TONGLI RISHENG(605286)2024-11-08 09:27Group 1: Company Overview and Performance - Jiangsu Tongli Rising Machinery Co., Ltd. held its Q3 2024 earnings presentation on November 8, 2024, via video and online interaction [1] - The company has a 62.8 MWh storage capacity and is actively involved in various energy projects, including a 28 MWh microgrid in Kenya and multiple projects in China totaling 1,400 MWh [1] Group 2: New Energy Projects - The company signed a framework agreement for a 200 MW distributed wind power project, contributing to the "Thousand Villages and Ten Thousand Villages Wind Action" initiative [2] - The subsidiary Tianqi Hongyuan has extensive experience in distributed wind power, having successfully undertaken a 47.8 MW project in Hubei, which is among the first demonstration projects in the province [1][2] Group 3: Technological Advancements - Tianqi Hongyuan has developed unique 3S (BMS, PCS, EMS) technology combined with AI modules, enhancing the efficiency of energy storage systems and reducing capacity loss [2] - The company claims that its intelligent modular solution can improve the overall cycle life of energy storage stations to over 80% of the nominal cycle life of battery cells, while reducing operational costs by 6-10% [2] Group 4: Future Plans and Market Strategy - The company aims to become one of the leading enterprises in the new energy storage sector, targeting a scale exceeding 100 billion yuan by 2027 [2] - It is actively exploring commercial energy storage projects, particularly in data centers, to enhance energy efficiency and reduce costs [3]