The Energy Storage Report 2024

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HOYPOWER commences construction of ESS manufacturing base


HOYPOWER has announced that it has officially commenced construction of a 10 GWh energy storage system manufacturing base in Lishui, China.

At a total investment of 8 billion yuan, the ambitious project is comprised of three sub-projects: a 2.45 billion yuan energy storage system integration base, a 4.65 billion yuan centralized PV power generation station and a 900 million yuan energy storage power station. The Lishui manufacturing project is a crucial part of the company’s ongoing strategic development planning, following the existing comprehensive industrial layout achieved with the backing of group resources, which includes PACK, BMS, EMS and PCS and covers all core equipment manufacturing apart from battery cells.

The new base will adopt cutting-edge design concepts and introduce intelligent manufacturing equipment, optimizing workshop layouts and processes with an emphasis on energy conservation and environmental protection.

Once operational, the project will contribute to Hoypower’s global expansion ambitions and enhance its overall international competitiveness, the increased manufacturing capacity for ESS enabling the company to satisfy demand from both domestic and overseas customers.

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