Core Viewpoint - The article highlights the innovative energy storage solutions presented by Haicheng Energy at the RE+ 2025 event, focusing on the integration of sodium-ion and lithium-ion batteries to address the energy challenges faced by AI data centers [2][3][5]. Group 1: Energy Storage Solutions - Haicheng Energy introduced the AI Data Center (AIDC) energy storage solution, which includes the ∞Power 6.25MWh 8h lithium battery system and the ∞Power N2.28MWh 1h sodium battery system, aimed at providing stable energy support and rapid response to power fluctuations [2][5]. - The AIDC storage system features a specialized lifespan assessment model that offers more accurate predictions of energy storage system degradation compared to general lifespan models, ensuring better performance guarantees for clients [5][12]. Group 2: Safety and Testing - During the RE+ 2025 event, Haicheng Energy showcased the global first open-door combustion test of the ∞Block 5MWh storage system, validating its safety capabilities under extreme conditions with the involvement of international certification bodies [8][11]. - The company plans to conduct similar rigorous testing in the U.S. to demonstrate its commitment to safety and transparency in energy storage technology [11]. Group 3: Market Expansion and Partnerships - Haicheng Energy signed a cooperation agreement with Microgrid Networks LLC to provide comprehensive solutions for 10 energy storage projects in New York, totaling 55MW/290MWh, marking a significant step in its North American market strategy [12][14]. - The company has established a localized manufacturing and service network in the U.S., enhancing its ability to meet diverse customer needs and ensuring long-term operational stability [15]. Group 4: Industry Position and Future Outlook - Haicheng Energy has achieved a top 2 position in global energy storage battery shipments and power storage shipments in the first half of 2025, setting a new benchmark for high-quality development in the energy storage industry [14][15]. - The launch of the AIDC energy storage solution signifies Haicheng Energy's strong capabilities in technological innovation and customized solutions, paving the way for new applications in energy storage and supporting the transition to a greener and more efficient future [15].

Core Viewpoint - The article highlights the rapid growth and success of Hai Chen Energy in the global energy storage battery market, achieving over 100GWh in cumulative shipments within just five years, positioning itself as a leading player in the industry [2][3][6]. Company Overview - Hai Chen Energy was founded in late 2019 and focuses on manufacturing and selling energy storage batteries and systems, providing comprehensive energy storage solutions [2][6]. - The company is projected to achieve nearly 13 billion yuan in revenue by 2024 and has consistently ranked among the top three global energy storage battery suppliers [2][8]. Industry Context - The energy storage industry has seen intense competition, with many companies struggling due to overcapacity and price wars, leading to a challenging operating environment [5][6]. - Despite the industry's challenges, Hai Chen Energy has differentiated itself through high product quality, strong customer reputation, and technological innovation, avoiding the pitfalls of low-cost competition [5][6][8]. Growth and Achievements - Hai Chen Energy announced its cumulative shipment of over 100GWh on August 22, marking a significant milestone in a competitive market [3][6]. - The company has focused on high-quality, long-life, and high-efficiency products, gaining market recognition and establishing a strong brand reputation for "Hai Chen Quality" [5][6][8]. - By 2025, the company has reached the second position in global energy storage battery shipments, with a significant increase in market share [8][10]. Technological Innovation - Hai Chen Energy has invested heavily in research and development, focusing on advanced technologies such as long-duration storage and sodium-ion batteries, which are critical for meeting future energy demands [6][22][23]. - The company has developed a range of innovative products, including the 1175Ah long-duration storage battery and the N162Ah sodium-ion storage battery, set for mass production and global delivery [23]. Market Trends - The article notes a shift in the energy market towards high-quality, innovative solutions as the industry moves away from low-cost competition, emphasizing the importance of reliability and service [18][19]. - The demand for long-duration energy storage is expected to grow significantly, with projections indicating a market potential exceeding 900GWh in the next five years [22][23].

Core Insights - Haicheng Energy has achieved a significant milestone by ranking Top 2 in both global energy storage battery shipments and global power storage shipments for the first half of 2025, reflecting its strong customized solutions and efficient global delivery capabilities [1][4][6] Industry Overview - According to InfoLink, the global energy storage cell shipment volume reached 240.21 GWh in the first half of 2025, marking a year-on-year increase of 106.1%. The second quarter alone saw shipments of 136.78 GWh, surpassing the previous record set in Q4 2024 [3] Company Capabilities - Haicheng Energy focuses on the energy storage sector and has developed a comprehensive global capability that spans material systems, product systems, system integration, and full-site services. This enables the company to provide customized integrated solutions for various scenarios, including extreme environments [4][6] - The company has successfully validated its customized solutions in diverse conditions, becoming a key partner in numerous benchmark projects, including large-scale clean energy bases and independent shared storage projects across China, the U.S., and Europe [4][6] Technological Innovation - Haicheng Energy has made significant technological advancements, including the launch of the industry’s first 1,175Ah long-duration energy storage battery in 2023, designed for scenarios requiring over 4 hours of storage. In 2024, it introduced a 587Ah high-capacity battery for 2-hour scenarios, optimizing safety, performance, and cost [6] - As of July 2025, the company has filed over 4,000 global patent applications, establishing a robust technological protection network that supports its competitive edge and global project implementation [6] Future Outlook - Moving forward, Haicheng Energy will continue to focus on the energy storage sector, driven by technological innovation and global strategic expansion. The company aims to enhance its product offerings and solutions, catering to diverse market needs while contributing to the global transition towards green and low-carbon energy [7]

