欧宝体育

1 Introduction to the Project

1.1 Project background

1.1.1 Product introduction

Lead-carbon battery is an innovative super battery technology that cleverly integrates the maturity of traditional lead-acid batteries with the excellent performance of super capacitors. Lead-carbon battery technology, due to its outstanding advantages of low cost and high safety, is widely used in various new energy storage systems such as solar energy, wind energy, and wind solar complementary systems, smart grids, micro-grid systems, power supply and storage systems in off-grid and weak-grid areas, power frequency regulation and load tracking systems, power peak shaving and valley filling systems, and residential energy storage and charging systems. It is one of the mainstream energy storage batteries.

This project relies on wind, solar, and biomass energy resources in Taonan City to construct a lead-carbon energy storage power station on the grid side. The core energy storage unit of the power station is composed of lead-carbon batteries.

1.1.2 Market prospect

1 Energy storage market analysis

The proportion of the new energy industry in China's energy structure is constantly increasing. As a key link in the new energy industry chain, new energy storage technologies are playing an increasingly important role, not only enhancing the stability and flexibility of the energy system, but also promoting the innovative development of the entire new energy industry. In 2023, China's new energy storage technology will show a trend of large-scale and diversified development, providing strong support for the continuous expansion of the new energy industry. The new energy storage market in China is developing rapidly, with optimized and upgraded technological structures. In 2023, the cumulative installed power of energy storage in China is about 83.7GW, with over 30 GW of installed capacity already in operation. Among them, the new energy storage contributes the most (accounting for 59.4%), with a cumulative installed power of about 32.2GW, a year-on-year increase of 196.5%. The pumped storage accounts for 39.9% of the total installed energy storage capacity, with a cumulative installed power of approximately 50.6 GW, a year-on-year increase of 10.6%.

In 2023, 97.4% of China's energy storage capacity were lithium-ion batteries, 0.5% were lead-carbon batteries, 0.5% were compressed air batteries, 0.4% were flow batteries, and 1.2% were other new energy storage technologies batteries. The technological roadmap is now flourishing. The world's first non-supplementary combustion salt cavern compressed air energy storage power station, 100 MW advanced compressed air energy storage power station, 100 MW all vanadium flow power station, commercial gravity energy storage power station, the world's largest non-supplementary combustion compressed air energy storage power station (300 MW/1500 MW·h), all vanadium liquid flow energy storage power station (100 MW/1500 MW·h), liquid compressed air energy storage power station (60 MW/60 MW·h), lead battery energy storage power station (100 MW/1061 MW·h) and other projects with different technical routes have all started construction and operation in China.

2 Lead-carbon battery energy storage market analysis

(1) Applications in energy storage systems

1) Applications in power generation side energy storage

On the power generation side, lead-carbon batteries are matched with photovoltaic or wind power generation to smooth the power generation curve and solve the problem of power abandonment. For example, Jiuzhou Group's lead-carbon energy storage batteries are suitable for large-scale grid side and power generation side energy storage. Lead-carbon batteries can store energy when the output of photovoltaic and wind power is unstable, release energy when needed by the power grid, and improve the stability and reliability of new energy generation. According to statistics, after adopting lead-carbon battery energy storage systems, the abandonment rate of new energy generation can be reduced by more than 30%.

2) Applications in grid side energy storage

On the grid side, lead-carbon batteries are mainly used for peak shaving and frequency regulation to increase grid stability. The first grid side energy storage power station in China to adopt lead-carbon battery technology is located in Changxing County, Huzhou City. The lead-carbon battery used in the power station has the characteristics of safety, reliability, and low operation and maintenance costs. The energy storage batteries can be charged and stored energy during low electricity consumption periods in cities; While during peak electricity consumption, stable discharge can be used to fill the power gap and provide a "relaying endurance" for the power grid; In the event of a sudden power grid failure, it can be replaced at a millisecond speed to continue providing stable and reliable power supply for the urban area. Assuming that each household consumes an average of ten kilowatt hours of electricity per day, the power station can provide one day's electricity consumption for 2600 households.

