On November 13, the official website of Shaanxi Provincial Market Supervision and Administration announced the acquisition of shares of Suzhou Precision Control Energy Technology Co., Ltd. by Longji Green Energy Technology Co., Ltd.
Publicity information shows that Longji Green Energy intends to purchase shares , increase capital and entrust voting rights. After the acquisition of Precision Energy , Longji Green Energy will hold Precision Energy. Established in Suzhou, Jiangsu Province in
2015, Precision Energy is principally engaged in the business of lithium-ion battery energy storage system. At present, it has 31 GWh free capacity in the world, and has achieved more than 10 GWh global grid-connected capacity .
Through this acquisition, it also means that the " photovoltaic energy of Longji Green Energy has entered the energy storage market "late but arrived"! At the performance presentation meeting in November of
The transition will take place from April to September 2025. Longji Green Energy has established three wholly-owned subsidiaries, namely, Inner Mongolia Xing'an League Zhichu , Wuwei Chuwei and Guangxi Liuzhou yuanchu . Concentrate on energy storage technology services and local energy storage project development to help Longji land energy storage business in different regions.
In September, the news spread like wildfire that "Longji Green Energy shares in the energy storage enterprise Precision Control Energy, and is in contact with and considering acquiring another energy storage enterprise", and the industry suddenly realized that Longji had finally done energy storage .
At the same time, with the continuous growth of social demand for electricity and new energy consumption, the energy storage industry is facing a broad demand market.
Longji Green Energy started at this time and has lagged far behind its peers. Not to mention that the "predecessors" such as Atlas and Sunshine Power, who have been deeply engaged in the energy storage track for many years, have already gained a lot in the field of energy storage business. The leading enterprises such as Jingke Energy and Trina Solar Energy, which are competing for the bid, have also been laying out silently for many years, and have realized the rapid expansion of energy storage business this year, and the realization of profits is also close at hand. In addition, there are Hengdian Dongci, Zhengtai Xinneng, Xiexin Lithium Power and so on.
On the other hand, with the sharp decline in the photovoltaic market, the industry continues to hover at the bottom of the cycle, Longji Green Energy has been losing money for eight consecutive quarters since the fourth quarter of 2023, and urgently needs to find a new profit growth track.
Why Precision Control Energy? But almost "zero start" Longji Green can now enter the game, but also grab this cake?
Energy storage industry has a long capacity construction cycle and large investment. For Longji Green Energy, which is almost blank in the energy storage sector at present, it is undoubtedly a "shortcut" for its rapid entry through mergers and acquisitions to win the existing solid capacity base and industry status of precision control energy, and it is also a way to avoid the possible "trial and error" risks in the process of new industry incubation and exploration.
2. The global market is perfect and the layout is in line with
the public information, which shows that the overseas production capacity and service network of precision control energy have achieved the global layout . Its business has covered Europe , North America , Australia and other key regions, and has landed influential benchmarking projects in all regions. It ranks second among the global energy storage system DC side integrators.
Especially in recent years, Precision Energy has signed intensive contracts with many enterprises in Europe, North America and Australia to establish cooperative relations, and the global front has been further deepened.
As the industry leader, Longji Green Energy's overseas market layout achievements have long been obvious to all. The cooperation between the two sides is not only the complement of their own industries, but also the integration of their global market layout.
In addition to the energy storage business, Precision Energy has listed the hydrogen fuel cell system as one of the three core business sectors, relying on the core product research and development, the frontier research and development layout and the founder's deep industry accumulation. It has formed its own unique competitiveness in the field of hydrogen energy.
In addition, Shi Agile , the founder and actual controller of Precision Energy, was
for win-win. If we buy Precision Energy, It is the strategic necessity for Longji Green Energy to enter the energy storage track, so the choice of precise energy control Longji Green Energy may also be the optimal solution and development way under the fierce market competition.
If the photovoltaic track has already fallen into a white-hot involution, the competition in the energy storage market is even worse. The pressure of this competition comes not only from the deep cultivation of traditional energy storage leaders, but also from the competition of photovoltaic listed leaders with capital and channel advantages to enter the market across borders and increase their strength.
For precision control energy, if we want to further achieve capacity expansion, accelerate the iteration of technology research and development, deepen the global market layout, and then build up our own market competition barriers, we need not only sustained and large capital investment as support, but also stable business scenarios for continuous delivery and landing. According to
public information, as a unicorn enterprise in Jiangsu Province, Precision Energy has completed five rounds of financing from 2020 to 2023, which has injected momentum into its early development, but there has been no new financing breakthrough in the follow-up.
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