3 years and 10 months of hearings, the fastest rising energy storage newcomer to top the developed country markets! Sige New Energy IPO: Growth is still ongoing

Ask AI · How does SigenStor’s AI enable autonomous home energy management?

Covering a full range of scenarios: residential, commercial and industrial, and ground power stations.

Author | Mu Yu

Editor | Xiao Bai

In Warsaw, Poland, an ordinary household discovered a remarkable change in its electricity bill after installing a white machine. The cost of buying electricity fell from 1.1 zloty per kWh to 0.55 zloty per kWh—nearly half. The electricity generated by rooftop solar panels was sold back to the grid, and the earnings rose to two or three times the original amount.

This is an AI energy storage device called SigenStor. It can plan when to store electricity, when to discharge it, and when to sell it—and it can even catch moments of “negative electricity prices” to earn extra profit. Electricity, once a daily expense that could only be passively consumed, has become an asset that can be managed, dispatched, and even “traded.”

It comes from a Chinese company that has submitted its filing to the HKEX: Sigen New Energy. Today, let’s talk about this company, founded just 3 years and 10 months ago, yet already the #1 player in a global niche and expected to become one of the fastest to go public.

Making complex energy storage systems as simple as building blocks

During the 2025 winter season, there were 142 coal power unit shutdown incidents across Australia’s national electricity market, of which 119 were unplanned shutdowns. In 2025, the median annual electricity bill for households in rural areas of New South Wales had soared to 2,850 Australian dollars (about RMB 13,000).

Faced with rising electricity prices and frequent power outages, more and more Australian households and businesses have started installing solar panels and pairing them with an energy storage system to achieve “self-generation, self-storage, and self-use.”

The Iran conflict that recently erupted threatens Middle Eastern oil and gas exports, directly accelerating the global rise in oil prices and triggering a chain reaction across supply chains—once again making energy risks tangible. As geopolitical conflict intensifies energy security anxiety, demand for household energy autonomy is surging.

Behind it all is a lifestyle of energy independence—a global electricity revolution that’s spreading everywhere.

From 2020 to 2024, global energy storage system shipments surged from 14.2 GWh to 230.0 GWh, a 16x increase over four years, with a compound annual growth rate (CAGR) of 100.6%. It is expected to reach 804.5 GWh by 2030.

And among them, the fastest-growing segment is distributed energy storage—especially residential energy storage.

From 2020 to 2024, global residential energy storage shipments jumped from 1.7 GWh to 48.9 GWh, with a CAGR as high as 130.2%. By 2030, this figure is expected to further grow to 158.1 GWh, with a CAGR of 21.4% from 2025 to 2030.

Another clear trend is that the integration of photovoltaic and energy storage is accelerating. Traditional “split” solutions (installing photovoltaics and storage separately) are gradually being replaced by “integrated” solutions.

In 2024, global shipments of split PV-storage solutions were 32.0 GWh, while integrated solutions were 5.8 GWh. However, the growth rate of integrated solutions far outpaces split solutions. It is expected that shipments for integrated solutions will reach 72.3 GWh by 2030, with a CAGR of 42.6%—more than double that of split solutions.

Amid this wave, traditional products generally have one painful issue: installation is too complex, operation is too hard to understand, and expansion is too troublesome. A system often needs multiple devices assembled together—such as inverters, batteries, and controllers—installation can take an entire day, and if you want to expand later you have to rewire again. For modern consumers who are used to “plug-and-play,” this is clearly not user-friendly.

Whichever company can make complex energy systems as convenient and easy to use as “LEGO bricks” will be able to seize the first-mover advantage in the market.

Sigen New Energy’s founder, Xu Yingtong, and his team saw this window of opportunity. They abandoned the rough traditional approach of assembling battery packs and set out to build a truly user-aware, thinking smart energy butler—achieving cost reduction and efficiency improvement for users through an ultra-minimalist experience and intelligent capabilities that are easy to see and calculate.

And that’s how SigenStor was born.

Hardware integration + AI-driven intelligence: redefining energy storage with SigenStor

What is SigenStor? In simple terms, it is a PV storage and charging system that integrates five major functions into one:

1. Photovoltaic inverter: converts DC power generated by solar panels into usable AC power for the home;

2. Energy storage battery: stores electricity—power you can’t finish using in the daytime is saved for nighttime;

3. DC charging module: charges electric vehicles, supporting bidirectional charging (the vehicle can also supply power to the home);

4. Storage power converter: manages the current flow between the battery and the grid;

5. Energy management system: uses AI to schedule all of this, making electricity use smarter and more cost-effective.

In traditional solutions, to equip all five functions at once, it usually takes multiple independent devices, several batches of professional personnel, and days of installation and commissioning. But Sigen New Energy “packs” all these functions into a machine about the size of a refrigerator. Deployment can be completed in as little as 15 minutes, delivering true plug-and-play.

From energy storage to charging to bidirectional energy flow—this isn’t simply packaging a few devices for sale. It is the highly integrated, complete PV storage and charging system turned into a single all-in-one unit.

More importantly, this is not a device with frozen functions—it is an open energy system with ongoing expansion potential. SigenStor uses a modular, stackable design. Users can stack battery modules as needed, freely expanding capacity to perfectly match energy consumption needs across the entire lifecycle.

In addition to high hardware integration, to further improve user experience, Sigen New Energy also fully integrates AI capabilities across the entire chain and across all scenarios. According to a report by Frost & Sullivan, Sigen New Energy is the industry’s first company to integrate GPT-4o technology into an energy storage system. Its mySigen App comes with multi-scenario natural language interaction interfaces, fundamentally reshaping how humans interact with energy.

