On the morning of May 2, 2024, Jiangsu Xinghua Economic Development Zone solemnly held the commencement ceremony of the new power system and energy storage equipment manufacturing project of Qihou (Jiangsu) Energy Technology Co., LTD.

Project profile

The company's new power system and energy storage equipment manufacturing project, the total investment of up to 1.52 billion yuan, covers an area of 149 acres. The project plans to build a total construction area of about 100,000 square meters, including production workshops, experimental buildings and administrative buildings, and introduce more than 3,000 sets of automated and intelligent production equipment. Once the project is successfully completed, it is expected to be able to produce 300 sets of prefabricated smart substations and 300 sets of prefabricated energy storage systems annually, bringing new sales revenue of more than 1.6 billion yuan per year for the company, and contributing more than 100 million yuan in taxes.

Smart substations and power storage systems play an indispensable role as the cornerstone of new energy development such as photovoltaic and wind energy. The successful launch of the company's new power system and energy storage equipment manufacturing project marks that our city has made a new leap in the cultivation of new energy and other emerging industries, and has far-reaching strategic significance for our city to accelerate the construction of a new productivity industry layout.

The energy storage power station part of the project, based on advanced lithium iron phosphate battery technology, has a total capacity of up to 300MW hours, which is in a leading position in the field of energy storage power stations in Jiangsu Province. This facility, known as a super charging treasure, can not only play the adjustment function of peaking and valley filling during peak hours of power demand, help enterprises reduce electricity costs, but also significantly improve the grid-connected efficiency of new energy, so as to actively promote the widespread popularity and application of clean energy such as photovoltaic and wind energy.Editor/Zhang Liyuan