Energy Storage Orders OptimumNano Signs ¥600 Million Energy Storage Battery Purchase Contract

- Mar 17, 2018-

Energy Storage Orders OptimumNano Signs ¥600 Million Energy Storage Battery Purchase Contract

On March 13, 2018, OptimumNano and Zhongshan Lubo Lighting Industry Co., Ltd. (hereinafter referred to as “GreenBlog”) signed the “Procurement Contract of the Year” for product procurement. According to the agreement, Greenbo Lighting intends to purchase energy storage batteries with specifications of 6.4V12Ah, 9.6V20Ah, and 12.8V30Ah from OptimumNano, with a total price of more than 600 million yuan.

Greenbo is located in the famous “China Lighting Capital” at home and abroad. As a professional manufacturer of lighting equipment, Greenbo focuses on the research and development, design, production and sales of commercial lighting, engineering lighting, outdoor lighting, home lighting and other products. In recent years, keeping pace with the trend of green development, Greenberg has increasingly focused its energy conservation and environmental protection concepts into the company's product design and production process.

Zhu Riqing, Chairman of Greenbo, said at the signing ceremony that Wattmar is one of the earliest power battery companies entering the field of energy storage in China. R&D and production of energy-storage battery cells have high consistency, good safety, and long cycle life. The concept of high security and long-life products pursued by Green Bo coincides with each other. We hope that through this strategic cooperation, we will be able to give full play to the strengths of both parties and complement each other's strengths so as to achieve mutually beneficial win-win results in the field of energy storage.

Energy storage is a new industry that has been vigorously developed in the 13th Five-Year Plan of China and has become one of the most promising areas for the new energy industry. In the long-term strategic vision, OptimumNano is the first to establish the Energy Storage Research Institute and build a commercial and industrial energy storage system based on technological accumulation. OptimumNano's energy storage system is supported by OptimumNano's battery R&D technology. It has the advantages of high system conversion efficiency, long operating life, and the ability of firefighting and backstage big data platforms to monitor systems and security.

Mr. Wang Zhenyu, General Manager of OptimumNano, has full confidence in the strategic cooperation between the two sides and the future energy storage market. He said that Wortmar has been deeply cultivating the energy storage market for more than ten years and has strong technology. It has innovatively launched a smart micro-grid energy storage system solution, aiming to ease the power of today’s society with more environmentally friendly, more efficient, and cheaper energy storage methods. The contradiction between supply and demand provides energy technologies and services for sustainable development. As a priority supplier of Greenbo, OptimumNano will use its own technological advantages to complete the supply of GreenBo in time, quality, and quantity, and provide quality after-sales services to jointly explore new markets for energy storage.

The signing of this strategic agreement will facilitate the in-depth cooperation between the two sides in the field of energy storage, and will have a positive effect on the development of energy storage business by OptimumNano. In the future, the two parties will continue to be guided by national policies and make full use of their respective industry strengths. While enhancing their market competitiveness, they will further develop new energy and energy storage industries and practice green development concepts.