Recently, the first national large-scale chemical energy storage demonstration project in China, Dalian Flow Battery Energy Storage Peak-shaving Power Station, was connected to the grid and put into commercial operation. The Postal Savings Bank of China (hereinafter referred to as PSBC) had participated in forming a banking syndicate and granted loans to support this project.
Based on self-developed vanadium flow battery energy storage technology with independent intellectual property rights in China, this project is a component of the Major Technologies and Equipment of Internet Plus Smart Energy Systems — one of the 15 major landmark projects of Made in China 2025 in 2016, and also a key construction project of Liaoning province in 2018.
In the effort to support the project, PSBC Dalian Branch joined hands with China Development Bank Dalian Branch and Agricultural Development Bank of China Dalian Branch to create a syndicate and granted to the project a syndicate loan of 1.5 billion yuan (about 210 million US dollars). Once put into operation, the power station will play an important role in promoting power supply reliability in the southern region of Dalian, improving the power supply structure of Liaoning power grid, and ensuring the safe and economical operation of the power grid.