Gotion High-Tech Co.Ltd(002074) subsidiaries jointly won the bid for the 394 million yuan Huaibei Wanneng energy storage power station project

It was announced on January 12 that the wholly-owned subsidiary Hefei Gotion High-Tech Co.Ltd(002074) power energy Co., Ltd. (hereinafter referred to as “Hefei GuoXuan”) received the letter of acceptance from An Hui Wenergy Company Limited(000543) on January 11, 2022, confirming that the consortium composed of Hefei GuoXuan and Southwest Electric Power Design Institute has become the bid winner of “general contracting of phase I (103mw / 206mwh) project of Huaibei Wanneng energy storage power station”.

The announcement shows that the bid winning amount of the project is 394 million yuan (including tax) and the construction period is 270 calendar days. The overall construction scale of the project is 1GWh, including 103mw / 206mwh in phase I, which is located in the plant area of Huaibei Guoan Power Co., Ltd., Lieshan District, Huaibei City, Anhui Province. In terms of division of labor, Hefei GuoXuan is responsible for providing the DC side battery energy storage system of the project, and Southwest Electric Power Design Institute is responsible for the overall control of the EPC contract of the project, including survey and design, equipment procurement, construction management, etc.

Gotion High-Tech Co.Ltd(002074) said that the above winning projects will be specifically implemented by the company’s energy storage business section. After the completion of Huaibei Wanneng energy storage power station, it will become the power grid side lithium iron phosphate energy storage power station with the largest single capacity in China. The winning of the project is conducive to promoting all-round cooperation between Hefei GuoXuan and An Hui Wenergy Company Limited(000543) in energy storage, zero carbon Park and photovoltaic, enriching the application of the company’s products, improving the company’s customer structure, and further improving the company’s position and influence in the energy storage market.

In addition, as the power grid side lithium iron phosphate energy storage power station with the largest single capacity in China, the successful completion of the project will effectively alleviate the impact of large-scale local new energy grid connection on the safe and stable operation of the power grid, provide experience and reference for the business model and market development of China’s energy storage market, and help to improve the proportion of new energy in the power system, It plays an important role in realizing the transformation of energy structure to low-carbon.

Gotion High-Tech Co.Ltd(002074) is one of the earliest enterprises in China engaged in independent R & D, production and sales of power lithium-ion batteries for new energy vehicles. Its main products are lithium iron phosphate materials and cells, ternary materials and cells, power battery pack, battery management system and energy storage battery pack. The 2021 semi annual report shows that in the field of energy storage, Gotion High-Tech Co.Ltd(002074) continues to deepen cooperation with Huawei, China Tower, State Grid and other enterprises, jointly explore the energy storage market outside China, innovate the business model, and successively implement wind power storage projects in Lujiang, Nanjing and Huaneng Mengcheng.

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