CLOU ESS Company Profile

——EP Package Service Provider

CL Energy Storage Corp.

Addr: 107 Hermes Road, Suite 200B, Ballston Spa, NY, 12020
Phone: +1 518-289-5355
Contact: MAO
Email: [email protected]
 A member of the Midea Group

In the global effort towards carbon mitigation, the transformation of the power system plays a crucial role in achieving "carbon
neutrality." CLOU remains steadfast in our vision as a world-class energy service provider. With 30 years of exceptional experience
in the power industry, we are committed to offering a comprehensive range of ecological products and life-cycle services. Our
offerings include equipment supply, solution provision, and service supply, culminating in a fully integrated solution that
encompasses the entire life cycle and ecosystem. Together, let us embrace the dawn of the zero-carbon era and work towards
building a sustainable and greener world.
A member of the Midea Group

CLOU stands for

Vision
Being A World-Class Energy Services Provider CARE LIFECYCLE OPTIMAL UTILIZATION
• Caring user’s current • Full lifecycle • Optimizing product • Uniting
needs • Offering performance to the comprehensive
Mission • Focusing on user’s continuous extreme skills
long-term needs optimal • Offering solutions • Unleashing
Making Clean Power More Accessible
returns that strive for enhances
excellence capabilities
• Providing user • Ensuring all-
Value
service that goes encompassing
Customer Centric above and beyond services
Simple, Practical, Collaborative, Efficient

Caring Lifecycle and Optimal Utilization

 A member of the Midea Group
A member of the Midea Group

CLOU Introduction

CLOU Electronics Co., Ltd. (SHE: 002121) is an energy technology company under In the field of new energy storage, CLOU made its entry in 2009, venturing into the
the Midea Group, a Fortune Global 500 company. It was founded in 1996 and is development of energy storage solutions. Conducted independent research of Battery
listed on the main board. The business focuses on two major sectors: smart grids Management Systems (BMS), Power Conversion Systems (PCS), Energy Management
and new energy storage. Systems (EMS), and battery modules. CLOU successfully built the first MW-level
CLOU has almost 30 years of experience in the power industry, more containerized energy storage station in China and obtained the first 3MW PCS certified
understanding of the power system, launched the first national 301 electric by the China Quality Certification Center. The air-cooling system received UL1741SA
measurement device, the first national 0.2S intelligent electricity meter, the first certification from TUV, and the PCS received ETL certification from Intertek.
national electric automation terminals.

100000000+ 4 GWh+ 100+ 1900+

Cumulative shipments of electricity Contracted and delivered Business covering the Patent applications
meter products by 2023 energy storage systems by country and region
the end of 2023
 A member of the Midea Group

Midea Group

2023 2023 CY 2023 Credit Ratings

51.5B USD 4.64B USD 190K A/A3/A

Total Revenue Net Profit Number of Employees S&P/Moody's/Fitch

Forbes Brand Finance

GLOBAL 2000 Global 500 Tech100
Brand Finance
2023 2023
2023

＃278 ＃199 ＃198 ＃36

2023 Fortune 2023 Forbes Brand Finance 2023 Brand Finance 2023
Global 500 Global 2000 Top 500 Top 100
Most Valuable Brands Most Valuable Tech Brands
 A member of the Midea Group

CLOU Milestones

1996 1997 2002 2009 2011

Entered the ESS market . Ø Successfully conquered the
Ø Established entry into Ø Introduction of the first Ø Developed the Ø
research project on lGBT series
the power market. national 0.05-level country's highest-
technology
transmitter calibration precision 0.2S
Ø Introduced the first device. intelligent
Ø Swept the top six positions in
national 301 electric electricity meter.
the list of independent energy
measurement device. storage operation profitability
projects in the US

2016 2014 2013

Ø Established a joint Ø Pioneered the Ø Developed the
venture with LG for development of a first PCS with
ESS.. MW-level ESS station virtual rotating
inertia in the
country.

2017 2021 2022 2023

Ø Passed the UL1741SA Ø Commenced production at the Yichun Ø Midea Group becoming
Ø Achieved commercial Smart Energy Storage Base 5GWh the controlling
certification for ESS
operation of AGC project. shareholder.
and PCS products.
frequency regulation in
the energy storage Ø Awarded the largest energy storage
sector. project in South America.

1996-2007 2007-2018 2018-2022 2022

The Entrepreneurial Domestic Business Global Market Expansion Focus on the main business of
Phase Expansion Phase Phase for Energy Storage high-quality development
 A member of the Midea Group

Global Presence

CLOU European Business Center

Germany
Marketing
Business Development
Shanghai Power & Electronic Institute
PCS R&D Center

Sichuan PCS Factory Yichun BESS Factory

PCS R&D Center
Production Capacity 1 GW/year Pack & System Integration
Production Capacity 8 GWh/year

Shenzhen
Headquarter

CL Energy Storage (US Business Development and Shunde BESS & PCS Factory R&D Center
Operation Center） Pack & System Integration 23 GWh/year
New York PCS 5 GW/year
Experimental Base, R&D Center
Global Product Center
Localized Product Definition
 A member of the Midea Group

Global Partner
 A member of the Midea Group

Global Award

Tier 1 Bankbility 9 Sites within Top 30

BNEF Energy Storage Tier 1 List BNEF Energy Storage Bankability List Revenue ranking in ERCOT market
*Modo Energy

