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NEW ENERGY TRANSPORTATION SYSTEMS

Asia s new vanadium titanium energy storage battery base

The VRFB production base and Dunhuang vanadium industry chain project combines the advantages of Dunhuang vanadium ore resources and wind and solar resources with the patented technology of vanadium battery research and production of Chengde Xinxin Vanadium and Titanium Energy Storage Technology Co., Ltd., and plans to invest 1 billion Yuan in Dunhuang City to build a 1GW energy storage system production line for VRFB. [pdf]

New energy battery cabinet aging test

In the production, R&D and quality inspection of lithium batteries, the battery aging cabinet is the core equipment to ensure the performance and safety of the battery - it simulates the charging and discharging cycle during the long-term use of the battery to screen out unqualified products with fast capacity decay and poor safety, and builds a solid quality defense line for downstream applications (such as new energy vehicles, energy storage systems, consumer electronics). [pdf]

New energy storage is listed as the main body of the field

Pumped storage is still the main body of energy storage, but the proportion of about 90% from 2020 to 59.4% by the end of 2023; the cumulative installed capacity of new type of energy storage, which refers to other types of energy storage in addition to pumped storage, is 34.5 GW/74.5 GWh (lithium‐ion batteries accounted for more than 94%), and the new incremental growth in 2023 is 260% year‐on‐year; the price of lithium‐ion batteries has dropped significantly.10–12 However, according to the data from China Electricity Council (CEC),the average annual utilisation hours of new energy storage in 2023 is 615 h, and the utilisation level is generally not high.10 Therefore, it is necessary to sort out the demands and challenges of energy storage technology to provide reference for the development of the energy storage industry. [pdf]

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