ENERFLOW completes two rounds of equity financing worth hundreds of millions of yuan within the year

On December 21, 2023, ENERFLOW announced that the company has recently completed a billion yuan A+round of financing. This round of financing is led by Hillhouse Capital and jointly invested by Guoxin Guozheng. The raised funds will mainly be used for core technology research and development, product iteration, industrial chain construction, and ecosystem building.

ENERFLOW has completed two rounds of financing this year, with a cumulative financing amount of hundreds of millions of yuan, helping the company accelerate the implementation of its strategy.
The leading investor of this round and the project leader of Hillhouse Capital stated that with the increasing proportion of renewable energy in power generation, liquid flow energy storage technology is expected to become one of the most critical grid flexibility solutions in the future. As a long-term energy storage technology, liquid flow energy storage has the advantages of safety, flexibility, and not limited by geographical conditions, which can further improve energy utilization efficiency, enhance the stability and reliability of the power system. ENERFLOW is a leading enterprise in the industry and the first all vanadium and iron chromium liquid flow energy storage company we have invested in. The founding team has been deeply involved in the new energy industry for many years, with outstanding technological advantages and industry experience, and has already established cooperation with multiple leading enterprises, widely recognized by the industry. We believe that ENERFLOW will drive the flourishing development of the flow battery industry and contribute positively to the global energy structure transformation and green low-carbon development.