Photovoltaic enterprises into the field of energy storage is not a new example, core energy technology (603105.SH) on the hoof ready to earn money overseas.

 

 

 

August 20, core energy technology released financial data show that the first half of this year to achieve operating income of 339 million yuan, an increase of 2.15%; net profit of 104 million yuan, down 4.74%. The company explained for the first half of the rainy days increased year-on-year, resulting in PV unit power generation decreased, the gross profit increased by less, and the PV industry product prices continue to go down, components and EPC of the average unit watt profit was compressed.

 

 

 

The company focuses on self-holding distributed PV power plant business, now has more than GW-level high-quality distributed customer resources, bringing stable income cash flow. While expanding the scale of self-holding power station, core energy technology is planning off-grid energy storage inverter, portable mobile power and on and off-grid energy storage inverter three types of new products have been obtained the main target market area relevant product certification, in the first half of the year has been a small batch of the market, generate a small amount of trial sales revenue.

 

 

 

 

Chaodian has repeatedly dialed the phone of the securities representative of Core Technology, trying to communicate with its second half of the overseas shipment plan, mass production of new products, but are in a state of unanswered questions.

 

 

 

Financial data show that the core energy science and technology in the first half of the research and development costs of 12.6533 million yuan, an increase of 58.71%; sales costs increased by 90% year-on-year, the reason is that the sales of energy storage products related to the increase in marketing and promotional costs.

 

 

 

As of press day, the total market value of core energy technology is 3.61 billion yuan.

 

 

 

Overseas regions to seek household storage way out

 

 

 

In recent years, overseas demand for household off-grid, off-grid and portable energy storage products has dramatically enlarged, and the global market has maintained high growth. As a distributed PV leader, Core Technology naturally can not miss the distributed energy storage and household storage of the two overseas cake.

 

 

 

 

 

 

Starting from market research, Core Energy Technology has made detailed considerations on the planning of household storage products.

 

 

 

First, off-grid energy storage inverters, mainly for overseas grid underdeveloped areas, such as Southeast Asia, Africa, the Middle East, etc.; second, portable mobile power, mainly for the domestic market and foreign developed countries market; third, grid-connected and off-grid energy storage inverters, mainly for Europe, the U.S., Australia, Japan and other high-electricity price areas. The main power segments of the three types of products have completed the technology, function, appearance upgrading iteration and product finalization, obtained the relevant product certification in the main target market areas, with sales qualifications and conditions. However, it is worth noting that the financial report does not indicate that the above products have realized mass production.

 

 

 

Sunny Power, BYD, Aero Energy, Pai Energy Technology, Wo Tai Energy, Crestec and other household storage, industrial and commercial storage, inverter field of veteran Chinese enterprises have occupied the most major distributor resources in overseas regions, brand awareness has long been playing, product development of capital and technical strength is also known as strong, the first time to enter the overseas market of the core energy technology and the odds of winning?

 

 

 

Reduce investment costs with original customer resources
 

 

 

Due to the significant increase in sales of new energy vehicles, the number of effective charging hours continues to improve, bringing higher marginal contribution to the charging pile business.

 

 

Core Energy Technology relies on the existing distributed photovoltaic roof resources business owners, in the owners of industrial parks and outlets to invest in, lay and hold, operate DC fast-charging charging piles, external operation of vehicles and corporate employees to provide charging services, and according to the grid purchase price of electricity to the owners of electric vehicles to collect the corresponding charging electricity and service fees, and plans to use the customer's relevant power facilities redundant resources to reduce the investment cost of charging piles. It is estimated that the average daily effective charging hours of the Company's charging piles that have been stably operated can be up to 2 hours, and the payback period is about 3-4 years, with a relatively high rate of return in general.

 

 

 

In addition, the company has more than 1,000 industrial and commercial customers are mostly high energy-consuming industrial power customers, with an annual total power consumption of nearly 10 billion kWh, the huge demand for electricity and resource space is its entry into the field of industrial and commercial energy storage.

 

 

 

Currently, industrial and commercial energy storage is mainly in the form of “valley charging and peak discharging”, through the arbitrage of peak and valley price difference in the user side to obtain income. In the future, Core Energy Technology plans to provide integrated services of “power generation + charging + storage” around these highly adhesive industrial and commercial customers.

 

 

 

Three-phase inverters have become the industry's main R&D direction because they have higher power and are more suitable for integration with modern power grids. In the first half of this year, CoreTech is planning to further extend to three-phase high-power energy storage inverters to empower industrial and commercial storage business.