China's vanadium batteries began to be commercialized, but in the future, new energy will enter the "vanadium era," and multiple obstacles such as technology and cost remain to be solved. The general trend of national economic development has brought historic opportunities to the vanadium battery industry. The domestic vanadium battery industry has started, and it has developed rapidly. However, the industrialization of vanadium batteries still needs to rationalize the relationship between supply and demand in terms of policies. The possibility of short-term industrialization of vanadium batteries is relatively small, but the market expansion of new energy storage technology vanadium batteries will trigger the market growth and price increase of vanadium resources. Pangang vanadium and titanium, Hongda shares, Tianxing instrument Medium and long-term will benefit.
“The development of new energy technologies has become a global trend, and the application of vanadium batteries has become a focus of attention.†China's Taizhou New Energy Top Forum recently reported that the new energy industry will enter the "vanadium battery era." According to experts, in the power industry, energy storage technology can be applied to all aspects of power generation, transmission, distribution, and use. The main advantages of vanadium batteries are their ability to discharge at high current densities, long cycle life, rapid charging, and low price relative to Other energy storage devices. They are ideally suited for large static energy storage applications and can therefore be widely used in the power industry.
The general trend of national economic development has brought historic opportunities to the vanadium battery industry.
According to the "New Energy Vehicle Industry Development Plan" and battery industry data in recent years, the total of lead-acid batteries, batteries for electric vehicles, and batteries for electric vehicles will total about 300 billion yuan. The market size of wind power energy storage equipment and urban peak load energy storage equipment for vanadium batteries will be around RMB 11,000 billion.
The vanadium battery (VRFB) is the world's largest, most technologically advanced and most industrialized, highly efficient and reversible fuel cell. It has a series of unique advantages such as high power, large capacity, high efficiency, low cost, long life, and environmental protection. In the photovoltaic power generation, wind power generation, power grid peaking, distribution power stations, communications base stations, UPS or EPS, electric buses, military power storage and other broad areas have very good application prospects, in the United States, Canada, Europe, Japan, Australia has begun commercial Application.
At present, the domestic vanadium battery industry has started and has developed rapidly. Some leading companies have grown up.
The largest vanadium battery (VRFB) industrial base has settled in Taizhou, China. Chinese companies have mastered the world's key technologies for vanadium batteries, but domestic vanadium battery technology still lags behind foreign countries for 10 years. To this end, China Strategic Capital Group has established vanadium battery raw material production bases in Xuzhou and Nanyang, and is the largest in the country. The wind power base in Gansu Yumen established a national demonstration base for integration of wind, light and electricity storage. Because of the promising prospects for vanadium batteries, China Strategic Group used its advantages in vanadium reserves and capital to conduct equity cooperation with Japanese Jenna, South Korean Polyenergy, German Avantis and other companies, and established Yangtai Energy Co., Ltd., which is controlled by China Strategic Group. Into the field of vanadium batteries.
Yangtai Energy Co., Ltd. will build an annual output of 1GWVRFB vanadium battery and 6 million sets of SSRB power battery production line; launch vanadium battery market promotion in photovoltaic power generation, wind power generation, power grid peaking, communication base stations, UPS/EPS power supply and other fields. It is expected to be put into operation in the second half of 2012, with an operating income of 2.2 billion yuan and a net profit of 540 million yuan. By 2015, the company will achieve an annual production capacity of 1GW VRB vanadium battery and 6 million sets of SSRB batteries. It will realize an operating income of 15.1 billion yuan in net profit that year. 35 billion yuan, and strive to be listed on the Hong Kong Stock Exchange. The long-term goal is to complete the production and sales of 20GWVRFB vanadium batteries and 26 million sets of SSRB batteries in 2020, achieve an operating income of 179 billion yuan and a net profit of 36.7 billion yuan; VRFB battery annual sales increase by 95%, SSRB battery annual sales increase 30% has become a high-growth high-tech manufacturing company.
In terms of electrochemical energy storage, vanadium batteries have certain advantages and great potential for future development.
It is understood that electrochemical energy storage includes: sodium-sulfur batteries, vanadium batteries, and lithium batteries. For energy storage applications in power grids, especially for wind power generation, all-vanadium batteries and sodium-sulfur batteries are two major types that have been recognized by the market. Commercial technology.
