Latest News in Energy Storage

1. Xiongtao Shares Eliminates Battery Thermal Runaway Risks

On May 29, Xiongtao Shares announced on its investor interaction platform that its 60Ah solid-state battery is a major breakthrough in the company’s research. This innovation utilizes two core technologies: in-situ polymerization solid electrolyte technology and dynamic film-forming solidification technology for internal electrolytes. These advancements effectively eliminate the risk of thermal runaway in batteries and address the challenges of solid-solid interfaces, making it ideal for data centers, energy storage stations, and rail transit systems that require stringent safety measures.

2. Xiandai Intelligent Achieves Delivery of Solid-State Battery Production Equipment

On May 29, Xiandai Intelligent reported successful progress in the solid-state battery sector, having completed the entire production process for all-solid-state batteries. This includes a comprehensive solution covering key equipment across various production stages. The company has formed equipment partnerships with multiple leading industry players and has achieved delivery to battery manufacturers in Europe, the United States, Japan, and South Korea.

3. National Development and Reform Commission Promotes Green Power Direct Connection

On May 21, the National Development and Reform Commission and the National Energy Administration issued a notification encouraging the integration of energy storage in green power direct connection projects. These projects should enhance flexibility and reduce system adjustment pressure by effectively matching sources with loads and utilizing flexible load adjustment potentials.

4. Anhui Province Implements New Time-of-Use Pricing Policy

On May 30, Anhui’s Development and Reform Commission announced enhancements to the time-of-use pricing policy for commercial and industrial users. Starting July 1, 2025, a new low-price time slot will be introduced during midday hours. The low-price electricity will be reduced by 61.8% from the base price, particularly during peak summer and winter months.

5. Significant Lithium Price Drop

As of May 29, lithium prices have officially fallen into the 50,000 yuan range, with the main futures contract closing at 58,860 yuan per ton. The industry anticipates a continued increase in lithium supply for June. This price adjustment may lead to a significant production capacity clearing in the market.

6. New Energy Storage Project Launched in Kunming, Yunnan

On May 29, the 120MW/240MWh energy storage project in Songming County, Kunming, successfully commenced operations. This project, developed by Kunming Zizhu Group, employs lithium iron phosphate technology and is positioned strategically near key infrastructure.

7. Dongguan Power Design Institute Announces New Energy Storage EPC Framework Tender

Recently, the Dongguan Power Design Institute initiated a tender for the 2025 new energy storage project EPC framework, with an estimated procurement of 8 million yuan for construction, design, and system integration services.

8. Guangdong Dongguan Announces New Energy Storage Funding Application

On May 28, Dongguan’s Development and Reform Bureau released guidelines for the application of special funds aimed at high-quality development in new energy storage for 2024. This funding will support advanced storage technologies, including lithium-ion, sodium-ion, and flow batteries.