一线调研 | 从亏损到独角兽！液流电池突破“卡脖子”技术，迎来吉瓦时时代

Core Viewpoint - The rapid growth of wind and solar energy has created a pressing demand for new energy storage solutions due to their inherent volatility and intermittency. A private company in Dalian, specializing in vanadium flow battery storage, has emerged as a global "unicorn" in the new energy storage sector despite years of operating losses [1][6]. Group 1: Company Development and Innovation - Dalian Rongke Energy Technology Development Co., Ltd. transitioned from purifying vanadium chemicals for aerospace and environmental applications to focusing on energy storage, recognizing the opportunity presented by China's shift towards green and low-carbon energy [4]. - The company has invested over 2 billion yuan in technology innovation and industrial development over the past decade, successfully overcoming challenges in electrochemical technology and core material technology, achieving full domestic production of its supply chain [17]. - The company has established itself as a leader in the industry, holding over 500 domestic and international patents and contributing to the formulation of industry standards [19]. Group 2: Technological Advancements - The vanadium flow battery technology developed by the company boasts a lifespan of over 20 years and high safety standards, but its high cost has limited widespread adoption [7]. - The company has made significant progress in localizing key materials, such as membrane and electrode materials, which were previously imported and expensive. This localization has improved performance and reduced costs [9][13]. - The company has successfully scaled its production from megawatt to gigawatt levels, with its products now accounting for 60% of the global vanadium battery market and 80% of the vanadium electrolyte market [19]. Group 3: Market Outlook and Future Prospects - As the demand for energy storage solutions grows alongside the increasing capacity of new energy installations, the company is poised to benefit from a broader market opportunity in the new energy storage sector [21]. - The company has completed the delivery of a 200 MW/1 GWh energy storage project, marking a significant milestone in the vanadium flow battery industry [19].