“Energy storage is currently one of the hottest industries, and in this fiercely competitive arena, rapid market expansion is imperative,” said Lu Danqing, Vice Chairman of Linyang Energy (601222.SH), in a recent interview. She emphasized that energy storage will be the core growth driver for the company, revealing that her focus has gradually shifted from the smart meter business to solar-plus-storage operations over the past 18 months.
Linyang Energy operates three main business segments: smart grid, renewable energy, and energy storage. Its energy storage division focuses on:
- Storage systems paired with renewable power generation
- Standalone energy storage power stations
- Commercial & industrial user-side storage solutions
- Consumer-side solar-storage microgrid applications
Strategic Highlights:
• European Focus: Preliminary plans underway for localized production to comply with EU’s “resilience reserve” requirements
• Technology Stack: Integrated offerings covering battery systems (45% gross margin), PCS (32%), and energy management software
• 2025 Targets: 3GWh global deployment pipeline, with 60% targeting ancillary service markets
