On 9th Jan 2017, Narada has signed a strategic cooperation agreement with China Construction Bank corporation (Zhejiang branch), about fund establishment for Narada storage projects, with purpose of their construction and operation. Since beginning of 2016, Narada has accelerated the commercialization on its storage projects by unique business model of investment + operation, with continuous new system solutions as well as expansion of target clients and market applications. So far, a lot of signed projects have been put into construction and operation.

Signature ceremony for cooperation agreement

The fund will be directly invested into construction of storage projects, with initial amount of 5 billion RMB (about 727 million USD dollars). Meanwhile, the decision-making committee will be setup for procedure of investment: project approval, project execution, and capital exit, whose membership will be decided by every investor after joint-consultation. The prior investors will get cashing payment according to the yield rate. The expired project fund can exit by means of procurement, asset securitization or acquisition by listed companies.

The foundation could meet requirement of project construction for Narada in following two to three years, and would be helpful to accelerate market development and expansion in commercialization of storage projects. Narada shall be benefit from the foundation to bring more profit from business performance of future storage projects.

On August 30^th, 2016, a large-scale Battery Energy Storage System (1^st Phase: 1.5MW/12MWh) which was designed and constructed by Narada Power for a Chinese silicon industry company has successfully been put into service. It is the first commercialized Battery Energy Storage System (BESS) in China.

 

In this project, Narada has been acted as an EPC to provide overall design, procurement, construction and system integration service, and the project is finally put into service after 8 months construction and commissioning. Narada has also been engaged to provide a series of services including electricity consumption management, operation and maintenance afterwards. The completion of this project marked that Narada has the leading position in commercialization of energy storage power station, especially in Battery Energy Storage System (BESS).

▲The 1^st commercialized BESS in China. Designed and constructed by Narada Power
(1^st Phase Completed: 1.5MW/12MWh)

The Energy Storage System (ESS) is one of the key technologies applies to Smart Grid, Distributed Generation, Renewable Energy Integration, Micro-grid, as well as development of Electric Vehicles. In large-scale renewable power generation, ESS is applied to peak-shaving to smooth the variable and intermittent power output; In the side of “behind-the-meter”, ESS can be used to improve reliability of electricity provision by shifting peak demand to off-peak period, which has changed the mode of traditional power system, and it has efficiently decreased the peak capacity of generators and increased the utilization of generators; In the side of Transmission and Distribution lines, ESS has largely improved the acceptance ability of renewables integration, and it has facilitated the renewables development and utilization intensively.

 

Being the leader in Energy Storage industry, Narada has made a quantum leap in Lithium Ion technology, Advanced Lead Carbon technology, BESS solution innovation and marketing development. Narada products and solutions have been widely applied to demonstration and commercialized projects in both domestic and oversea markets, and their reliability and economic feasibility have been fully verified.

 

By the end of 2016, Narada has already completed and contracted BESS for over 800MWh totally, and mainly applying to peak-shaving for enterprise application, frequency regulation for utility-scale, as well as renewable energy integration. Projects are deployed in many different markets, i.e. China, India, Canada, Singapore, Indonesia, Pakistan, etc.

 

Besides of the first commercialized BESS mentioned above, Narada is now working on the largest BESS for industrial park in China, with total 15MW/120MWh installation capacity, that helps to save around 32.4 million RMB annually in power consumption for the industrial park. On the other hand, Narada also provides storage system of frequency regulation for both solar farm in Canada and Indian national grid.

 

In the future, on the basis of continuous reduction of cost per kWh, Narada will keep carrying forward the novel business model “Investment + Operation” in BESS commercialization, and Narada will contribute to sustainable development of energy for the whole world by continuous innovation, technology improvement, platform construction for Energy Internet, and commercialization of smart energy.

Recently, the 2016 Future of Energy APAC Summit, organized by Global Energy Interconnection Development and Cooperation Organization and Bloomberg New Energy Finance, was convened on the future of energy, covering three themes: trade, technology, and the transition to a lower-carbon energy system over two days of discussion, debate, and discovery in Shanghai. More than 400 representives from international organizations, government agencies, universities, research institutes and enterprises, participated in this pageant.

2016 Future of Energy APAC Summit was held in Shanghai.

In the same period, the summit set up 8 main forums-“Future Energy Outlook”, “Asia Energy Interconnection”, “Chinese Energy Transformation”, “Profit Model of PV Solar Enterprises”, “Auto Industry Outlook”, “Financing of Asia Renewable Energy “, “PV Innovation – Frontline Green Revolution” “Energy Storage and Battery “, as well as 9 sub-forums; and also held a number of sharing sessions, released the research reports.

Panel Discussion

On the second day of the summit, the organizer invited industry experts and related manufacturers to participate in round-table discussions on energy storage and battery-related issues. Mr. Wu Hanqing, General Manager of Overseas Market and EPC Engineering Division, was invited to participate in the discussion. Attendees discussed about the present status and future policy outlook of Chinese energy storage industry and the current energy storage technologies, such as lead carbon battery technology, lithium battery technology.

