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BYD Energy Storage Launches Chess Plus for C&I Energy Storage in China
Globenewswire· 2025-03-30 16:23
Core Insights - BYD Energy Storage has launched its next-generation commercial and industrial energy storage system, Chess Plus, aimed at enhancing safety, efficiency, and profitability in a competitive market [1][7] Product Features - Chess Plus utilizes a cell-to-system (CTS) protection framework with "Thick Blade Battery" cells featuring ceramic terminals, which mitigate leakage risks and improve corrosion resistance [3] - The battery cells have undergone rigorous testing, including thermal runaway simulations and can withstand overcharge conditions of up to 260% [3] - The system includes a 2-hour fire-resistant battery casing and an integrated aerosol fire suppression system, with advanced thermal anomaly detection capabilities [3] - Chess Plus supports over 10,000 cycles, ensuring long-lasting performance, and features a dual-mode cooling system that reduces auxiliary power consumption by 20% [4] Technological Advancements - The system incorporates high-performance edge computing for real-time state of charge (SOC) optimization and fault prediction, with a modular architecture for stable operation [5] - AI-driven management tools enhance energy use optimization and return on investment (ROI) across various applications, including industrial parks and EV charging hubs [5] Market Position and Commitment - BYD Energy Storage emphasizes its 17 years of expertise in energy storage, with Chess Plus reflecting its commitment to sustainable innovation [6] - The previous C&I product demonstrated significant financial returns, generating $3 million annually with a payback period of three years [6] - As global industries shift towards green energy, Chess Plus is positioned to play a significant role in the market due to its stability and adaptability [7]
FLNC COURT NOTICE: Fluence Energy, Inc. has been Sued for Securities Fraud; Investors are Notified to Contact BFA Law before May 12 Legal Deadline
GlobeNewswire News Room· 2025-03-30 12:17
Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Company Overview - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage and power assets [3]. Allegations and Financial Performance - The lawsuit claims that Fluence Energy misrepresented its competitive position, sales pipeline, and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - On February 10, 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and subsequently lowered its revenue guidance for the fiscal year 2025 [6]. Market Reaction - Following the release of negative financial results and a report from Blue Orca Capital revealing legal issues with Siemens Energy, Fluence Energy's stock price declined by 46%, closing at $7.00 per share on February 11, 2025 [5][6].
Fluence Energy (FLNC) Faces Investor Scrutiny Over Accounting and Ongoing SEC Investigation, Securities Class Action Pending – Hagens Berman
GlobeNewswire News Room· 2025-03-28 17:38
Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding its financial performance and adherence to accounting standards during a specific class period [1][3]. Group 1: Lawsuit Details - The lawsuit, Abramov v. Fluence Energy, Inc., seeks to represent investors who purchased Fluence common stock between November 29, 2023, and February 10, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for May 12, 2025 [2]. Group 2: Financial Performance and Allegations - Fluence Energy reported a 49% year-over-year decline in quarterly revenue for Q1 2025, with net losses more than doubling [3]. - The company reduced its fiscal 2025 revenue projection by $600 million, attributing this to delayed contracts and ongoing SEC investigations into its financial practices [3][4]. - Following the poor financial announcement, Fluence shares dropped by $6.07, a 46% decrease, resulting in a loss of nearly $790 million in market capitalization in one day [4]. Group 3: Company Relationships and Investigations - The lawsuit highlights concerns regarding Fluence's relationships with Siemens and AES, its founding partners, and significant revenue sources [3][6]. - Siemens Energy has accused Fluence of fraud and engineering defects, suggesting that revenue growth and profit margins may have been artificially inflated as Siemens and AES prepared to divest [6].
FLNC REMINDER: Suffer Losses on Fluence Energy, Inc.? Contact BFA Law by May 12 Class Action Deadline
GlobeNewswire News Room· 2025-03-28 12:17
Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Company Overview - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage and power assets [3]. Allegations and Financial Performance - The lawsuit claims that Fluence Energy misrepresented its competitive position, sales pipeline, and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - On February 10, 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and subsequently lowered its revenue guidance for the year [6]. - Following the release of this financial information, Fluence Energy's stock price dropped 46%, closing at $7.00 per share on February 11, 2025 [6]. Legal Context - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, with investors having until May 12, 2025, to seek lead plaintiff status [2].
