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Chinese vanadium battery into the storage industry dark horse

Date of Issue 2013-07-30

Recently, the world's largest vanadium battery energy storage system demonstration project through the acceptance of the relevant departments, after the country set off on the vanadium battery energy storage project's investment frenzy. Initially vanadium battery in Western countries and Japan, both countries have been developed, but eventually died, Japan, due to lack of resources and technical vanadium reasons were shelved, the West is because of the limitations of the market impact of large-scale industry . However, with the global migration of vanadium battery, the multifaceted country due to have their own advantages and achieve development in the vanadium battery industry.

Chinese vanadium battery as energy storage industry dark horse

Champoux consulting energy industry analyst said: China vanadium battery energy storage sector to become the dark horse, there are many reasons for this. First, China's resource-rich vanadium and vanadium compounds mainly from the vanadium-titanium magnetite, and our very large reserves of vanadium-titanium magnetite, is the world's one of the few large reserves of vanadium-titanium magnetite country, according to Data show that China vanadium resource accounts for 12% of global reserves is extremely rich, mainly distributed in Sichuan and Hunan provinces. Second, China's vanadium battery technology gradually improved after the advent of the vanadium battery concept, its associated patented technology has been monopolized by Western countries and Japan, our country did not acquire the relevant core technology, so China vanadium battery industry started relatively late, Development and Research slow, but after years of development, China has made in the vanadium battery great achievements, technical system is also gradually improved, and domestic research institutions to develop vanadium battery energy storage system, and applied to the actual project.

worth noting is that China's vast market vanadium battery. According to relevant statistics, China's vanadium battery applications market is very broad, mainly in the reserves peaking power plant equipment, new energy grid and electric vehicles. Vanadium battery in the field of wind power market demand for a broad, is expected within ten years China's wind power will be explosive growth, power and wind power conflicts will become more prominent, with vanadium battery energy storage system can effectively reduce the wind power impact on power, very significant improve the utilization of wind power, but also can make money high peak power difference.

According Champoux Consulting released "2013-2016 Chinese secondary battery industry market research report" pointed out: According to China's new energy industry development plan and this year's budget data in the battery industry, the vanadium battery storage for wind power applications Equipment and urban energy storage devices market will peak at around one trillion yuan for the country's economic development trend gave vanadium battery industry has brought an historic opportunity. Future, the vanadium battery will lead the world trend of pure electric vehicle batteries, vanadium battery has been recently included in our 863 alternative projects, to develop vanadium battery energy storage system.

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