Shenzhen, China - October 24, 2024 - Hopewind has achieved a significant milestone in the power conversion system sector, securing a position among the top five manufacturers in China's PCS installed power capacity, as outlined in the "2024 Mid-Year Electrochemical Energy Storage Station Industry Statistics" report jointly released by the China Electricity Council and the National Electrochemical Energy Storage Station Safety Monitoring Information Platform.
Growth and Expansion
The report highlights a consistent growth pattern in electrochemical energy storage, with new installations spanning 20 provinces in China, covering a wide array of applications across the grid, power generation, and consumer sides. In 2024, Hopewind continued to make significant strides on the grid side, generation side, and consumer side, achieving outstanding performance and applications worldwide, contributing to global energy transition efforts.
Innovative Solutions
Hopewind's contributions to wind and solar storage projects have been instrumental, with the company supporting the seamless deployment of various projects, including those in challenging environments.
Notably, on the grid side, Hopewind has supported the successful operation of several hundred-megawatt independent energy storage stations, breaking through coastal and offshore application scenarios. This includes facilitating the successful grid connection of Zhejiang Province's first tidal-flat energy storage station in China.
On the generation side, Hopewind has supported numerous wind and solar storage projects, including those with over 100-unit renewable energy storage projects and applications in high-altitude and harsh environments like deserts. Hopewind's PCS technology is efficient and reliable, maintaining stable long-term operations at various sites.
On the consumer side, Hopewind has achieved significant applications in commercial and industrial storage projects. The PCS, equipped with an energy management system and cloud platform solution, offers functions such as peak-valley arbitrage, demand management, anti-backflow, demand-side response, and remote scheduling, assisting enterprises in jointly building a smart grid. Additionally, Hopewind's new 2.5MW PCS has achieved GW-level mass shipments.
The 1500V String Power Conversion System, a high-efficiency, next-generation solution designed for energy storage and conversion applications, has successfully attained IEC 62477, IEC 61000, and EN 50549 certifications and is now available for sale in international markets. With its compact size and high power density, this product maximizes space utilization while delivering superior performance, making it an ideal choice for large-scale renewable energy projects and industrial applications.
Future Outlook
Looking ahead, Hopewind remains dedicated to innovation, aiming to further refine its product offerings and technological solutions to drive the development and application of cutting-edge energy storage systems.
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About Hopewind
Hopewind was established in 2007 and listed on the Shanghai Stock Exchange in 2017. The company specializes in designing and producing renewable and electrical solutions, including wind power converters, PV inverters, BESS, and industry drives.
As a pioneer in technical innovations, Hopewind participated in the scientific research project Wingrid supported by the EU Horizon 2020 through the DNV Netherlands Laboratory. In 2023, Hopewind’s wind power converter received the world's first grid-forming certificate issued by DNV. Hopewind has also been recognized by Bloomberg New Energy Finance as a Tier 1 inverter maker.
Hopewind Ranks Among Top Five Manufacturers in China's PCS Installed Power Capacity
The company has shipped over 150GW of renewable energy products worldwide.
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