Beacon New Energy completed nearly 100 million yuan in Series A financing, focusing on the research and development of flywheel energy storage product technology

Beiken New Energy completed a nearly RMB 100 million Series A financing in the first quarter of 2024. The company focuses on the research and development, production and project application of flywheel energy storage product technology. Its products have been successfully applied to China's first flywheel energy storage independent frequency regulation power station.