Pylontech named among Forbes China’s 50 Most Innovative Companies
As a global energy storage system provider, Pylon Technologies (Pylontech), has served residential, industrial, and utility sectors for decades. Its latest achievement is being named as one of the 2022 Forbes China 50 Most Innovative Companies in the new energy field.
The release of the China 50 Most Innovative Companies list honors businesses that create a major impact on their business model, R&D investment, self-growth, corporate governance and other elements driven by innovation.
Pylontech vice president Geoffrey Song said: “It’s a great honor to be named on Forbes China 50 Most Innovative Companies. The inclusion strengthens our confidence to continue to invest in the R&D of more innovative products. We will continue to focus on energy storage development and adhere to innovation and R&D to achieve net zero carbon emissions.”
Inclusion in the list demonstrates Pylontech’s aptitude for innovation and leadership within the renewable and sustainable sector and represents significant and additional recognition after gaining entry into the MSCI Index.
More on Pylontech
Pylontech is one of the few companies with independent R&D and manufacturing capabilities for core components used in energy storage including battery cells, modules and battery management systems.
Pylontech was founded in 2009 as a dedicated battery storage system (BSS) provider by consolidating its expertise in electrochemistry, power electronics and system integration. By providing reliable and affordable ESS solutions, the company have enabled the market position as one of the top suppliers of lithium battery storage globally by its 7-years increasing rate by double.
The company and its subsidiaries currently own 194 patents totally according to its latest 2022 Semiannual Report released on Aug. 26th, 2022. And this report also indicates that Pylontech’s R&D to revenue rate in the first half year of 2022 reaches 6.99% and investment on R&D achieved a 132.40% increase over first half year of 2021, which is a fulfillment to its strategy of high investment in R&D.
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