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The all-vanadium liquid flow industrial park project is taking shape in the Baotou city in the Inner Mongolia autonomous region of China, backed by a CNY 11.5 billion ($1.63 billion) investment. Meanwhile, China’s largest vanadium flow electrolyte base is planned in the city of Panzhihua, in the Sichuan province.
Chinese vanadium redox flow battery specialist Hunan Yinfeng New Energy is looking to invest CNY 11.5 billion ($1.63 billion) in the development of a major manufacturing facility in Inner Mongolia.
The project is expected to play a major role in promoting the adoption of vanadium redox flow batteries, one of the most promising large-scale energy storage technologies due to their long cycle life, exceptional safety, and environmental credentials.
Hunan Yinfeng inked late last month a strategic agreement with the Baotou City Government and Jiuyuan District Government to develop an all-vanadium liquid flow industrial park project, which will be delivered in two phases. |
