Hainan Haide Capital Management Co.Ltd(000567) today, it was announced that the company signed the “all vanadium liquid flow energy storage battery industry development cooperation agreement” with “China vanadium energy storage” and “China Science and technology”, and plans to jointly invest in the establishment of all vanadium liquid flow energy storage battery industry development company to promote the development of all vanadium liquid flow energy storage battery industry projects such as vanadium resource integration, high-purity vanadium smelting, vanadium based new material manufacturing, vanadium electrolyte production and the construction of all vanadium liquid energy storage power station.
It is announced that Hubei Province is building the first commercial vanadium production and storage power station of vanadium, which is the first EPC contractor of pure vanadium battery and pure vanadium battery production and operation in China. At present, it has the first vanadium production and storage technology of pure vanadium battery in Hubei Province. China Science and technology is a company specialized in investment management of science and technology industry under the Chinese Academy of Sciences. It has rich practical experience in promoting the transformation of scientific and technological achievements, the development of strategic emerging industries, equity investment management and so on.
The contents of tripartite cooperation include: 1. The three parties jointly invest in a joint venture, which is mainly engaged in the development of vanadium ore resources, the smelting of high-purity vanadium, the manufacturing of vanadium based new materials, the production of vanadium electrolyte, the construction of all vanadium liquid energy storage power station, etc. 2. The controlling shareholder is China vanadium energy storage, which is fully responsible for the operation and management of enterprises such as vanadium ore resource acquisition, production management, technology improvement and market expansion Hainan Haide Capital Management Co.Ltd(000567) as an important shareholder, he is responsible for assisting in resource acquisition, market development and corporate governance; As a professional company in science and technology investment management, China Science and technology is responsible for assisting in technology development and corporate governance. The specific shareholding ratio of the three parties shall be separately agreed according to the investment scale and project promotion. 3. The three parties agreed to accelerate the acquisition of vanadium resources, the construction of the first 100 trillion vanadium energy storage power station in Hubei Province and the supporting 30000 ton high-purity vanadium electrolyte production line in the near future.
The company said that through this cooperation, the company has taken new steps in implementing the national energy security strategy and the decision-making and deployment of “carbon peak and carbon neutralization” of the CPC Central Committee and the State Council, and will promote the technological progress and industrial development of all vanadium liquid flow battery energy storage. In addition, this cooperation will accelerate the company’s investment layout in the energy storage industry, help the company speed up the expansion of business areas, extend the business chain, improve the company’s asset management ability in subdivided areas, and enhance the company’s profitability and core competitiveness.
