Core Viewpoint - Zhejiang Xingchen New Energy Technology Co., Ltd. has announced the procurement framework agreements for three major projects: a 5GWh lithium iron phosphate energy storage project, an 800MWh vanadium flow battery energy storage project, and a 220kV/330kV booster station equipment project [2][8]. Group 1: Project Overview - The 5GWh lithium iron phosphate energy storage project is divided into 6 bidding sections [3]. - The 800MWh vanadium flow battery energy storage project is divided into 8 bidding sections [3]. - The 220kV/330kV booster station equipment procurement is divided into 7 bidding sections [4]. Group 2: Bidding Sections Details - **5GWh Lithium Iron Phosphate Energy Storage Project**: - Section 1: Lithium iron phosphate battery procurement - Section 2: DC side container procurement - Section 3: BMS battery management system procurement - Section 4: DC side liquid cooling system procurement - Section 5: Energy storage fire protection system procurement - Section 6: Converter and booster integrated cabin procurement [5]. - **800MWh Vanadium Flow Battery Energy Storage Project**: - Section 1: Container combination (including internal support) procurement - Section 2: Electrolyte circulation pump procurement - Section 3: Chiller procurement - Section 4: Electrolyte procurement - Section 5: Ion exchange membrane procurement - Section 6: Carbon felt procurement - Section 7: Bipolar plate procurement - Section 8: Converter and booster integrated cabin procurement [31]. - **220kV/330kV Booster Station Equipment Project**: - Section 1: Main transformer and supporting devices procurement - Section 2: 220kV/330kV distribution device procurement - Section 3: 35kV distribution device procurement - Section 4: 10kV distribution device and low-voltage distribution device procurement - Section 5: Lightning protection and fireproof materials procurement - Section 6: Electrical secondary part procurement - Section 7: Cable procurement [4]. Group 3: Bidding Timeline - The bidding documents for the procurement can be obtained from January 4, 2026, 8:30 AM to January 16, 2026, 5:00 PM [6][55]. - The deadline for submitting bidding documents is March 3, 2026, at 9:00 AM [27].

Core Insights - The company has achieved a cumulative consumption of approximately 2.372 billion kilowatt-hours of renewable energy in the first ten months of the year, with a green electricity substitution rate of 33.74%, resulting in a cost reduction of about 234 million yuan [1][2] Group 1: Renewable Energy Initiatives - The company is actively promoting the construction of source-grid-load-storage projects to build a safe, efficient, and green intelligent power system [1] - The company has diversified its photovoltaic coverage to various locations, including rooftops, walls, and railways, under the philosophy of converting all sunny areas into green electricity [1] - The total installed capacity of renewable energy has reached 926.12 megawatts, comprising 830.07 megawatts of photovoltaic, 38.75 megawatts of wind power, and 57.3 megawatts of gas power [1] Group 2: Integrated Energy Management - The company is pioneering the construction of an integrated source-grid-load-storage project in Henan Province, establishing a smart control platform that utilizes big data for real-time load forecasting and renewable energy generation [2] - The total capacity of the energy storage stations being constructed is 188.5 megawatts/437 megawatt-hours, with ongoing projects in collaboration with CATL and other entities [2] - The company aims to build a smart electricity trading platform to achieve full-chain digital management of the power system, advancing energy management into a new phase of intelligence [2]

Core Viewpoint - The trend of large-scale energy storage projects is becoming a new normal in the industry, driven by industrial transformation and the need for scale and efficiency in energy storage solutions [1]. Group 1: Recent Developments in Energy Storage Projects - Guoxuan High-Tech has successfully connected a 202MWh user-side energy storage project to the grid, featuring a maximum power of 25.36MW and a storage capacity of 202MWh [2][4]. - Longi Green Energy has received approval for a 1.2GWh lithium iron phosphate energy storage project, with a total investment of 1 billion yuan, planned to be constructed between June and December 2026 [5][6]. - China Power Construction has announced the bidding results for a 2GWh energy storage project, with two companies, Yao Xing New Energy and Wanbang Star Charging Energy, winning the bids for sub-projects totaling 500MW/2000MWh [7][8][10]. Group 2: New Project Agreements and Contracts - Jinghe New Energy signed an investment agreement for a 4GWh independent energy storage project in Inner Mongolia, with a total investment of approximately 4 billion yuan, expected to start construction in April 2026 [11][13]. - Yuneng Times has signed a framework agreement for a 400MW/800MWh energy storage project in Hubei, with a total investment of 800 million yuan, aimed at enhancing grid peak regulation capabilities [14][16]. - Ketech Energy has successfully connected a 600MWh immersion energy storage project to the grid in Xinjiang, which is the largest of its kind in the region [17][19]. - Yunda Energy has completed the grid connection of a 400MWh hybrid energy storage project, which integrates both electrochemical and hydrogen storage technologies [20][22]. - Guangdong Construction has signed an EPC contract for a 1.2GWh energy storage project, with a total contract value of approximately 1.888 billion yuan [23][25].