On September 13, the grand launch event for China Kangfu & JD Energy's new products and the unveiling conference of the " Energy Bank," was held in Hangzhou. The spotlight was on JD Energy's revolutionary user-side energy storage product, the eBlock-261, which debuted to lead the charge in distributed energy storage technology. Additionally, the launch of the eGo mini program "JD Energy Storage" signaled the dawn of a new era of efficient cooperation. JD Energy, in collaboration with China Kangfu International Leasing Co., Ltd., proudly launched the fantastic "Energy Bank," comprehensively empowering commercial and industrial energy storage.
With the theme "Trillion-scale Energy Storage, Moving Forward Together with Innovation," this launch event was a collaborative effort between China Kangfu International Leasing Co., Ltd., Xi'an JD Energy Co., Ltd., and the Zhejiang Solar Photovoltaic Industry Association, co-sponsored by the Energy Conservation Association of Zhejiang, Jiangsu Province Renewable Energy Industry Association, and Solarbe Global. The event drew a crowd of senior experts, partners, and industry peers from the energy storage sector, with nearly 400 attendees and tens of thousands of industry practitioners tuning in to witness the grand occasion centered around "New Products, Platforms, and Models."
01
Seizing the Momentum
Propelling High-Quality Development of Commercial and Industrial Energy Storage
In 2023, China's newly installed commercial and industrial energy storage capacity soared to 4.72GWh, marking a year-on-year growth of over 200%. Zhejiang Province accounted for approximately 44.3% of the national total in newly installed energy storage capacity, topping the charts with over 1,100 registered projects. In 2024, Zhejiang's commercial and industrial energy storage sector continued to thrive, focusing on building a globally competitive new energy manufacturing base.
In the face of the rapid growth of commercial and industrial energy storage, Shen Fuxin, Secretary General of the Zhejiang Solar Photovoltaic Industry Association, and Huang Sisi, Secretary General of the Energy Conservation Association of Zhejiang, emphasized that as a pioneer in distributed energy storage, JD Energy should seize the moment, innovate continuously, guide the way in industry changes, and contribute to the high-quality development of the energy storage industry.
Wu Min, Vice President of China Kangfu International Leasing Co., Ltd. and Chairman of Beijing Green Charge Energy Development Co., Ltd., noted that the traditional EMC revenue-sharing model presents a risk-reward imbalance, posing challenges to the industry's healthy and sustainable growth. Green Charge Energy Development, FH Lease, and JD Energy forged a strategic partnership to address this issue, introducing the innovative product in industry-finance integration "Energy Bank." This model ensures a more equitable distribution of benefits and risks among stakeholders, securing long-term benefits for all parties and maximizing electricity user returns. Through collaboration and mutual empowerment, the partnership aims to achieve multiple wins.
Trillion-scale Energy Storage, Moving Forward Together with Innovation Liu Weizeng, Founder and Chairman of JD Energy, emphasized that "'Moving forward together with innovation' reflects not just new products but JD Energy's deep-rooted innovative consciousness and respect for the industry. Innovation is pivotal to maximizing customer value and achieving high-quality industry development. Only through innovation can we fight against the involution effectively and steer the energy storage industry safely and steadily toward the trillion-scale milestone. We believe that this novel business model, Energy Bank, will undoubtedly equip the commercial and industrial energy storage sector with the wings to take off toward healthy and rapid development."
Gao Xiaobing, Director of the Gaogong Industry Research Institute, highlighted that commercial and industrial energy storage faces new opportunities with the progressive implementation of spot markets, evolving virtual power plant systems, expanding overseas markets, and improved economic efficiency of integrated photovoltaic and storage systems. However, energy storage products must continually evolve to become versatile players.
JD Energy's commitment to product and service innovation has yielded remarkable results in the commercial and industrial energy storage sector. According to Ma Jinpeng, General Manager of Marketing at JD Energy, as of September 13, 2024, JD Energy has delivered 1,378MWh of commercial and industrial energy storage capacity across 1,028 application scenarios and 17,712 distributed energy blocks. Its footprint spans 259 districts in 71 prefecture-level cities across 21 provinces, serving 155 industries and 179 third-party energy storage investors. Notably, the largest single energy storage project delivered comprised 1,080 energy blocks. JD Energy is undeniably charging ahead in various industries, leading momentum in the commercial and industrial energy storage market.