NeoVolta Anticipates Record Quarterly Sales, Surpassing $2 Million in Revenue – a Projected Increase of over 600% Year-over-Year
Globenewswire· 2025-03-27 12:45
Core Insights - NeoVolta Inc. anticipates record-breaking quarterly sales, with unaudited revenue expected to exceed $2 million, marking an increase of over 600% compared to the same period last year, driven by rising demand for sustainable home energy solutions [1][2] - The company's advanced energy storage systems are designed to reduce grid dependency, lower electricity costs, and maintain power during outages, reflecting a market shift towards renewable energy and energy independence [2] - A newly introduced product offering has seen early success, with demand exceeding expectations, indicating strong momentum ahead of a broader rollout planned for late spring [3] Company Performance - NeoVolta has experienced four consecutive quarters of sales growth, showcasing the strength of its technology and the accelerating market shift towards renewable energy [2] - The company has aggressively expanded into new markets over the past six months, resulting in increased adoption of its solutions by partners [4] - NeoVolta is positioned to capitalize on the growing energy storage market opportunity, with a focus on innovation and customer service [4] Future Outlook - The company plans to release its full financial results for the quarter in May 2025, which will provide further insights into its performance and market position [4]
ESIE 2025新品 | 星云股份最新升级大功率储能变流器及液流电池储能变流器解决方案即将亮相
中关村储能产业技术联盟· 2025-03-26 08:47
Core Viewpoint - The article highlights the upcoming 13th Energy Storage International Summit and Exhibition (ESIE 2025) scheduled for April 10-12, 2025, at the Capital International Exhibition Center, showcasing advancements in the energy storage industry and featuring key players like Fujian Xingyun Electronics Co., Ltd. [2][21] Company Overview - Fujian Xingyun Electronics Co., Ltd. specializes in the research, development, and production of lithium battery testing equipment, intelligent manufacturing solutions, energy storage inverters, charging piles, and battery swap cabinets. The company was established in 2005 and went public in 2017 with stock code 300648 [3][4]. Product and Technology Highlights - The company offers a diverse product line applicable to various sectors, including smartphones, laptops, electric vehicles, and energy storage. Recent focus areas include energy storage and charging solutions, providing products like energy storage inverters and smart energy management platforms [4][5]. - Xingyun's energy storage inverters cover a wide power range, including 100-215kW string inverters and 630-3450kW centralized inverters, designed for high efficiency and modular components, enhancing energy storage system capabilities [4][5]. - The latest high-power energy storage inverter and flow battery storage solutions will be showcased at ESIE 2025, aiming to support the industry's transition to the 6MW+ era [5]. Key Projects - Notable projects include the Hubei Jingmen Park energy storage project (73.6MW/150MWh), the Fujian Fuzhou Park energy storage project (10MW/20MWh), and the Shanxi Yuncheng flywheel + lithium battery frequency regulation energy storage project (50MW/50MWh) [15][17]. Event Details - ESIE 2025 will feature over 800 leading enterprises, 500 new product launches, and attract more than 200,000 professional visitors. The event will also host over 40 thematic forums with participation from 400+ core policymakers and industry experts [21][24].
1GWh!国投奇台县180万千瓦风光氢储一体化项目储能系统招标
中关村储能产业技术联盟· 2025-03-26 08:47
Core Viewpoint - The article discusses the procurement announcement for the energy storage system equipment for the National Investment Qitai County 1.8 million kilowatt wind-solar-hydrogen integrated project, highlighting the project's capacity and funding structure [1][2]. Group 1: Project Overview - The project is located in Qitai County, Changji Prefecture, and aims to construct a shared energy storage capacity of 250MW/1000MWh using lithium iron phosphate batteries [3][5]. - The procurement includes various components such as battery cabins, energy management systems (EMS), battery management systems (BMS), and related infrastructure [5]. Group 2: Funding and Procurement Details - The funding for the project is sourced from 20% self-raised funds and 80% bank loans [2]. - The procurement process is open for bids, with specific requirements for bidders, including independent legal status and financial stability [7][9]. Group 3: Bidder Qualifications - Bidders must have independent research and production capabilities for key components like EMS, PCS (power conversion system), and BMS, along with relevant certifications [8][9]. - Bidders should have a good financial status over the past three years and must not be listed as untrustworthy by relevant authorities [9][10]. Group 4: Bid Submission Process - The bidding process is conducted electronically, requiring bidders to register and submit their bids through the Changji Public Resource Trading Network [23][25]. - A bid security deposit of 500,000 yuan is required, and the submission period is specified [15][21]. Group 5: Event Announcement - The 13th International Energy Storage Summit and Exhibition (ESIE 2025) will take place from April 10 to 12, 2025, at the Capital International Exhibition Center, featuring over 800 leading companies and 500 new product launches [32].
