Seraphim Signs MoC to Enter the Energy Storage Market

Seraphim, a world-leading solar product manufacturer, has signed a Memorandum of Cooperation (MoC) with Xiamen Xiangyu New Energy Co., Ltd and CRRC Zhuzhou Institute Co., Ltd. Based on the principles of common development and sharing of resource advantages, this strategic partnership will focus on the global storage market, showcasing Seraphim’s determination to enter the energy storage field.
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Under the agreement, the three partners will leverage their respective strengths and knowledge in different fields to jointly build a demonstration energy storage project from the project start-up phase to the end of operations. The MoC details a strategy centered on the development, research and in-depth cooperation of international energy storage systems projects, aiming to contribute to the optimization of the global energy structure and sustainable low-carbon development.

Commenting on the MoC, Polaris Li, chairman of Seraphim, expressed his gratitude to partners for their strong support in the energy storage field and shared Seraphim’s current operations, development, and business status. “Over the years, Seraphim has been focusing on the solar module sector. This joint effort will further enhance Seraphim’s global competitiveness and ability to deliver the best quality products and differentiated value to our customers. It is expected that the three parties will give full play to their comprehensive strengths in the future, strengthen and optimize the industry chain, promote the integrated development of solar and storage projects, and work together to seize the opportunities of the energy storage sector under the wave of global energy system revolutions”, Polaris stated.

“Xiangyu New Energy focuses on the three major industrial chains of lithium batteries, photovoltaics and wind power, and has competitive advantages in comprehensive service solutions.” Cara Lin, General Manager of Xiangyu New Energy said. “As global strategic partners, Seraphim and CRRC Zhuzhou Institute are deeply recognized by the domestic and foreign markets with their strong product. In the future, the three parties shall actively connect on the development needs, fully link with each other in the aspects of the supply chain, industrial chain, and value chain, explore a wider range and higher-level development, and coordinate the resources to jointly create a new situation of common benefit, and high-quality development.”

“CRRC Zhuzhou Institute has already laid out the wind, solar, hydrogen, and storage tracks. We have professional advantages in research, development, manufacturing, and services. By joining hands with two outstanding companies to cooperate in the energy storage field, we hope to give full play to our respective advantages, seize opportunities, and together, create a full-scenario product matrix and continuously leading technical strength to the global energy storage market,” CRRC Zhuzhou Research Institute said.

Seraphim is committed to collaborating with partners and the renewable energy industry to promote the green, intelligent and efficient development of renewable energy application scenarios. The MoC will further consolidate its position and brand influence in the solar energy market, and offer more strength to accelerate global energy transition and sustainable development.

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