New energy storage subsidy policy released in Changsha, Hunan with a maximum reward of 10 million yuan!

On February 3, Changsha Municipal Bureau of Industry and Information Technology and Changsha Municipal Finance Bureau issued the Implementation Rules of the Opinions on Supporting the Development of Advanced Energy Storage Materials Industry. The Implementation Rules clearly stated:

Based on operating income, eligible large-scale advanced energy storage material companies will be given a reward of 0.15 yuan per kilowatt-hour of increase in electricity consumption in the previous year. The annual reward amount for a single company shall not exceed 10 million yuan.

Newly introduced advanced energy storage material enterprises that have completed fixed asset investment of RMB 100 million (inclusive) or more will be awarded RMB 0.15 per kilowatt-hour, calculated based on 30% of actual electricity consumption for one year from the date of production. The annual award for a single enterprise shall not exceed RMB 10 million.

Support enterprises to use energy storage power stations to reduce electricity costs, and give the operating entities of energy storage power stations a reward of 0.3 yuan/kWh based on the actual discharge of the energy storage power stations. The annual reward amount for a single enterprise shall not exceed 3 million yuan.

The following is the original text

Notice of Changsha Municipal Bureau of Industry and Information Technology and Changsha Municipal Finance Bureau on Issuing the Implementation Rules of the Opinions on Supporting the Development of Advanced Energy Storage Materials Industry

The Science and Technology Innovation and Industry Promotion Bureau and the Finance Bureau of Xiangjiang New Area, the Industry and Information Technology Bureau and the Finance Bureau of each district, county (city), and the Economic Development (Industry) Bureau and Finance Branch of each park:

In accordance with the spirit of the document "Implementation Opinions on Supporting the Development of Advanced Energy Storage Materials Industry" (Changzhengbanfa [2022] No. 50) issued by the General Office of the Changsha Municipal People's Government, the "Implementation Rules of the Implementation Opinions on Supporting the Development of Advanced Energy Storage Materials Industry" are now issued to you. Please implement them conscientiously.

Appendix: 1. Implementation Rules of the Opinions on Supporting the Development of Advanced Energy Storage Materials Industry

2. Changsha Advanced Energy Storage Materials Industry Strong Chain Product List (2023)

Changsha Municipal Bureau of Industry and Information Technology Changsha Municipal Finance Bureau
February 1, 2023

Annex 1

Implementation Rules of the "Implementation Opinions on Supporting the Development of Advanced Energy Storage Materials Industry"

In order to promote the development of advanced energy storage materials industry in Changsha, these implementation rules are formulated in accordance with the "Implementation Opinions of the General Office of the Changsha Municipal People's Government on Supporting the Development of Advanced Energy Storage Materials Industry" (Changzhengbanfa [2022] No. 50).

I. Applicant and Scope

(1) Enterprises in the field of advanced energy storage materials, energy storage power station operating enterprises, and strong supply chain list product procurement enterprises that are registered and operated in Changsha and pay taxes in accordance with the law, have independent legal person status, sound financial systems, and implement independent accounting, as well as industry organizations and public service agencies that meet the requirements.

(2) It is not included in the blacklist management of the integrity system, has no major violation record, and no major safety, environmental protection, fire protection and other accidents have occurred in the previous year.

(III) Focus on supporting the advanced energy storage materials industry including precursors, cathode materials, anode materials, separators, electrolytes, batteries, and battery recycling.

(IV) Other requirements stipulated by policies.

II. Application conditions and materials

1. Basic materials that all applicants need to provide

1. Project application form;

2. Business license with unified social credit code certificate;

3. Submit a letter of commitment on integrity.

(II) Application categories

1. Electricity Incentive Program

(1) Based on the operating income, qualified advanced energy storage material enterprises above a certain scale will be given a reward of RMB 0.15 per kilowatt-hour of electricity consumption increase in the previous year. The annual reward amount for a single enterprise shall not exceed RMB 10 million.

