Sichuan Unveils Nation's First Special Policy for Vanadium Battery Industry to Boost New Energy Storage Sector

Published: May 9, 2024 09:00
[Sichuan Issues the Country's First Special Policy for Vanadium Battery Industry to Expand New Energy Storage Field] Recently, the Sichuan Provincial Economic and Information Technology Department and other five departments jointly issued the "Implementation Plan for Promoting the High-quality Development of Vanadium Battery Energy Storage Industry." This policy is the country's first special policy for the vanadium battery industry. The "Implementation Plan" proposes to support the widespread application of vanadium batteries in various areas such as energy storage for photovoltaic and wind power generation, peak shaving and frequency modulation of power grids, and energy storage for communication base stations. In terms of strengthening technological innovation, the "Implementation Plan" proposes to establish high-level innovation platforms such as vanadium battery energy storage laboratories and pilot maturing platforms. In terms of accelerating the development of industrial clusters, the "Implementation Plan" proposes to support Chengdu, Panzhihua, Guangyuan, Neijiang, Leshan, Dazhou, Liangshan, and other regions to focus on key areas such as vanadium battery basic research innovation, vanadium resource development, vanadium electrolyte preparation, vanadium battery stack, and system integration equipment manufacturing.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking
5 hours ago
[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking
Read More
[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking
[SMM Analysis] Stainless Steel Social Inventory Saw a Slight Buildup, While High Supply Coupled with Cautious Downstream Demand Constrained Destocking
5 hours ago
Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026
5 hours ago
Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026
Read More
Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026
Xinghe Molybdenum Has Abundant Resources and Will Commence Construction in H2 2026
Yankuang Energy stated at its 2025 annual results briefing that, according to the feasibility study report prepared by Changsha Engineering & Research Institute Ltd. of Nonferrous Metallurgy, Xinghe Molybdenum (Caosiyao Molybdenum Mine) is located in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, and has molybdenum ore resources of 1.04 billion mt, metal content of 1.089 million mt, an average grade of 0.105%, and associated metals including tungsten and zinc. The designed capacity is 16.5 million mt/year of raw ore, and annual molybdenum concentrate production will reach 30,800 mt/year upon reaching full production. In February 2026, it was issued the electronic certificate for a mining license with an annual mining scale of 16.5 million mt, and construction is expected to commence in H2 2026, with a construction period of 1.5-2 years.
5 hours ago
Angang Steel's April ferromolybdenum tender price was 282,800/mt
5 hours ago
Angang Steel's April ferromolybdenum tender price was 282,800/mt
Read More
Angang Steel's April ferromolybdenum tender price was 282,800/mt
Angang Steel's April ferromolybdenum tender price was 282,800/mt
[Molybdenum-Iron Steel Tender Information] SMM, April 3: Angang Steel's latest ferromolybdenum tender price was 282,800 yuan/mt (acceptance bill), with a quantity of 210 mt and a delivery date of April 30.
5 hours ago