Core Viewpoint - Ruifeng New Energy (00527) has successfully entered the Hebei pilot project list for its second phase of the energy storage station, indicating a significant step in the company's expansion and alignment with national energy policies [1][2] Group 1: Project Development - The first phase of the Ruifeng energy storage station, with a capacity of 300 MW and 1.2 GWh, is set to commence construction in September 2024 and achieve full capacity grid connection by January 22, 2025 [1] - The first phase utilizes lithium iron phosphate battery storage technology and features a four-hour long-duration storage system, enhancing the Hebei North grid's peak shaving and emergency backup capabilities [1] Group 2: Economic Impact - The first phase has already participated in medium to long-term electricity trading, entering the market operation phase and generating positive economic benefits [1] - The successful operation of the first phase supports the expansion and upgrade of the second phase project [1] Group 3: Strategic Importance - The second phase, a 200 MW and 0.8 GWh hybrid energy storage project, has been included in the Hebei Province multi-technology route independent energy storage pilot project list, reflecting the government's commitment to diversify and scale new energy storage solutions [2] - The second phase will be located near the completed first phase, leveraging existing grid infrastructure for easier project integration [2]

Core Insights - Ruifeng New Energy (00527) announced the construction of a 300 MW / 1.2 GWh independent energy storage station, with phase one expected to commence in September 2024 and achieve full capacity grid connection by January 22, 2025 [1] - The energy storage station utilizes lithium iron phosphate battery technology and features a four-hour long-duration energy storage system, enhancing the Hebei North grid's peak shaving and emergency backup capabilities [1] - The project is the first grid-connected independent energy storage station in Hebei North and currently the largest in North China, contributing to economic benefits through participation in the Hebei North electricity trading platform [1] - The Hebei Provincial Development and Reform Commission has included the second phase of the Ruifeng energy storage station, a 200 MW / 0.8 GWh hybrid energy storage project, in its pilot project list to promote diversified and large-scale development of new energy storage [1][2] Project Details - The second phase of the Ruifeng energy storage station will be located in the Ulan Management Area of the Chabei Management District in Zhangjiakou, adjacent to the completed phase one site [2] - The site selection leverages existing grid infrastructure, including the State Grid Jiefang 500 kV substation and a self-built 220 kV booster station, facilitating project connectivity [2]