Application conditions: ① The applicant enterprise is a production-oriented enterprise above a certain scale in the advanced energy storage material industry; ② The applicant enterprise’s operating income from advanced energy storage material products in the previous year was more than RMB 500 million and its operating income from advanced energy storage material products in the previous year increased by 20% (inclusive) or more year-on-year; ③ The applicant enterprise’s industrial electricity consumption in the previous year showed positive growth.

Application materials: ① Financial audit reports for the past two years issued by an accounting firm (codes are required, financial audit reports issued before October 1, 2022 must be stamped, and operating income from advanced energy storage material products must be listed separately); ② Proof of corporate tax payment in the previous year; ③ Data on corporate industrial electricity consumption in the past two years (data verified by State Grid Changsha Power Supply Company shall prevail).

(2) For newly introduced advanced energy storage material enterprises that have completed fixed asset investment of RMB 100 million (inclusive) or more, a reward of RMB 0.15 per kilowatt-hour will be given based on 30% of the actual electricity consumption for one year from the date of production. The annual reward amount for a single enterprise shall not exceed RMB 10 million.

Application conditions: ① The applicant enterprise is an advanced energy storage material production enterprise and has settled in Changsha two years before the project application year (completed independent legal person industrial and commercial registration in Changsha); ② The enterprise has completed fixed asset investment of more than 100 million yuan (excluding land payment); ③ It has been one year since the date of production (the date of production is based on the date when the first production line of the project is powered on).

Application materials: ① Basic information of the project (mainly including construction background, construction location, construction content, technical process, total investment and funding sources, and the implementation of various construction conditions); ② Certification of the production date issued by the Industry and Information Technology Bureau of the district, county (city) and the industrial (economic development) department of the park; ③ Fixed asset investment audit report issued by an accounting firm (code required, including details of the use of funds for factory buildings, land, various equipment, etc., the corresponding physical workload generated, etc.); ④ Data materials on the enterprise's industrial electricity consumption within one year from the date of production (subject to the data verified by the State Grid Changsha Power Supply Company).

(3) Support enterprises to use energy storage power stations to reduce electricity costs, and provide energy storage power station operators with a reward of 0.3 yuan/kWh based on the actual discharge of the energy storage power station. The annual reward amount for a single enterprise shall not exceed 3 million yuan.

Application conditions: ① The applicant company is the operator of the energy storage power station; ② The users of the energy storage power station are only advanced energy storage material companies.

Application materials: ① Project construction, operation contract and project filing documents; ② Proof of actual discharge volume given to advanced energy storage material enterprises by energy storage power stations in the previous year (based on data verified by State Grid Changsha Power Supply Company); ③ Proof of electricity consumption of user units of energy storage power stations; ④ Chemical energy storage power stations need to provide purchase or lease contracts for energy storage batteries.

2. Innovation Encouragement Project

(4) A maximum of RMB 100 million in funding will be provided to newly approved national technology innovation centers and national industrial innovation centers on a case-by-case basis. A maximum of RMB 5 million in funding will be provided to newly approved national key laboratories. A one-time award of RMB 2 million will be given to newly approved national enterprise technology centers, national engineering (technology) research centers, national manufacturing innovation centers, and national manufacturing champions.

Support methods: ① For units newly approved as national technology innovation centers and national industrial innovation centers, the project application work will be supported by the relevant leading units on a case-by-case basis; ② For units newly approved as national key laboratories, the project application work will be implemented in accordance with the "Changsha Action Plan for Promoting the Transfer and Transformation of Scientific and Technological Achievements (2022-2024)"; ③ For units newly approved as national manufacturing innovation centers, the project application work will be implemented in accordance with the "Changsha Special Awards for Technological Innovation in the Field of Industry and Information Technology" (Changgongxin Kejifa [2019] No. 97); ④ For units newly approved as national manufacturing single champions, the project application work will be implemented in accordance with the "Several Opinions on Promoting the High-Quality Development of Small, Medium and Micro Enterprises in Changsha" (Changzhengbanfa [2022] No. 4).