On July 7, 2023, Chen Peiyi, Vice President of xxxx, stated at the 2023 High tech Energy Storage Industry Summit: As a safe, efficient, and flexible energy storage solution, all vanadium liquid flow energy storage system has enormous development potential to address issues such as energy supply and demand balance and power storage. With the rapid development of renewable energy and the popularization of specific applications, all vanadium liquid flow energy storage technology will be widely applied in various projects such as shared energy storage stations, industrial and commercial energy storage stations, optical storage charging stations, and new energy storage stations

Chen Peiyi, Vice President of xxxx

The commercialization process of all vanadium liquid flow energy storage technology is accelerating. In his speech, Chen Peiyi introduced to the attendees the breakthrough progress made by xxxx in technology innovation and product development. Relying on the deep technological accumulation of Chief Scientist of xxxx, Professor Liu Suqin of Central South University, and Central South University in the field of all vanadium flow batteries, xxxx has completed the development of a high-performance all vanadium flow energy storage system, which has four major advantages: safety, efficiency, intelligence, and reliability. The system efficiency reaches over 75%, can achieve more than 25000 charges and discharges, and has a service life of over 25 years, ranking at the leading level in the industry.

Chen Peiyi predicts that long-term energy storage of over 4 hours, which is compatible with renewable energy grid connection, is becoming the next wind outlet in the construction of new power systems. Among them, all vanadium liquid flow energy storage is currently the most successful industrialized liquid flow technology route, with advantages such as safety, long service life, and flexible configuration, making it the best choice for long-term energy storage.

The full vanadium liquid flow energy storage market has broad prospects, but it still faces a series of challenges, such as raw material supply and cost, efficiency improvement, etc. Chen Peiyi emphasized the importance of integrated layout. Vanadium pentoxide, as an important raw material for the all vanadium liquid flow energy storage system, has a significant impact on system performance and cost. To ensure the safety of raw material supply and improve product economy, xxxx has opened up xx vanadium ore resources and further developed strategic cooperation with xx raw material enterprises. In addition, on the basis of ensuring the supply of raw materials, xxxx can also recover vanadium electrolyte through financing leasing, forming a closed-loop of "production use recovery", thereby reducing the initial investment of the project and reducing the financial pressure on users in the early stage.

Driven by the dual carbon strategy and energy transformation, the utilization of renewable energy has entered a new stage of large-scale implementation, and long-term large-scale energy storage is an important guarantee. On the eve of the outbreak of the all vanadium flow battery industry market, xxxx will continue to increase research and development investment, provide safer, more economical, and higher customer value products and solutions, and help build a green and low-carbon energy future.