Yunnan Energy Investment said in an institutional conference call on August 31 that the company's 100,000-kilowatt all-vanadium liquid flow energy storage project is still in the early stages. The number of times the project power grid is used and the electricity capacity price need to be separately approved. The 4-hour long energy storage meets the peak load demand of the power grid and is the direction of the industry's development. This project uses next-generation all-vanadium liquid flow technology, and subsequent grid energy storage can also explore revenue space for auxiliary services such as frequency modulation and peak output.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.