Recently, Yotai successfully delivered the "SINAR Project", marking a milestone breakthrough for the company. This project not only fills the market gap for 1P high-power energy storage projects in China and globally but also serves as a key gateway for Yotai to expand its overseas market. As part of the first batch of projects under the Belt and Road Initiative, it has become a flagship project for international cooperation.

The SINAR Project supports a PMB Petrochemical Project (hereinafter referred to as the PMB Project), located on Pulau Muara Besar in Brunei. With an initial investment of USD 3.45 billion and an annual refining capacity of 8 million tons, the PMB Project is the largest overseas investment by a Chinese private enterprise. It has been included in the first batch of key projects under the Belt and Road Initiative and has been praised by President Xi as a flagship project for China-Brunei cooperation. The petroleum refining process is highly complex, involving multiple stages such as heating, cooling, catalysis, and compression, and the equipment scale is massive. The PMB Project has introduced the world's largest single-series aromatics unit at the time, resulting in high electricity consumption and significant electricity costs.

The SINAR Project will be implemented in three phases, with the installation of solar PV panels. Once fully operational, the total installed capacity will reach 476MWp, significantly alleviating the electricity pressure on the PMB Project, reducing refining costs, and enhancing product competitiveness.

Yotai has tailor-made an energy storage solution for the SINAR Project, with a scale of 24MW/24MWh, comprising eight YTLS1T2981A energy storage systems. Each 20-foot container has a capacity of 2.98MWh, and the corrosion resistance rating reaches C5-M, meeting the marine environment requirements of Pulau Muara Besar. After the project is commissioned, it will greatly improve the local consumption of photovoltaic green electricity in the SINAR Project, reduce electricity costs, and provide backup power to enhance the stability of electricity supply.

It is worth noting that the YTLS1T2981A ESS adopts a low-voltage centralized framework, solving the heat dissipation issues caused by high-rate, high-current charging and discharging. This allows the system to achieve a charge/discharge rate of 1P, enabling faster charging speeds and higher discharge efficiency. The system can be fully charged or discharged within one hour, providing a large amount of electricity in a short period to meet the high-power response requirements of the scenario. Moreover, the 1P energy storage system can operate at full power throughout the cycle, improving the quality of current output.

Participating in the SINAR Project represents a milestone breakthrough for Yotai. Due to the high technical barriers, there are few actual implementations of 1P high-power energy storage projects in China and globally.

Yotai has not only filled the market gap but also demonstrated its strong technical capabilities. The successful export of its products has showcased the "Chinese solution" for high-power energy storage to overseas customers, becoming a key gateway for Yotai to enter the international market.

Additionally, the large scale of the project and its influence as part of the first batch of key projects under the Belt and Road Initiative will create a significant demonstration effect. This marks a new starting point for Yotai's development and lays a solid foundation for its further expansion into international markets.