China's Next-Gen Energy Storage System Integrator JD Energy Announces Completion of Series A Funding Round with Source Code Capital Participation

源码资本·December 17, 2021·0·1

A global innovator in productized energy storage system solutions.

JD Energy, a Xi'an-based next-generation energy storage system integrator, recently announced the completion of its Series A funding round, led by IDG Capital with participation from Source Code Capital.

The proceeds will be fully allocated to accelerating R&D upgrades of its smart energy block storage products, building a 5GWh smart energy block production line, and expanding the company's operations and management team.

JD Energy pioneered the concept of productized energy storage system solutions globally. Following the April launch of its modular "Smart Energy Block eBlock," the solution gained industry recognition for its technical advantages of "ultimate safety, high efficiency and reliability, intelligent user-friendliness, and plug-and-play convenience." The product has since been deployed in demonstration projects across multiple grid-side and user-side energy storage applications, including State Grid Corporation of China, China Southern Power Grid, SPIC, and New China Insurance.

Production floor

Since its founding in 2018, JD Energy has independently developed its energy block smart energy storage system solution. Adopting an "All In One" design philosophy, it innovatively integrates long-lifespan battery cells, high-efficiency bidirectional balanced BMS, high-performance PCS, active safety systems, intelligent power distribution systems, and thermal management systems into a single cabinet, forming a highly integrated smart energy block product, eBlock. This solution eliminates user concerns about the safety of electrochemical energy storage systems while improving system conversion efficiency, ensuring battery capacity utilization, and reducing O&M costs — providing an entirely new solution for large-scale energy storage deployment.

"All In One" design philosophy

Since 2021, favorable policies for the energy storage industry have emerged frequently, accelerating market growth. With the successful delivery and grid connection of numerous energy block storage system projects on both the commercial-industrial user side and the grid side, JD Energy has demonstrated with real results that its energy block storage solution is ready for large-scale market adoption. The novel building-block energy block system design helps address common industry challenges and is poised to propel China's electrochemical energy storage industry into the 2.0 era.

Di Wang of Source Code Capital commented: "Green power generation, storage, and operations is a key investment theme we focus on. JD Energy has a rare team that masters both DC-side and AC-side technologies while serving both grid-side and user-side scenarios — with deep industry insight, strong strategic execution, and robust productization capabilities. We believe JD Energy's energy block storage products, with their high safety, ultimate efficiency, standardized delivery, and long-term cost advantages, will ultimately build a strong brand, drive the company's growth, and contribute to industry development."

This funding round represents capital market recognition of JD Energy and further validates the outstanding advantages and broad market prospects of its energy block storage system. JD Energy will live up to the long-standing trust and support of its users, stay true to its original mission, continue driving technological innovation, and strive toward its vision of "making stable clean power accessible to everyone."