In the existing global energy storage battery, 90% of megawatt-level projects use sodium-sulfur batteries. In Japan, sodium-sulfur batteries have a commercial size of nearly 200 megawatts. However, sodium-sulfur batteries have special control requirements for charge and discharge and require 2-3 times more redundancy. Lithium batteries have limited energy storage time and are only suitable for grid frequency regulation. Therefore, the vanadium battery is the best battery capacity and duration.
However, vanadium batteries are still not in a dominant position in the field of energy storage, and technological barriers are still to be broken.
Vanadium batteries also have shortcomings, low energy density, large volume, and a slightly higher cost than large-scale energy storage applications and energy storage. Although each type of energy storage technology has its own advantages and disadvantages, in the foreseeable future, there will inevitably exist in the field of energy storage in which the technologies such as sodium-sulfur batteries, vanadium batteries, and lithium batteries coexist and compete with each other. There is no monopoly of technology. The whole market situation. Compared with lead-acid batteries, lithium batteries and other technologies, vanadium batteries are more environmentally friendly, have a higher number of replays, and have larger capacities. However, their applications are still in the experimental demonstration stage. There have been no breakthroughs in industrialization applications for more than 20 years. For China Zhengze Group to realize the industrialization of vanadium batteries in such a short time, the domestic battery industry has many doubts, and the focus is on the technology of solid vanadium batteries.
In addition, excessive costs also limit the current development of vanadium batteries. Even in the field of large-scale vanadium storage batteries, industrialization is considered to take time.
According to professional figures in the industry, the optimistic expectation of domestic vanadium battery industry is to realize the industrialization of large-scale vanadium storage batteries in 3-5 years. A power grid expert pointed out that large-scale energy storage batteries in the power grid field, the cost of energy storage construction should be below $250/kWh, and this goal may take up to 10 years to reach. And 500 US dollars / kilowatt-hour will be able to carry out the threshold of industrialization, only the Japanese NGK can enter this range. The cost of construction of vanadium-based energy storage batteries is now between $500-1,000/kWh.
In addition, the industrialization of vanadium batteries still needs policy rationalization of supply and demand.
At present, the obstacles that restrict the development of vanadium batteries are mainly the pay-as-you-go relationship, that is, whether they pay for vanadium batteries is a power generation company or a power grid. Once the relevant policies are issued and the purchase relationship is rationalized, vanadium batteries will usher in explosive growth in the next 2-3 years.
Although technical, cost, and policy barriers have not been resolved so far, a few domestic companies have begun to seek ways to maximize the benefits of vanadium resource transformation.
At present, large-scale vanadium mining companies such as Panzhihua Iron and Steel Group and Chuanwei Group are actively seeking for resource transformation. Vanadium batteries have become their new direction of development. Current solid electrolyte vanadium power batteries have already approached the level of lithium batteries in terms of electric power, charge and discharge, and specific energy, and have advantages in terms of safety, service life, and cost over lithium batteries and lead-acid batteries. At present, China has an annual output of 130 million KVAH of lead-acid batteries, with a total production of 68 million KVAH in January-June 2011. If you use 12V/120AH car battery calculations, about 90 million per year. China's output accounts for 50% of the world's total. In 2010, global sales of lead-acid batteries were approximately US$66 billion.
Although, the possibility of short-term industrialization of vanadium batteries is relatively small, but the market expansion of new energy storage technology vanadium batteries will trigger the market growth of vanadium resources and its price increases, the company owns Tantalum resources Pangang vanadium titanium, HTC shares, days Hing instrument will benefit in the medium to long term.
According to statistics, vanadium is a typical China's advantageous resource. From the perspective of reserves, China's vanadium accounts for 35% of the world's vanadium ore, and its output accounts for 48% of the world's total, ranking first in the world. Other countries rich in vanadium resources are Russia and South Africa. According to the distribution of domestic vanadium resources, 63% of the vanadium mineral resources are concentrated in Sichuan. In 2010, China's vanadium output reached 61,500 tons.
The short-term demand for vanadium depends mainly on steel, and the demand for vanadium batteries in the mid-to-long term. Vanadium is mainly used as an alloy additive in the iron and steel industry. About 85% of the world's vanadium is used in the iron and steel industry. The development of the iron and steel industry will continue to be the main influencing factor for demand in the vanadium industry in the short term. From a mid-to-long term perspective, the growth of vanadium batteries will be significant. The space is huge and will have a major impact on the demand for vanadium. It is estimated that by 2025, the consumption of vanadium resources will reach 123,000 metric tons, while its market consumption in 2010 will be only 61,000 tons. Byron Capital analysts said: People are focusing on the use of vanadium batteries in the field of power storage, which triggered the competition for vanadium resources.
