Sermatec (采日能源), a Chinese provider of energy storage control systems and data services, recently announced that it has successfully completed a round of financing of more than CNY 100 million.
Sermatec was established in 2017 and has successfully completed the construction of the second-generation technology system. With the "cloud edge terminal" technology architecture as the core, the company combines the new 3S (safety, standard, service) with the traditional 3S (BMS, PCS, EMS), and improves production safety and operation safety through core algorithms.
The R&D team of Sermatec is composed of more than 160 professionals, and more than 65% of the members have more than 10 years of work experience in the fields of electricity, electronics, and batteries.
According to Mordor Intelligence, the global energy storage market was worth USD 103.7 billion in 2020 and is expected to grow to USD 370.6 billion by 2027. The global energy storage market is projected to grow at a CAGR of 19.9% during the forecast period (2022-2027). The Asia-Pacific region dominated the global market in 2021, with growing demand for energy storage systems in countries such as China, South Korea, and India.
Sermatec has launched solar-storage inverters and solar-storage integrated machines in more than 10 overseas markets, including China, Germany, Austria, and South Africa. In the future, the company plans to further expand its presence in overseas markets and establish localized teams and storage facilities locally.
Energy storage has attracted a lot of companies to enter the market. Representative companies in China include Pylon Technologies (派能科技), AlphaEss (沃太能源), Sungrow (阳光电源), and HyperStrong (海博思创); internationally, Tesla and Fluence in the United States, Sonnen in Germany, and LG CNS in South Korea, Nidec ASI in Italy, and Renewable Energy Systems in the UK are quite powerful.
This round of financing for Sermatec was led by Sinovation Ventures (创新工场), co-invested by Cowin Capital (同创伟业), strategically supported by Three Gorges Electric Power (三峡电能) and Shuifa Energy (水发能源集团). Galaxy Capital (星汉资本) acted as the exclusive financial advisor for this round of financing. This round of financing will be mainly used in product development, production, and sales to increase investment in 3S technology, expand overseas markets and upgrade laboratories.