3) Applications in user side energy storage

On the user side, lead-carbon batteries achieve electricity price arbitrage by peak shaving and valley filling, providing value such as backup power. Users can utilize the excess capacity of their transformers during off peak hours or purchase off peak electricity through the electricity trading market to store energy and reduce electricity costs during peak hours. At the same time, lead-carbon batteries can also serve as a backup power source to provide electricity security for users during power outages. For example, lead-carbon batteries have broad application prospects in fields such as communication energy storage and industrial and commercial energy storage. Tianneng Battery Group and the Taihu Electric Technology have reached a strategic cooperation intention. Taihu Electric Technology will purchase lead-carbon battery cells with a total amount of no less than 30GWh from Tianneng Battery Group in the next few years, and invest in supporting the construction of energy storage power stations with a capacity of no more than 3GWh for the production base of Tianneng Battery Group. The key direction is user side energy storage, which is mainly used for peak and valley regulation, equivalent to a large "urban charging bank".

(2) Market scale

Lead-carbon batteries, as an important component of future energy storage technology, have the advantages of mature production processes, low production costs, low raw material costs, safety and stability. With the improvement of performance and technological progress, they will also show absolute advantages in the field of energy storage, such as large capacity, abundant raw material reserves, recyclability and ease of manufacturing. At the same time, the 99% recovery rate of lead-carbon batteries and strict lead environmental emission regulations greatly enhance the environmental friendliness of lead-carbon batteries. Moreover, compared to current lithium and vanadium batteries, lead-carbon batteries are the lowest cost electrochemical energy storage technology among several types of batteries. Due to their suitability for working under partial charge conditions and good safety, lead-carbon batteries are suitable for application in various scales of energy storage fields. Under similar indicators such as output power level, discharge time, efficiency, and lifespan, the construction cost of lead-carbon batteries is only half of that of lithium batteries and a quarter of that of vanadium batteries. In application scenarios that require large-scale energy storage, lead-carbon batteries have a stronger competitive advantage compared to vanadium and lithium batteries.

With the continuous promotion of new energy storage construction in China, the implementation of lead-carbon battery energy storage projects are also accelerating. Compared to the gradual rise of new energy storage technologies such as flow batteries, the implementation of lead-carbon battery energy storage projects is more robust and rapid. Since 2022, significant progress has been made in the expansion, bidding, and operation of lead-carbon battery energy storage projects, leading to a significant increase in attention both within and outside the industry. In 2024, the lead-carbon battery energy storage has ushered in new investment opportunities, and the project construction has been significantly enhanced. Data shows that as of the first half of the year, the total installed capacity of new energy storage in China was 44.44 million kilowatts, of which lead-carbon battery energy storage accounted for only 0.8%, but the installed capacity reached 355500 kilowatts, achieving a rapid growth of nearly 200000 kilowatts compared to the same period last year.

(3) Main enterprises and competitive condition

The main production enterprises in the field of lead-carbon batteries include Narada Power Source, Tianneng Battery Group, Sacred Sun Power Sources, Chilwee Group, Shuangdeng Group, etc. These enterprises have their own advantages in technology research and development, production scale, and market share respectively, and the competitive landscape is relatively fierce. For example, the lead-carbon battery products developed by Narada Power Source have already been applied in multiple Chinese energy storage demonstration projects and are currently operating stably. Tianneng Battery Group and Changxing Taihu Electric Technology signed a 30Gwh lead-carbon battery order, becoming one of the leading lead-acid battery enterprises. Shuangdeng Group also holds a certain share in the lead-carbon battery market, and its products are widely used in fields such as communication systems, smart grids, and micro-grids.

(4) Growth trend

In the future, with the continuous expansion of the energy storage market, the market size of lead-carbon batteries is expected to continue to maintain a growth trend. In the energy storage market, the proportion of lead-carbon batteries will gradually increase. It is expected that by 2028, after entering the TWh era, lead-carbon battery energy storage will account for more than half of China's new energy storage capacity.

1.1.3 Technical analysis

Lead-carbon batteries have a clear technological development direction in terms of energy density, cycle life, and charge discharge rate. In terms of energy density, researchers are developing new lead-carbon composite materials to improve the energy density of batteries. For example, by adding high-performance carbon materials to the negative electrode material, the conductivity of the negative electrode can be improved, thereby enhancing the energy density of the battery. In terms of cycle life, optimizing the battery structure and manufacturing process can reduce production costs while improving the battery's cycle life. In terms of charging and discharging rate, by developing an intelligent battery management system, real-time monitoring and protection of the battery can be achieved, and the charging and discharging rate of the battery can be improved.

