Core Viewpoint - The importance of long-duration energy storage is increasingly highlighted as global energy transition accelerates, with Zhonghai Energy Storage Technology (Beijing) Co., Ltd. focusing on the commercialization of iron-chromium flow battery technology [1][2]. Group 1: Technology and Innovation - Iron-chromium flow batteries offer advantages such as safety, long lifespan, low cost, and environmental friendliness, making them suitable for new power systems [1]. - The lifespan of iron-chromium flow battery systems can reach over 25 years, with a cycle life exceeding 20,000 times, and the materials used are stable and controllable [1]. - The company has developed the world's first dedicated AI model for iron-chromium flow batteries, named FlowBD, to enhance efficiency and reduce environmental impact [2]. Group 2: Market Strategy and Expansion - Zhonghai Energy Storage is accelerating the industrialization of iron-chromium flow batteries, with a strategic layout across various regions in China [3]. - The company has a current annual production capacity of 1 GWh and plans to expand to 9 GWh with new production bases in Inner Mongolia, Henan, and Guangdong [3]. - The company has signed its first long-duration energy storage project in Saudi Arabia and is preparing for international market expansion [3].