We would like to express our sincere gratitude to Dabit for inviting HESHI to participate in the "2019 (Shenzhen) Energy Storage Inverter and Frequency Converter Technical Innovation Seminar." The seminar was a great success!

The seminar brought together numerous experts and technical personnel from the field of magnetic materials, providing participants with an excellent platform for communication.

Currently, the energy storage industry is entering the fast lane, with multiple efforts being made in areas such as user-side applications, auxiliary services, grid integration, and renewable energy integration. The industry is projected to reach $296 billion by 2024, with a compound annual growth rate of approximately 6.2% from 2018 to 2024.

Following the "531 New Policy," photovoltaic inverter and frequency converter enterprises have begun to shift their focus towards the energy storage market to explore new opportunities. Market competition is expected to intensify. At the same time, energy storage systems have presented technical demands for inverters and frequency converters in terms of cost, design complexity, safety, integration with smart grids, intelligent inverters, and resonance, among others.

In order to better serve the research and development and manufacturing enterprises of inverters and frequency converters, HESHI participated in Dabit's "2019 (Shenzhen) Energy Storage Inverter and Frequency Converter Technical Innovation Seminar" on March 29, 2019. The conference included topics such as control of energy storage inverters and frequency converters, inverter power supply, IGBT drivers, circuit protection solutions, and power testing solutions.

This is the first industry conference in 2019 focused on the design of inverters and frequency converters in the energy storage industry. It brings together globally renowned manufacturers of key components and chips for energy storage inverters and frequency converters, providing rich solutions and sharing technical topics to address product development challenges.