1.1.4 Advantageous conditions of project construction

(1) Policy advantageous

The Guiding Opinions on Accelerating the Development of New Energy Storage issued by the NDRC and the NEA propose that by 2025, China will transform new energy storage from the initial stage of commercialization to large-scale development. The innovation capability of new energy storage technology will be significantly improved, and the level of core technology equipment will be greatly enhanced. Significant progress will be made in high safety, low cost, high reliability, and long service life energy storage. The standard system will be basically improved, the industrial system will become increasingly complete, the market environment and business models will be basically mature, and the installed capacity will reach more than 30 GW; By 2030, the comprehensive market-oriented development of new energy storage will be achieved.

The MIIT, NDRC, and Ministry of Commerce have issued the Work Plan for Stable Growth of Light Industry (2023-2024), which proposes to vigorously develop products such as high safety lithium batteries, lead-carbon batteries, and sodium batteries, as well as expand their applications in new energy vehicles, energy storage, communication and other fields.

The Implementation Plan for the Development of New Energy Storage in the 14th Five Year Plan specifies the implementation of key core technologies, equipment, and integrated optimization design research and application, including lead-carbon batteries, sodium-ion batteries, new lithium-ion batteries, flow batteries, compressed air, hydrogen (ammonia) energy storage, and thermal (cold) energy storage, to support the construction of a new power system and accelerate the high-quality and large-scale development of new energy storage.

The national standard Lead-Carbon Batteries for Electric Energy Storage, led by China Electric Power Research Institute and edited by Narada Power Source, has important guiding significance for the terminology, definition, technical requirements, and test methods of lead-carbon batteries for energy storage in China, providing a basis for the formulation (revision) of relevant standards and specifications. In addition, the two industry standards, High Rate Valve Regulated Sealed Lead-Acid Batteries for Communication and Valve Regulated Sealed Lead-Carbon Batteries for Communication, drafted by Shuangdeng Group, provide standards and specifications for the development of high rate batteries and lead carbon battery products in the industry. The formulation and implementation of these standards help regulate the market order of lead-carbon batteries, ensure product quality and safety, and promote the healthy development of the lead-carbon battery industry.

(2) Resource advantageous

Taonan City has 347100 hectares of arable land, 60300 hectares of forest land, 50100 hectares of grassland, 13500 hectares of water and water conservancy facilities, and 5000 hectares of other land.

There are 7 rivers of different sizes in Taonan City. Tao'er River is a tributary of Nenjiang River, with a length of 156 kilometers. The total amount of water resources in the city is 450 million cubic meters per year, of which the amount of groundwater resources is 380 million cubic meters per year.

Taonan City is rich in wind, solar, and biomass energy resources, with an average wind speed of 7.23m/s-7.9m/s at a height of 70 meters and a wind power density of 386.5W/㎡-453.9W/㎡. 75% of the prevailing wind direction is northwest wind, which is conducive to the layout of wind turbines, and wind energy resources are all above level 3 wind. The area has abundant sunshine throughout the year, with few rainy days, longer sunshine hours, and better atmospheric transparency. The average daily sunshine hours are close to 7.8 hours, and the annual average sunshine hours are 2846.5 hours, making it one of the regions with abundant solar energy.

(3) Industrial advantageous

In recent years, Taonan City has focused on collaborating to build a national level clean energy base in western Jilin, implementing the "Hydrogen Energizes Jilin", "Methanol Fuels the Globe", and "Jilin Hydrogen Reaches the Coast" actions, promoting the parallel development of four types of new energy power generation, including wind, solar, biomass, and garbage power generation, while fostering industrial clusters for wind turbine, photovoltaic, and hydrogen production equipment manufacturing. Breakthroughs have been achieved in three pioneering industries: Geothermal heating, pumped-storage hydro-power stations, and lead-carbon energy storage. Leveraging its provincial-level chemical industrial park, Taonan City has attracted several 10-billion-yuan hydrogen-based chemical projects, forging an integrated and full-chain development pathway for the renewable energy sector. This has built a new industrial ecosystem and competitive advantages. There are leading companies located in Taonan City, including Shanghai Electric, Zhejiang Windey, and Beijing Yaojing, specializing in renewable energy development, equipment manufacturing, and local green electricity consumption/conversion. Together, they are developing the 20 GW green energy "mine".

