Since 2023, the liquid flow battery has filed and won a total of...

Since 2023, the liquid flow battery has filed and won a total of 1.6GW/6.5GWh.2023-08-17 10:41:02 Source: GGIIChina Energy Storage Network News: Affected by the high-proportion long-term storage policy and the great progress of liquid flow battery technology in many places, the liquid flow battery represented by all vanadium liquid flow battery has accelerated its application in the field of energy storage. According to the statistics of GGII energy storage database, since 2023, the liquid flow battery filing and winning projects have been 1.6GW/6.5GWh, with an average duration of 4.1 hours, all of which are all vanadium liquid flow batteries.

Statistics of liquid flow battery filing and winning projects since 2023Source: GGII Energy Storage Database, August 2023Driven by downstream demand, in 2023, the financing of enterprises in the liquid flow battery industry chain, mainly full vanadium liquid flow batteries, was hot, with a total of more than 2.1 billion yuan, of which all vanadium liquid flow battery enterprises accounted for 60%. In addition, in the first half of 2023, Shanghai Electric, new new vanadium and titanium, Zhonghai Energy Storage, Jiangsu Linyuan, Liquid Flow Energy Storage Technology, Shaanxi Construction Engineering New Energy and other liquid flow industry chain enterprises have successively announced the expansion of production, with a total planned production capacity of more than 12.2GW.Enterprise financing statistics of liquid flow battery industry chain since 2023Source: Public Information, collated by the Institute of Advanced Industrial Research and Energy Storage Research (GGII), August 2023In 2020-2023, benefiting from the breakthrough of liquid flow battery technology, the single-body reactor power continues to increase, from 30KW to more than 60KW, and the cost continues to decline. At present, the cost of the full vanadium liquid flow battery system (4h configuration) is 3-3.5 yuan/Wh.


Due to the advantages of liquid flow batteries in safety characteristics and the power cost of the whole life cycle, it is expected to be applied on a large scale in large and medium-term energy storage power stations in the future. GGII expects that the domestic liquid flow battery installation will reach 3GW in 2025 and increase to 15GW in 2030.Price and forecast of China's all-vanadium liquid flow battery system in 2020-2025 (4h configuration, yuan/Wh)