China Storage Guoneng (Beijing) Technolog
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Angel | |
CNY160m | Seed | ||
CNY180m | Early VC | ||
CNY320m | Early VC | ||
* | CNY1.0b Valuation: CNY5.0b | Series A | |
Total Funding | €208m |
Recent News about China Storage Guoneng (Beijing) Technolog
EditCaes.store is at the forefront of developing advanced compressed air storage (CAES) solutions, catering to the growing demand for sustainable energy technologies. The company operates in the renewable energy sector, focusing on scalable energy storage systems ranging from 15 kW to 100 MW. These systems are designed to store and release energy efficiently, helping to stabilize power grids and support the integration of renewable energy sources like wind and solar power.
The technology behind Caes.store's solutions originates from the Engineering Heat Physics Research Institute of the Chinese Academy of Sciences. Over 15 years of research and development, the company has evolved its systems from a modest 15 kW to a robust 100 MW, demonstrating a strong commitment to innovation and technological advancement.
Caes.store primarily serves utility companies, grid operators, and large industrial clients who require reliable and efficient energy storage solutions. The company’s business model revolves around the sale and implementation of its CAES systems, as well as providing ongoing maintenance and support services. Revenue is generated through direct sales, long-term service contracts, and potential licensing agreements for its proprietary technology.
Operating in a market driven by the global push for renewable energy and sustainability, Caes.store is well-positioned to capitalize on the increasing need for energy storage solutions. The company's commitment to sustainable development and its role in the third global energy transformation underscore its strategic importance in the energy sector.
Keywords: compressed air storage, renewable energy, scalable systems, energy storage, power grid stabilization, sustainable development, utility companies, grid operators, industrial clients, Chinese Academy of Sciences.