Pylon Technologies (Pylontech), a dedicated battery energy storage system 
(BESS) provider, has announced it has been named as one of the 2022 Forbes 
China 50 Most Innovative Companies in the new energy field.

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. The release of the China 50 Most 
Innovative Companies list honours businesses that create a major impact on 
their business model, R&D investment, self-growth, corporate governance and 
other elements driven by innovation.

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. 
As a global leading energy storage system(ESS) provider, Pylontech has served 
residential, industrial, and utility sectors for decades.   

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."

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.

With a sustainable future around the corner, integration of innovative storage 
solutions and renewable power generation will maximize the benefits of an 
interconnected energy ecosystem. By placing innovation ability at the core, 
Pylontech is committed to driving the development of the energy storage 
industry and creating a world of green energy with customers and partners over 
the world.

About Pylontech

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.

SOURCE:  Pylontech