Top 10 vanadium battery companies in China in 2022

At present, driven by the rapid development of the new energy industry and the smart grid industry, the market demand for large-scale power storage has surged, and the upstream raw material segment of vanadium batteries, the midstream vanadium product segment and the downstream application market segment have ushered in a golden development period. Here are top 10 vanadium battery companies (ranking in no particular order).

Top 10 vanadium battery companies

1.LB GROUP

Company profile:
One of top 10 vanadium battery companies in China Longbai Group Co., Ltd. is a large-scale diversified enterprise group dedicated to the R&D and manufacturing of new materials such as titanium, zirconium, and lithium, as well as deep industrial integration. It is listed on the Shenzhen Stock Exchange.

On July 12, Longbai Group also announced that Longbai Sichuan Mining and Metallurgy Co., Ltd., a wholly-owned subsidiary, plans to invest in the construction of a V2O5 innovative demonstration project with an annual output of 30,000 tons of V2O5 in the alkaline pellet wet process of vanadium ilmenite concentrate. The total investment of the project is 2.5 billion RMB.

The project construction site is located in Xinjiu Town, Panzhihua City, Sichuan Province. The construction period is 31 months. The first phase produces 15,000 tons of 98% V2O5 and 3.6 million tons of iron concentrate alkaline pellets per year; The second phase has an annual output of 15,000 tons of V2O5 and 3.6 million tons of iron ore concentrate alkaline pellets. Finally, it will reach an annual output of 30,000 tons of 98% V2O5 and 7.2 million tons of iron ore concentrate alkaline pellets.

Total market value: 41.065 billion RMB

Company website: http://www.billionschem.com

2.ANSTEEL

Company profile:
ANSTEEL was established on March 27, 1993 and listed on the Shenzhen Stock Exchange on November 15, 1996. The headquarters is located in Panzhihua City, Sichuan Province, which is known as the “Capital of Vanadium and Titanium”. Including vanadium, titanium, electricity three major sectors, of which vanadium and titanium sector is the company’s strategic key development business, mainly vanadium products, titanium slag, titanium dioxide production, sales, technology research and development and application development.

The main products include vanadium oxide, ferrovanadium, vanadium nitrogen alloy, titanium dioxide, titanium slag, etc. The company as one top 10 vanadium battery companies in China, is the largest vanadium producer in China and also has an important position in the titanium field in China. Related concepts: Panyan Technology, which is hosted by the company, has an electrolyte test line. It has mastered the production technology of vanadium electrolyte and has the strength to continue to expand the production scale of vanadium electrolyte.

Total market value: 48.005 billion RMB

Company website: www.pgvt.cn

3.HBIS GROUP

Company profile:
HBIS GROUP Co., Ltd. Is one of top 10 vanadium battery companies a super-large iron and steel enterprise formed by the merger of three listed companies, namely the former Tangshan Iron and Steel Co., Ltd., Handan Iron and Steel and Chengde Vanadium and Titanium, through the absorption and merger of the securities market. It is one of the largest listed steel companies in China.

The company’s main business equipment has been modernized and large-scale, the overall process equipment has reached the international advanced level, with an annual output of 30 million tons of iron and steel comprehensive production capacity, at the same time, it is also in a leading position in the world in terms of vanadium-titanium steel smelting and vanadium product production technology. At present, the company has initially formed four and three high-quality bases of high-quality plates, high-quality building materials and characteristic vanadium-titanium products.

The company owns the independent intellectual property rights of vanadium electrolyte manufacturing technology, and has built an all-vanadium redox flow battery energy storage demonstration project, realizing the direct application of photovoltaic power generation and vanadium battery energy storage into direct current and alternating current through equipment.

Total market value: 26.016 billion RMB

Company website: http://www.hebgtgf.com

4.SHANGHAI ELECTRIC

Company profile:
One of top 10 vanadium battery companies in China, Shanghai Electric Group also is one of top 10 wind energy companies in China, a large-scale comprehensive equipment manufacturing group. Its leading industries focus on three major fields: energy equipment, industrial equipment and integrated services. Committed to providing customers with green, environmentally friendly, intelligent and interconnected technology integration and system solutions.

The company’s main business is engaged in the design, manufacture and sale of a variety of electrical equipment, mechatronics equipment, transportation equipment and environmental protection systems and other products and related services.

Shanghai Electric is committed to the independent research and development of vanadium battery products, and has successfully developed a typical product 5kW/25kW/50kW stack, which can be integrated with a 100kW/MW containerized all-vanadium flow battery energy storage system, and has the ability to provide customers with customized energy storage products and overall energy storage solution services.

Total market value: 66.526 billion RMB

Company website: www.shanghai-electric.com

5.YICHENG

Company profile:
Henan Yicheng New Energy Co., Ltd. is headquartered in Kaifeng Fine Chemical Industrial Park, Henan Province, with a registered capital of 2.081 billion RMB. It is a mixed-ownership listed enterprise dominated by new materials, new energy, energy conservation and environmental protection. The company has a full set of mature production technology and equipment for the production of ultra-high power graphite electrodes and connectors, and the world’s most technologically advanced PERC high-efficiency monocrystalline silicon cell production line and become one of top 10 vanadium battery companies.

