Shanghai (ZXZC)- The groundbreaking ceremony for the energy storage battery module and system integration project of Fengsheng Energy Technology (Liaoning) Co., Ltd., a joint venture between Chinese power battery maker SVOLT and Beisheng Stock, was held in Chaoyang city, Liaoning province, according to a post on SVOLT's WeChat account.

Pivoting around crucial energy storage technologies, the project encompasses R&D, sales, manufacturing, and service to strategically advance the field of energy storage system integration, with the aim of establishing a complete industry chain for integrated energy storage systems in northern China. This endeavor will also contribute to the development of the National Songliao Clean Energy Base.

Photo credit: SVOLT

The aforementioned project is set to be constructed in two phases. The first phase will house a module PACK production line compatible with mainstream energy storage cell models on the market, targeting the start of production in the second quarter of 2024 (SOP). The second phase is designed for battery disassembly and cascade utilization lines, as well as battery rental and swap market layout, and development of innovative power consumption models.

Leveraging its technological prowess in power battery module PACK, SVOLT will play a pivotal role in cultivating an energy storage system industry base in Chaoyang County, Liaoning, contributing to its transformation into a demonstration area for energy storage bases in Liaoning province. Additionally, the Songliao National Clean Energy Base spans three provinces in northeastern China and serves as China's wind-solar-energy integration base. The establishment of Fengsheng Energy will drive the scale application of new energy storage technologies, accelerate the integration of power generation, grid connection, and load, as well as promote clean energy adoption in the Songliao region. The groundbreaking of this energy storage project signifies the further implementation of the company's energy storage strategic initiatives, gradually forming an integrated energy storage industry chain.

Since unveiling its "Power + Energy Storage" two-pronged strategy, SVOLT has expedited the expansion of its energy storage business. It has released short-blade energy storage cells and products applicable across three domains: electricity, industrial and commercial sectors, and households. The company has already achieved large-scale energy storage project deliveries and grid connections in various regions such as Guangdong, Jiangsu, Hebei, Gansu, Zhejiang, and Xinjiang. Noteworthy installations include the 400MWh energy storage project in Aksu, Xinjiang, and the 40MWh wind energy storage project in Chifeng, Inner Mongolia, undertaken with State Power Investment Corporation Limited