The delegation visited the Panzhihua production site of Asi Energy, observed the operation status of the production line, and carefully understood the complete preparation process of vanadium electrolyte, product quality control system, and the progress of production capacity construction of the base. Ace Energy has more than 40 years of technology accumulation in the field of vanadium electrolyte, inheriting the mature industrial technology system, and the production process is characterized by intensive and high efficiency. The company is speeding up the construction of an electrolyte production base with an annual output of tens of thousands of cubic meters. After completion, it will be able to continuously supply high-quality vanadium electrolyte for various long-term energy storage projects in the Southwest region and ensure the stable supply of core materials for energy storage projects.

The two sides will complement each other in resources and production capacity, and tap the potential of energy storage cooperation in Southwest China

During the discussion, the two sides fully communicated on their respective resource endowments and industrial capabilities. Chuxiong Prefecture has rich green energy resources, and the development potential of landscape resources in the region is great, which generates a large number of long-term energy storage supporting demand. Ace Energy has solid technology and capacity reserves in vanadium electrolyte research and development, mass production process and industrialization. The business of both sides is highly complementary and has a large space for cooperation.

After full discussion, the two sides reached a consensus that they would continue to promote the docking in the future, focusing on the conversion and utilization of vanadium resources in situ, the stable supply of electrolyte for energy storage projects, and the joint development of energy storage projects to carry out landing negotiations, and promote the landing of subsequent substantive cooperation projects.

The visit of ACE Energy Panzhihua factory is an important part of the special research of Jinjiang Energy Energy storage industry. Before this, Jinjiang Energy has visited a number of industry head energy storage enterprises, and continued to investigate the technical route and industrialization of the long-term energy storage industry. The field visit also represents the enterprise's recognition of the technical route and industrialization strength of vanadium electrolyte of Es Energy.

The electrolyte has become the key to the commercialization of vanadium flow, and the innovative business model has helped the industry reduce costs

At present, the domestic vanadium flow battery industry has entered the GW level commercial development stage. As the core component of the vanadium liquid flow energy storage system, the electrolyte directly affects the overall project cost, and is also the key point for the industry to reduce costs. With the acceleration of industrial commercialization, innovative business models such as electrolyte leasing and financial leasing continue to emerge, which are gradually breaking the cost shackles of the industry, lowering the initial investment threshold for project investors, and accelerating the landing of long-term energy storage projects.

Relying on the core product of vanadium electrolyte, Ace Energy continues to lay out the energy storage industry chain in Southwest China. Vanadium and titanium mineral resources are enriched in the southwest region, and the development of new landscape energy is accelerating, which naturally has the basic conditions for the development of vanadium liquid long-term energy storage. The company plans to cooperate with upstream and downstream partners to jointly build a long-term energy storage industry ecology in Southwest China, and transform the rich green energy resources in the region into real industrial competitiveness.

Vanadium energy storage industry in Southwest China is accelerating, and the value of resources in situ transformation is highlighted

The southwest region has important vanadium and titanium resources reserves in China, and the development of new wind and solar energy continues to promote, so the development of vanadium liquid flow energy storage has unique innate conditions. In the past period of time, the industry has focused more on the technological breakthrough of the reactor. As the industry moves toward scale, the stability of the electrolyte supply and the on-site conversion of resources have begun to become the focus of the industry.

Promoting vanadium resources to be processed into electrolytes on the spot and then supplied to local energy storage power stations nearby can significantly reduce the transportation cost of raw materials, reduce the industrial chain circulation, and improve the economy of regional energy storage projects. The exchange and docking between the two enterprises is a practice to promote the local transformation of vanadium resources and build a localized energy storage industry chain in the Southwest region.

Under the background of the gradual growth of long-term energy storage demand, the linkage and communication between the main bodies of the industrial chain in the Southwest region will be more frequent. Relying on the cooperation of resources, production capacity and project development, vanadium liquid flow energy storage is expected to obtain more demonstration and commercial landing opportunities in the Southwest new energy base, helping the regional new energy consumption and supporting the construction of new power systems.