A home-based new energy storage system has transformed the life of Lagos resident Odimba Nnamdi, who no longer struggles with frequent power outages. This system was produced by Henan Volt New Energy Technology Co., Ltd., located in Runan County. Since 2024, over 5,000 households in Lagos have adopted Volt’s energy storage products. On August 21, 2024, Nigerian business representative JP Nemelum visited Henan Volt New Energy Technology Co., Ltd. again, bringing with him more orders. JP Nemelum explained that most African countries have outdated power infrastructure and suffer from severe electricity shortages. Nigeria, with over 200 million people, is Africa’s largest economy, but the country faces a significant power supply-demand imbalance, with ordinary families receiving less than four hours of electricity per day. This creates a broad market for Volt’s high-quality, affordable energy storage products. Now, products “Made in Runan” are illuminating the night for the people of Africa.
Henan Safecloud Energy Inc. was established as a result of Runan County’s investment attraction efforts and began operations in 2022. As a specialized and innovative enterprise in Henan Province, the company holds 30 core industry patents, possesses advanced global technology in polyanion-based new energy material development, and has pioneered a one-step process for producing lithium iron phosphate and lithium manganese phosphate. Its products are of high quality, competitively priced, and world-leading in performance. The company exports 85% of its products overseas, leveraging the Belt and Road Initiative to sell to Europe, the U.S., Australia, Africa, South Korea, Indonesia, and other regions.
“Our products are essential components for home energy storage, RVs, telecom base stations, wind power, photovoltaic containers, and large commercial energy storage systems. Once they hit the international market, they become highly sought-after,” said company head Wang Zhengming. As an export-oriented enterprise, Henan Volt New Energy Technology Co., Ltd. has benefited from the internationalization of the RMB. This year, the company’s exports have shifted focus to African countries, with cross-border RMB settlements accounting for nearly one billion RMB in output value over the first seven months, a fivefold year-on-year increase. Major export destinations include Nigeria, Tanzania, Uganda, and South Africa.
“Cross-border RMB settlement not only reduces exchange procedures and saves on transaction fees but also enhances the efficiency and reliability of fund management,” Wang Zhengming explained. “With lower costs, we can invest more in technological innovation to boost product competitiveness. We are actively applying for the national-level specialized and innovative ‘Little Giant’ enterprise designation.”
“We plan to expand production to achieve an output value of 500 million RMB next year to meet the demands of the African market,” Wang Zhengming added. With a strong global market presence, he is confident about the company’s future development.
Post time: Aug-26-2024