Users can see in real time in the app where the home’s electricity comes from and where it goes, and they can set whether to use grid power or the battery. The app can also automatically optimize charging and discharging strategies based on weather forecasts, electricity price fluctuations, and users’ electricity usage habits.

In fact, this integration is not as simple as adding a smart assistant on the user end.

At the manufacturing end, AI is applied to incoming material inspection, visual recognition, and process optimization—improving production efficiency while reducing errors, bringing manufacturing from automation toward intelligence;

In the device operation layer, AI participates in energy dispatching and system control. By comprehensively analyzing multi-source data, it enables better operating strategies;

At the power station level, AI is used for power generation forecasting and dispatch optimization, improving overall power station earnings and operational efficiency;

And on the user side, AI further optimizes the interaction experience, enabling the system to provide more reasonable energy usage strategies based on user behavior and usage habits.

This full-chain coverage capability enables AI to evolve from a single-point technology into a core capability spanning the entire system lifecycle.

More importantly, Sigen New Energy’s AI capability does not rely on any single algorithm or product. Instead, it is built on a unified software-and-hardware architecture and a continuous iteration data closed-loop. It is true system-level intelligence.

In the past, AI was mostly present as an auxiliary tool. But within Sigen New Energy’s system, it has been deeply embedded into the system architecture—giving the energy system the ability to think, upgrading it from “automatic execution” to “autonomous decision-making.”

No. 1 in the world for stackable distributed PV-storage all-in-one units

With this combination, SigenStor quickly opened up overseas markets. It started selling in 2023 and sold 18 MWh that year; in 2024 it surged to 447 MWh, a 24x increase; and in 2025 it reached 3,947 MWh.

(Source: Sigen New Energy IPO prospectus)

Among them, Australia is the core benchmark market for Sigen New Energy’s global expansion strategy, and an important engine for performance growth. According to SunWiz’s 2025 market report, Sigen New Energy captured the #1 market share in Australia’s distributed energy storage systems (0–1000 kWh).

As 2026 begins, the pace in Australia is clearly accelerating. In February, the company signed a 1 GWh energy storage cooperation MOU with Australian top distributor Lawrence & Hanson. A few days later, it reached a strategic cooperation with Energy Spurt for 1.5 GWh.

Besides helping Sigen New Energy go global, there are two key pillars: a global manufacturing and delivery system, and commercial ecosystem barriers built through global strategic partnerships.

On the manufacturing side, Sigen New Energy has already built three major manufacturing bases: Shanghai Lingang, Jinqiao, and Nantong in Jiangsu Province, forming a global manufacturing network covering key components and system integration.

Unlike traditional manufacturing, Sigen New Energy leverages digitalization and AI. Relying on a unified data backbone and an MES industrial system, it realizes full-process linkage across production, warehousing, quality, and energy. This is what is commonly referred to as “a digital management approach like managing one big chessboard.” Across bases, operations can coordinate in real time and capacity can be dynamically allocated to respond to demand fluctuations in different markets.

On the ecosystem side, Sigen New Energy’s global channel network is also accelerating in formation. By the end of 2025, the company had established cooperation relationships with 172 distributors from 85 countries and more than 17,600 installers. It covers core markets such as Europe, Asia-Pacific, and North America, as well as Africa, and extends to emerging regions including Latin America, Central Asia, and South Asia.

In Europe, Sigen New Energy is deeply bound with leading distributors such as Sonepar and Energy3000 Solar, establishing itself among the top tier in core markets including Ireland, Belgium, Sweden, and the United Kingdom.

In 2025, the two markets of Asia-Pacific and Europe accounted for 90% of revenue.

(Source: Sigen New Energy IPO prospectus)

Once the architecture is connected, scenarios are no longer limited. From homes to commercial and industrial sites to large power stations—any place that needs energy dispatch can be connected to the same dispatch logic and cable management system, and can become its stronghold.

In commercial and industrial scenarios, Sigen New Energy launched a zero-carbon park solution covering inverters from 50 kW to 125 kW and modular energy storage systems. It supports various operating modes such as pure PV, pure storage, and PV-storage all-in-one. It can also achieve seamless upgrades from pure PV to PV-storage.

This means enterprises can install a PV system first based on current budgets and needs. Later, as electricity usage scales up or storage costs fall, they can add storage modules without having to start from scratch. Whether it is industrial parks, commercial centers, or data centers, they can find entry points that match their own pace and reserve space for future expansion.

In the upstream ground power station market, Sigen New Energy enters through high-power inverters and system-level solutions for large centralized projects.

The underlying thinking is also very clear: Sigen New Energy is not satisfied with just “home energy storage.” Instead, it wants to build a full-scenario energy landscape covering residential, commercial and industrial, and ground power stations—moving from homes to factories to power stations, and step by step capturing every tier of the energy storage market.

In February 2026, Sigen New Energy’s commercial and industrial inverters passed certification by the Australian Clean Energy Council (CEC). This extends the business from residential markets to commercial scenarios, accelerating full-scenario rollout.

The result of perfecting a breakout product is: in 2024, Sigen New Energy ranked #1 in the global market for stackable distributed PV-storage all-in-one units. In 2025, SigenStor contributed RMB 8.36 billion, accounting for 92.8% of revenue.

(Source: Sigen New Energy IPO prospectus)

3 years and 10 months, from 0 to 9 billion

Let’s look at Sigen New Energy’s financial data, and you’ll know just how fast this company is developing.

In 2022, before it began selling, revenue was zero. In 2023, revenue was RMB 58.3 million. In 2024, it jumped to RMB 1.3 billion. In 2025, it surged to RMB 9 billion, up 5.8x year over year.

(Chart: MarketCap Fengyun App)

(Chart: MarketCap Fengyun App)

(Source: Sigen New Energy IPO prospectus)