Yinfeng New Energy was invited to participate in the Xiangjiang New District Advanced Energy Storage Materials Industry Chain Financing Matchmaking Conference

Provide good industrial and financial services for enterprises on the chain and promote the high-quality development of the real economy. On the afternoon of June 8, the Xiangjiang New District Advanced Energy Storage Materials Industry Chain Financing Roadshow Matchmaking Meeting was successfully held in Xiangjiang Fund Town, under the guidance of the Commerce and Market Supervision Bureau of the Hunan Xiangjiang New District Management Committee, and hosted by the Hunan Xiangjiang New District Advanced Energy Storage Materials Industry Chain Office and Pudong Development Bank Changsha Branch. More than 10 enterprises and investment institutions were invited to participate in this event, and Dr. Wu Xiongwei, general manager of Hunan Yinfeng New Energy Co., Ltd., was invited to participate in this event.

At the meeting, Dr. Wu gave a detailed introduction to the development of the energy storage market, the company's basic situation, industrial planning, financing arrangements and listing plans.

Energy storage market and policy

The CPC Central Committee's "13th Five-Year Plan" proposes "strengthening energy storage and smart grid construction" as one of the main tasks of the "13th Five-Year Plan". McKinsey, an international authoritative organization, stated that energy storage technology is included in the top 10 disruptive technologies that determine the future economy, and predicts that energy storage technology will contribute more than $1 trillion to the global economic value in the next few years. From the "14th Five-Year Plan" to 2025, the global energy storage market will attract $103 billion in investment to support technology research and development applications and industrial scale expansion, and the market share of liquid flow batteries will reach more than 20%.

All-vanadium liquid flow battery---the golden key to open the trillion-dollar energy storage market

Dr. Wu said that China, as the country with the largest vanadium resource reserves in the world, has about 9.5 million tons of vanadium ore reserves, accounting for 39% of the world's vanadium resource reserves. The rich vanadium resources and the inherent safety characteristics of all-vanadium liquid flow batteries are one of the battery tracks for large-scale safe energy storage, and will also be the main participants and promoters of the trillion-dollar industry of new energy and its storage in the fourth industrial revolution.

Yinfeng New Energy Core Value-One of the Industry Standard Setters

Hunan Yinfeng New Energy Co., Ltd. developed a hydrometallurgical vanadium extraction process from stone coal vanadium mines in 2007, started a vanadium battery research project in 2010, and registered the company in 2013, with a history of more than 10 years. The company focuses on the research and development, manufacturing and commercial application of all-vanadium liquid flow battery energy storage systems. The company has more than 50 core patents, including core battery stack design, electrolyte preparation, system integration design, and applications in photovoltaic power generation, off-grid power supply systems, smart grids and other fields. The company currently has more than 200 employees, including 4 academicians, national outstanding young scientists, 20 technical consultants including researchers and professors, and more than 30 masters, doctors and postdoctoral fellows. It has established more than 10 highly professional mixed teams including the electrolyte production department, material research and development department, electrochemical department, electrical department, mechanical and system integration department, etc. It has production bases such as the headquarters research and development center and business center in Yuelu District and Yuhua District of Changsha, and Yichun, Jiangxi. The Yichun production base is the largest production base of vanadium electrolyte in the world.

The company's vanadium battery technology level has been widely recognized by the industry. It has presided over and participated in the formulation of national and industry standards, key R&D projects of the Ministry of Science and Technology, and major provincial science and technology projects. In the industrial chain of Hunan's "13th Five-Year Plan" science and technology development plan, vanadium batteries are listed separately in the top ten new materials-advanced energy storage materials, and Yinfeng New Energy is the leading unit in the vanadium battery industry.

In the future, Yinfeng New Energy will adhere to the business philosophy of striving, integrity, dedication, innovation, and truth-seeking, empower my country's safe energy storage, and help carbon neutrality.