Mr.WuHanqing, GM of Narada Overseas, participate in the thematic roundtable discussion.

Mr.Wu Hanqing, General Manager of Overseas and EPC Engineering Division,shared Narada’s progress in the commercial application of energy storage and talked about the main business opportunities in global energy storage market, such as peak regulation, home Energy storage, industrial and commercial energy storage, renewable energy connected-grid, reducing abandoned air and discarded light, micro-grid and etc.In addition to the existing subsidies mechanism for household/commercial energy solutions, Mr.Wu also shared more economic benefits and business models, which attracted the attention and praise from the audience.

Mr. Wu spoke at the sub-forum on Energy Storage & Batteries.

The Future Energy Summit was founded by Bloomberg in 2008 and has ever been held in New York, London and Shanghai. 2016 Future of Energy APAC Summit aims to promote the “Global Energy Internet” concept at a higher level and a wider range of dissemination, seize the opportunities of “the Belt and Road Initiative” to promote interconnection of regional internet in Asia as well as global infrastructure, which are fit for Narada’s vision of “building energy Internet platform”. In the future, Narada will make full use of opportunities to promote energy Internet solutions at home and abroad to provide comprehensive solutions and operation services for the Global Smart Energy.

With support of the Victoria Government, the Australian Clean Energy Council and Australian Power Grid Companies, the 7th Australian Energy Conference was inaugurated in Melbourne Pullman Hotel on October 11^th, 2016.

 

As the most influential summit of the energy storage industry in Australia, the two-days conference brought together more than 200 energy storage distributors, integrators, battery manufacturers, inverter manufacturers, as well as Australian local governments, power grid companies, associations and research institutions and the media from Australia and China.

Mr. Wu addressed a speech on Lead-Carbon Systems

Mr. Wu Hanqing, General Manager of Narada Overseas Division, gave a thematic presentation on lead-carbon storage system. He gave a comprehensive introduction to the research and development of Narada lead carbon battery, the achievements of technological innovation, and the recognition of international advanced lead-acid battery association. Narada creates a brand new business model of “investment plus operations” with the cost-effective lead-carbon systems in the energy storage industry, leading the development trend of the industry.

He said, as one of China’s outstanding energy storage enterprises, Narada must take up the responsibility to create a global green environment, inspire every energy storage user by the high-performance long-life low-cost products and solutions as well as meticulous service, and spread ideas of environmental protection farther and longer.

 Panel Discussion

The theme of Day Two conference was “Case and Application”. Under the guidance of Owen LOCK, speakers from famous energy storage enterprises around the world shared their successful experiences and application cases.

During round-table discussion session, abundant topics and more intense discussions made the site atmosphere particularly warm. Mr. Wu expound Narada’s cognition and prospects for the Australian energy storage market from the perspective of a battery manufacturer, and express Narada’s future strategic direction and the main initiatives of household energy storage market.

Narada participated in the pannel discussion on site

Awards

Subsequently, the forum organizers specifically awarded the industry forerunners in the Australian energy storage market, to express their efforts in this year. Narada, with outstanding performance in Australia’s household energy storage market, ultimately won the most important title – “The Best Energy Storage System Supplier”, which also reflects Narada’s influence and appeals in Australian household energy storage users’ mind.

Narada was awarded “The Best Energy Storage System Supplier”

This award marks Narada’s important status in the overseas emerging industries markets and higher acceptance and recognition by our professional-grade users. Narada will take this opportunity to make the greatest contribution to the sustainable development of the global energy storage industry!

China’s deployment of energy storage looks set to continue an upward trajectory, with almost 600MW in the pipeline as of the third quarter this year.

According to figures released by the China Energy Storage Alliance (CNESA), 14 new projects were announced in Q3 2016 totalling 587MW. This includes projects that are in planning stages, under construction and that have gone online in the quarter. This appears to represent a significant boost to the sector, and is a vast 586% increase on the same period of last year. Up until the beginning of the quarter, CNESA found, 170.6MW of energy storage was in operation in the country.

The bulk of this large figure is contributed by a single project, a touted 400MW supercapacitor storage station with storage duration of four hours in Guazhou County, in the northern Gansu province, a couple of hundred kilometres south of the border with Mongolia. This project will be used to demonstrate the use of storage in preventing wind power capacity curtailment on a microgrid. The project, by Shidai Jiahua Co, requires US$680 million in investment and has an expected payback time of 16 to 18 years.

There was also a 160MW local government project in Inner Mongolia, another microgrid to be used for renewables integration. The local authority of Xilin Gol, one of Inner Mongolia’s 12 sub-divided regions, is keen to trial retail sales of electricity from independent suppliers and this project represents a major step forward in this regard.

