2022 is the year that China’s energy storage explosion takes off.In mid-October, a 100-megawatt heavy electrochemical energy storage project with the participation of the Chinese Academy of Sciences will be connected to the Dalian grid for commissioning. It is China’s first 100MW national demonstration project for electrochemical energy storage, and the world’s largest liquid flow battery energy storage peak regulation power station with the largest power and capacity.
It also suggests that China’s energy storage is making a swift entry.
But that’s not the end of the story. China’s first-class energy storage power station has been started in Xinjiang, after which Guangdong’s first-class energy storage demonstration project, Hunan’s Rulin Energy Storage Power Station, Zhangjiakou Compressed Air Energy Storage Power Station and additional 100-megawatt energy storage projects have been connected to the grid.
If you take the whole country into account, there are more than 65 100-megawatt storage plants planned or in operation in China. That’s not the biggest exaggeration. Recent investment in energy storage projects in China could exceed 1 trillion yuan by 2030, according to the National Energy Administration.
In the first 10 months of 2022 alone, China’s total investment in energy storage projects has exceeded 600 billion yuan, surpassing all previous Chinese investments. Outside the country, energy storage markets are being mapped out in Europe, the United States, Japan and South Korea and even Saudi Arabia. The layout time and scale are not less than ours.
That said, China, and the world in general, is experiencing the biggest wave of energy storage construction. Some industry insiders say: The last decade was the world of power batteries, the next is the game of energy storage.
Huawei, Tesla, Ningde Times, BYD and additional international giants have joined the race. Competition is being launched that is more intense than the competition for power batteries. If anyone comes forward, it may well be the man who gave birth to the current Ningde Times.
So the question is: why the sudden explosion of energy storage, and what are the countries fighting over? Can Yongchao gain a foothold?
The explosion of energy storage technology is totally Chinese-related. The original energy storage technology, which should be best known as battery technology, was invented in the 19th century and later developed into a variety of energy storage devices, ranging from water heaters to photovoltaic power stations and energy storage hydropower stations.
Energy storage has become an infrastructure. China in 2014 was the first to name energy storage as one of the nine key areas of innovation, but it is particularly the hot field of energy storage technology in 2020 as China this year reached the peak of its two carbon-neutral targets, sparking a revolution. The world’s energy and energy storage will shift accordingly.
Lead batteries account for only 4.5 percent of the total because of their poor performance, while sodium-ion and vanadium batteries are considered by numerous to be the most likely replacements for lithium-ion batteries in the future.
Sodium ions are more than 400 times more abundant than lithium ions, so it’s considerably cheaper, and it’s chemically stable, so you have no lithium burning and explosions.
Thus, in the context of limited lithium-ion resources and increasing battery prices, sodium-ion batteries have emerged as the next generation of numerous perpetual super technologies. But Yongchao is aiming for more than sodium-ion battery technology. We are pursuing the industry benchmarking of vanadium ion battery technology in the Ningde era.
The resources and safety of vanadium ion batteries are higher than those of lithium ions. In terms of resources, China is the world’s richest country in vanadium, with 42 percent of reserves, most of which are easily mined vanadium-titanium-magnetite.
In terms of safety, vanadium flow battery electrolyte with dilute sulfuric acid solution containing vanadium ions, will not occur combustion and explosion, and the liquid electrolyte, can be stored in the storage tank outside the battery, does not occupy the resources inside the battery, as long as the external vanadium electrolyte, the battery capacity can also be increased.
As a result, with the support and encouragement of national policies, Yongchao Technology is rapidly developing on the path of battery technology research and development.
Post time: Oct-25-2022