Pylontec to set up its first factory abroad

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Sant’Angelo di Piove di Sacco, Italy, May 19, 2023 /PRNewswire/ — Pylon Technologies Co., Ltd. (“Pylontech”) announced its plans to build its first overseas factory at a press conference in Italy Veneto On May 18, 2023.

Pylon LiFeEU Srl, the joint venture based in Sant’Angelo di Piove di Sacco (PD) will result in the first Pylontech factory abroad to produce and offer energy storage solutions to customers in Europe in a more stable and secure way. It is owned by Pylon Technologies Europe Holding BV (“Pylontech EU”), a wholly owned company of Pylontech under Dutch law, and Energia sp.a. (“Energy”), with shared commitments to promote are cooperating with. Renewable energy and decarbonization initiatives. The factory will harness the resources and expertise of both parties to develop and commercialize energy storage products in Europe, creating a new foundation for innovative energy storage solutions.

Pylontec has achieved the number one position in the global residential battery power market by 2022 with over one million energy storage systems in over 80 countries and regions since its first delivery in 2013. Today, the establishment of the new factory marks another important milestone for this fast growing company, which continues to play a leading and pioneering role in the industry.

“This is an important step for Pylontech to establish local production as our partners, particularly those in Europe, are keen to have more secure and stable supply chains.” jeffrey songPylontec’s vice president said: “We chose Veneto As a starting point that enjoys both the refreshing friendship of Galilean wisdom and energy. I believe in a very bright future for the renewable energy industry in the EU by harnessing global knowledge and local resources.”

About Pylontech

Pylontec (SHSE:688063) is a dedicated provider of Battery Energy Storage Systems (BESS), consolidating its expertise in electrochemistry, power electronics and systems integration to provide reliable energy storage solutions on a global scale. With continuous and rapid growth, it has become a leading provider of energy storage systems worldwide.

About Energy SPA

Energy SpA was founded in 2013, listed on the Euronext Growth Milan market italy price, is a leader in energy storage systems for residential and large scale application sector. It has sold and installed over 53,000 systems nationwide with a focus on the residential, commercial, industrial, utility and electric mobility markets.

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