Zunyi Seizes a New Track in the Vanadium Flow Battery Industry, Guizhou Zhixi Technology Co., Ltd. Phase I Project Officially Launched

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2021-11-12 11:03

China Ferroalloy Network: On September 19th, the first phase project of Guizhou Zhixi Technology Co., Ltd. was officially put into operation, marking the initial formation of the industrial chain for the production and research and development of all vanadium flow battery energy storage in Zunyi.

China Ferroalloy Network: On September 19th, the first phase project of Guizhou Zhixi Technology Co., Ltd. was officially put into operation, marking the initial formation of the industrial chain for the production and research and development of all vanadium flow battery energy storage in Zunyi.

"All vanadium flow batteries have the characteristics of long-term energy storage, safety, long service life, and unlimited expansion." Jiang Xinxi, Chairman of Guizhou Zhixi Technology, said that vanadium flow battery energy storage is a "potential stock" of new energy storage in the industry, which has moved from the laboratory to the power generation side, grid side, and user side.

Guizhou Zhixi Technology Co., Ltd. was fully invested by Guangzhou Zhixi Technology Co., Ltd. and settled in Zunyi High tech Industrial Development Zone in November 2022 through investment attraction. The first phase of the project invested 310 million yuan, mainly to build a production base for battery stacks, perfluorinated ion membranes, and all vanadium electrolytes.

It is understood that Guangzhou Zhixi Technology Company has 15 patents in the field of all vanadium flow battery energy storage and has independent research and development capabilities. The performance of the perfluorinated ion membrane products produced by the company has reached the international advanced level, and the all vanadium electrolyte products are also among the first tier in domestic and foreign related products.

This year, Xintian Green Energy Co., Ltd., which focuses on wind power and natural gas operations and is listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange, has signed two cooperation agreements with Guizhou Zhixi Technology for all vanadium flow battery energy storage projects. The two sides will enrich their business areas and expand market channels from energy storage, energy, and market aspects.

In addition, Guizhou Zhixi Technology has also reached an intention with Guizhou Green Industry Technology Research Institute to jointly establish Guizhou Liquid Flow Energy Storage Research Institute and jointly layout the market.

"The company plans to invest 3 billion yuan in the next step, planning 150 acres of land in Zunyi to expand the production capacity of all vanadium flow batteries, with an expected capacity of over 6GW (gigawatts) of installed capacity." Jiang Xinxi said.

It is reported that the all vanadium flow battery energy storage project is one of the achievements made by Zunyi in fully promoting the development of the new energy industry. In recent years, the development trend of the new energy power battery and material research and development related industries in Zunyi City has been good. In 2022, the output value was 7.764 billion yuan, a year-on-year increase of 112.1%. From January to July this year, the completed output value was 5.585 billion yuan, and the annual output value is expected to exceed 10 billion yuan.

At present, Zunyi is focusing on building a provincial key park for the new energy battery and material industry, striving to become an important development pole for the research and production of new energy power batteries and materials in the province. It is expected that by the end of the 14th Five Year Plan period, Zunyi can establish a complete high-quality development system for the new energy battery material industry, and the industrial annual output value of new energy battery and material enterprises above designated size will reach 12 billion yuan.