Benan Energy

The firm specializes in next-generation sodium-ion energy storage, developing intrinsically safe batteries that utilize aqueous, non-flammable electrolytes and abundant sodium-based materials. This positions the company in the clean technology sector, targeting the growing demand for safe and sustainable energy storage. The core of their business is the production of Aqueous Sodium-Ion Batteries (ASIB), which are designed for a variety of applications, from utility-scale energy storage to backup power systems for residential and small business use. The use of water-based electrolytes is a key feature, intended to eliminate the risk of fire and explosion associated with some other battery chemistries.

Benan Energy's business model encompasses the entire value chain, from material research and development to battery manufacturing and system integration. The company generates revenue by manufacturing and selling its ASIB energy storage systems. Clients include those in densely populated urban areas requiring high-safety energy storage, as well as individual residences and commercial buildings looking to optimize their power generation and consumption. A notable partnership was formed in July 2023 with the state-owned enterprise Huadian Jiangsu Energy to co-develop renewable energy storage solutions. The company is also expanding its global presence, entering the Japanese market in 2023 and partnering with Germany-based Offgrid Green Energy AG to offer comprehensive off-grid system solutions.

The company's product portfolio includes battery cells, packs, and integrated systems like cabinets and containers. A key offering is the "BlueBox" energy management system, developed with their German partner, which is an independent storage solution based on saltwater electrolyte technology. This system can be integrated with photovoltaic and wind power to provide a reliable power source and backup power. Benan Energy has received venture capital funding, with investors including SoftBank China Venture Capital and Southern Cross Venture Partners. The company has received industry recognition, including the "2022 Best Emerging Enterprise Award" in China's energy storage industry and the "2023 Best Innovative Enterprise in China's Industry" award.