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CATL started another energy storage system project which is about 3 billion yuan.

published: 2024-06-24 16:30

TrendForce learned that on June 22, the National Electrochemical Energy Storage System Construction Project (Phase I), invested and constructed by Xiamen Torch Group, officially started. The project will be operated by the Xiamen Shizheng Energy Storage Technology Research Institute, a subsidiary of CATL, and is expected to be completed and put into use in 2025.

It is known that the energy storage system have "one center and four bases", including R&D centers, large-scale energy storage grid-connected demonstrations, high-voltage fail-safe experiments and other facilities. The total land area of the project is about 150 acres, with a total investment of about 3 billion yuan. After completion, it will be mainly engaged in the demonstration of large-capacity, high-safety and high-reliability large-scale energy storage grid-connected, the development of advanced testing technology and equipment, and the formulation of system-level grid-connected industry standards for high-level energy storage power stations.

According to the data, Xiamen Shizheng Energy Storage Technology Research Institute Co., Ltd. was established on January 24, 2024, as a wholly-owned subsidiary of CATL, and will undertake the construction and operation of this important project. The registered capital of the company is 500 million yuan and the legal representative is Chen Xiaobo. The company's business scope covers emerging energy technology research and development, energy storage technology services, engineering and technology research and experimental development and other fields.

Wu Kai, Chief Scientist of CATL, emphasized that Xiamen Shizheng Energy Storage Technology Research Institute is an important part of CATL's strategic R&D investment project. The technical scheme of the project has been guided, recognized and supported by many academicians and experts. In the context of the gap in the field of global large-scale energy storage system equipment testing, the start of the electrochemical energy storage system construction project has undoubtedly filled the gap in this field. After the completion of the project, it will form a complete set of test capabilities for battery energy storage system-level equipment, and is expected to build Xiamen into a world-class highland for energy storage innovation, R&D and demonstration.

The electrochemical energy storage project started this time is not only another important layout of CATL in the field of energy storage, but also an important achievement of deepening cooperation between Xiamen and CATL. The commencement of construction of the project will further promote the development of Xiamen's new energy industry and help Xiamen build a world-class energy storage innovation highland. At the same time, the successful implementation of the project will also provide strong support for the technological innovation and industrial development of China's energy storage industry, and promote China's energy storage industry to a higher level.

In the future, with the gradual advancement of the electrochemical energy storage system construction project, CATL will make more breakthroughs in the field of energy storage. CATL's investment in the construction of the 3 billion yuan energy storage system project not only demonstrates the company's technical strength and strategic vision in the field of energy storage, but also injects new vitality into the development of the energy storage industry in Xiamen and even the whole country.

Source: https://mp.weixin.qq.com/s/eqk6Rcd4qyctOLp6VzpJmQ

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