Main content:
Vanadium batteries have broad application prospects as a dynamic energy storage technology
Vanadium battery is the abbreviation of all-vanadium flow battery, which is a redox renewable fuel cell based on metal vanadium. With the continuous expansion of new energy storage market demand, the vanadium battery industry represented by all-vanadium redox flow batteries has been more and more widely used. In particular, the all-vanadium redox flow battery as an energy storage power source has broad prospects in many application scenarios such as power grid peak regulation, emergency power generation devices, and vehicle power supply. China's proven vanadium reserves account for more than 40% of global reserves, and vanadium production accounts for more than 60% of global output. The abundant resource reserves provide favorable conditions for the future development of the vanadium battery industry. Many listed companies, including the Top 10 vanadium battery companies in China, are actively deploying the vanadium battery industry.
Specifically, the Chinese Top 10 vanadium battery companies are Anning, Pangang, HBIS, Suntien, SHANGHAI ELECTRIC, XIZI, YICHENG, Zhiguang, ZHENHUA CHEMICAL and LB. This article aims to provide you with a detailed introduction to the Top 10 vanadium battery companies in China, specifically covering their development history, main business and core products, as well as industry-related layouts, so as to help you have a more comprehensive and in-depth understanding of the status quo and development prospects of the lithium battery copper foil industry, as well as the latest developments of leading companies in this field. When it comes to flow batteries, you may be wondering what the difference is between them and AGM batteries. AGM vs flooded battery on our website has made a detailed comparative analysis of the two, which may be helpful to you.
Top 10 vanadium battery companies in China in 2022
① Anning
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Established time |
April 5, 1994 |
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Company address |
Sichuan, China |
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Toatal market capitalization |
18.747 billion CNY |
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Company website |
Company profile:
Anning, which ranks first among the Top 10 vanadium battery companies in China, is a circular economy company for the comprehensive utilization of vanadium and titanium resources that mines and selects polymetallic associated ore. It is mainly engaged in the mining, washing and sales of vanadium-titanium magnetite. With its advantages in mineral resources and mining and dressing technology, Anning has become one of the major vanadium-titanium-magnetite mining and dressing companies in China and a leader in China's titanium concentrate industry.
Main products:
Ilmenite concentrates and vanadium ilmenite concentrates.
Recent news:
On June 22, 2022, Anning bid to acquire a 2.776% stake in THTK. The target company has an annual production capacity of 2.2 million tons of vanadium ilmenite concentrate and 500,000 tons of titanium concentrate. Currently, Anning is the only 61% vanadium-titanium-iron concentrate producer in Panxi area.
② Pangang
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Established time |
March 27, 1993 |
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Company location |
Sichuan, China |
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Toatal market capitalization |
60.823 billion CNY |
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Company website |
Company profile:
Pangang is mainly engaged in the production, sales, technology research and development and application development of vanadium products, titanium slag and titanium dioxide. Its main businesses include vanadium, titanium and electricity, among which vanadium and titanium are its key development businesses. Pangang's main products include vanadium oxide, ferrovanadium, vanadium nitrogen alloy, titanium dioxide, titanium slag, etc. Its products are widely used in the fields of iron and steel industry, electronic industry, non-ferrous metals and paint and ink. As one of the Top 10 vanadium battery companies in China, Pangang is the largest vanadium product manufacturer in China and a major vanadium product supplier in the world.
Main products:
Vanadium series products represented by vanadium pentoxide, high vanadium iron, vanadium nitrogen alloy, vanadium aluminum alloy, and titanium series products represented by titanium dioxide, titanium slag, etc.
Related layout:
PANYTECH, which is managed by Pangang, has an electrolyte test line, has mastered the production technology of vanadium electrolyte, and has the strength to continue to expand the production scale of vanadium electrolyte.
③ HBIS
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Established time |
January 18, 1997 |
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Company address |
Hebei, China |
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Toatal market capitalization |
30.051 billion CNY |
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Company website |
Company profile:
The main business of HBIS is the smelting and processing of ferrous metals, and its products cover important application fields such as automobiles, petroleum, railways, bridges, construction, electricity, transportation, light industry, and home appliances. HBIS is a world leader in vanadium-titanium smelting and vanadium product production technology, ranking among the Top 10 vanadium battery companies and the second largest vanadium product manufacturer in China. HBIS has the world's first "high-efficiency vanadium extraction and clean production line by sub-molten salt method", and has the most complete varieties and specifications of bars, cold and hot rolled sheets and deep processing capabilities.
