On July 11th, Beijing xxxx Co., Ltd. (referred to as xx Group) signed a strategic cooperation framework agreement with the Chengde Municipal People's Government (referred to as Chengde Municipal Government) and Kunlun xxxx Co., Ltd. (referred to as Kunlun xx) for the manufacturing project of all vanadium liquid flow energy storage batteries. Cui Wanfeng, Vice Mayor of Chengde City, Wang Xueyuan, Vice President of xx Group and General Manager of Chengde xx, and Fang Han, CEO of Kunlun xx Group, respectively signed the agreement on behalf of all parties.
According to the agreement, both parties will cooperate on projects such as high-purity vanadium, electrolyte, and vanadium battery system integration based on the principles of "complementary advantages, mutual benefit, and collaborative development", jointly develop the all vanadium flow energy storage battery industry, and work together to create the "China Vanadium Valley National All Vanadium Flow Energy Storage Industry Base".
Wang Xueyuan briefly introduced the basic situation of Chengde xx and the project overview of this signed cooperation. He pointed out that Chengde xx is the only enterprise in China that integrates the comprehensive utilization of vanadium and titanium resources and the production of special steel, with a production capacity of 14000 tons of high-quality vanadium pentoxide and vanadium nitrogen alloy. He stated that in the next step, Chengde xx will vigorously promote the construction of high-purity vanadium and electrolyte production projects, and provide supply guarantee for the required vanadium pentoxide for the project.
Cui Wanfeng stated that vanadium electrolyte batteries are currently the safest, greenest, longest storage time, and most environmentally friendly energy storage method. Chengde City has 84 billion tons of vanadium titanium magnetite resources and over 30 million kilowatts of clean energy. xx Group is taking the lead in promoting the construction of the all vanadium liquid flow energy storage battery project, which is of great significance for the efficient development and utilization of Chengde vanadium titanium resources and supporting the development of the new energy industry. Chengde is the cradle of China's vanadium and titanium industry, and also the first producer of vanadium containing steel in China. We hope that this tripartite cooperation can accelerate the implementation of the project and further promote and strengthen the vanadium and titanium industry in Chengde.
Fang Han briefly introduced the basic situation of Kunlun xx, and focused on introducing Beijing xxxx Co., Ltd. (referred to as xx New Energy), which is controlled by the company. He stated that new energy storage is an effective way for the power system to achieve peak shaving and valley filling under the "dual carbon" goal, and to ensure the stability of the new power system. xx New Energy is engaged in the research and development and manufacturing of all vanadium flow batteries, and can provide leading large-scale energy storage solutions in China. Kunlun xx will promote the implementation of high-quality project construction, playing a demonstration and leading role in the development of the all vanadium liquid flow energy storage battery industry.
Zhang Zhixiang, Chairman and President of xx Group, expressed gratitude to the Chengde Municipal Government for its continuous support and welcomed the joint development of all vanadium flow battery projects by Kunlun xx and xx New Energy with xx Group. He pointed out that xx Group has rich reserves of vanadium and titanium resources, and has the resource advantage of developing the all vanadium liquid flow energy storage battery industry. At present, China is accelerating the construction of a new power system and vigorously promoting new energy generation. The wind power and photovoltaic market has broad prospects, but it is greatly affected by factors such as season and day and night. The development of long-term and safe energy storage technology is the key to solving the unstable problem of new energy generation. He hopes that the three parties can leverage their respective advantages to jointly promote the acceleration of the implementation of the all vanadium flow battery project in Chengde City. At the same time, guided by the demand for new energy generation in Chengde City and based on the cooperation project of high-purity vanadium and vanadium electrolytes, a group of leading enterprises in the vanadium battery industry chain will be introduced to strengthen the collaboration and linkage between the upstream and downstream of the industry chain, promote the construction of the vanadium battery industry cluster, and build Chengde into a national level vanadium battery energy storage demonstration base as soon as possible.
Chengde Mayor Wang Yajun stated that xx Group is a backbone enterprise in the Chengde region, and green mines, special steel, and vanadium titanium new materials provide important support for the construction of the relevant industrial chain in Chengde. Xx Group has also fully utilized its platform advantages to attract excellent upstream and downstream enterprises to settle in Chengde, making outstanding contributions to the development of Chengde city. The signing of this tripartite agreement can not only achieve a win-win situation for both enterprises, but also greatly benefit Chengde City. He hopes that all parties will pay high attention to this cooperation, quickly promote project construction, achieve project implementation as soon as possible, strengthen the formulation of vanadium battery energy storage industry standards, and jointly promote the healthy development of industry norms. The Chengde Municipal Party Committee, Government, and relevant departments will fully cooperate to provide support services for the project implementation, and fully promote the high-quality development of the new energy and energy storage industry in Chengde.
Yang Hailong, Deputy Director of the Management Committee of Chengde High tech Zone, Xue Lianti, Secretary General of the Municipal Government, Xu Jianmin and Sun Zhiqiang, Deputy Secretary General of the Municipal Government, Pang Jilei, Deputy General Manager of Kunlun xx Government Relations, Huang Dan, Vice President of xx Group, Wang Fei, Investment Director, and Cong Gechen, Deputy General Manager of Huaxia xx attended the meeting.
