Zongshen energy storage power supply

How did Zongshen power expand overseas?

We expanded our production scale, improved our overall image, and established a global production and distribution strategic system in Germany, South Africa and US to accelerate our overseas expansion. Zongshen Power signed an M&A agreement with Lithium Valley.

What is new energy storage?

New energy storage, or energy storage using new technologies such as lithium-ion batteries, liquid flow batteries, compressed air and mechanical energy, is an important foundation for building a new power system in China, enjoying the advantages of quick response, flexible configuration and short construction periods.

Why do we need pumped storage power stations in Zhejiang?

Vigorously developing and building small and medium-sized pumped storage power stations is an important measure to solve the current imbalance in energy development in Zhejiang, and it is also an important measure to attract capital investment, ensure local electricity safety, and create a demonstration and pilot zone for common prosperity.

Why is energy storage important in China?

Developing energy storage is an important step in China's transition from fossil fuels to renewable energy, while mitigating the effect of new energy's randomness, volatility and intermittence on the grid and managing power supply and demand, he said.

Should Chinese power systems develop pumped storage systems?

The result shows the urgency of developing the PSPS in Chinese power systems that have given priority to thermal power, and the energy resources need the wide-range optimal allocation within the system. The development cycle of the pumped storage is long, and at least 8–10 years are needed from the planning to the completion.

How are pumped storage power stations priced in China?

At present, China's pumped storage power stations mainly have three pricing mechanisms: single capacity price, single electricity price and two-part price .