International Business Expansion and Integration of Australia’s Latest Energy Trends
In the ever-evolving energy industry, companies that adapt and innovate lead the way. Sieyuan Electric Co., Ltd. stands out as a powerhouse in power technology, equipment production, and comprehensive engineering solutions. Since its listing on the Shenzhen Stock Exchange (stock code: SZSE002028) in 2004, Sieyuan Electric has demonstrated remarkable growth, with a compound annual growth rate of 30%. In 2022, the company reported revenues of USD 2 billion. The first half of 2023 reveals even more promise, with income growing by 22% year-over-year and 38% from 2021. Notably, net profit soared by 48%, surpassing revenue and showcasing enhanced profitability.
Since 2010, Sieyuan Electric has embarked on a global expansion, dedicated to providing efficient solutions to major power operators worldwide, enhancing the resilience of power systems. With over a decade of international market experience, our innovations and services have empowered mainstream power system operators, diverse industries, and numerous power projects in more than 60 countries, covering hydropower, wind power, and solar energy. We have successfully completed over 2,000 projects in global power generation, transmission, and distribution, becoming the preferred supplier for major grids such as Europe, the UK, the Netherlands, Italy, Mexico, and India. Our talented workforce of over 7,800 includes engineers from countries such as Switzerland, Canada, Russia, Ukraine, Brazil, Mexico, and Pakistan. They are stationed in over 80 countries, ready to respond to customer needs promptly, providing localized services from design, manufacturing, installation, commissioning, operation, maintenance to EPC turnkey solutions.
Sieyuan Electric has accumulated extensive experience in power generation, transmission, and distribution over three decades. With more than 14 years of deep cultivation in the Australian market, we have established a localized technical support team, serving accumulated projects over 6.6GW + in Australia. As the new era of energy transformation arrives, the company has decisively ventured into energy storage. Our investments cover grid-level storage and residential energy reserves, unveiling two flagship product lines: esGrid and Swatten.
Swatten is our answer to a holistic home energy storage system. Our products include single-phase and three-phase hybrid inverters, modular rack-mounted batteries, and stackable battery units, providing reliable power solutions for Australian households. Australia’s energy landscape is undergoing exciting changes. Victoria has already begun banning natural gas use in new homes, with electricity becoming the preferred alternative. This change aligns with the trend towards environmentally friendly and cost-effective all-electric systems. Various regions in Australia, including Sydney, are actively taking measures to significantly reduce their reliance on natural gas. The benefits of this transition are multifaceted: it not only benefits the environment but is also considered safer than a gas-based system. Swatten’s advanced intelligent PV solutions can help Australians adapt to the evolving energy landscape. Its flagship SiH1 series hybrid inverters can intelligently control household heating and high-energy appliances, significantly reducing household electricity bills. This perfectly aligns with Energy Minister Lily D’Ambrosio’s vision of helping households save up to AUD 2,200 on their electricity bills.
Manufacturing Excellence and Quality Assurance
Swatten also plans to expand a 300-acre module pack and PCS production base by the end of 2024 and add a 240-acre battery production unit, with an annual production capacity of 1GW. These expansions are designed to optimize our production processes, upholding our commitment to excellence in quality and reliability. To validate our rigorous standards, our testing center earned accreditation from the China National Accreditation Service for Conformity Assessment (CNAS) in February 2022. Additionally, our quality standards have been affirmed by Germany’s renowned TÜV Rheinland witnessing lab. We proudly hold generic certifications such as IEC and EU, along with grid-connection certifications from multiple countries. Our specialized certifications, such as Germany’s VDE and Australia’s CEC, further emphasize the unparalleled safety and quality of our products.
In conclusion, as a subsidiary of Sieyuan Electric, Swatten represents more than just a product brand; it symbolizes leadership in the energy storage field. Swatten remains committed to innovation and quality, dedicated to illuminating the world with sustainable and abundant energy, contributing to a greener and better future, and driving the transformation of Australia’s energy trends.
For more information, please visit our website: www.swatten.com
