Star New Energy and Xinjiang Xinhua Hydropower to Establish Vanadium Flow Battery Electrolyte Manufacturing Base in Hami
Date: 01 Oct 2024 |
Source: Star New Energy Technology, 30 September 2024
Star New Energy Technology, in partnership with Xinjiang Xinhua Hydropower Investment Co., Ltd., has announced the official signing of a strategic agreement to jointly establish a state-of-the-art vanadium flow battery electrolyte manufacturing base in the Hami High-Tech Industrial Development Zone. With a total investment of approximately 3 billion RMB, this collaboration marks a significant step towards strengthening China's energy storage capabilities and promoting the high-quality development of the vanadium-titanium industry in the region.
The project, with an annual production capacity of 300,000 cubic meters of vanadium flow battery electrolyte, is designed to become a cornerstone of the growing vanadium-titanium resource utilization economic belt spanning Hami, Urumqi, and Kashgar. The first phase of the facility will produce 100,000 cubic meters annually, with full completion of the project expected by 2026, leading to an estimated annual output value exceeding 7 billion RMB.
This joint venture reflects the strategic commitment of both Star New Energy and Xinjiang Xinhua Hydropowerto advancing long-term energy storage solutions in China. The project will accelerate the development of a comprehensive vanadium flow battery industry chain in Hami, while positioning Xinjiang as a national leader in new energy storage technologies.
Hami's rich vanadium and titanium resources—estimated at 20 billion tons of vanadium-titanium magnetite, the largest in Xinjiang—have made it a focal point for developing new energy storage technologies. The establishment of the vanadium flow battery electrolyte manufacturing base is expected to leverage these resources, ensuring the supply of high-quality raw materials for local industries and boosting regional competitiveness in the global market.
As part of the collaboration, Star New Energy will also establish a Northwest R&D Center and battery stack production base in Hami by 2026, further expanding the vanadium flow battery industry in the region. The project aligns with Xinjiang's larger goal of creating a cleaner energy infrastructure, with the region expected to become China's largest renewable energy base by 2024.
By 2030, the total investment in Hami's vanadium flow battery industry is projected to exceed 10 billion RMB, with an industry output value surpassing 50 billion RMB. This development is expected to drive the transition towards greener, safer, and more efficient energy solutions across China.