Ruihe Investment Completes Strategic Investment in Xiamen HarmoPower Tech, Ltd.

Investment Breakthrough: A Strategic Marriage of Capital and Technology Boosts the Energy Storage Sector

Recently, Guangdong Ruihe Investment Management Co., Ltd. (hereinafter referred to as "Ruihe Investment") has completed a strategic investment worth tens of millions of RMB in Xiamen HarmoPower Tech, Ltd. (hereinafter referred to as "HarmoPower").This collaboration signifies a formal partnership between specialized capital with deep roots in the new energy sector and a pioneer in flexible energy storage technology. The alliance will focus on the iteration and industrial application of core lithium battery energy storage technologies, injecting robust momentum into the development of the new-type power system.

HarmoPower: The Pioneer in Flexible Energy Storage Technology

HarmoPower was founded under the leadership of Dr. Lin Weixing, a national-level expert recognized under China's program for introducing high-level overseas talents. The company was incubated with the participation of a major shareholder of Eagler Electric Co., Ltd. (SZ.002922), a leading listed company in China's power and new energy sector. HarmoPower focuses on the R&D of core technologies for next-generation lithium battery energy storage systems. Its proprietary multi-level flexible energy storage technology is redefining energy storage system architecture.

Its core product, the Flexible Current Conversion System (FCCS), integrates three key functions – BMS, PCS, and transformer – into a single unit. This innovation reduces the cost of core components to just 40%-60% of that of traditional solutions, while achieving a Mean Time Between Failures (MTBF) of over 8,760 hours.

Leveraging its robust technological capabilities, HarmoPower's products have been successfully deployed in major projects led by central state-owned enterprises such as China Southern Power Grid, China Energy Engineering Corporation, and China Huaneng Group. These projects span the entire application spectrum, including generation-side, grid-side, and commercial & industrial energy storage, providing critical support for the integration of clean energy.

The capital injection from Ruihe Investment will empower HarmoPower to advance the development of its FCCS 3.0 system. This initiative is expected to further enhance the safety and cost-advantage of its energy storage solutions, accelerate the deployment of more national-level energy storage projects, and expand its market penetration. Ultimately, this collaboration will drive the industry's transition from "traditional, centralized models" toward "flexible and high-efficiency" systems.

Wang Yong, General Manager of Ruihe Investment, stated, "HarmoPower's core technology addresses the industry's key pain points of high costs and low reliability, which is closely aligned with our investment philosophy focused on technological innovation. Moving forward, we will continue to empower the company and jointly contribute to achieving the 'dual carbon' goals."

Following this strategic investment, HarmoPower will prioritize advancing three key directions:

Deepening Domestic Market Presence: Continuously increase investment in technology R&D and production capacity to consolidate its leading position in the flexible energy storage sector.

Advancing Global Expansion: Leveraging the "Belt and Road" Initiative, the company will accelerate its foray into overseas markets, fostering technical cooperation and project deployment with countries and regions along the route, thereby contributing to the global new energy transition.

Exploring Innovative Applications: Broaden the application of its energy storage technology into more specific sectors, enhancing energy utilization efficiency and system flexibility.

Looking ahead, Ruihe Investment will maintain a close partnership with HarmoPower. We will work together to continuously reduce the Levelized Cost of Storage (LCOS) and contribute to making clean energy accessible everywhere, thereby driving innovation and progress for both companies.

 

About Ruihe Investment | Professional in VC/PE-stage investment, M&A, and restructuring.

Private Equity | Venture Capital：

Established in 2010, Ruihe Investment is a professional investment management firm primarily focused on managing private equity funds. The core team members hail from large domestic securities firms and renowned investment institutions, each possessing over ten years of investment experience and substantial expertise in investment management and market research

Leveraging deep industry expertise and sharp market insight, the company has successfully invested in and actively supported numerous leading enterprises in the new energy and digital-intelligent technology sectors. Through this strategy, Ruihe has accumulated extensive industrial resources and developed unique perspectives on industry trends.

Partial Portfolio：

Guangdong Aofei Data Technology Co., Ltd.        

Shanghai Ivy Automobile Technology Co.,Ltd.

Guangdong Jibo Medical Group Co., Ltd.

Xiamen Hithium Energy Storage Technology Co., Ltd.

Aikai Holdings         Genye Technology    Zhonghui Ruide   

Shenzhen Zeta Power System Co., Ltd.  

Liaoning Chengda Biotechnology Co.,Ltd.

Wencan Group   Sinosic Integration      Fenghua Zhuoli   Pengjin Technology

Procon Technology   Jingyin Offshore   Carku Group   Jiusi Intelligence