Ann: Drilling Completed at Challa North, page-17

The national Energy Administration of China issued a total number of demonstration projects of storage energy plants at the beginning of this year.

The total annual plan for the year is 100 kilowatts and the annual output will exceed 300 kilowatts. Each kilowatt costs about 3600 yuan, and the total market price reaches 108 million yuan.

At present, energy stored power mainly relies on lithium batteries and vanadium batteries.

The main disadvantage of lithium batteries is their high costs (recharging/replacement/maintenance)

The energy storage vanadium redox battery stack will further promote the rapid development of power storage plants. Whole industry will be consumed 750% vanadium batteries near future.