At a pivotal time for global energy transformation, FGI stands at the forefront of the energy revolution, leveraging its visionary strategy and exceptional technical prowess to drive industry development. 2024 was a year of significant achievements for FGI. Thanks to its deep expertise and continuous innovation in high-voltage cascade products, FGI was honored with the "Manufacturing Single Champion" title by the Ministry of Industry and Information Technology. This national recognition not only acknowledges FGI's past dedication to technological research and innovation but also solidifies its leading position in the industry, marking official recognition of its outstanding achievements in high-voltage cascade technology. In November 2024, FGI's first "100 MW Advanced Energy Storage System," developed on this platform, successfully rolled off the production line. This product features a PCS cascade design, boasting the largest single-unit capacity in China and significantly improving direct grid connection efficiency.
In 2025, FGI entered a strategic partnership with a technology company to jointly develop a 150MW/600MWh high-voltage cascade energy storage system, marking a new chapter of collaboration. In this partnership, FGI is leveraging its leading advantages in high-voltage cascade PCS technology, providing 150MW PCS and 600MWh BMS for the energy storage system to ensure efficient and stable operation of energy conversion and control. The partner company, with its resources and technical strengths in batteries, is responsible for providing the batteries and system integration. This close collaboration exemplifies a win-win partnership in the energy storage sector, demonstrating effective resource allocation and complementary technical strengths.
FGI's strategic focus on supplying Power Conversion Systems (PCS) exclusively to energy storage system integrators underscores its accurate judgment and deep understanding of the energy storage market's development trends. In the rapidly expanding energy storage market, specialized and refined industrial division of labor has become an inevitable direction. FGI specializes in the research and development and production of PCS. With a strong R&D team and advanced manufacturing processes, FGI provides integrators with technologically advanced, reliable, and energy-efficient PCS products, along with comprehensive, high-quality services. By working closely with integrators, FGI helps them effectively reduce production costs, significantly improve production efficiency, and enhance system performance, collectively advancing the energy storage industry toward a healthier and more sustainable future.
This collaboration is not only a successful application of FGI's high-voltage cascade PCS technology in a real project but also a vivid demonstration of its strategic layout. During the collaboration, FGI's advanced high-voltage cascade PCS technology was deeply integrated into the energy storage system, effectively improving the system's charging and discharging efficiency, stability, and reliability. Furthermore, both parties established efficient communication mechanisms and collaborative working models, including regular technical exchanges and project progress coordination, to ensure smooth project advancement. This strong cooperative model lays a solid foundation for future deeper collaborations in more areas and projects.
Looking ahead, FGI will continue to uphold its innovation-driven development strategy, steadfastly increasing R&D investment in high-voltage cascade PCS technology, continuously optimizing product performance, enhancing product quality, and launching more innovative products to meet market demands. Concurrently, FGI will actively expand collaborations with more energy storage system integrators, embracing an open and inclusive cooperative attitude to share resources and achieve common development with partners. By integrating the advantageous resources of all parties, FGI will jointly explore new opportunities and challenges in the energy storage market, contributing more wisdom and strength to the vigorous development of the energy storage industry.
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