The main business of Yicheng New Energy 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.At present, the company’s all-vanadium redox flow battery technology comes from the Energy Storage Technology Research Department of the Dalian Institute of Chemical Physics, Chinese Academy of Sciences.

Total market value: 11.544 billion RMB

Company website: http://www.ycne.com.cn

6.YINGDA GROUP

Company profile:

STATE GRID YINGDA GROUP is a listed company in top 10 vanadium battery companies under State Grid Corporation of China, formerly known as Shanghai Zhixin Electric Co., Ltd. STATE GRID YINGDA GROUP operates trust, securities, futures, carbon assets, power equipment and other businesses through its subsidiaries such as Yingda Trust, Yingda Securities, Yingda Futures, Yingda Carbon Assets, and Zhixin Electric.

In 2021, STATE GRID YINGDA GROUP will transfer 100% equity of Yingda Carbon Assets held by Zhixin Electric to the company for direct holding, further integrate resources, optimize the mechanism, and enhance the professional ability and market competitiveness of Yingda Carbon Assets;

All the business, assets and personnel of Zhixin Energy-saving Technology Branch, a subsidiary of Zhixin Electric, are transferred to Shanghai Zhixin Energy Comprehensive Service Co., Ltd., which effectively integrates the resource advantages of the two entities and promotes the high-quality development of the integrated energy service business.

Total market value: 31.051 billion RMB

Company website: http://www.zhixindianqi.com

7.MXDL

Company profile:
Shanghai Electric Group Co., Ltd. is a large-scale comprehensive equipment manufacturing group. Its leading industries focus on three major fields: energy equipment, industrial equipment and integrated services. Also as one of top 10 vanadium battery companies in China.

Products include thermal power generation units (coal power, gas power), nuclear power units, wind power generation equipment, power transmission and distribution equipment, environmental protection equipment, automation equipment, elevators, rail transit and machine tools.

In the field of energy storage, Shanghai Electric has deployed lithium batteries, flow batteries and decommissioned battery systems in stages and fields, and gradually improved the three-electric system.

Total market value: 3.827 billion RMB

Company website: www.mxdl.com.cn

8.Zhenhua

Company profile:
Hubei Zhenhua Chemical Co., Ltd. is the world’s largest producer of chromium salts and the largest producer of vitamin K3 in the world. As one of top 10 vanadium battery companies Mainly engaged in the research and development, manufacturing and sales of chromium salt series products, vitamin K3, ultra-fine aluminum hydroxide, and comprehensive utilization of chromium salt by-products and other solid waste resources.

The main products include sodium dichromate, potassium dichromate, chromic anhydride, chrome oxide green, chrome powder, refined Yuanming powder, chrome yellow, metal chrome, superfine aluminum hydroxide and vitamin K3 and other products and services.

Total market value: 8.587 billion RMB

Company website: http://www.hbzhenhua.com

9.ZHTB

Company profile:
CNNC Huayuan Titanium Dioxide Co., Ltd. is the first 10,000-ton-grade high-grade titanium dioxide production enterprise. The production process is automatically controlled by the German SIEMENS distributed control system. Its R-215 and other high-grade rutile titanium dioxide products are widely used in coatings, plastics, Paper, ink and other fields.

The company and Sichuan Welead Energy Co., Ltd. (“Welead”) signed a strategic cooperation agreement on the “Full Industry Chain of All-Vanadium Flow Battery Energy Storage” to conduct joint venture operations on building the entire industry chain of all-vanadium flow battery energy storage.

It will focus on the development of vanadium ore resources in Gansu Province, and make every effort to obtain high-quality vanadium ore resources in the world. The two parties will jointly develop the long-term energy storage market across the country, mainly in Gansu and the surrounding northwestern regions during the “14th Five-Year Plan” period.

Total market value: 24.24 billion RMB

Company website: www.zhtb.com

10.Haide Limited

Company profile:
It is a company registered in Hainan and listed on the Shenzhen Stock Exchange in 1993. Since its listing, the company has been engaged in textile and real estate development business. Now as one of top 10 vanadium battery companies. In 2015, Hyde Co., Ltd. established a transformation and development strategy starting with asset management in the direction of finance, and built the first non-performing asset management company in China.

The company signed an agreement with Yongtai Energy to jointly invest 1 billion RMB to establish Beijing Detai Energy Storage Technology Co., Ltd. (hereinafter referred to as “Detai Energy Storage”), of which Hyde Co., Ltd. invested 490 million RMB, holding 49% of the shares. Based on the advantages of shareholders in industry and capital, Detai Energy has made substantial progress in the investment layout of the entire industry chain in the field of all-vanadium flow battery energy storage.

Total market value: 14.168 billion RMB

Company website: www.000567.com