Core Viewpoint - The article highlights the successful grid connection of the first phase of the Binzhou Beihai Independent Shared Energy Storage Project, which features a capacity of 303.5MW and 602.3MWh, showcasing a multi-technology integration approach for large-scale energy storage [2]. Group 1 - The project utilizes three core technologies: lithium iron phosphate batteries, supercapacitors, and all-vanadium flow batteries, enabling it to handle instantaneous energy fluctuations and adapt to various energy application scenarios [2]. - The independent shared operation model maximizes the value of energy storage resources, facilitating flexible interaction with the grid and enhancing the region's capacity for renewable energy consumption [2]. - Upon operation, the project can store 600,000 kWh of electricity, sufficient to meet the daily electricity needs of 120,000 households [2]. Group 2 - The project serves as a replicable model for the development of the new energy storage industry in the city and province, aligning with the region's renewable energy consumption requirements [3]. - The project reflects the transformation of Binzhou's energy structure and aims to optimize the business environment to support the advancement of renewable energy projects, contributing to high-quality local economic and social development [3].