New quality productive forces | NHIZ boosts solar energy storage industry with key enterprises
In recent years, Nantong National High-Tech Industrial Development Zone has made significant strides in developing its solar energy storage industry.
Over the past three years, the zone has attracted more than ten major projects, with a total investment exceeding 10 billion yuan ($1.38 billion). This investment has helped establish a comprehensive industrial chain that includes photovoltaic materials, equipment and components, and energy storage systems, with each company contributing uniquely to the industry's growth.
One standout company in the zone is AlphaESS, which specializes in providing advanced distributed energy and storage products, as well as smart energy management solutions, to households, businesses, power grids, and electric utilities.
Founded by a talented team that settled in NHIZ in 2012, AlphaESS has evolved from a little-known startup to a nationally recognized "little giant" enterprise, known for its specialization and innovation. This transformation has been supported by financial aid and startup facilities provided by the zone.
The success of companies like AlphaESS has significantly boosted the solar energy storage sector within the zone. In 2023, the industry achieved taxable sales of over 7.7 billion yuan, marking an impressive 86.4 percent increase compared to the previous year. This makes it one of the most promising industries in the park.
The coordinated development of the diverse companies in NHIZ is paving the way for a robust and dynamic solar energy storage industry, positioning the zone as a key player in the renewable energy sector.
