Pylontech Added to MSCI China A Onshore Index

SHANGHAI, Aug. 23, 2022 /PRNewswire/ — Pylontech (688063), a dedicated battery storage system (BSS) provider listed on the Shanghai Stock Exchange STAR MARKET (SSE), was added to the MSCI China A Onshore Index on August 11, 2022. And beyond that, Pylontech has also been included in MSCI China All Shares Index. MSCI, as a leading […]

SHANGHAI, Aug. 23, 2022 /PRNewswire/ — Pylontech (688063), a dedicated battery storage system (BSS) provider listed on the Shanghai Stock Exchange STAR MARKET (SSE), was added to the MSCI China A Onshore Index on August 11, 2022. And beyond that, Pylontech has also been included in MSCI China All Shares Index.

MSCI, as a leading provider of critical decision support tools and services for the global investment community, announced the changes in its August 2022 Quarterly Index Review for the MSCI Equity Indexes. In this review, MSCI China A Onshore Index made seven additions with Pylontech named as one of the three largest. This inclusion is testimony to Pylontech’s promising growth.

As the first BESS-focused company listed on the SSE, Pylontech’s comprehensive strategy layout, high market share, and strong branding, has gained it a top 2 ranking among global residential BESS suppliers by IHS Research and is ranked among Forbes China 50 Most Innovative Companies. The addition of Pylontech to MSCI index is proof of Pylontech’s representative role in the energy storage industry and recognition of its comprehensive strength, competitiveness, industry position, stock circulation, among others. It also means Pylontech will embrace more opportunities and attract attention with its investment value and development potential from global investors.

“Pylontech is proud to be a MSCI index company and grateful for the recognition of the capital market. We are committed to create more value for shareholders, customers and other stakeholders with our leading energy storage technology and reliable products and services. And we will grasp this chance and create more economical value to our shareholders benefiting from the rapid development of renewable energy. We have to do more to achieve net-zero carbon emissions” said Geoffrey Song, vice president of Pylontech.

Under the backdrop of the global energy crisis and energy transition, clean energy will gradually replace traditional fossil energy. Energy storage will be the key technology to promote the replacement of main energy from fossil energy to renewable energy.

BloombergNEF reckons that the entire global energy storage market will reach up to 58GW/178GWh in 2030, five times more than the recording capacity installed in 2021 (10GW/22GWh). There are huge opportunities for energy storage over the next decade, spurring the transition to more sustainable energy. The rapid growth of global energy storage is boosted with the support of different national policies, the favor of capital, and a clear and sustainable business model. As an important support for the new energy system, energy storage will become a value investment orientation.

All changes in the MSCI review will be implemented as of the close of August 31, 2022.

For more information, please click the link below

https://www.msci.com/eqb/pressreleases/archive/MSCI_Aug22_QIRPR.pdf

About Pylontech

Pylontech was founded in 2009 as a dedicated battery storage system (BSS) provider by consolidating their expertise in electrochemistry, power electronics and system integration. By providing reliable and affordable ESS battery products and solutions to global markets, the company have been significantly contributing to a 7-years increasing rate by double, enabling the market position as one of the top suppliers of lithium battery storage world widely.

Website: https://en.pylontech.com.cn/

Total
0
Shares
Previous Article

Casio to Release G-SHOCK with Integrated Bezel and Band Construction

Next Article

‫تصبح SANY أول شركة صينية لتصنيع المعدات الثقيلة “تقوم بتصدير” مصنع منارات

Related Posts

‫شركة LONGi تزوّد أول محطة للطاقة الشمسية في قطر بألواح ثنائية الوجه بقدرة 800 ميجاواط

شيان، الصين, 24 فبراير 2022/PRNewswire/ — يُعدّ مشروع “الخرسعة” -الذي يقع غرب الدوحة على مساحة 10 كم2– أول محطة كبرى للطاقة الشمسية في قطر، بقدرة إنتاجية إجمالية 800 ميجاواط. وسيتم تزويد المشروع بوحدات LONGi Hi-MO 4 ثنائية الوجه وأنظمة تتبع شمسي؛ وبهذا يصبح أكبر مشروع طاقة شمسية في العالم يعمل بالألواح الثنائية وأنظمة التتبع.  ويأتي […]

ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Icahn Enterprises L.P. Investors to Secure Counsel Before Important July 10 Deadline in Securities Class Action – IEP

NEW YORK, June 27, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Icahn Enterprises L.P. (NASDAQ: IEP) between August 2, 2018 and May 9, 2023, both dates inclusive (the “Class Period”), of the important July 10, 2023 lead plaintiff deadline. SO WHAT: If you […]

Huawei Joins Sisvel Wi-Fi 6 Patent Pool as a Founding Member

SHENZHEN, China, July 19, 2022 /PRNewswire/ — Huawei announced today that it has joined Sisvel Wi-Fi 6 patent pool as one of its founding members. This new patent pool provides an avenue for Wi-Fi 6 standard essential patents of Huawei and other innovators to be shared. Huawei has also concurrently become a licensee of the […]

‫تقدم KRAFTON وضع المباراة الحاسمة الجديد كجزء من تحديثات شهر فبراير للعبة PUBG: NEW STATE

متوفر الآن على Android و iOS، يقدم التحديث موسماً خاصاً جديداً، وسلاحاً جديداً وخيارات تخصيص الأسلحة وغيرها المزيد. سانتا مونيكا ، كاليفورنيا, 11 فبراير / شباط 2022 /PRNewswire/ — أعلنت شركة KRAFTON, Inc اليوم أن تحديث فبراير للعبة NEW STATE أصبح متاحًا الآن على Android و iOS. مع هذا التحديث، يمكنك تجربة وضع المباراة الحاسمة الجديد، وهو تجربة قائمة […]