Zhonghe Energy Storage won the third prize of the Jinbo Award and the "Most Valuable Investment Project List"
Classification：Company News
- Author：ZH Energy
- Release time：2024-03-02
【 Summary 】The final of the Overseas Science and Technology Talent Competition of the "Smart Gathering Xiaoxiang · Jinbo Award" Global High level Talent Innovation and Entrepreneurship Competition, jointly organ
High performance and low-cost liquid flow battery long-term energy storage system Liquid flow batteries have become the safest and most flexible technology direction in large-scale energy storage applications, as they eliminate the risk of combustion and explosion of lithium batteries. It is expected to reach a market size of billions by 2030. Zhonghe Energy Storage is a leading global manufacturer of key materials and energy storage equipment for flow batteries, focusing on the research and development, manufacturing, and application of long-term energy storage technology for flow batteries. It is the earliest company in the world to commercialize the application of sulfur iron batteries. Currently, it is preparing to build the first national demonstration project of sulfur iron batteries at the megawatt hour level. It is expected to complete the demonstration project construction in 2024, launch commercial engineering products in 2025, and strive to achieve revenue of billions of yuan by 2030.
The biggest obstacle to the large-scale implementation of vanadium flow batteries at present is their high initial installation cost - more than twice that of lithium batteries, and the cost of vanadium electrolyte is already higher than that of lithium batteries. In order to reduce the initial installation cost of flow batteries, a new type of sulfur iron electrolyte has been developed by Zhonghe Energy Storage, which has a cost of only one tenth of vanadium electrolyte. Replacing vanadium electrolyte can reduce the initial installation cost of flow batteries to the same level as lithium batteries. The service life of liquid flow batteries is generally 2-3 times that of lithium batteries, so the full life cost of sulfur iron batteries can be as low as about half of that of lithium batteries, reaching a level of 0.2 yuan/kWh. With the current level of wind and solar power generation costs<0.2 yuan/kWh, the comprehensive electricity price cost of new energy can reach within 0.4 yuan/kWh, which is consistent with the grid electricity price and meets the economic indicators of new energy replacing thermal power generation, laying a technical foundation for achieving the "3060" dual carbon target.
The award is not only a recognition, but also an incentive. Zhonghe Energy Storage will continue to deepen its efforts in the field of long-term energy storage of liquid flow batteries, adhere to technological innovation, accelerate the industrialization of projects, and contribute to the construction of Changsha as a global research and development center city.
中和储能产品：全钒液流电池-储能系统/BMS
中和储能产品：液流电池-电极/隔膜
中和储能产品：液流电池-单电池/电堆
中和储能名列全球最值得关注的10家液流电池初创公司
融中财经访谈：中和储能谢伟，打造高技术壁垒液流电池材料产品
High performance and low-cost liquid flow battery long-term energy storage system Liquid flow batteries have become the safest and most flexible technology direction in large-scale energy storage applications, as they eliminate the risk of combustion and explosion of lithium batteries. It is expected to reach a market size of billions by 2030. Zhonghe Energy Storage is a leading global manufacturer of key materials and energy storage equipment for flow batteries, focusing on the research and development, manufacturing, and application of long-term energy storage technology for flow batteries. It is the earliest company in the world to commercialize the application of sulfur iron batteries. Currently, it is preparing to build the first national demonstration project of sulfur iron batteries at the megawatt hour level. It is expected to complete the demonstration project construction in 2024, launch commercial engineering products in 2025, and strive to achieve revenue of billions of yuan by 2030.
The biggest obstacle to the large-scale implementation of vanadium flow batteries at present is their high initial installation cost - more than twice that of lithium batteries, and the cost of vanadium electrolyte is already higher than that of lithium batteries. In order to reduce the initial installation cost of flow batteries, a new type of sulfur iron electrolyte has been developed by Zhonghe Energy Storage, which has a cost of only one tenth of vanadium electrolyte. Replacing vanadium electrolyte can reduce the initial installation cost of flow batteries to the same level as lithium batteries. The service life of liquid flow batteries is generally 2-3 times that of lithium batteries, so the full life cost of sulfur iron batteries can be as low as about half of that of lithium batteries, reaching a level of 0.2 yuan/kWh. With the current level of wind and solar power generation costs<0.2 yuan/kWh, the comprehensive electricity price cost of new energy can reach within 0.4 yuan/kWh, which is consistent with the grid electricity price and meets the economic indicators of new energy replacing thermal power generation, laying a technical foundation for achieving the "3060" dual carbon target.
The award is not only a recognition, but also an incentive. Zhonghe Energy Storage will continue to deepen its efforts in the field of long-term energy storage of liquid flow batteries, adhere to technological innovation, accelerate the industrialization of projects, and contribute to the construction of Changsha as a global research and development center city.
中和储能产品：全钒液流电池-储能系统/BMS
中和储能产品：液流电池-电极/隔膜
中和储能产品：液流电池-单电池/电堆
中和储能名列全球最值得关注的10家液流电池初创公司
融中财经访谈：中和储能谢伟，打造高技术壁垒液流电池材料产品