While these two huge projects are in northwestern regions of China, Jiangsu in the east will get some significant new projects including a 1.5MW/12MWh project from partners including battery maker Narada Power, inverter maker Sungrow and project developer GCL Power, which is an arm of one of China’s biggest PV groups, GCL Poly. Narada Power was also involved in a 15MW/120MWh project in Jiangsu’s Wuxi City Xingzhou Industrial Park.

Overall, renewables integration appears to be the biggest application driver for energy storage in China, as seen in the diagram below. While big announcements were plentiful, only 1.5MW of storage actually came online in Q3, which was nonetheless a 50% increase on the same period of 2015.

Regional reforms, big factories and major investments

CNESA also reported that there have been several rounds of regional-level reforms including the establishment of electricity trading centres, the approval of various reform plans by the National Energy Administration and the start of development of power trading markets in various regions.

There was also major news in terms of production centres for energy storage technologies with Sungrow’s partnership with Samsung SDI expected to reach 100MWh production capacity this year and 500MWh next year. GCL Integrators is also building a large facility, a 500MWh battery factory. GCL is investing US$13 million in that plant.

In terms of significant investments in energy storage reported on by CNESA, Shanghai Electric Power has committed to investing US$870 million in the next three years on 100 to 200 energy storage projects in Wuxi, Jiangsu province. The company will make an even bigger investment in Hubei province, central China, putting in US$4.3 billion for more than 1,000 storage projects over the next five years. Meanwhile lithium-ion battery maker Zhuhai Yinlong Co. was purchased by appliances manufacturer Gree for US$1.8 billion.

A few days ago, trading time from CCTV finance channel has made an interview in Narada, and they entered into the production basement of lithium battery for filming on a production process of Lithium Iron Phosphate and ternary lithium battery, also for exploration into current status and prospect. Narada president Mr. Chen. Bo and board secretary Mrs. Wang Yingjiao have accepted the interview.

 

 

 

 

 

 

The lithium industry has been developed so fast in this year, attracted a lot of investment and attention. As long as attention increased in this industry, trading time from CCTV finance channel has made a deep interview in many sections of lithium production, such as raw material provision, manufacturing process, supply chain…etc.

On 14th July, the undersecretary of China Ministry of Science and Technology, Mr. Wang Zhigang has visited Narada for survey and investigation, together with other important leaders of Zhejiang province, accompanied by the president of Narada power source, Mr. Chen Bo through the full itinerary guides.

                                                                   ▲The undersecretary arrives at Narada

Undersecretary Wang has visited the product exhibition center, national technology center as well as PV-storage integrated microgrid station at Narada, deeply impressed by many cutting-edge innovations here, such as advanced lead-carbon battery, high power lithium ion battery, fuel-cell, pioneered high-temperature battery for energy conservation, smart control center of micro-grid, brand-new business model for energy storage…etc.

Undersecretary Wang appreciated very much about the business model of “investment + operation” initially invented by Narada in storage industry, which provided energy solution at customers’ side and contributed a lot to global commercialization for energy storage.

President Chen. Bo reported to undersecretary Wang about development status and self-innovations of Narada in the new energy field as well as the scientific R&D achievements in three major fields of telecom, motive power and energy storage, aroused great invest from the visiting group.

                                                                       ▲Visit on exhibition center of Narada

It is also highly recognized by undersecretary Wang that Narada is now striving to become a leader of the systematic solution for motive power of an electrical vehicle, energy storage of smart micro-grid, back-up power of global information technology.

Undersecretary Wang fully approved the achievement of Narada in innovation, development and encouraged Narada to continue investment in order to develop a good model for National high-technology.

He also emphasized that science and technology is a key factor of transformation and upgrading in industry, and innovation is important to improve industry chain.

                                                    ▲Visit on Narada integrated storage station for micro-grid

The visit of Undersecretary Wang greatly inspired the confidence of Narada in process of industrial transformation and upgrading, as well as technology innovation in future. Narada will for sure increase investment on scientific innovation continuously, so as to explore a comprehensive solution for smart energy, and to promote the industry of new energy.

Narada received a Green product certification award with SGBP Rating of “Very Good” for HTB, REXC and ICS series from SGBC Singapore Green Building Council on 1st June 2016 during Narada partner and appreciation dinner.

The Singapore Green Building Product (SGBP) labelling scheme is widely recognised for it’s holistic and comprehensive approach towards sustainability criteria, drafted by professionals and experts put together by the Singapore Green Building Council (SGBC) for the industry, by the industry. This grounded methodology enables building products to be impartially evaluated for their relevant, noteworthy qualities, benchmarked against similar products in its category. As a direct result of this emphasis on industrial applicability,the SGBP labelling scheme is recognised under the Building and Construction Authority’s (BCA) Green Mark Scheme, allowing certified products to accrue additional points that count towards a project’s eventual rating.