On December 29, 2023, Xi'an JD Energy Co., Ltd. (JD Energy for short) announced the successful completion of its series C financing with a total financing amount of 300 million yuan. This round of financing was jointly led by BOCOM Financial Asset Investment Co., Ltd. and CCB Financial Asset Investment Co., Ltd. and followed by CIMC Capital Management Co., Ltd. and Guangzhou Industrial Investment Private Equity Fund Management Co., Ltd.
JD Energy's series C financing was launched in July 2023 and has received widespread attention in the industry since then. With fierce competition in the energy storage sector, companies face the inevitable requirement of survival of the fittest and high-quality development. JD Energy has gained favor from state-owned capital with its product- and market-leading healthy development. In the context of a cold capital market, the completion of this round of financing has also injected a shot in the arm for the energy storage industry.
Founded in 2018, JD Energy is committed to technology research and product development of core equipment in advanced energy storage systems, contributing industry-leading solutions to the global carbon neutrality goal. JD Energy has become a leader in the energy storage industry with its independently developed 3S integrated control and protection distributed smart energy storage system. At present, the company has formed the R&D and manufacturing capabilities of battery PACK, BMS, PCS, EMS and integrated energy storage product eBlock and intelligent operation and maintenance capabilities, realizing the transition of energy storage from engineering to productization. It is the first in the industry to provide customers with standardized storage energy products. JD Energy has always adhered to the concept of sustainable development, providing users with complete energy storage power station overall solutions and one-stop energy management services, covering industrial and commercial energy storage power stations, photovoltaic, energy storage and charging power stations, new energy storage power stations and other energy storage application scenarios. It is committed to promoting the application and popularization of green energy and contributing its own strength to the global energy transformation.
Figure 1: JD Energy's 144MW/288MWh wind and solar energy storage project in Guigang, Guangxi
This round of financing successfully gained recognition and trust from state-owned capital. As strategic partners in the industrial field of JD Energy, BOCOM Investment, CCB Investment, Guangzhou Industrial Investment and CIMC Capital have provided JD Energy with strong financial support and resource import, and jointly promoted its rapid development. This financing will further strengthen JD Energy's R&D innovation and market expansion capabilities, laying a solid foundation for the company's future development.
Liu Weizeng, Founder and Chairman of JD Energy, said: "The rapid development of energy storage industry cannot be separated from the support of the country. We will continue to be committed to developing efficient and reliable green energy solutions, always provide customers with energy storage system solutions with the lowest cost per kilowatt-hour, and promote the sustainable development of the global energy industry and the human ecological environment. " Fu Guoli, Chief Financial Officer and Secretary to the Board of JD Energy, said: "Global carbon neutrality has created huge development opportunities for Chinese energy storage companies. JD Energy focuses on providing customers with efficient and reliable energy storage solutions in the energy storage industry. The capital market is optimistic about the development of energy storage and JD Energy in the long term. This round of financing will inject stronger momentum into the accelerated development of JD Energy. We will return to shareholders and society with better products and operating performance. "
"Green development is not only a concept, but also a practice. We pay close attention to and recognize JD Energy's innovation in core technologies, and look forward to JD Energy's continued success and making new and greater contributions to the development of the global economy of carbon peaking and carbon neutrality. " The investment organizations introduced in this financing are also confident in the future of JD Energy.
Figure 2: JD Energy PACK fully automated production line
JD Energy has successfully completed six rounds of financing so far. The company continues to introduce "comrades-in-arms" in the energy storage track, and the company's team of strategic investors continues to grow. As the global demand for renewable energy continues to grow, the theme of World Environment Day, "Many Species. One Planet. One Future", is a common requirement made by all mankind. As a company with social responsibility and mission, JD Energy will continue to assume its trust and moral responsibility to our planet and our environment. JD Energy not only creates products, but also creates happiness and health. JD Energy uses its own efforts to achieve intensive, efficient, waste-free, harmless and pollution-free green development. At the same time, it actively develops and applies green technologies, and is committed to building a green product production chain to benefit society and nature.