02
New Product Launch:
eBlock-261 Leads the Smart Energy Storage Trend
In 2019, JD Energy revolutionized the industry by introducing the pioneering concept of "All In One" energy block storage, setting a new trend for distributed energy storage. However, as energy storage technology has rapidly evolved, the hardware landscape across the industry has become increasingly homogeneous. Amid evolving application scenarios, promoted industry standards, and customers' rising expectations, the challenge lies in maximizing hardware functionality and meeting customers' escalating demands.
Zhang Yi, General Manager of Product and R&D Center at JD Energy, elucidates that the energy storage industry has transitioned from the "hardware technology integration era" to the "software-define-system era," necessitating products with self-evolving capabilities. Continuous expansion and refinement in battery management are crucial for enhancing evaluation accuracy and capacity utilization. In power conversion, automatic adjustment of control modes, coupled with exceptional voltage ride-through performance and improved power quality through multi-strategy integration, is essential. What's more, customized strategies should be automatically developed for each plant and energy block in thermal management. Last but not least, charging and discharging strategies must evolve from fixed passive approaches to dynamic active ones.
After extensive refinement, JD Energy proudly unveils its inaugural self-evolving energy storage product tailored for spot markets: the eBlock-261. As a real-time online distributed modular product, it is poised to become a robust engine driving the rapid development of commercial and industrial energy storage, offering users and investors more stable and reliable income guarantees and heralding an era of software iteration in the industry.
Concurrently, JD Energy innovatively introduces the eGo energy storage ecosystem collaboration platform, precisely connecting the full range of information and elements involved in the development, investment, construction, equipment manufacturing, and operation & maintenance of energy storage stations. This platform forms a data-driven iterative and growing flywheel, empowering users and investors with efficient, safe, reliable, and consistent returns. Search for the mini program "JD Energy Storage" on WeChat to access four significant functions:
03
Breaking Involution and Embracing Innovation
Official Launch of the Innovative Business Model "Energy Bank"
Breaking involution and embracing innovation signifies not just product innovation, but also platform innovation, and more importantly, innovation in business models. With the swift development of commercial and industrial energy storage, the traditional EMC revenue-sharing model is hard to meet the interests of all stakeholders, necessitating urgent innovation. Addressing the three primary challenges faced by electricity users in self-built energy storage stations—initial investment pressure, technical capability shortcomings, and limited exit options for idle equipment—China Kangfu, Green Charge Energy Development and FH Lease, subsidiaries of the State Power Investment Corporation Limited (SPIC), alongside JD Energy, a leading enterprise in distributed energy storage, have introduced a groundbreaking one-stop user-side energy storage solution for commercial and industrial customers in Zhejiang: "Energy Bank."
Sun Liang, General Manager of Customer Success Department at Beijing Green Charge Energy Development Co., Ltd., emphasized in his speech that "Energy Bank," with its "zero investment, low monthly payment" financial plan, enables users to gain ownership of the power station after five years of use. During this period, users enjoy free warranty and maintenance services and the option to buy out or exit early. This provides a comprehensive one-stop power operation solution for commercial and industrial enterprises to establish their own energy storage stations, significantly reducing their entire lifecycle electricity costs. "Energy Bank" facilitates station construction without any upfront investment and ensures a seamless exit, mitigating investment risks for users.
Taking a 230kW/460kWh "Energy Bank" project in Zhejiang as an example, with a strategy of two charges and two discharges per day, the entire lifecycle revenue over 10 years exceeds RMB 900,000 yuan. Compared to the EMC revenue-sharing model which offers a 30% share, user earnings have increased directly by RMB 400,000 yuan. Evidently, the innovative financial model of "Energy Bank" will undoubtedly further propel the scaled development of commercial and industrial energy storage.
As a leading enterprise in distributed energy storage, JD Energy will harness innovation as its engine, evolving alongside its customers, the industries, and the times. It will drive product iterations through digitization and market growth through new models,
illuminating the future of energy storage with the light of evolution. Together with more ecological partners, JD Energy will embark on a new chapter of green energy.
