CEO Pan Duozhao of Lechuang Energy: Although new energy storage is booming, the financiability of assets has always been a major issue

On June 5th, at the "New Energy Storage Investment and Financing Seminar" of the 2023 China Energy Industry Development Annual Conference, Pan Duozhao, CEO of Lechuang Energy, stated that, I hope that all sectors of the industry will pay attention to the issue of energy storage safety: "Behind the popularity of the new energy storage industry, there is a problem that everyone has not fully solved, that is, the dangerous value of energy storage assets makes it difficult to convert it into finance, or the financiability of assets has always been a problemRegarding the issue of many energy storage facilities that have not been put into operation on a large scale, he said, "The projects are all idle. How can technology be iterated? How can securities companies or leasing companies determine the return on assetsHe mentioned that in the early stages of the development of the new energy storage industry, facing the difficulties and challenges faced by the industry, the first thing we need to do is not industry competition, but how to improve our ability to resist fluctuations: raw material prices, technological iteration, and the loss of core talents are all risks we face

On June 5th, at the "New Energy Storage Investment and Financing Seminar" of the 2023 China Energy Industry Development Annual Conference, Pan Duozhao, CEO of Lechuang Energy, stated that, I hope that all sectors of the industry will pay attention to the issue of energy storage safety: "Behind the popularity of the new energy storage industry, there is a problem that everyone has not fully solved, that is, the dangerous value of energy storage assets makes it difficult to convert it into finance, or the financiability of assets has always been a problem

Regarding the issue of many energy storage facilities that have not been put into operation on a large scale, he said, "The projects are all idle. How can technology be iterated? How can securities companies or leasing companies determine the return on assets

He mentioned that in the early stages of the development of the new energy storage industry, facing the difficulties and challenges faced by the industry, the first thing we need to do is not industry competition, but how to improve our ability to resist fluctuations: raw material prices, technological iteration, and the loss of core talents are all risks we face.

Pan Duozhao stated that in order to address safety risks, it is necessary to attach importance to the operation and maintenance work after operation. Operation and maintenance do not mean that as long as someone goes for inspection, but rather that the equipment itself and system platform algorithms must keep up. In addition, the corresponding protection mechanisms for operation and maintenance personnel, including our insurance mechanism and third-party evaluation mechanism, must be effectively involved.

He believes that successful new energy companies have two common characteristics: one is their sustained R&D innovation and technological iteration ability, and the other is their systematic construction of operation and maintenance. Only by mastering these core advantages, with clear goals, firm execution, and continuous iteration, can we stand out in the energy storage industry where enterprises are swarming and competition is intensifying, and reach the end.

It is understood that Pan Duozhao is a post-90s entrepreneur who has successively started businesses in fields such as the Internet of Vehicles and the networked operation of new energy vehicles. In addition, Pan Duozhao is also a cutting-edge scholar and expert in energy storage and power electronics technology, serving as the Deputy Secretary General of the Innovation Technology Committee of the Shanghai Solar Energy Society.