100MW/300MWh用户侧储能项目开工!广州发展/广州储能/南网科技/上能电气/力神等出席
中关村储能产业技术联盟· 2025-03-25 07:53
Core Viewpoint - The article highlights the commencement of the Huiran Industrial Energy Storage Project, which is the largest user-side energy storage project in China, with a capacity of 100MW/300MWh and a total investment of 240 million yuan [2][4]. Group 1: Project Overview - The Huiran Industrial Energy Storage Project is being developed by Guangzhou Storage Group in collaboration with State Grid Technology Co., Ltd. and aims to provide energy-saving solutions for Jiangsu Huiran Industrial Co., Ltd. [4]. - The project will utilize 314Ah lithium iron phosphate cells and mainstream full liquid cooling technology, connecting to a newly built 220kV substation at a voltage level of 35kV [4]. Group 2: Environmental and Economic Impact - Upon completion, the project is expected to supply 2.6 billion kilowatt-hours of electricity over its lifecycle, reducing carbon emissions by 2.6 million tons and significantly enhancing regional renewable energy consumption [5]. - The project is projected to save the enterprise over 100 million yuan in electricity costs [5]. Group 3: Upcoming Events - The 13th International Energy Storage Summit and Exhibition (ESIE 2025) will take place from April 10 to 12, 2025, at the Capital International Exhibition Center, featuring over 800 leading companies and 500 new product launches [7]. - The exhibition will cover more than 160,000 square meters and is expected to attract over 200,000 professional visitors, with 40+ thematic forums planned [7][9].
华为AI最新布局!
21世纪经济报道· 2025-03-23 14:57
Core Viewpoint - Huawei has officially entered the "AI Intelligent Era," leveraging its "Kunpeng + Ascend" computing strategy to build a robust AI ecosystem and empower its products with AI capabilities [1] Group 1: AI Ecosystem and Hardware - Huawei reported that there are 300 million users generating content with AI daily, equating to one in five internet users engaging in AI creation [1] - The Ascend AI chip's performance has significantly improved, with a single card throughput increasing from 60 TPS to 320 TPS, enhancing AI inference efficiency by five times at the same cost [1] - Over 6,000 enterprises have joined Huawei's AI partnership network, indicating strong industry interest and collaboration [1] Group 2: Investment Opportunities - Three core investment themes have been identified: hardware layer (Ascend chip foundry, AI servers, high-speed connectors), software layer (integrators of large model all-in-one machines, heterogeneous computing scheduling system developers), and application layer (smart city services, industrial quality inspection) [2][3] - Morgan Stanley predicts that companies within Huawei's AI ecosystem will see an average revenue growth rate of 35%-50% over the next three years [4] Group 3: Green Energy Initiatives - Germany has approved a significant environmental investment plan, allocating €500 billion (approximately 3.8 trillion RMB) for green transformation, with €100 billion directly targeting the solar and energy storage industries [4] - The new German policy is expected to create substantial market opportunities for Chinese companies, with projected exports of solar components and energy storage systems to Germany reaching 80 billion RMB by 2025, growing at a compound annual growth rate of 45% [5]
FLNC CLASS ACTION NEWS: Lose Money on Fluence Energy, Inc.? Investors are Reminded to Contact BFA Law before May 12 Deadline (NASDAQ:FLNC)
Globenewswire· 2025-03-22 12:07
Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and certain senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, captioned Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Fluence Energy - Fluence Energy is accused of misrepresenting its sales pipeline and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - A report from Blue Orca Capital revealed that Siemens Energy, a major revenue source, filed a lawsuit against Fluence Energy for misrepresentations and fraud [5]. Group 3: Financial Performance - On February 10, 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year [6]. - Following the financial results announcement, Fluence Energy's stock price declined by 46%, closing at $7.00 per share on February 11, 2025 [6].