Longi has reportedly acquired a stake in Suzhou Jingkong Energy, signaling a strategic push into energy storage amid rising profit pressures and heightened competition in the solar sector.
Image: Matthias Kraus
From ESS News
Longi Green Energy, China’s largest vertically integrated solar manufacturer, has been linked with a rapid pivot into the battery storage market. According to Chinese media reports, the company has taken a stake in Suzhou-based energy storage systems integrator Suzhou Jingkong Energy Technology and is also in talks to acquire a second storage business.
The reports – which Longi has not formally confirmed – suggest the company is aiming for swift access to system integration capabilities rather than pursuing full vertical integration.
To continue reading, please visit our ESS News website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
