Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 21, according to the National Enterprise Credit Information publicity system, Ningde Times Energy Storage Development Co., Ltd. was established recently, with Yu Dongxu as its legal representative and registered capital of 120 million yuan. The company is wholly owned by Ningde Times New Energy Technology Co., Ltd., according to shareholder information.

The scope of business includes licensed projects: power generation business, transmission business, power supply (distribution) business. (projects that must be approved according to law shall be approved by relevant departments before business activities can be carried out. Specific business projects shall be subject to the approval documents or permits of relevant departments.) General projects: energy storage technical services; scientific and technological popularization and application services; engineering and technical research and experimental development.

CTOnews.com learned that energy storage refers to the process of storing energy through a medium or equipment and releasing it when needed. Usually, energy storage mainly refers to electric energy storage. At present, according to the mode of energy storage, energy storage can be divided into physical energy storage, chemical energy storage and electromagnetic energy storage, in which physical energy storage mainly includes pumped energy storage, compressed air energy storage, flywheel energy storage and so on. Chemical energy storage mainly includes lead-acid battery, lithium-ion battery, sodium-sulfur battery, liquid flow battery and so on. Electromagnetic energy storage mainly includes supercapacitor energy storage and superconducting energy storage.

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