NEW YORK, Dec. 16, 2022 /PRNewswire/ -- Tuya Smart
(NYSE: TUYA, HKEX: 2391), a global IoT development platform service
provider, announced a partnership with Yiyen Electric Technology
Co., Ltd (Yiyen) to enable customers to provide their users with an
all-in-one smart energy management system that integrates energy
storage, charging and energy usage capabilities. In addition, Tuya
will provide Yiyen with advanced smart equipment for energy storage
and work together with them to promote the usage of sustainable
energy for a brighter future.
With the support of Tuya House & Community and Yiyen's
household energy storage products, both parties will provide
families with equipment, software controls and construction
services to help them live more sustainable lives. With the
solution's device-level data acquisition and analysis of household
energy consumption habits, it can inform households on how much
energy they have generated, used, stored, and saved. It can also
inform families about superior energy-usage strategies that can
help them use energy more efficiently and reduce power consumption
across their homes.
Across the industrial and commercial scene, by integrating Tuya
Commercial Lighting & Building solution with Yiyen's energy
storage products, both Companies will provide industrial and
commercial users with a one-stop smart energy management solution.
By taking multiple electricity prices in different periods into
consideration, it can draw efficient energy usage strategies for
managers to help them reduce energy consumption, lower emissions as
well as reduce the usage of electricity across the board.
Tuya's smart industry solutions will enable Yiyen to achieve
smart and visual management of multiple energy storage units and
energy storage systems. It will also help Yiyen improve their
energy management, increase the efficiency of their energy
operations along with helping them promote the development of the
energy storage industry.
In the future, Tuya will continue to deepen its collaboration
with Yiyen and devote more efforts and resources to develop the IoT
ecosystem and implement more smart energy solutions across various
industries. For example, both parties are planning to provide the
overseas RV market with a smart energy management solution, which
will help users solve practical energy problems, such as high
energy consumption rate of devices, unreasonable energy
distributions, and incomplete energy storage systems.
"Tuya is delighted to collaborate with Yiyen to jointly promote
the household energy storage and industrial and commercial energy
storage markets. This will further improve service capabilities
across smart energy management solutions, which will help create a
greener and more sustainable energy management system. By
leveraging Tuya's IoT development platform and Tuya's global
experience, coupled with Yiyen's overseas channels, both parties
will further enable global customers to provide high-standard and
reliable smart energy management solutions that can be quickly
deployed across smart energy management systems for overseas
households and industrial and commercial users. All of this will
promote the development of sustainable energy across the IoT
industry," said Eva Na, the Vice
President of Marketing and Strategic Cooperation, and CMO of
Tuya Smart.
"Since 2015, Yiyen has started to build out sustainable energy
solutions across the global IoT industry. Tuya's technologies will
provide more possibilities for Yiyen's energy storage business.
Both parties will jointly explore the global market so that
innovative smart energy management solutions can quickly penetrate
the market of household energy storage and industrial and
commercial energy storage. Furthermore, the applications scenarios
will boost the technology iteration and upgrading of the energy
storage industry, improve the complicity of the energy IoT
industry, promote more industries to realize energy transformation,
and achieve a win-win situation for everyone." said Xia Hongfeng,
the Chairman of Yiyen.
Founded in 2008, Yiyen is a high-tech enterprise dedicated to
the research and development and intelligent manufacture of
electronic and electrical technologies, providing core power
equipment and system solutions for the energy IoT industry. The
company is at the forefront of the electrochemical energy storage
field and the RV inverter market. Its independently developed EMS,
PCS, BMS and other systems have taken the lead in passing the CE,
UL, TUV, CQC and other international certifications. Its overseas
channels cover more than 130 countries and regions around the world
and have a leading position in the international market.
As the core for many IoT industry applications, energy storage
will bring a more complete energy management solution for smart
home, smart building, and smart industry sectors. In the future,
Tuya will continue to give play to its innovative technology and
large ecosystem, attract more customers from the energy industry to
join the construction of energy IoT, enable them with Tuya's
software technology, jointly help the integration of smart energy
management to more industrial scenarios, to stimulate vitality for
the various industries, and to achieve sustainable development.
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