weak in the face of "power shortage". The 2022 edition of Tracking Sustainable Development Goal 7: Energy Progress Report shows that 733 million people have no electricity. And 2.4 billion people still cook with fuels that are harmful to health and the environment. However, by 2030, 670 million people will still have no access to electricity.

To make the world full of energy, Benrong New Energy faces the global energy pain points.

International energy risks are unpredictable, but Benrong New Energy integrates innovative research and development and intelligent manufacturing. Green power products focus on markets such as Europe, America, Australia, and Africa, benefiting more than 30 million users.

Faced with such a huge energy gap in the world, Benrong New Energy relies on its grand corporate vision. Not only promote high-end development, but also strengthen reform and innovation. Increase investment in green energy research and development. Strengthen research on cutting-edge green energy technologies. Promote the expansion of the green energy industry to the high end of the value chain.

In the future, the company will focus on hydrogen energy as its basis and fuel cells as its core. Seize the opportunities of new infrastructure and strengthen the integrated development of energy, Internet of Things, and big data. Promote the intelligence, informatization and interaction of energy systems. By acting as a storage of natural energy, we provide an overall solution for new energy life for all mankind.

With wisdom and dreams, our people stand at the forefront of the times and lead the world with innovation. Keep pace with the times, seek innovation and change, and jointly build a green economic belt and create world prosperity.