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Following the acquisition of the German KUKA company, the white goods maker Midea Group made further efforts in the field of robotics. On February 9, Midea announced a strategic cooperation deal with Servotronix, a provider of motion control system solutions in Israel. Today (February 13), Fang Hongbo, president of Midea Group, confirmed to the Caixin reporter that Midea has acquired more than 50% of the shares of Servotronix. For the consideration of the transaction, Fang Hongbo expressed no comment. Founded in 1987, Servotronix Israel is a company that focuses on developing and selling motion control and automation solutions. The company provides comprehensive motion control solutions for industrial robots, electronic assembly, semiconductors, machine tools, and medical devices, as well as encoders, servo drives, and multi-axis motion controllers. On February 9th, Midea announced a strategic cooperation deal with Servotornix, and emphasized that as of that date, all the regulatory approvals required for the exchange had been passed and all the preconditions for the transaction had been met. However, the details of the transaction price and structure, the notice did not give more disclosure. Local time February 12, according to Global Business Network (Globes Israel's Business Arena), Servotronix founder and CEO told local media that in this transaction, the company's valuation of a total of 170 million US dollars. One of the founders, Ilan Cohen, will sell the company’s $26 million stake in the company. Another company founder and majority shareholder, Israeli wealthy businessman Ruth Wertheimer will sell $56 million worth of shares. According to calculations made by the Caixin reporter, the percentage of shares sold by the two founders' shareholders has reached 48%. Syria Global Business Network reported that other company executives and employees will also sell their shares. However, it is unclear how much of the shares of the U.S. plan to acquire, nor has it confirmed the current percentage of shares sold. According to reports by Israel’s Haaretz yesterday, Midea’s plan to obtain an 80% stake in Servotronix. Fang Hongbo did not comment on the valuation of the $170 million bid and the share of the acquired shares when he was interviewed by the Caixin reporter. However, he stressed that "we really have control." For the reasons for this acquisition, Fang Hongbo said, “This strategic cooperation is another milestone for Midea in expanding its automation and smart manufacturing industries.†What the United States valued was Servotronix's "technological strength and innovation potential in the field of motion control." Fang Hongbo also said that the United States will continue to increase investment in automation and intelligent manufacturing technology, and give more support in the industry chain collaboration and market. An industry person familiar with the beauty of the robotics industry analyzed the Caixin reporter that the major significance of Midea’s acquisition of Israel’s Servotronix lies in the improvement of its robot industry chain and the completion of a strategic reserve in the manufacturing of key robot components. According to the Caixin reporter, in the entire robot industry chain, from the upstream, midstream to downstream, it is the core components, robot body manufacturing and system integration. At present, domestic robot manufacturers mainly rely on downstream system integration, and rely mainly on imports for key components such as reducers, controllers, and servo systems. "The U.S.-purchased KUKA is one of the four major families of robot manufacturing in the world. However, KUKA mainly manufactures complete machines, and key components such as servo systems and controllers have also been purchased externally." The above robotics industry Industry insiders pointed out to Caixin reporter. "The Servotronix acquisition of the United States is mainly to serve as a servo drive. Welling Motors, a Hong Kong stock-listed company under the U.S. Group, is a servo motor. Servo drives and servo motors together form a complete servo technology system. This is A very important part of industrial control.†“With its own servo system, from the robot parts to the machine manufacturing, the beautiful robot industry chain will be more complete. This step should be said to go very beautiful.†The person thinks. US-based white-goods makers have been seeking strategic transformation in recent years to find the second runway for performance growth beyond home appliance manufacturing. To this end, Fang Hongbo proposed a "smart home + smart manufacturing" transformation strategy, dedicated to the development and manufacture of intelligent home appliances and equipment to promote the automation upgrade of the production line. The robot industry has become the target of beauty. In 2015, Midea established a special robot department. In August 2015, the United States announced that Yaskawa Electric, one of the “four big families†of robots, has established two joint venture robot companies in Shunde, Foshan, which are engaged in R&D and manufacturing of industrial robots and service robots. In March of that year, Midea also quietly bought shares of Anhui Eft Intelligent Equipment Co., Ltd., which is engaged in the design, manufacture and system integration of industrial robots in China, holding a share of 17.8%. In May 2016, Midea announced a high-profile announcement of a 30% price premium and a full cash offer for the acquisition of the German company KUKA. The acquisition of 4 billion euros of huge sums of money caused the company to face the outside world. After more than half a year, in January 2017, Midea’s transaction to purchase KUKA finally settled and delivery was completed. The United States obtained 94.55% of KUKA’s equity. According to Yan Shenghui, a senior analyst in the robotics industry at OFweek Industry Research Center, the acquisition of Servotronix by the United States can be considered as an in-depth move of the robot industry in the United States. It is a complementary action for the acquisition of German KUKA, and it is also the implementation of the “Double wisdom strategy†by the United States (Wisdom Home, smart manufacturing) part of the collaborative development. “A lot of people believe that the US acquisition of KUKA is a way for domestic companies to use gold plating for self-plating,†Yan Shenghui said. However, the US acquisition of the robot industry chain made the market see the United States is really serious in the layout of robots. Industry, not to talk about it. Fang Hongbo told the Caixin reporter in a telephone interview that “The United States is doing the robot as an industry. The Israeli company that acquired this time is to do a total solution for industrial automation. After that, in the other parts of the robot industry, we will also Will go to layout and involve."