Jiangsu Hengan zinc-bromine liquid flow energy storage battery project with a total investment of US$500 million starts trial production in the first phase

On October 15, the first phase of the trial production of Jiangsu Hengan zinc-bromine liquid flow energy storage battery project was held in Jiangning Economic and Technological Development Zone. Lin Tao, member of the Standing Committee of Nanjing Municipal Party Committee and Secretary of Jiangning District Party Committee, Hong Lilai, Deputy Secretary of District Party Committee and District Mayor, Zhang Huiqi, Director of Jiangning Development Zone Management Committee, Lu Ke, Executive Director of China Anchu Energy Group Co., Ltd. and General Manager of Hengan Energy Storage, Peng Zuncheng, Executive Director of China Anchu Energy Group Co., Ltd., and Zhao Feng, Executive Director of Hengan Energy Storage, attended the event.

Hengan Energy Storage is an internationally leading liquid flow battery R&D and production company, dedicated to providing high-performance, low-cost, large-capacity power storage products and solutions. Through independent innovation, Hengan Energy Storage has successfully developed my country's first set of zinc-bromine liquid flow batteries and key materials such as battery separators, plates and electrolytes, filling the technological gap in this field in my country. At present, it is at the international advanced level in the fields of key battery materials, battery stack processing and assembly, and battery management systems.

Power storage is a strategic emerging industry in my country and one of the core equipment for my country to establish a new power system based on renewable energy. It will create a market worth hundreds of billions of yuan. The Hengan Energy Storage Zinc-Bromo Flow Battery Project was signed and landed in Jiangning Economic and Technological Development Zone in March 2022. The project covers an area of ​​107 acres, with a planned production capacity of 4.5GWH and a total investment of US$500 million. After completion, it will become the world's largest zinc-bromo flow battery production base, and can achieve an annual output value of 5 billion yuan and tax revenue of 300 million yuan after reaching full production.

The Hengan Energy Storage zinc-bromine liquid flow energy storage battery project is an important breakthrough of the Jiangning Economic and Technological Development Zone. The project seized the major opportunity of the country's "dual carbon" and was officially signed in the first half of this year. It took only half a year to achieve trial production and completed the goal of signing and putting into production in the same year, which fully demonstrated the speed of Hengan and the efficiency of Jiangning. The two parties will also accelerate the construction of the second phase of the project and strive to achieve full production and effectiveness in 2023.

Jiangning District and Development Zone leaders Lin Yunfei, Pang Zhigui, Zhou Qiang, Chen Zhihai, and Jiangsu Hengan Energy Storage Technology Co., Ltd. Deputy General Managers Liu Xuejun, Xia Keying, Xu Jinliang and others attended the event and participated in the investigation.