All vanadium flow batteries will become a new star in the energy storage track! Rongke Energy Storage has completed a B-round financing of over 1 billion yuan to install batteries in cities!

On April 17th, it was reported that recently, Dalian Rongke Energy Storage Group Co., Ltd. (hereinafter referred to as "Rongke Energy Storage") completed a B-round financing of over 1 billion yuan. This round of financing was led by Junlian Capital, and Dalian Jintou, the old shareholder Rongtuo Capital, and multiple other investors joined in. This round of financing will be used for the company's capacity expansion and research and development investment.
The rapid rise of new energy tracks such as photovoltaic and wind power cannot be overstated. In order to mitigate the impact of a large number of new energy equipment being connected to the grid, the energy storage market has emerged. At the end of 2017, since the joint release of the energy storage industry guidance by five ministries, the heat of energy storage has been increasing day by day. Optimistic market expectations have attracted round after round of "gold diggers", with hundreds of companies, large and small, in a small industry that initially had only a few billion yuan of output value.
When a market is about to explode, there is always a trail to follow. Recently, players around the world have been intensively accelerating the layout of energy storage, which is another "trillion" market outside of power batteries.

Industry insiders have stated that the high growth of wind and solar installed capacity in China is expected to drive the demand for pre meter storage in 2023, while the high electricity prices of European energy crisis households are expected to drive the demand for post meter storage. The growth of pre meter storage projects is also expected to see a high growth rate, and it is optimistic about the global demand for lithium batteries for energy storage in 2023.
Rongke Energy Storage was established in 2008 and collaborated with the Dalian Institute of Chemical Physics, Chinese Academy of Sciences to establish its subsidiary Dalian Rongke Energy Storage Technology Development Co., Ltd., specializing in the research and development, industrialization, and market application of vanadium flow battery technology. It is one of the earliest energy technology companies in China to engage in the research and manufacturing of vanadium flow batteries. Rongke Energy Storage participated in the establishment process of China's liquid flow battery industry from scratch, and was approved to establish the National Key Laboratory of Energy Liquid Flow Energy Storage Battery Technology and the National Local Joint Construction Engineering Research Center. It has won more than 10 scientific and technological achievements awards, including the second prize of the National Technology Invention Award. The company's headquarters, research and development, and production bases are located in Dalian, Liaoning, and production bases have been invested and constructed in Sichuan, Anhui, Jiangsu, and other places.
Focusing on the vanadium flow battery industry chain, Rongke Energy Storage and its subsidiaries have achieved significant breakthroughs in the core technology of all vanadium flow batteries after more than ten years of accumulation and innovation. They have established a complete independent intellectual property system and are the leading setter of domestic and international standards in the field of liquid flow batteries. The company has taken the lead in achieving domestic production of key materials such as vanadium flow battery electrolyte and double plates, as well as large-scale production of battery stacks and battery systems.