Core Viewpoint - The article highlights the significant achievement of Haicheng Energy, which ranked second in both global energy storage battery shipments and electric power storage shipments in the first half of 2025, showcasing its competitive edge in the global market through technological innovation and globalization strategies [2][3]. Group 1: Market Performance - Haicheng Energy's rise to the second position in global energy storage battery and electric power storage shipments reflects its capabilities in customized solutions and successful global business expansion [3]. - The global energy storage cell shipment scale reached 240.21 GWh in the first half of 2025, marking a year-on-year increase of 106.1%, with the second quarter alone achieving a record high of 136.78 GWh [2]. Group 2: Technological Innovation - Haicheng Energy has established a comprehensive capability covering material systems, product development, system integration, and full-site services, providing multi-scenario energy storage solutions globally [3]. - The company has made significant technological advancements, including the launch of the industry’s first 1,000Ah long-duration energy storage battery (now iterated to ∞Cell 1175Ah) and a 6.25MWh system, targeting long-duration storage scenarios of over 4 hours [6]. Group 3: Global Reach and Applications - Haicheng Energy's customized solutions have been validated in various environments, becoming key partners in numerous benchmark projects, including large-scale clean energy bases and international projects in North America and Europe [5]. - The company's products and solutions are now present in over 20 countries and regions, including China, the United States, and Europe [5]. Group 4: Future Strategy - Moving forward, Haicheng Energy aims to focus on the energy storage sector, driven by technological innovation and global layout strategies, continuously iterating products and solutions to meet diverse market demands [7].

Core Insights - The energy storage industry is transitioning from a homogeneous price competition to a value competition, with product differentiation becoming a strategic pivot for companies [1] - Haicheng Energy Storage has emerged as a leader in the energy storage battery sector, showcasing strong competitiveness through continuous R&D investment and the establishment of technical barriers [1] Company Overview - Since its establishment in 2019, Haicheng Energy Storage has adhered to an innovation-driven core value, focusing on key technologies and application innovations in energy storage [1] - The company has established four research institutes and assembled a R&D team of over 1,100 people, aiming to explore low-cost, high-safety, long-life, and high-efficiency energy storage battery potentials [1] Technological Innovations - Haicheng Energy Storage has developed several industry-leading products, including the 280Ah, 314Ah, ∞Cell 587Ah, ∞Cell 1175Ah long-duration energy storage batteries, and the ∞Cell N162Ah sodium-ion battery [1][2] - The company was among the first to apply the 280Ah battery in large-scale energy storage projects and has successfully mass-produced the 314Ah battery for overseas projects [2] Strategic Positioning - The company has accurately predicted strategic opportunities in long-duration energy storage scenarios, launching the first industry-specific long-duration energy storage battery, the ∞Cell 1175Ah, and the ∞ Power 6.25MWh long-duration energy storage system [2] - Haicheng Energy Storage is actively involved in formulating national and industry standards related to long-duration energy storage, promoting advancements in efficiency, economy, and safety [2] Manufacturing Innovations - The company is constructing a fifth-generation facility characterized by high automation and intelligence, which is expected to significantly enhance labor efficiency, reduce manufacturing costs, and improve product quality consistency [2] - Advanced Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) are being integrated to monitor production lines in real-time, ensuring timely identification and resolution of quality issues [2] Market Position - Haicheng Energy Storage's success is attributed to its continuous investment in technological innovation and keen market demand insights, further enhancing product performance through the integration of upstream and downstream resources in the industry chain [3] - The company is solidifying its leading position in the global energy storage industry, contributing significantly to global energy transition efforts [3]

Core Viewpoint - Haicheng Energy has submitted its listing application to the Hong Kong Stock Exchange, aiming to become a leading global brand in energy storage solutions [1] Company Overview - Established in 2019, Haicheng Energy focuses on energy storage batteries and systems, catering to various applications including grid-side, data centers, commercial, and residential needs [2] - The company has developed a comprehensive R&D capability across the entire energy storage value chain, including materials, batteries, systems, and solutions [2] - Haicheng Energy has launched several industry-leading energy storage products, including various specialized batteries and energy storage systems [2] Market Position and Growth - Haicheng Energy has achieved a significant milestone by ranking third globally in lithium-ion energy storage battery shipments, with a shipment volume of 35.1 GWh in 2024, reflecting a compound annual growth rate (CAGR) of 167% over the past three years [3] - The company's revenue has surged from 3.615 billion yuan in 2022 to 12.917 billion yuan in 2024, with a CAGR of 89% [3] Profitability and Financial Performance - The gross profit and gross margin of Haicheng Energy have shown consistent growth from 410 million yuan and 11.3% in 2022 to 2.309 billion yuan and 17.9% in 2024, respectively [4] - The company achieved a net profit of 288 million yuan in 2024, marking a turnaround from previous losses [4] Global Expansion Strategy - Haicheng Energy has expanded its business to over 20 countries and regions, becoming the only company focused solely on energy storage in the GWh-level lithium-ion battery shipment category [3] - The company has successfully established a presence in key global markets, including the U.S. and Europe, and is recognized for its localized operations and product offerings [4][6] Industry Trends - The global energy storage market is experiencing sustained growth, driven by the transition to a green and low-carbon energy structure [7] - The demand for long-duration energy storage solutions is increasing, with projections indicating that the share of lithium-ion batteries used for long-duration storage will rise significantly by 2030 and 2050 [7] Future Plans and Fund Utilization - The funds raised from the IPO will primarily be used to enhance production capacity, invest in R&D, and support global sales and service networks for overseas expansion [8] - Haicheng Energy aims to leverage its technological advancements and market expansion opportunities to solidify its position in the energy storage industry [8]