XIAMEN, China - Wednesday, 10. April 2024
- Ranking by CNESA achieved in Hithium’s first year on global market
- Company among largest 5 BESS manufacturers in cell shipments overall
(BUSINESS
WIRE)--Hithium has been ranked among the top five battery manufacturers
in terms of energy storage products shipped in 2023 in a new analysis
of 2023 stationary energy storage manufacturer shipments by the China
Energy Storage Alliance (CNESA). In addition, ranked as the No. 2 for
utility-scale projects in its home market of China released by ESSA.
Founded in 2019 with a focus exclusively on stationary batteries,
Hithium first shipped products in 2022. The company entered the global
energy storage market in 2023, climbing to fifth position in the ranking
within its first year on the world stage.
Rankings validate Hithium’s “Just BESS” strategy
“These
new rankings show that we’ve been able to deliver the kind of quality,
safety, and innovation our partners need, and thus earn their trust in
our first year on the global market. We’re very proud of this
achievement—in only our second year of shipping battery products,”
Hithium CEO and co-founder Jason Wang said. “The 2023 results also
affirm our strategy to focus solely on stationary energy storage and to
enter the global market quickly. Specialization enables us to put all
our resources into this one segment, which is so crucial for the energy
transition all over the world.”
Hithium has now shipped over
20GWh in total, after tripling the capacity, and the number of projects,
it supplied between 2022 and 2023. At the same time the company has
built out its production capacity, announcing the completion in December
of the first stage of a highly automated new facility in Chongqing.
Technological focus on reducing LCOS through longer product lifespan, lower project costs
Among
the company’s technological achievements is its new 314Ah cell,
featuring an 11,000-cycle life, They also include the 5MWh Hithium
“∞Block” container with a novel mechanical design that increases energy
throughput over the product’s lifespan by up to 25% and helps project
developers save on CAPEX, like reducing land costs by up to 20%.
About HiTHIUM
Founded
in 2019, HiTHIUM is a leading manufacturer of top-quality stationary
energy storage products for utility-scale as well as commercial and
industrial applications. With four distinct R&D centers and multiple
“intelligent” production facilities, HiTHIUM’s innovations include
groundbreaking safety improvements to its lithium-ion batteries as well
as increases in lifecycle. With decades of cumulative experience in the
field among its founders and senior executives, HiTHIUM leverages its
specialization in BESS to deliver partners and customers unique advances
in energy storage. The company is based in Xiamen, China, with further
locations in Shenzhen, Chongqing, Munich, Dubai, and California. HiTHIUM
has shipped 20+ GWh of battery capacity to date.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240410662441/en/
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Contacts
chloe.chen@hithium.cn
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