50% MTBF Sweeping the top 6

China FR market with a 50% market share A global first MTBF certification Revenue ranking in 2021 US independent ESS
*Orennia
 A member of the Midea Group

Technology-Driven

Corporate
v CLOU R&D Center
Research Center

Midea Group’s CLOU’s Research and Product Center

Top Research Institute
Ø Basic technologies like hydromechanics, solid
mechanics, and thermodynamics Ø Product Practical Application Research
Ø Localized Product Design and
Ø Intelligent technologies, such as artificial intelligence
and sensors Development

Ø Future technologies including IPM , Wireless Power

Transmission , and Robotic Technologies

Green Energy
Institute

Midea Group’s
Green Energy Institute

Ø ESS Integration Research

Seven Test Laboratories Automated Production Line
Ø General BMS Technology Research
*Battery Cell, Module, Environmental, Battery *Provided by by KUKA, one of the world’s leading
Ø PACK Technology Research Pack, Reliability, Capacity, Mechanical Vibration suppliers of intelligent automation solutions
Testing Laboratory
 A Global Leader in ESS Commercialization

CLOU EP Package Services for Whole Station

Power Trading
Market

Virtual Power Plant

PV

DC
Inverter
AC
Communication
EMS

Pack + BMS Cluster + BMS System + BMS PCS Unit MV-PCS Skid AUX.
Transformer Grid
 A Global Leader in ESS Commercialization

CLOU EP Package Services

Providing Customer a ‘3 flexible supply scope’

L3
Flexible Flexible Team Flexible Scope
LTSA Duration Option Option
L2
Option
L1
 A member of the Midea Group

Soultion for Whole Lifecycle

Guide Design
Caring Lifecycle Deliver Operation
and
Optimal Utilization
Integration Optimize

Providing EP Package solution After sale service

for a project for whole lifecycle

CLOU offers unparalleled services, leveraging our extensive experience in the energy sector spanning decades. Our expertise goes beyond system
integration, as we provide comprehensive solutions throughout the entire project lifecycle. Our dedicated team excels at developing innovative solutions to
optimize asset value and effectively address the unique commercial and operational requirements of energy storage projects.
 A member of the Midea Group

Various Application

For C&I For Solar & Wind plant

• Enhancing Grid Stability and
Flexibility
• Meeting Specific Operational
Requirements Cost-Effectively • Improving and Expanding Solar
• Guarantee of Green Electricity
Consumption • Enabling a Range of Applications and Power Generation
and Grid Services Capabilities
• Prevention of Sudden Power Outages • Achieving Peak Shaving and
Valley Filling
• Electricity Cost Reduction
through Peak-Valley Price • Providing Auxiliary Dynamic
Arbitrage Operation Efficiency
• Participation in Local Demand
Side Response • Helping Achieve Smooth Control
and Reduce Renewable Energy
Waste

For GRID and

Transmission
 A member of the Midea Group

E³S Principle

E³S offers an exceptional energy

storage solution with intelligent
strategies for efficient energy
management.

"E" stands for excellent performances, safety, and service

"S" represents smart management.
 A member of the Midea Group

O&M and Full Battery Storage Lifecycle Support

Multicultural Service Engineer Team Qualified O&M

• HQ 55, America 5+5 • Electrical Certified Engineers
• 700MW/2GWh Oversea Projects finish COD • Full Factory Trained
• Professional Tools

Standard After Sales Process Clou team+Local 3rd-Party Partenership

• SAT • QA/QC NA:CES/KEM/OTEK
• CRM • FAT SA:Ingenova/Propmat

Flexible & Customized After-Sales Moduls Maintaince & System Analysis

• L1-L3 • CRM System
• LTSA • Local Data Storage
• Local/Remote • Data Anasys

Standard After Partnership With Local Multifarious After-

Experienced Team Qualified O&M System Analysis
Sales Process Third Party Sales Package
 A member of the Midea Group

Chile Project: The largest energy storage project in South America

Environment Tolerance
Wind & Sand
Located in the Atacama Desert, where no rain has fallen for 400 years.
• Dust proof design
• NEMA type 3R/IP54 support
• UL9540A certification

High praise from the Minister of Energy of Chile and serves as a

regional demonstration project for the "Belt and Road" initiative.
Capacity：485 MWh
 A member of the Midea Group

Haifeng Project: 9,000 cycles and top revenue power station in the region

Environment Tolerance
Salty & Humid
• C5 corrosion-level supported
• Material compatibility
• Internal Micro-environment

Achieved an excellent 2-year return on investment (ROI) and

standed out as an industry-first by achieving a full life cycle with
Discharge Capacity: 119 GWh over 9000 cycles.
 A member of the Midea Group

Texas10 Project: All sites ranked in the top 30 for revenue in Texas

TOP30

Capacity：100 MWh
 A Global Leader in ESS Commercialization

Breaking Records in ”First", "Largest", and "Strictest"

Completed in 2022 Completed in 2023

Indiana, USA Mississippi, USA California, USA

Capacity: 110.2 MWh Capacity：765 MWh Capacity：270 MWh

Ø The largest capacity in Mississippi Ø The strictest compliance standards,

Ø First large-scale lithium-ion ESS
successfully delivered with the
in Indiana
requirements of IEEE 693 and UL 9540
 We are
Caring Lifecycle and Optimal Utilization