Recently, Beijing Xingchen New Energy Technology Co., Ltd. (hereinafter referred to as "Xingchen New Energy") has received strategic investment from many powerful industry investors such as State Power Investment Industry**, Minmetals Venture Capital, CRRC Capital, Chinese Academy of Sciences Capital, Guojing Capital, Changzhou Industry**, Jiangsu Wujin High-tech Investment, Changzhou Science and Technology Venture Capital, etc. This investment will be mainly used for the research and development of new products and materials, helping project delivery, and further expanding the production capacity of Changzhou Xingg Intelligent Manufacturing Base, etc., to comprehensively accelerate the development of Xingchen New Energy and the large-scale implementation of the all-vanadium liquid flow energy storage project.
Taking this investment as an opportunity, the ecological layout of Industry**, Minmetals Venture Capital, CRRC Capital, and Chinese Academy of Sciences Capital in the field of new energy will form a deep synergy with Xingchen New Energy, providing important support for Xingchen New Energy's technological innovation, market expansion and industrial chain integration.
Xingchen New Energy Changzhou Xingg Intelligent Manufacturing Base.
The demand for long-term energy storage is urgent, and the powerful producers and investors are betting on the dark horse of flow batteriesAt present, it has become a consensus that "long-term energy storage + large-scale wind and solar projects" will gradually replace fossil energy. In order to achieve the "dual carbon" goal, the proportion of thermal power installed capacity will gradually decline. When this kind of stable baseload power generation resources are decreasing, "long-term energy storage + large-scale wind and solar projects" will replace fossil energy and become a new generation of baseload power generation resources. Among them, all-vanadium flow batteries have outstanding advantages such as intrinsic safety, ultra-long life, environmental friendliness and strong scalability, and can realize complete independent and controllable technology, resources and industrial chain in China, and will usher in huge growth space in the field of long-term energy storage.
In this context, powerful production and investment parties have laid out the flow battery track, adhered to the road of integration of production and investment, and focused on the upstream and downstream potential enterprises of the industrial chain. As the enterprise with the highest proportion of clean energy among the five major power generation groups in China, will add a total of 15.91 million kilowatts of new production capacity in 2023, all of which are clean energy projects. As the first enterprise in China to enter the wind power industry, CRRC is committed to building wind power equipment into the "second golden business card". The strategic investment of the two major new energy central enterprise production and investment companies in the dark horse of flow batteries, Xingchen New Energy, will provide an important boost for the future market development of Xingchen New Energy.
Another important producer and investor, Minmetals Venture Capital, is affiliated to China Minmetals, China's largest metal mining group, and has rich technology and experience in the development and application of upstream raw materials. With this investment in Xingchen New Energy, Minmetals Venture Capital will give full play to the leading role of state-owned capital and the advantages of state-owned capital in industrial integration and cultivation, and is expected to deeply empower Xingchen New Energy in the control of upstream core raw materials and downstream application market development.
In terms of the transformation of scientific and technological achievements, the capital of the Chinese Academy of Sciences is backed by the Chinese Academy of Sciences, an important technical force in the domestic energy storage industry, and has the ability to invest in the industrial ecology of empowerment, and has vigorously supported a number of science and technology enterprises with strong innovation ability and social influence, and has achieved fruitful results. This strategic investment in Xingchen New Energy will provide authoritative support and more value-added services in the technological innovation of Xingchen New Energy, and provide important support for the technological upgrading and innovation of Xingchen New Energy.
Xingchen New Energy all-vanadium flow energy storage system products.
Systematically improve efficiency and reduce costs, establish development advantages, and Xingchen New Energy has grown rapidly and accuratelyIn 2021, the top energy storage technology and industrialization team in China, the head lean production team in China, and the team of Professor Liu Suqin of Central South University, which is the first to engage in flow energy storage research in China, joined hands to establish Xingchen New Energy. Through in-depth cooperation and continuous innovation between industry, academia and research, Xingchen New Energy has achieved a major breakthrough in the full-stack technology of all-vanadium flow batteries, pioneered the idea of systematic efficiency improvement and cost reduction, and comprehensively promoted the implementation of comprehensive solutions for all-vanadium flow energy storage with ultra-high safety.
Specifically, first of all, the first chain is reshaped with an integrated vertical layout. Through self-sustaining high-quality vanadium ore, the cost is controlled from raw materials to ensure the stability and reliability of the first grade; Build a short-process electrolyte production base, greatly reducing manufacturing costs and intermediate feeding. Second, with new industrialization as the efficiency engine of the industry, the world's first fully automated vanadium flow battery production line will be built in Changzhou, which has rich industrial chains, to effectively ensure the consistency level of flow battery products, establish a flexible production intelligent manufacturing system and a digital system for the whole life cycle of products, and reduce production costs. Thirdly, through the cooperation of production and research, the excellent scientific research achievements of Central South University will be transformed, innovative materials and structural design will be used to greatly improve the energy efficiency of the battery, and a highly active electrolyte will be prepared through the formula of exclusive modified additives; Through the multi-stage variable diameter equalization flow channel design, the concentration polarization and fluid resistance of the battery are reduced. The self-developed embedded composite sealing structure ensures that the stack has no risk of internal and external leakage, stronger positive and negative pressure resistance, and selects the consistent design of material structure deformation to adapt to a wider temperature range and complex use scenarios.
The strategic investment of, Minmetals, CRRC, Chinese Academy of Sciences Capital and other production and investment parties is not only a recognition and affirmation of the strength of Xingchen New Energy, but also a strong boost for its future development. At the moment of global energy structure adjustment and fierce competition in energy security, Xingchen New Energy, which has the strongest shareholder background, will take advantage of the situation and create a comprehensive solution with leading technology, high-quality products, strong economy and ecological friendliness guided by user needs, so as to contribute to energy transformation and upgrading and sustainable development.