The cost of energy storage will be reduced to 0.2 yuan per kilowatt-hour within three years! Academician Du Xiangwan of the Chinese Academy of Engineering and his delegation visited Weijing Energy Storage for inspection and exchange

On October 12, Mr. Du Xiangwan, former vice president of the Chinese Academy of Engineering, academician of the Chinese Academy of Engineering, deputy director of the National Energy Advisory Expert Committee, and chief consultant of Weijing Energy Storage's carbon neutrality, and his delegation visited the Weijing Energy Storage Green Future Exhibition Center for inspection and exchange.

▲ Ge Qun introduced the long-term energy storage industry and the recent development of Weijing Energy Storage to Academician Du Xiangwan

Chairman Ge Qun gave Academician Du Xiangwan a comprehensive introduction to the current status and development trends of the new energy and long-term energy storage market. He elaborated on the scientific and technological innovation achievements, industrial layout, and the planning of the "Super G Factory" of intelligent manufacturing of Weijing Energy Storage. Chairman Ge Qun particularly emphasized the technical advantages of Weijing Energy Storage's flow battery in the field of long-term energy storage, as well as the company's firm determination and practical actions in promoting the transformation of the energy structure. He pointed out that zinc-iron flow batteries have the characteristics of intrinsic safety, ultra-low cost, long-term energy storage, and easy deployment. At the same time, the products are environmentally friendly and sustainable. The rich practical application scenarios of zinc-iron flow battery products will provide strong support for achieving the "dual carbon" goal. Weijing Energy Storage hopes to work together with the entire industry to reduce the cost of energy storage to 0.2 yuan per kilowatt-hour within three years, so that the comprehensive cost of new energy power generation will be lower than that of coal. Improve the economic efficiency of new energy and enhance the vitality of new energy markets such as wind and light.

Academician Du Xiangwan emphasized that the common task of the world is to gradually shift from fossil energy to non-fossil energy, and the world is accelerating into the era of renewable energy. China's recoverable coal reserves are insufficient to support 40 years, and the depletion trend of coal resources has forced China to accelerate the green transformation of its energy structure. As the main renewable energy sources, solar energy and wind energy are volatile, intermittent and random. They must be flexible through the application of long-term energy storage technologies such as flow batteries to form a real "smart energy". "New energy + long-term energy storage" can effectively improve the level of renewable energy consumption and the stability of power grid operation, and promote the transformation of energy structure from fossil energy to non-fossil energy. Weijing Energy Storage is committed to the iteration of intrinsically safe, ultra-low electricity cost long-term energy storage battery technology, and the realization of large-scale production, which is a long-term and important direction of effort.

Academician Du asked in detail about the scientific research and technology research and development of Weijing Energy Storage and the construction of scientific research talent teams. In combination with the new trend of the reform of the scientific and technological research and development mechanism of the Chinese Academy of Engineering, he suggested carrying out long-term energy storage technology and engineering industry-university-research collaborative innovation, and jointly cultivating high-quality engineering and technical talents across fields. This year coincides with the 60th anniversary of the successful explosion of my country's first atomic bomb. Academician Du also encouraged the Weijing Energy Storage team to learn and inherit the spirit of "two bombs and one satellite", unite as one, stimulate innovation vitality, solve the technical problems and market challenges of overcoming the "bottleneck" of long-term energy storage, promote the continuous progress and development of new energy and long-term energy storage technology, and contribute more to the country's new energy strategy.

Chairman Ge Qun expressed his heartfelt gratitude to Academician Du for his earnest expectations and pointed out that liquid flow battery technology is the core competitiveness of Weijing Energy Storage. The company will continue to integrate resources, strengthen the R&D team, improve R&D capabilities, optimize intelligent manufacturing production processes, reduce costs, improve product performance and reliability, optimize and integrate the supply chain, etc., to accelerate the commercialization and application of liquid flow batteries, and promote the continuous integration of long-term energy storage and new power systems. At the same time, with the widespread application of emerging technologies such as the Internet of Things, big data, and artificial intelligence, new power systems will become more digital and intelligent. Weijing Energy Storage will also continue to contribute to the digital and intelligent development of long-term energy storage technology and create a future where people and nature will live forever.