On the morning of December 25, 2024, the 2024 Zigong "New Materials + Modern Agriculture" Industry Project Concentrated Signing Event was successfully held at the Huidong Hotel in Zigong City. Flow Energy Storage Company signed the "Sichuan 2GW Annual Vanadium Redox Flow Energy Storage Industry Chain Project Cooperation Agreement" with the Yan滩 District Government of Zigong City. The signing event was presided over by Xiao Bingdong, the Standing Committee Member of the Zigong Municipal Committee and Executive Deputy Mayor, with a speech delivered by Shi Gang, the Deputy Secretary of the Municipal Committee and Mayor. The event aimed to further implement the strategic deployment of "industry strengthening the city" and contribute to the creation of a hundred-billion-level new chemical industry cluster.
Flow Energy Storage Company's General Manager Chi Qingfeng delivered a speech. General Manager Chi Qingfeng said that Zigong City's unique geographical advantages, solid industrial foundation, and superior business environment attracted us. He also expressed gratitude to the Zigong municipal government for its support in the project's implementation. He emphasized that the company focuses on energy storage technology research and development, leading the industry with vanadium redox and iron-chromium flow battery technologies. From stack development to electrolyte production and system integration, the company continues to build an energy storage industry ecosystem. Once completed, the project will significantly enhance the stability and security of Zigong's power grid, effectively address the challenges of new energy consumption, and add a new calling card for Zigong's sustainable economic development and energy transition.
The signing of this project is not only an important milestone for our company's development but also a crucial step for Zigong's energy storage industry to reach new heights. Moving forward, both parties will concentrate their advantageous resources to accelerate project operations, ensure timely production and effectiveness, and strive to achieve innovative breakthroughs in the energy storage industry with outstanding performance.
It is understood that Flow Energy Storage Company has established a full industry chain layout integrating stack, electrolyte, and system integration in multiple locations, including Shandong, Inner Mongolia, Xinjiang, and Qinghai. The company continues to reduce costs and increase efficiency, and has achieved large-scale and industrialized production capabilities in flow battery manufacturing. Additionally, the company owns a mature system integration solution, including unique pipeline current-sharing design, unique tank design, unique fluid and electrical control design, system unattended operation, and low system energy consumption—all with full independent intellectual property rights. With continuous upgrades in material technology and battery structure design, the power density of the stack continues to increase. Meanwhile, the company pursues two parallel paths: persisting in independent R&D and cultivating the growth of excellent suppliers, achieving win-win cooperation.
