Zhejiang Wanliyang Co.Ltd(002434) : the total installed capacity of the energy storage power station to be invested and constructed under the signed agreement is about 1000MW

On April 27, Zhejiang Wanliyang Co.Ltd(002434) ( Zhejiang Wanliyang Co.Ltd(002434) ) announced that the “Yiwu Zhejiang Wanliyang Co.Ltd(002434) Suxi substation independent energy storage project” invested and constructed by the company’s holding subsidiary Zhejiang Zhejiang Wanliyang Co.Ltd(002434) Energy Technology Co., Ltd. (hereinafter referred to as ” Zhejiang Wanliyang Co.Ltd(002434) energy”) officially entered the “Zhejiang new energy storage demonstration project”. According to the announcement, Zhejiang Wanliyang Co.Ltd(002434) energy has put into operation four power generation side energy storage power stations in Guangdong, Gansu and other provinces, with a total installed capacity of about 40mW, and the energy storage power stations to be invested and constructed under the signed agreement have a total installed capacity of about 1000MW.

According to the announcement, the “Yiwu Zhejiang Wanliyang Co.Ltd(002434) Suxi substation independent energy storage project” invested and constructed by Zhejiang Wanliyang Co.Ltd(002434) energy officially entered the “Zhejiang new energy storage demonstration project” according to the implementation opinions on accelerating the demonstration application of new energy storage in Zhejiang Province “issued by Zhejiang development and Reform Commission and Zhejiang Energy Bureau and the notice on organizing the application of new energy storage demonstration projects in the 14th five year plan issued by Zhejiang development and Reform Commission.

According to the announcement, the total installed capacity of “Yiwu Zhejiang Wanliyang Co.Ltd(002434) Suxi substation independent energy storage project” is 300MW / 600mwh, and the scale of entering the “Zhejiang new energy storage demonstration project” this time is 100MW / 200mwh The government will provide 3-year compensation for the demonstration project.

According to the announcement, Zhejiang Wanliyang Co.Ltd(002434) energy has deeply cultivated the business of flexible power regulation capacity, and has put into operation four power generation side energy storage power stations in Guangdong, Gansu and other provinces, with a total installed capacity of about 40mW At present, the total installed capacity of the energy storage power station to be invested and constructed under the signed agreement is about 1000MW, of which the installed capacity of Zhaoqing City Project in Guangdong Province is about 100MW, Yiwu City Project in Zhejiang Province is about 300MW, Haiyan County project in Zhejiang Province is about 300MW, and Jiangshan City Project in Zhejiang Province is about 300MW, focusing on the development of independent energy storage power stations at the power grid side. Promote the transformation of power plant, high-efficiency charging system and low-carbon power station technology to power plant and high-efficiency charging system, and vigorously promote the development of low-carbon power station.

The company said that in the future, Zhejiang Wanliyang Co.Ltd(002434) energy will continue to strengthen the reserve of core energy storage technologies and the research and development of core products, further expand the reserve scale of independent energy storage projects, extend to the whole country, and promote the total scale of reserve projects to exceed 3000MW / 6000mwh.

It is understood that Zhejiang Wanliyang Co.Ltd(002434) energy cut into the business related to the power market in 2016 and built and put into operation the first generation side energy storage power station in China Southern Power Grid and Gansu Province.

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