Grand Sunergy Establishes Guosheng Size Energy Storage in Nanjing
Grand Sunergy Co., Ltd. has launched Guosheng Size Energy Storage Technology in Nanjing, holding an 80% stake. The new venture, with a registered capital of 20 million RMB, focuses on energy storage technology and intelligent control system integration. This move addresses the urgent need for energy storage in the new energy sector as standalone PV manufacturing becomes unsustainable. Grand Sunergy aims to enhance its industrial layout and complete its full-chain strategy amid financial challenges in its core business.
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On January 30, Guosheng Size Energy Storage Technology (Jiangsu) Co., Ltd. was established in Nanjing with a registered capital of 20 million RMB. The company is jointly owned by Grand Sunergy Co., Ltd.
(80% stake) and Grand Sunergy Tech Co., Ltd. (20% stake). Guosheng Size will focus on energy storage technology and intelligent control system integration.
As energy storage becomes essential for managing energy fluctuations, Grand Sunergy is reallocating resources to this sector to address financial pressures from its core PV business. The establishment of Guosheng Size completes Grand Sunergy's midstream capabilities, linking upstream battery components to downstream applications.
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