Chinese Energy Storage Pioneer Dyness Raises Millions, Expands Overseas
Chinese company Dyness, a pioneer in the global energy storage market, has raised significant funds and expanded its overseas presence. The firm equips buildings with energy storage systems, aiding the transition to renewable energy and enhancing grid stability.
Dyness, known as Daqin New Energy Tech, recently completed Series B and C funding rounds, securing over a few hundred million Chinese yuan. This capital will support its mission to provide energy storage solutions to residential and commercial buildings worldwide.
The company's energy storage systems store excess energy generated from solar panels and other renewable sources. This stored energy can be used later, improving energy security and reducing reliance on offsite substations and electrical grids. Dyness' advanced battery management system (BMS) optimizes charging and discharging processes, preventing overcharging, over-discharging, and thermal issues.
Dyness has already equipped foreign subsidiaries in Germany, France, Italy, Spain, and the United Kingdom with its energy storage systems. These systems enhance grid stability and resilience by managing supply and demand mismatches. An increasing number of buildings are integrating these systems to address climate change and reduce their carbon footprint.
With over ninety patents and experience serving over 300,000 households, Dyness is well-positioned to lead the energy storage market. Its modular electric power conversion system and energy management system (EMS) further enhance its offerings.
Dyness' successful funding rounds and international expansion demonstrate the growing demand for energy storage solutions. By integrating these systems, buildings can improve energy security, enhance grid stability, and contribute to the fight against climate change. Dyness, with its advanced technology and global reach, is at the forefront of this transition.
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