Recently, Dyness（大秦数能）, the energy storage technology company, announced the completion of Series B and C financing with a cumulative amount of CNY hundreds of million.
The Series B financing was led byYoushan Capital（优山资本）, with participation from Eastern Bell Capital（钟鼎资本）, Shicheng Capital（狮城资本）, and other institutions. The Series C financing was led by CICC Capital's funds（中金资本旗下基金）, with participation from L Catterton（路威凯腾）, JinQiu Fund（锦秋基金）, Pegasus Capital（神骐资本）, and continuing investment from Qinghao Capital（青蒿资本）.
Established in 2017, Dyness aims to become one of the world's leading energy storage technology companies and was among the first domestic enterprises to lay out the overseas energy storage market. Its core team consists of professionals from leading companies in the industry. Presently, Dyness possesses more than ninety domestic and international patents and has introduced a full range of energy storage products, gradually establishing a global sales, research and development, and production operation system.
Relying on its outstanding product definition capabilities and robust and efficient R&D system, Dyness has created a differentiated product matrix known for its stability and competitive advantages in residential and commercial energy storage fields. Guided by its global strategy, Dyness' product matrix continues to gain market share in core regions and has been fully deployed in over 100 countries worldwide.
As the global energy structure enters a transformation period, the continuous improvement of energy storage policies, major technological breakthroughs, strong global market demand, ongoing improvements in commercial models, and the acceleration of energy storage standards have all contributed to the rapid growth of the energy storage industry in the first half of the year.
According to EqualOcean, the global newly installed capacity of electrochemical energy storage reached approximately 21.5 GW in 2022, with a year-on-year growth of 113.696%. Among them, China, the United States, and Europe have contributed significantly to the overall capacity growth. The newly installed capacity of electrochemical energy storage is expected to reach approximately 46 GW globally in 2023, with a year-on-year growth of 112.196%. China, the United States, and Europe are projected to contribute 13.8 GW, 16.6 GW, and 7.0 GW, respectively, with year-on-year growth rates of 119.796%, 168.0%, and 37.3%. With the increasing demand for new energy installations, the global cumulative capacity of electrochemical energy storage is expected to reach 233 GW by 2025.
Chen Yue, the Managing Partner of L Catterton Asia, commented, "The global residential energy storage market is experiencing rapid growth. Dyness has demonstrated precise matching with consumer demand in the power demand market, based on the advantages of its global brand PCS adaptability, high-quality product, and solid supply chain capabilities. The company has cultivated overseas markets for many years, covering more than 100 countries and regions globally, and has obtained local certifications in Europe, Japan, Africa, and other regions. The management team's differentiated channel strategy constitutes the core competitiveness in the global household storage track. We have great confidence in Dyness' future development and will leverage L Catterton's global influence and experience in achieving dual carbon goals worldwide to help Dyness accelerate its global layout and consolidate its leading position in the industry."
Peng Zhengda, from JinQiu Fund, stated, "JinQiu Fund is committed to finding outstanding companies and entrepreneurs with a global perspective that use technology to influence and change the world. We are delighted to work with Dyness this time. As the proportion of renewable energy sources such as photovoltaics and wind power continues to increase, the demand for overseas energy storage becomes clearer. Dyness is one of the leading companies in overseas household products, having cultivated overseas channels for many years and establishing a good brand image and user reputation. By continuously providing industrial resource advantages in brand, channels, and other aspects, JinQiu Fund hopes to help Dyness accelerate its business growth and become a global leader in home energy solutions."
After this round of financing, Dyness will further increase its investment in new energy storage technologies and solutions, accelerate the expansion of its commercial and industrial energy storage product line and ecological product line, and speed up its global expansion and comprehensive application layout. At the same time, this financing will provide ample and solid financial support for the company's organizational iteration and brand upgrading.