AlphaESS Released 2023 Sustainability Report, Highlighting Innovation and Environmental Responsibility

AlphaESS, a provider of energy storage solutions, has recently released its 2023 Sustainability Report, highlighting the company’s significant achievements and progress in Environmental, Social, and Governance areas. The report underscores AlphaESS's unwavering commitment to sustainable development and innovation in the clean energy sector.

Key Highlights of the 2023 Sustainability Report:

Addressing Climate Change

AlphaESS plays a pivotal role in the global energy transition, not only by providing advanced energy storage solutions but also by embedding clean and low-carbon practices within its operations. The company advocates for the adoption of distributed clean energy to enhance its utilization. By the end of 2023, AlphaESS had installed a total capacity of 1.45 MW of distributed photovoltaic (PV) systems on rooftops and carports at its headquarters. Between October and December 2023, these systems generated approximately 330,400 kWh of clean electricity, equivalent to a reduction of around 272.25 metric tons of carbon dioxide emissions. Additionally, AlphaESS leveraged its expertise to create an integrated green energy model, deploying a 2.5 MW/7.37 MWh energy storage system, a 30 kW/55 kWh energy storage system, and new energy charging stations, while ensuring seamless operation for both office and production needs.

Quality Management

At AlphaESS, product quality is considered the cornerstone of the business. The company is dedicated to continuously improving its product management capabilities and refining its quality management system. Stringent quality controls are implemented from the very beginning of product development, ensuring that every product delivered is of superior quality, reliability, and consistency, thereby providing an exceptional user experience.

Supply Chain Management

AlphaESS is committed to fostering a sustainable supply chain by extending its sustainability criteria to all partners and continually enhancing supplier management. As of the end of the reporting period, the company’s Supplier Relationship Management (SRM) system registered 2,477 suppliers, including 269 qualified suppliers and 2,208 potential suppliers. Among the qualified suppliers, 257 are based in mainland China, with the remaining 12 located in Hong Kong, Macao, Taiwan, and other overseas regions.

Employee Training and Development

AlphaESS places a strong emphasis on employee training and development. The company has established comprehensive training policies, including the Training Management Policy, New Employee Training Policy, and Mentor Management Policy. In 2023, the average training time per employee reached 32.03 hours, with a total of 12,769 training sessions conducted. Training expenses exceeded 3 million yuan, representing a 183% increase compared to 2022. This investment highlights AlphaESS’s commitment to the continuous education and skill enhancement of its workforce.

Occupational Health and Safety

Ensuring the health and safety of its employees is a top priority for AlphaESS. The company has implemented rigorous safety management policies, including the Workplace Production Safety Responsibility Guidelines and the Production Safety Inspection Policy. Specific safety management rules have been established for special operations and hazardous materials to improve workplace safety. The company regularly reviews and updates its health and safety protocols to ensure their effectiveness. By the end of the reporting period, all AlphaESS plants had achieved ISO 45001 certification for occupational health and safety management systems.

Product Research and Development

Innovation is at the heart of AlphaESS’s operations. The company has consistently enhanced its R&D management system and assembled a top-tier R&D team to drive efficiency and innovation. In 2023, AlphaESS’s R&D investments totaled approximately RMB 160 million, marking an 80% year-on-year increase. The company’s independent R&D efforts have led to significant advancements in core technologies, testing capabilities, and battery recycling. AlphaESS is also focused on enhancing the performance of energy storage products and introducing innovative solutions that address customer needs and differentiate the company in a competitive market.

Looking Ahead

As AlphaESS continues to move forward, its commitment to sustainability and innovation remains steadfast. The 2023 Sustainability Report not only highlights the company’s significant progress and achievements but also serves as the foundation for future endeavors. AlphaESS is dedicated to continuing its efforts in sustainable development and social responsibility, striving to exceed environmental and societal goals. Together with its partners and stakeholders, AlphaESS is excited to drive progress and contribute to a more sustainable future.