100M, SUNNIC Making Its Way to Sweden

Sweden recently announced plans to build the world's first permanent charging highway by 2025, a country with a population of just over 10 million, but with well-known companies such as Ericsson and Saab creating a world class in many fields. Sweden, as a highly developed socialized country, has a mature electricity trading market and high-tech energy penetration. Grid-assisted services such as FCR (Frequency Suppression Reserve) and FFR (Fast Frequency Response) are not only a means of capacity compensation in the electricity market, but also part of the energy market. Therefore, the underlying construction of energy storage equipment has a crucial fundamental support role for the efficient use of electricity in Sweden.

SUNNIC signed a strategic agreement with Sweden's Besway AB to jointly develop the Nordic new energy market. The cooperation between the two parties will carry out comprehensive cooperation in the fields of PBC solutions in the Swedish market, grid-side frequency regulation, investment and construction for integrated PV-Energy Storage-EV Charging-Battery Diagnosis stations and further promoting it to the entire European market. At the same time, the two parties reached an agreement expected that in the next two years, SUNNIC will provide high-tech integrated charging products and no less than 100Mwh energy storage projects will be planned and completed to help the construction of Sweden's PBC network.

Mr.Xiao Jun represented SUNNIC at the signing ceremony

Since 2022, SUNNIC has elevated going global as an important strategic direction of the enterprise and accelerated the layout of overseas markets. After SUNNIC signed the first European optical storage and charging inspection demonstration cooperation agreement with the Ministry of Science, Technology and Industry in Budapest, Hungary, this specific cooperation with Sweden Besway AB marked SUNNIC's official entry into the Nordic market. SUNNIC creates fast communication technology, fast measurement technology and control technology through its own advanced PBC technology capabilities and its own EMS platform, which is deeply compatible with energy storage system hardware for energy management and fast response, and can provide a higher quality power grid Ancillary services to improve economic efficiency. In the future, SUNNIC will be committed to building and improving the new energy market in Sweden, and In line with the grid commercialization and scale up of services. With light storage and charging as the main body of independent operation and income, SUNNIC will help bring prosperous development in the high-tech energy market of Sweden and Northern Europe.

About Besway AB:

Besway AB is a company at the absolute forefront of solar energy and battery storage. Together with the world's leading manufacturers, we can offer tailored solutions to all installers in Sweden. All goods are sent immediately from our warehouse in Stockholm.