“The development of new energy technologies has become a global trend, and the application of vanadium batteries has become a focus of attention.†China's Taizhou New Energy Top Forum recently reported that the new energy industry will enter the "vanadium battery era." According to experts, in the power industry, energy storage technology can be applied to all aspects of power generation, transmission, distribution, and use. The main advantages of vanadium batteries are their ability to discharge at high current densities, long cycle life, rapid charging, and low price relative to Other energy storage devices. They are ideally suited for large static energy storage applications and can therefore be widely used in the power industry.
The general trend of national economic development has brought historic opportunities to the vanadium battery industry.
According to the "New Energy Vehicle Industry Development Plan" and battery industry data in recent years, the total of lead-acid batteries, batteries for electric vehicles, and batteries for electric vehicles will total about 300 billion yuan. The market size of wind power energy storage equipment and urban peak load energy storage equipment for vanadium batteries will be around RMB 11,000 billion.
The vanadium battery (VRFB) is the world's largest, most technologically advanced and most industrialized, highly efficient and reversible fuel cell. It has a series of unique advantages such as high power, large capacity, high efficiency, low cost, long life, and environmental protection. In the photovoltaic power generation, wind power generation, power grid peaking, distribution power stations, communications base stations, UPS or EPS, electric buses, military power storage and other broad areas have very good application prospects, in the United States, Canada, Europe, Japan, Australia has begun commercial Application.
At present, the domestic vanadium battery industry has started and has developed rapidly. Some leading companies have grown up.
The largest vanadium battery (VRFB) industrial base has settled in Taizhou, China. Chinese companies have mastered the world's key technologies for vanadium batteries, but domestic vanadium battery technology still lags behind foreign countries for 10 years. To this end, China Strategic Capital Group has established vanadium battery raw material production bases in Xuzhou and Nanyang, and is the largest in the country. The wind power base in Gansu Yumen established a national demonstration base for integration of wind, light and electricity storage. Because of the promising prospects for vanadium batteries, China Strategic Group used its advantages in vanadium reserves and capital to conduct equity cooperation with Japanese Jenna, South Korean Polyenergy, German Avantis and other companies, and established Yangtai Energy Co., Ltd., which is controlled by China Strategic Group. Into the field of vanadium batteries.
Yangtai Energy Co., Ltd. will build an annual output of 1GWVRFB vanadium battery and 6 million sets of SSRB power battery production line; launch vanadium battery market promotion in photovoltaic power generation, wind power generation, power grid peaking, communication base stations, UPS/EPS power supply and other fields. It is expected to be put into operation in the second half of 2012, with an operating income of 2.2 billion yuan and a net profit of 540 million yuan. By 2015, the company will achieve an annual production capacity of 1GW VRB vanadium battery and 6 million sets of SSRB batteries. It will realize an operating income of 15.1 billion yuan in net profit that year. 35 billion yuan, and strive to be listed on the Hong Kong Stock Exchange. The long-term goal is to complete the production and sales of 20GWVRFB vanadium batteries and 26 million sets of SSRB batteries in 2020, achieve an operating income of 179 billion yuan and a net profit of 36.7 billion yuan; VRFB battery annual sales increase by 95%, SSRB battery annual sales increase 30% has become a high-growth high-tech manufacturing company.
In terms of electrochemical energy storage, vanadium batteries have certain advantages and great potential for future development.
It is understood that electrochemical energy storage includes: sodium-sulfur batteries, vanadium batteries, and lithium batteries. For energy storage applications in power grids, especially for wind power generation, all-vanadium batteries and sodium-sulfur batteries are two major types that have been recognized by the market. Commercial technology.
In the existing global energy storage battery, 90% of megawatt-level projects use sodium-sulfur batteries. In Japan, sodium-sulfur batteries have a commercial size of nearly 200 megawatts. However, sodium-sulfur batteries have special control requirements for charge and discharge and require 2-3 times more redundancy. Lithium batteries have limited energy storage time and are only suitable for grid frequency regulation. Therefore, the vanadium battery is the best battery capacity and duration.
