"In the development of new energy technology has become a global trend, the application of vanadium batteries has become a focus of attention." Recently, information was uploaded from the China Taizhou New Energy Summit Forum: The new energy industry will enter the "vanadium battery era."

According to experts, currently in the field of conventional energy, new energy technologies are mainly concentrated on wind energy, solar energy, and hydropower. It is precisely because of the development of new energy that energy storage technology can provide emergency power under standby conditions and solve the power supply problem in remote island areas. Therefore, energy storage technology can be applied in all aspects of the power industry, such as power generation, transmission, distribution and use. The main advantages of vanadium batteries are their ability to discharge at high current densities, long cycle life, rapid charging, and low price relative to other energy storage devices. They are ideally suited for large static energy storage applications and can therefore be widely used in the power industry.

According to China's "New Energy Vehicle Industry Development Plan" and battery industry data calculation in recent years, lead-acid batteries, batteries for electric vehicles, and batteries for electric vehicles will total about 300 billion yuan in the market. The market size of wind power energy storage equipment and urban peak load energy storage equipment applied by vanadium batteries will be around 1100 billion yuan. Therefore, the national economic development trend has brought historic opportunities to the vanadium battery industry.