Jinlu Group proposes to invest 60 million in Xinjiang Hami 100MWH Lithium Titanium Storage Energy FM Power Station Project

On May 11, Jinlu Group announced that the company and Sichuan Xingneng signed the "Investment Cooperation Agreement". The two sides will jointly increase capital with Xinjiang Rongchuangcheng New Energy Co., Ltd.(target company) and invest through target companies. Implement the Xinjiang Hami 100MWH Lithium-Titanium Storage Energy FM Power Station Project.

After the implementation of the capital increase was completed, the registered capital of the target company was 240 million yuan, of which Sichuan Xingneng invested 180 million yuan, accounting for 7.5 billion shares, and Jinlu Group increased its capital by 60 million yuan, accounting for 25 million shares.

The Xinjiang Hami 100MWH Lithium Titanium Storage Energy FM Power Station project includes 20MWH, 30MWH Storage Power Station, 20MWH, 20MWH Storage Power Station. The construction content is electromechanical equipment and installation engineering, mainly 100MW battery system, battery management system, EMS energy management system, fire control system, air-conditioning system and supporting electrical equipment; Civil engineering is mainly energy storage system installation room, substation and station projects. After completion, the total installed capacity of the service supporting wind farm is 1000MW, and the maximum charging and discharging power is 300MW.

Jinlu Group said that Hami City, Xinjiang is rich in wind and solar energy resources, and the new energy installed capacity of the project site is large. Abandoning wind and light has become a key factor that restricts the healthy development of Xinjiang's new energy industry. The construction of energy storage power station in this area can not only meet the increasing power demand of the regional power grid, but also improve the stable operating level of the system.

Investment in and implementation of the 100MWH Lithium Titrate Storage Energy FM power station project in Hami, Xinjiang, conforms to the National energy policy, can effectively reduce the consumption of conventional energy, especially coal resources, reduce carbon dioxide and other greenhouse gases, protect the environment, and effectively promote the development and utilization of local resources. It can not only increase the economic benefits of the company, but also promote the local economic development.

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