Liyang, a county-level city under Changzhou, recently hosted the signing ceremony for a pioneering energy storage industrial park project. The initiative is a collaboration between the Liyang Economic Development Zone and three leading companies: East China Xinhua Energy Investment Co., Ltd., Zhejiang Xingchen New Energy Technology Co., Ltd., and Jiangsu Guoqiang Holding Group Co., Ltd.
The industrial park is set to become a hub for enterprises across the energy storage value chain, focusing on essential components such as vanadium redox flow battery (VRFB) products, integrated enclosures, and complete energy storage systems. With a total investment of 3 billion yuan and spanning 400 mu (approximately 26.67 hectares), the facility is projected to deliver an annual production capacity of 2.5 GWh in VRFB products, generating an estimated annual output of 5 billion yuan.
In addition to production, the project will spearhead several innovative initiatives, including the development of a utility-scale energy storage facility, a zero-carbon smart park, and a digital system for managing energy use. These efforts aim to position the industrial park as a leader in the energy storage industry, focusing on cutting-edge, intelligent, and environmentally sustainable development.
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