Fengfan new market energy storage

Who is Fengfan company?

Fengfan Company has been researching and developing in China's power supply market for more than 60 years. It has a post-doctoral research workstation and an enterprise technology center double-recognized by the National Development and Reform Commission and the Ministry of Science and Technology.

What is new energy storage?

With the world's largest station for iron-chromium flow battery starting a test run of 168 hours on Tuesday, the country has taken a step further in advancing new energy storage. New energy storage refers to energy storage using new technologies, such as lithium-ion batteries, liquid flow batteries, compressed air and mechanical energy.

Who is Fengfan (Yangzhou)?

Raising the sails to serve the country, surpassing innovation. Fengfan (Yangzhou) Co., Ltd. was founded on October 18, 2017 with a registered capital of 0.33 billion yuan.

How big is China's energy storage capacity?

As of the end of 2022, the total installed capacity of energy storage projects in China reached 59.4 gigawatts (GW), with pumped storage taking up to about 77 percent and new energy storage accounting for about 22 percent, according to Chen Haisheng, a researcher from the Institute of Engineering Thermophysics under the Chinese Academy of Sciences.

Why is new energy storage important?

New energy storage is an important foundation for building a new power system in China, enjoying the advantages of fast response, flexible configuration and short construction periods. "We believe that its (new energy storage) installed capacity is going to surge and will see rapid development in the sector," Chen said.

How many energy storage projects are there in China?

As of the end of 2022, the total installed capacity of energy storage projects in China reached 59.4 GW. /CFP As of the end of 2022, the total installed capacity of energy storage projects in China reached 59.4 GW. /CFP