Main products:
Bars, wires, profiles, hot-rolled strips, hot-rolled sheets, vanadium-nitrogen alloys, vanadium-iron alloys, etc.
Related layout:
HBIS owns the independent intellectual property rights of vanadium electrolyte manufacturing technology, and has built an all-vanadium flow battery energy storage demonstration project, which realizes the direct application of photovoltaic power generation and vanadium battery energy storage into direct current and alternating current through equipment.
④ Suntien
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Established time |
February 9, 2010 |
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Company location |
Hebei, China |
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Aggregate market value |
54.139 billion CNY |
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Company website |
Company profile:
Among the Top 10 vanadium battery companies in China, Suntien is mainly engaged in the development and utilization of new energy and clean energy. It owns wind power business, photovoltaic business and natural gas business.
Main business:
Wind power business, photovoltaic business and natural gas business.
Related layout:
Suntien invested in the construction of the first phase of Dongliang energy storage project in Fengning, Hebei. The installed capacity of the project is 100MW. At the same time, it adopts all-vanadium redox flow battery energy storage technology, and the energy storage(covering home energy storage) capacity is 2MW and 8MWH.
⑤ SHANGHAI ELECTRIC
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Established time |
March 1, 2004 |
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Company address |
Shanghai, China |
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Toatal market capitalization |
69.019 billion CNY |
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Company website |
Company profile:
In addition to being one of the Top 10 vanadium battery companies in China, SHANGHAI ELECTRIC is also a world-class comprehensive high-end equipment manufacturing company. It focuses on the three major business areas of smart energy, smart manufacturing and smart infrastructure, and provides customers with industrial-grade green intelligent system solutions. The main business of SHANGHAI ELECTRIC mainly includes the design, manufacture and sale of nuclear power equipment, wind power equipment and heavy machinery and equipment such as large castings and forgings.
Main business:
Efficient and clean energy equipment sector, industrial preparation sector and modern service sector sector.
Related layout:
SHANGHAI ELECTRIC is committed to the independent research and development of vanadium battery products, and has successfully developed typical products of 5kW/25kW/50kW stacks, which can be integrated with 100kW container-type all-vanadium flow battery energy storage systems, and have the ability to provide customers with customized energy storage products and energy storage overall solution service capabilities.
⑥ XIZI
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Established time |
October 1, 1955 |
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Company location |
Zhejiang, China |
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Toatal market value |
13.601 billion CNY |
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Company website |
Company profile:
Different from other companies in the Top 10 vanadium battery companies in China, XIZI belongs to the waste heat boiler manufacturing industry, mainly providing customers with full life cycle energy solutions and intelligent energy equipment and services. Its main business involves consulting, research and development, production, sales, installation of new equipment such as waste heat boilers, biomass boilers, circulating fluidized bed boilers, gas boilers, and shield machines, as well as EPC, boiler maintenance, upgrades, smart boilers, new services such as smart factories. At the same time, XIZI provides full-life-cycle smart services in the field of new energy, and extends the business chain to new energy investment and operation.
New energy industry and related products:
Battery technologies such as perovskite and heterojunction; molten salt energy storage; electrochemical energy storage - lithium battery energy storage system and flow battery energy storage system, hydrogen fuel cell - high temperature solid oxide fuel cell distributed power generation system and hydrogen Carbon methanation unit (P2X); CCUS; civil energy storage and photovoltaic, etc.
Related layout:
A subsidiary of XIZI Clean Energy increased its 15% stake in DREIECK ENERGY, which is mainly engaged in the R&D and production of all-vanadium redox flow batteries.
