Energy storage companies face IPO cold wave

Since 2023, IPO applications in the energy storage industry have encountered serious challenges. According to statistics from the Energy Storage Research Institute, as of April 9, 2024, a total of 23 energy storage companies' IPO applications have been terminated, and another 21 companies' IPO applications have been suspended. Currently, only one company, Nabaichuan New Energy, has entered the inquiry stage, and its main business is energy storage battery thermal management.