(4) Talent advantageous

Baicheng City has several colleges and universities, including Baicheng Normal University, Baicheng Medical College, and Baicheng Vocational and Technical College. It is actively introducing Baicheng Industrial Vocational and Technical College. After the college is completed, it plans to recruit more than 2000 undergraduate students annually from Jilin province and the other provinces in China, and reach a scale of 10000 students in 4-5 years. At that time, a "university city" with a total of nearly 50000 teachers and students will be formed together with Baicheng Normal University and Baicheng Medical College, which can provide professional technical talents for the project.

(5) Location advantageous

Within Taonan City, there are the Beijing-Qiqihar and Hulan-Hailun Railways, the 111 National Highway and Changchun-Baicheng Highway pass through. It can reach Beijing, Shenyang and Dalian in the south, directly reach Qiqihar, Hailar and other places in the north. The highway is centered around the urban area and connects various towns in a radial pattern, with a total mileage of 861 kilometers. There are national arterial highways and Changchun-Baicheng West Provincial Highway passing through. It takes less than 20 minutes' drive to Hunchun-Ulanhot Expressway, the newly completed Nenjiang-Dandong Expressway passes through the area. It is a 4-hour drive to the provincial capital Changchun Airport, a 70 minute drive to Ulanhot Airport, and a 20 minute drive to Baicheng Chang'an Airport.

1.2 Contents and scale of project construction

The project covers an area of 40000 square meters, mainly constructing a 100MW/200MWh lead-carbon energy storage power station and a 220 kV booster station, as well as supporting facilities such as new energy production workshops and office buildings.

1.3 Total investment of the project and capital raising

1.3.1 Total investment of the project

The total investment of the project is 200 million yuan, including a construction investment of 160 million yuan and a working capital of 40 million yuan.

1.3.2 Fundraising

Fundraised independently by the enterprise.

1.4 Financial analysis and social evaluation

1.4.1 Main financial indexes

After the project reaches the production capacity, its annual sales income will be 167 million yuan, its profit will be 25 million yuan, its investment payback period will be 10 years (after the tax, including the construction period of 2 years) and its investment profit rate will be 12.5%.

Note: “10 thousand yuan” in the table is in RMB.

1.4.2 Social evaluation

Developing electrochemical energy storage is one of the important ways to promote energy transformation and build new power systems, and it is also an important support for implementing the Carbon Peaking and Carbon Neutrality Goals. The project aims to achieve stable energy supply and efficient utilization by constructing a lead-carbon energy storage power station to store electricity generated from renewable energy sources, reducing dependence on traditional fossil fuels and environmental pollution.

1.5 Cooperative way

Joint venture, cooperation, sole proprietorship, other methods can be discussed offline.

1.6 What to be invested by the foreign party

Funds, other methods can be discussed offline.

1.7 Construction site of the project

Jilin Taonan Economic Development Zone

1.8 Progress of the project

This project is in the stage of external investment promotion.

2 Introduction to the Partner

2.1 Basic information

Name: Taonan Economic Development Zone, Jilin Province

Address: No.1 Tiedong District, Taonan City, Jilin Province

2.2 Overview

Taonan Economic Development Zone is an industrial concentration zone established in December 2005 through the filing of the Provincial Government Development Office, with a planned area of 759.68 hectares. According to the industrial and functional positioning, the development zone is divided into four areas: Industrial zone, trade and logistics zone, management and service zone, and living zone. In recent years, in accordance with the overall requirements of high target positioning, high standard planning, high-level construction, and high-speed development, the supporting infrastructure construction of the development zone has been improved, and the construction of the "seven connections and one leveling" framework road in the overall framework and starting area has been completed. The "seven connections and one leveling" and "three vertical and four horizontal" road network frameworks have been basically formed, meeting the needs of enterprises and promoting the project construction process.

At present, according to the overall planning and design, Taonan Economic Development Zone focuses on building four major industries: Agricultural and livestock product processing, green energy, medical and health products, and textile and clothing. Among them, agricultural and livestock product processing is the leading industry, medical and health products, textile and clothing are advantageous industries, and new energy is strategic emerging industry.

2.3 Contact method

Postal code: 137100

Contact person: Gao Xuezhong

Tel: +86-436-6262011   +86-15567967499

E-mail: tnjhj2010@163.com

Contact method of the city (prefecture) where the project is located:

Contact person of the city (prefecture): Xu Zengchun

Tel: +86-436-3203010   +86-13894682986

Fax: +86-436-3224565

E-mail: bcjhj07@126.com