recently, Suqian era energy storage technology co., ltd. (hereinafter referred to as "era energy storage") and Germany's Redox One company signed a 600MWh iron chromium flow battery supply order, and simultaneously signed a long-term strategic cooperation agreement, the two sides will carry out multi-dimensional in-depth cooperation in the field of energy storage.
Redox One focuses on the research and development of iron-chromium flow batteries, mastering core technologies such as electrolytes and rebalancing. Its parent company, Tharisa, is an integrated resources group headquartered in Cyprus and rooted in South Africa. It is a major global producer of chromium ore and platinum group metals with abundant mineral reserves and provides solid support for the development of Redox One's energy storage business.
era energy storage has been deeply cultivated in the field of energy storage for many years, focusing on the layout of the whole industrial chain of water system organic, iron chromium and vanadium redox flow energy storage batteries, in the electrolyte, ion exchange membrane and other core materials to achieve technological breakthroughs, products covering long-term energy storage, precision FM, Taiwan energy storage and other scenarios.
this cooperation between the two sides is to jointly build a supply chain of core raw materials for iron-chromium flow batteries. relying on the advantages of chrome ore resources Tharisa by Redox One's parent company and combining the material purification and application technology of energy storage in the era, the two sides will build an integrated supply chain system from chrome ore mining, smelting to electrolyte production, break the bottleneck of raw materials supply for iron-chromium flow batteries, greatly reduce the cost of iron-chromium electrolyte, and expect to reach 25-30 USD/kWh in 2028.
The second is to jointly carry out technology research and development and industrialization, focusing on key technical problems such as iron-chromium flow battery energy density improvement and cost optimization. The first batch of iron-chromium flow energy storage products have completed factory acceptance and are sent to Europe.
the third is to sign an order for 600MWh iron-chromium liquid flow energy storage system, giving priority to its application in Tharisa's mines to realize clean mine power supply. The fourth is to jointly expand the global market, focusing on regions with strong energy storage demand such as Africa, Europe and Southeast Asia, promoting the large-scale application of iron-chromium liquid flow batteries and helping the clean transformation of the global energy structure.
At present, the global energy transition is accelerating, wind power, photovoltaic and other renewable energy large-scale grid-connected, long-term energy storage as a key support to solve the problem of new energy intermittent, volatility, market demand continues to explode.
iron-chromium flow battery has become the preferred technical path in the field of long-term energy storage by virtue of its core advantages such as long cycle life, high safety, low cost and wide temperature range operation. it can be widely used in the fields of power grid side peak regulation, deep regulation of coal-fired power plants, large base distribution and storage, zero carbon park, data center, etc. with great development potential.
The cooperation between Time Energy Storage and Redox One is not only a concrete manifestation of the transformation of China's energy storage enterprises' sea-going mode from product output to ecological co-construction, but also an important achievement of deepening cooperation between China and Africa in the field of new energy. With the gradual landing of the cooperation between the two sides, it will further improve the layout of the whole industrial chain of iron-chromium flow batteries, reduce industrial costs, enhance the global competitiveness of products, promote the commercialization of long-term energy storage technology, and provide more economical and safe energy storage solutions for the global energy transformation.