Recently, Long-Term Energy Storage Battery Company Liquid Energy Storage Technology Co., Ltd. (Hereinafter referred to as "Liquid Energy Storage Enerflow") completed the + round of financing, which was led by Gaocheng Venture Capital and followed by Guoxin Guozheng Capital.
This is another round of financing completed by Enerflow after its A-round financing in May this year, with two cumulative financing amounts amounting to hundreds of millions of yuan . This round of financing is mainly used for core technology research and development, product iteration, industrial chain construction and ecosphere construction.
Flow battery is a rising technology route in the field of energy storage in recent two years, and it is also an important technology direction in the field of new energy storage. It has the advantages of large capacity, long cycle and high safety, and is regarded as the most potential solution for large-scale and long-term energy storage.
Among them, all-vanadium flow battery is the most mature technology branch of flow battery with the largest proportion of installed capacity. With the decreasing cost of initial installation, all-vanadium redox flow battery energy storage is in the stage from demonstration application to large-scale commercialization, and the installed capacity is growing rapidly.
In the first half of the year alone, the number of projects was more than twice that of the same period last year. Power generation groups led by China Nuclear Huineng and State Power Investment Corporation have completed the bidding for more than 2G Wh of flow batteries.
According to the forecast of EV Tank, the new scale of vanadium battery in China will reach 2.3GW in 2025 , 4.5G W in 2030, and the cumulative installed capacity of vanadium battery energy storage project will reach 24 GW by then. The new market scale will reach 40.5 billion yuan in that year.
Liquid Flow Energy Storage Enerflow Shandong Intelligent Factory
Liquid Flow Energy Storage Enerflow was established in February 2022, jointly initiated by the returnee technical team who has been engaged in the research and development and production of liquid flow batteries for a long time and the senior industrial team in China. It is a high-tech enterprise specializing in R & D, manufacturing, integration, sales and operation and maintenance of flow batteries, and is committed to creating safe, durable, long-term and green new energy storage system solutions. According to reports, its production base has the production capacity of GW energy storage system. Dr. Zheng Xiaohao, CEO of
Liquid Flow Energy Storage Enerflow, told Carbon 36 that Enerflow has independent R & D and production capacity of stack, electrolyte and system integration, and has established a whole industrial chain layout integrating stack, electrolyte and system integration, with cost reduction as the direction of technology and industrialization. It has continuously promoted the construction of several 100 MW production centers.
Effective cost reduction is the key to speed up the industrialization of flow batteries. In view of the problem of cost reduction, Zheng Xiaohao said that Enerflow has achieved effective cost reduction in the three links of stack, electrolyte and system integration.
It is reported that in terms of stack, the porous membrane and composite bipolar plate materials used by Enerflow have obvious price advantages on the basis of maintaining the performance of the stack; in terms of system integration, the simplification of pipelines and the innovation of booster system have been carried out to reduce the power loss of the system; In terms of electrolyte, it has created a new electrolyte system, vanadium powder purification technology and vanadium slag purification technology, with low cost and energy density increased by 25% -30%.
Enerflow's CNNC Tancheng 1MW/4MWh Energy Storage Power Station Project & nbsp;
In addition, Enerflow is also contributing to the further reduction of the cost of liquid flow energy storage through the overall layout of the industrial chain.
According to reports, Enerflow has built the whole industry chain ecosphere of flow battery energy storage through cooperation with partners such as central enterprises and listed companies. According to public information, Enerflow has established a joint venture with Shandong Haihua, a leading domestic chemical company, to carry out mass production of electrolyte; cooperated with Yaxing Chemical, a listed chemical company, to design fluid systems and launch integrated power stations; and cooperated with Shandong Electrical Engineering Group Co., Ltd., a large power equipment group, to jointly develop a new energy storage market.
At present, the domestic energy storage market has become a fertile soil for the development of a variety of technology routes, a single energy storage technology is difficult to meet all the requirements of the market, and the new energy storage technology path is "blooming". Vanadium redox flow batteries, which have the advantages of intrinsic safety, ultra-long life, environmental friendliness and strong scalability, are expected to usher in a huge growth space in the field of long-term energy storage.
Faced with a new round of development opportunities, Dr. Zheng Xiaohao, CEO of Liquid Flow Energy Storage Technology Co., Ltd., said that after this financing, Enerflow will continue to uphold the spirit of driving the development of the industry with technological innovation, promote technological upgrading and system optimization, continue to deepen the layout of the whole industrial chain, and promote the development of the industry. To provide customers with more competitive flow battery system solutions, enabling green and low-carbon development of the new energy industry.
Investor view:
The project leader of GL Ventures, the lead investor in this round, said: With the increasing proportion of renewable energy in power generation, liquid flow energy storage technology is expected to become one of the most critical grid flexibility solutions in the future. As a long-term energy storage technology, liquid flow energy storage has the advantages of safety, flexibility and not limited by geographical conditions, which can further improve energy efficiency and improve the stability and reliability of power system. EnerFlow Liquid Flow Energy Storage Company is a leading enterprise in the industry, and is also the first all-vanadium and iron-chromium liquid flow energy storage company invested by us. The founding team has been working in the new energy industry for many years, with outstanding technological advantages and industrial experience, and has reached cooperation with a number of leading enterprises, which is widely recognized by the industry. We believe that EnerFlow Liquid Flow Energy Storage Company will promote the vigorous development of the liquid flow battery industry and contribute positively to the transformation of global energy structure and green low-carbon development.
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