However, vanadium batteries are still not in a dominant position in the field of energy storage, and technological barriers are still to be broken.
Vanadium batteries also have shortcomings, low energy density, large volume, and a slightly higher cost than large-scale energy storage applications and energy storage. Although each type of energy storage technology has its own advantages and disadvantages, in the foreseeable future, there will inevitably exist in the field of energy storage in which the technologies such as sodium-sulfur batteries, vanadium batteries, and lithium batteries coexist and compete with each other. There is no monopoly of technology. The whole market situation. Compared with lead-acid batteries, lithium batteries and other technologies, vanadium batteries are more environmentally friendly, have a higher number of replays, and have larger capacities. However, their applications are still in the experimental demonstration stage. There have been no breakthroughs in industrialization applications for more than 20 years. For China Zhengze Group to realize the industrialization of vanadium batteries in such a short time, the domestic battery industry has many doubts, and the focus is on the technology of solid vanadium batteries.
In addition, excessive costs also limit the current development of vanadium batteries. Even in the field of large-scale vanadium storage batteries, industrialization is considered to take time.
According to professional figures in the industry, the optimistic expectation of domestic vanadium battery industry is to realize the industrialization of large-scale vanadium storage batteries in 3-5 years. A power grid expert pointed out that large-scale energy storage batteries in the power grid field, the cost of energy storage construction should be below $250/kWh, and this goal may take up to 10 years to reach. And 500 US dollars / kilowatt-hour will be able to carry out the threshold of industrialization, only the Japanese NGK can enter this range. The cost of construction of vanadium-based energy storage batteries is now between $500-1,000/kWh.
In addition, the industrialization of vanadium batteries still needs policy rationalization of supply and demand.
At present, the obstacles that restrict the development of vanadium batteries are mainly the pay-as-you-go relationship, that is, whether they pay for vanadium batteries is a power generation company or a power grid. Once the relevant policies are issued and the purchase relationship is rationalized, vanadium batteries will usher in explosive growth in the next 2-3 years.
Although technical, cost, and policy barriers have not been resolved so far, a few domestic companies have begun to seek ways to maximize the benefits of vanadium resource transformation.
At present, large-scale vanadium mining companies such as Panzhihua Iron and Steel Group and Chuanwei Group are actively seeking for resource transformation. Vanadium batteries have become their new direction of development. Current solid electrolyte vanadium power batteries have already approached the level of lithium batteries in terms of electric power, charge and discharge, and specific energy, and have advantages in terms of safety, service life, and cost over lithium batteries and lead-acid batteries. At present, China has an annual output of 130 million KVAH of lead-acid batteries, with a total production of 68 million KVAH in January-June 2011. If you use 12V/120AH car battery calculations, about 90 million per year. China's output accounts for 50% of the world's total. In 2010, global sales of lead-acid batteries were approximately US$66 billion.
Although, the possibility of short-term industrialization of vanadium batteries is relatively small, but the market expansion of new energy storage technology vanadium batteries will trigger the market growth of vanadium resources and its price increases, the company owns Tantalum resources Pangang vanadium titanium, HTC shares, days Hing instrument will benefit in the medium to long term.
According to statistics, vanadium is a typical China's advantageous resource. From the perspective of reserves, China's vanadium accounts for 35% of the world's vanadium ore, and its output accounts for 48% of the world's total, ranking first in the world. Other countries rich in vanadium resources are Russia and South Africa. According to the distribution of domestic vanadium resources, 63% of the vanadium mineral resources are concentrated in Sichuan. In 2010, China's vanadium output reached 61,500 tons.
The short-term demand for vanadium depends mainly on steel, and the demand for vanadium batteries in the mid-to-long term. Vanadium is mainly used as an alloy additive in the iron and steel industry. About 85% of the world's vanadium is used in the iron and steel industry. The development of the iron and steel industry will continue to be the main influencing factor for demand in the vanadium industry in the short term. From a mid-to-long term perspective, the growth of vanadium batteries will be significant. The space is huge and will have a major impact on the demand for vanadium. It is estimated that by 2025, the consumption of vanadium resources will reach 123,000 metric tons, while its market consumption in 2010 will be only 61,000 tons. Byron Capital analysts said: People are focusing on the use of vanadium batteries in the field of power storage, which triggered the competition for vanadium resources.
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