The construction of Xingchen New Energy Yumen All-vanadium Liquid Flow Energy Storage Industrial Park officially started, and the layout of the entire industrial chain accelerated

On March 21, 2024, the Yumen City March 2024 key project and Gansu Xingchen Huarui all-vanadium liquid flow energy storage battery project were grandly launched. Zheng Xianghui, deputy mayor of Jiuquan Municipal Government, Wang Chao, secretary of Yumen Municipal Party Committee, Li Yingwei, deputy secretary of Yumen Municipal Party Committee and mayor of Yumen Municipal Government, Li Yuxiang, chairman of the Municipal CPPCC, and Liu Na, chairman of Xingchen New Energy, attended the ceremony.

Groundbreaking ceremony

In a warm atmosphere, Zheng Xianghui, deputy mayor of Jiuquan Municipal Government, announced the concentrated start of the projects.

Wang Chao, secretary of the Yumen Municipal Party Committee, pointed out in his speech that all levels and departments must double their confidence and enthusiasm, take on responsibilities that are heavier than Mount Tai, run at the speed of a leader, focus on optimizing the business environment, serve and ensure the construction of various projects such as the Xingchen New Energy All-vanadium Liquid Flow Industrial Park, optimize and enhance the industrial layout, and go all out to promote the high-quality economic and social development of the city, create Yumen's glory again, and reproduce Yumen's glory. He hopes that the owners of each project will cherish time, reverse the construction schedule, and work according to the schedule, and do their best to speed up the pace of project implementation, accurately implement safety measures, strengthen project quality management, and strive to complete the project as soon as possible, put it into production as soon as possible, and achieve results as soon as possible.

Li Yingwei, deputy secretary of the Yumen Municipal Party Committee and mayor of the municipal government, presided over the ceremony. Shi Bin, member of the Standing Committee of the Yumen Municipal Party Committee, introduced the project at the ceremony.

Liu Na, Chairman of Xingchen New Energy, said at the groundbreaking ceremony that Jiuquan City, as an important node city in the Gansu section of the Silk Road Economic Belt and a provincial sub-center city, is the country's first 10 million kilowatt wind power base and 1 million kilowatt photovoltaic base, with a vast territory, rich power resources, superior development conditions, and a complete industrial foundation. With the strong support of the Jiuquan and Yumen municipal governments, Xingchen New Energy will take the project launch as a starting point, promote the project construction with high quality and fast pace, and help Jiuquan and Yumen cities create a new benchmark for green energy applications.

In 2023, my country's total installed capacity of renewable energy will reach 1.45 billion kilowatts, accounting for more than 50% of the country's total installed capacity of power generation, becoming a new force in ensuring power supply. However, due to the intermittent fluctuations of renewable energy, "new energy + energy storage" has become an inevitable choice for building a new energy system. As an important way of new energy storage, all-vanadium liquid flow batteries have the unique characteristics of intrinsic safety, long life, high flexibility and resource recycling, and are highly favored by the market.

The Gansu Xingchen Huarui all-vanadium liquid flow energy storage battery project that started construction this time will gradually build an all-vanadium liquid flow energy storage production system base with an annual output of 2GWh, an all-vanadium liquid flow R&D and testing center, a fully automated battery stack and key raw material production center, etc.

After the completion of the project, it will surely become the new "chain leader" of the all-vanadium liquid flow energy storage industry chain in Jiuquan City, Yumen City and even Gansu Province, and an important leader in the new energy storage industry in the Northwest wind and solar base, injecting new impetus into the realization of regional economic transformation and sustainable development in the Northwest region.

Since its establishment in 2021, Xingchen New Energy has always promoted the development of the entire industrial chain with an integrated vertical layout. First, it has its own high-quality vanadium mines, controls costs starting from raw materials, and ensures the stability and reliability of supply; second, it has built a short-process electrolyte production base to significantly reduce manufacturing costs and intermediate materials. At the same time, in Changzhou, which has a rich supporting industrial chain, it has built the world's first fully automated all-vanadium liquid flow battery production line, effectively ensuring the consistency level of liquid flow battery products, establishing a flexible production intelligent manufacturing system and a digital system for the entire product life cycle, and significantly reducing production costs.

The establishment of Xingchen New Energy's all-vanadium liquid flow energy storage industrial park in Yumen City, Jiuquan City, is an important practice for Xingchen New Energy to consolidate its advantages in the entire industrial chain and develop an integrated approach. In the future, the industrial park project will attract more upstream and downstream enterprises in the all-vanadium liquid flow battery energy storage system industry chain to gather and form the largest vanadium energy storage industry cluster in China.

Li Zongliang, deputy director of the Yumen Municipal People's Congress Standing Committee, and Kou Shoude, deputy chairman of the Yumen Municipal CPPCC, attended the meeting.