⑦ YICHENG
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Established time |
November 4, 1997 |
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Company address |
Henan, China |
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Toatal market capitalization |
13.079 billion CNY |
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Company website |
Company profile:
The main business of YICHENG is the production and sales of high-efficiency monocrystalline silicon cells, the production and sales of lithium batteries, the operation of solar power plants, and the production and sales of ultra-high-power graphite electrodes and anode materials. YICHENG's main products are crystalline silicon wafer cutting blades, waste mortar recycling, silicon wafer cutting, photovoltaic engineering, diamond wire products, industrial sewage treatment, graphite, and solar cells.
Main products:
New energy - PERC monocrystalline silicon cells, grid-connected photovoltaic power generation systems and off-grid photovoltaic power generation systems; new materials - anode materials, resin diamond wire and electroplated diamond wire.
Related layout:
The graphite bipolar plates developed by Kaifeng Pingmei New Carbon Materials, a subsidiary of YICHENG, can be used in iron-chromium flow batteries.
⑧ Zhiguang
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Established time |
April 9, 1999 |
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Company location |
Guangzhou, Guangdong |
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Aggregate market value |
6.870 billion CNY |
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Company website |
Company profile:
Zhiguang in China's Top 10 vanadium battery companies is mainly engaged in power electronic technology research and product application, integrated energy service solutions, and industrial investment in energy technology and services. Zhiguang provides customers with energy storage technology consulting, energy storage system integration, energy storage equipment sales and other services in the technical fields of electrochemical energy storage, mechanical (flywheel) energy storage and supercapacitor energy storage. The supplier provides core key technologies and equipment such as energy storage battery PACK integration, BMS, PCS and EMS, and can provide cell and battery PACK testing technical services.
Energy storage products and services
Power station-type energy storage system (cascading high-voltage energy storage), demand-side energy storage system (multi-module decentralized integrated energy storage) and mobile energy storage products, Zhiguang can provide high-efficiency, high-efficiency Reliable and high-safety energy storage system technology and equipment.
Related layout:
Zhiguang has developed a high-power vanadium battery energy storage PCS, which adopts a unique power electronic topology and control technology to solve the problems of large area of vanadium battery pack, complicated liquid circuit design, and limited single-unit power, and improves the vanadium battery energy storage system. overall technical level.
⑨ ZHENHUA CHEMICAL
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Established time |
June 19, 2003 |
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Company location |
Hubei, China |
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Toatal market capitalization |
10.002 billion CNY |
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Company website |
Company profile:
ZHENHUA CHEMICAL is mainly engaged in the research and development, manufacturing and sales of chromium salt series products, and comprehensive utilization of chromium salt by-products and other solid waste resources. ZHENHUA CHEMICAL is the world's largest producer of chromium salts and one of 10 Chinese Top 10 vanadium battery companies.
Main products:
Sodium dichromate, chromic anhydride, chromium oxide green, basic chromium sulfate, etc.
Current layout:
ZHENHUA CHEMICAL has obtained remarkable scientific research achievements and economic benefits in the extraction and utilization of vanadium-containing by-products in the preparation process of chromium chemicals. Now ZHENHUA CHEMICAL has begun to plan and explore the application of new chromium-based materials in the electrolyte and anode materials of iron-chromium flow batteries.
⑩ LB
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Established time |
August 20, 1998 |
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Company location |
Henan, China |
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Toatal market value |
49.139 billion CNY |
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Company website |
Company profile:
LB, which ranks among the top 10 vanadium battery companies in China, is a large-scale chemical enterprise group dedicated to the deep integration of the titanium industry and the R&D and manufacturing of new materials. At present, LB has initially formed a green industrial chain of comprehensive utilization of derived resources from the mining and processing of titanium minerals, to the manufacture of titanium dioxide and titanium metal.
Main products:
Titanium dioxide, titanium dioxide and titanium metal.
Recent news and related layout:
LB's Battery Materials Research Institute is currently conducting research and development of vanadium battery technology and reserves related technologies. In the future, it will actively promote the industrialization of vanadium battery materials according to the market situation of vanadium batteries.
Vanadium batteries may become one of the best energy storage batteries in the future, and the best energy storage battery technology is still lithium batteries.
If you want to know more about the development status of the energy storage lithium battery industry and the industry giants, please read the Top 10 energy storage lithium battery companies on our website, this article gives a detailed introduction and analysis of the leading companies in the field of energy storage lithium batteries.
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