{"id":96138,"date":"2025-11-21T04:10:37","date_gmt":"2025-11-20T18:40:37","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=96138"},"modified":"2025-11-27T04:19:32","modified_gmt":"2025-11-26T18:49:32","slug":"longi-potisedge-acquistion-mb3318","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/longi-potisedge-acquistion-mb3318\/","title":{"rendered":"Longi Reportedly Leaping Into Battery Storage"},"content":{"rendered":"

\"Longi<\/p>\n

Various reports indicate Chinese solar panel manufacturing goliath Longi is set to make its entrance into the energy storage market through the proposed acquisition of another company.<\/p>\n

Which Battery Manufacturer Is Longi Pursuing?<\/h2>\n

Canada’s PotisEdge<\/a>.<\/p>\n

A recent article on Opis states<\/a>:<\/p>\n

“According to the Shaanxi Provincial Administration for Market Regulation, LONGi plans to secure 61.9998% of PotisEdge\u2019s voting rights through a combination of equity acquisition, capital injection, and voting rights delegation, enabling the company to obtain independent control of PotisEdge.”<\/p><\/blockquote>\n

Longi’s peers and major competitors such as JinkoSolar, Trina Solar and Canadian Solar have already made the leap into storage.\u00a0 While Longi is a bit late to the game, better late than never as they say.<\/p>\n

Given how tough the PV market is at the moment for manufacturers due to super-low prices on solar panels, a situation brought about by cut-throat pricing wars that Longi has been an active part of, the acquisition could bring some sunshine to the company’s bottom line.<\/p>\n

Longi posted RMB 18.101 billion revenue for the third quarter of this year, down 9.8% year-over-year. Revenue to the end of September 2025 was CNY 50.915 billion, a 13.1% decrease on the previous year. It wasn’t great news, but Longi’s losses have been narrowing in recent quarters.<\/p>\n

There’s been no formal announcement from Longi as yet regarding the planned PotisEdge acquisition, but the Opis piece points out the nature of the deal may fall below the mandatory disclosure threshold for listed companies.<\/p>\n

Update November 27, 2025:<\/strong> Longi formally announced<\/a> a “collaboration” with PotisEdge on November 26.<\/p>\n

Who Is PotisEdge?<\/h2>\n

The firm has an unusual name \u2014 ‘potis’ may be the Latin word meaning ‘able’ or ‘capable”.<\/p>\n

Burnaby, British Columbia based PotisEdge was established in 2015. The company has manufacturing facilities in China \u2014 in Zhangjiagang \u2014 and a facility under construction in Suzhou. There’s also a factory in the USA (Atlanta, Georgia) being built. Along with other offices scattered across the globe, the firm has apparently recently set up an Australian headquarters, sales and service center in Melbourne.<\/p>\n

Among its product range, PotisEdge manufactures residential, C&I and grid-scale battery solutions and currently has a production capacity of 31 GWh annually.<\/p>\n

PotisEdge has been popping up around the place in Australia, most recently at the All Energy Australia event in Melbourne at the end of last month where it showed off some of its products<\/a>. At the event, the company inked several distribution agreements.<\/p>\n

PotisEdge home batteries<\/a>, specifically the low-voltage Aloe Pro series, have been approved for use by the Clean Energy Council in Australia. The firm also has a high-voltage home battery\u00a0 \u2014 the Nora T10 \u2014 that appears destined for our shores, but at the time of publishing the Nora T10 wasn’t yet approved for installation here.<\/p>\n

Longi At All-Energy<\/h2>\n

On a related note, Longi was also showcasing its wares at All-Energy this year<\/a>, including the:<\/p>\n