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March 16, 2021

VRB Energy to build battery-integrated solar power station in China

VRB Energy has agreed to build a 100MW solar photovoltaic plant with a 100MW/500MWh integrated vanadium flow battery in Xiangyang, Hubei Province, China.

By Umesh Ellichipuram

VRB Energy has agreed to build a 100MW solar photovoltaic plant with a 100MW/500MWh integrated vanadium flow battery in Xiangyang, Hubei Province, China.

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The Xiangyang Municipal Government, Hubei Pingfan New Energy, the Xiangyang High-tech State-owned Capital Investment and Operation Group, and VRB Energy signed a framework agreement for the project.

The agreement includes construction of the first 50MW per year capacity of a VRB-ESS 1GW gigafactory in the country. Canada-based VRB Energy will also construct a vanadium flow battery research and development institute.

The company will start construction works for the initial 40MW/200MWh VRB-ESS and 50MW manufacturing facility in May this year.

VRB Energy chairman Robert Friedland said: “This project is a massive catalyst for VRB Energy’s global growth and further demonstrates that we are developing the absolute best technologies to support the worldwide green energy revolution.

“China wants to install over 1TW of solar PV and wind power by 2030, with both the US and the European Union prioritizing renewable power solutions.

“Energy storage remains a key challenge in the mass adoption of renewable energy, and we’re extremely proud to be leading the way in creating cutting-edge solutions at VRB.”

VRB Energy CEO Dr Mianyan Huang said: “This presents a unique opportunity for scale-up of the vanadium flow battery industry, and we applaud the government’s plans to support development of a $14bn world-leading vanadium energy storage industry cluster.”

The company’s project in Hubei is being prioritised as part of its national energy storage policy and accelerated infrastructure investment.

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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