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R&D of distributed energy storage and smart grid systems: "Cloud Energy Cube" Secures Tens of Millions of Yuan in Angel Funding
Published:2022-10-20
Recently, Suzhou Yunneng Magic Cube Energy Technology Co., Ltd. (hereafter referred to as: Yunneng Magic Cube) announced the completion of its angel round financing, jointly led by three investors: Chang'an Private Capital, Jinzheng Capital, and Qigang Investment. This round of funding will be used to expand the team, accelerate the development of the next-generation "6S+EDR" IoT-based distributed energy storage system, IoT modular energy storage inverters, and the IoT-enabled "smart black box" for energy storage power stations. Additionally, the company plans to intensify marketing efforts, build brand awareness, serve more leading customers, and drive the practical application of distributed energy storage and smart grid technologies.
YunNeng Magic Cube is the pioneer and leader in global IoT-based distributed energy storage and smart grid solutions. Founded by a seasoned team of technical, management, and marketing experts who bring cross-industry expertise from organizations like State Grid Corporation of China, Xuji Group, and NIO—companies deeply rooted in energy innovation—YunNeng Magic Cube is a high-tech energy IoT company dedicated to the research, development, manufacturing, sales, and technical services of IoT-enabled distributed energy storage and smart grid systems.
Yunneng Magic Cube deeply integrates a range of innovative technologies—such as the power Internet of Things, artificial intelligence, and edge cloud computing—with cutting-edge electricity storage technologies and conventional power system control and protection techniques. This creates a highly secure, intelligent, and distributed energy storage and smart grid system powered by IoT, tailored for industries including energy, transportation, petrochemicals, defense, and rail transit. We provide customers with scenario-specific, next-generation power system solutions.
Under the "dual-carbon" framework, the market for new power systems holds vast potential. The traditional power system's top-down, vertically integrated management model will gradually shift toward a bottom-up, hierarchical, cluster-based aggregation approach characteristic of the new power system. Meanwhile, distributed energy storage and smart grid systems are set to become critical components of the future's next-generation power infrastructure. Guided by supportive policies, the deployment of distributed energy storage and smart grids is increasingly emerging as a key strategic move—positioning these technologies as pivotal assets in the race toward a low-carbon economy. This trend not only unlocks significant investment opportunities but also promises a bright and expansive outlook for the industry.
Dr. Zhang Jianxing, founder of Yunneng Magic Cube and the lead drafter of national and industry standards for energy storage inverters, is also a member of the Ministry of Science and Technology’s expert panel on "Energy Storage and Smart Grids." Dr. Zhang earned his master’s and doctoral degrees from the China Electric Power Research Institute and the Electrical Engineering program at Huazhong University of Science and Technology, respectively. He has previously worked at several renowned domestic energy companies, including China Huaneng Group, the China Electric Power Research Institute, Xuji Group, and NIO, gaining deep expertise in technologies and applications across various segments—such as power generation, grid management, electric vehicle charging and battery swapping, power energy storage, and the secondary utilization of automotive batteries. With over 20 years of extensive experience in product R&D, marketing, engineering implementation, and strategic management within the energy storage and smart grid sectors, Dr. Zhang possesses a forward-thinking and uniquely insightful understanding of the evolving energy industry.
Yuneng Magic Cube has assembled a team of elite professionals drawn from renowned domestic electrical universities, state-owned grid research institutes, and leading equipment manufacturing companies. The team boasts deep expertise, extensive experience, and exceptional industry insights in the power systems sector, excelling particularly in innovative R&D for next-generation power systems, cross-disciplinary integration, and cutting-edge innovations in distributed energy storage combined with smart grid system integration. Currently, the company has launched its first-generation "6S+EDR" IoT-based distributed energy storage system, an IoT-enabled modular energy storage converter, and the IoT-powered "Smart Black Box" product for energy storage power stations. These groundbreaking products are poised to significantly accelerate the rapid development of China's evolving power infrastructure.
Given the current industry's technological advancements and the urgent market demands, Yuneng Magic Cube is uniquely introducing in the industry its next-generation "6S+EDR" energy storage system innovation solution. This solution addresses key pain points within the sector, approaching the issue from both the perspective of power system users and the inherent characteristics of power products. It thoughtfully divides the system into distinct sub-system functions while redefining each component with innovative design concepts. At the same time, it seamlessly integrates cutting-edge technologies such as the Power Internet of Things, artificial intelligence, and edge cloud computing—with emerging electric energy storage technologies and conventional power system control and protection techniques—leading to a comprehensive overhaul of traditional systems like "PCS, BMS, and EMS." To further enhance safety and intelligence, the solution introduces three new sub-systems: "HCS, BWS, ASS, and EDR," collectively forming a next-generation, high-security, AI-driven smart energy storage system solution deeply rooted in IoT and AI capabilities.
The next-generation distributed energy storage system from Yunneng Magic Cube boasts features such as high safety, high reliability, high standardization, high integration, and advanced intelligence. It also introduces an industry-first, ultra-fast real-time control system that delivers low latency and exceptional synchronization—enabling microsecond-level control delay even across tens of thousands of units. This cutting-edge technology fully supports the practical implementation of VPP (Virtual Power Plant) functionality, making it a new-generation energy storage solution perfectly tailored to meet the diverse application needs of the power grid. The product is ideally suited for a wide range of scenarios, including industrial and commercial parks, distribution network substations, electric vehicle charging and battery-swapping stations, distributed photovoltaic systems, and microgrid applications. It enables dynamic system capacity expansion, peak-shaving and valley-filling, rapid power regulation, enhanced power quality management, and reliable emergency power supply—all while ensuring seamless grid stability and efficiency.
Yuneng Magic Cube has launched the industry's first IoT-enabled modular energy storage inverter. The new-generation complete product boasts high levels of IoT integration, exceptional power density, superior reliability, enhanced standardization, and advanced intelligence. Equipped with Yuneng Magic Cube's proprietary high-speed real-time control system, this equipment is ideally suited for applications such as rapid power regulation across multiple units, comprehensive management of power quality and energy storage, and more. It opens up vast market opportunities in areas like distributed energy storage and smart grids, electric vehicle battery swap stations, and medium-to-large-scale energy storage facilities.
Yuneng Magic Cube has launched the world's first energy storage power station "Smart Black Box." Designed specifically for battery-based energy storage systems, this next-generation smart product features advanced multi-source data collection, intelligent safety alerts, and reliable data traceability—filling a significant gap in the energy storage industry. As a third-party independent safety monitoring solution, separate from existing EMS and operation & maintenance systems, it provides comprehensive technical support for energy storage stations, enabling fault recording, accident traceback analysis, and precise identification of responsibility during incidents.
Yuneng Magic Cube has established strong collaborative partnerships with institutions and universities such as the China Electric Power Research Institute, State Grid Smart Grid Research Institute, and Huazhong University of Science and Technology. It has also signed strategic cooperation agreements with listed companies like Inovance Technology, Geely Weirui, and Zhongtian Energy Storage, focusing on technology development, product innovation, and joint project initiatives. Additionally, Yuneng Magic Cube has forged a strategic partnership with Zhengzhou Aviation Industry Management College in the field of aviation electrical systems and new energy technologies. Furthermore, the company has cultivated robust supply relationships with renowned battery suppliers in the industry and is actively engaging in fruitful project collaborations with several central state-owned enterprises, leading-edge energy firms, and integrated energy investment companies. Currently, Yuneng Magic Cube has filed 17 intellectual property applications and has completed the mass delivery of its first-generation product, with core offerings already being widely adopted and promoted within the State Grid Corporation of China and Geely Group.
Yuneng Magic Cube will focus on the distributed energy storage and smart grid sectors, driving growth through continuous technological innovation. Built on delivering core products and system solutions for distributed energy storage and smart grids, the company centers around three key product systems: "Energy Storage + Fast Charging," "Energy Storage + Power Quality," and "Energy Storage + Distributed New Energy." With a strong presence in areas such as solar-plus-storage charging stations, industrial and commercial parks, grid distribution zones, second-life applications for power batteries, microgrids, and zero-carbon parks, Yuneng Magic Cube is steadily expanding into both domestic and international markets.
Embrace the wave of the energy revolution and help achieve the dual-carbon goals! YunNeng Magic Cube will forge ahead with determination, continuously innovate, and strive to establish itself as the global leader in IoT-based distributed energy storage and smart grid systems!
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