SaltX signs agreement for Chinese pilot energy storage plant
Swedish energy storage tech company SaltX Technology has entered into an agreement with Shuangliang Boiler Co., Ltd (Shuangliang). The Chinese partner will build and finance a pilot plant to commercialise SaltX energy storage technology on the Chinese market.
The parties have agreed on a first pilot project commissioned in 2020. The pilot is an energy storage unit that will be charged with electric power and discharge steam. The pilot will be based on learnings from the Berlin pilot plant at Vattenfall and Shuangliang´s extensive experience in similar technology installations. The size of the Shuangliang-pilot will be smaller than the Berlin plant, with focus on optimising cost and end efficiency. The size of the pilot will be approximately 50 kW/500 kWh and Shuangliang will fully finance the project.
A first agreement is signed, and a long-term strategic partnership is under discussion and will be decided up on in parallel with the commissioning of the pilot.
"A partnership with Shuangliang strengthens SaltX's position on the Chinese market. SaltX's business model is to sell the core technology and it is important to find the right partner on each market. Shuangliang has a strong track record of developing and selling various energy systems, which makes the alliance a promising fit," said Carl-Johan Linér, CEO of SaltX Technology.
Shuangliang is a part of the Jiangsu Shuangliang Group which is one of the top 500 private enterprises in China. It has strong manufacturing and market capabilities in the fields of absorption refrigerators, heat exchangers and industrial boilers.
“We believe that the chemical heat storage solution developed by SaltX Technology has many advantages. Shuangliang is currently in discussions with leading Chinese state-owned enterprises such as Power China and State Grid Corporation of China to commercialise SaltX EnerStore as soon as the verification of the pilot is successful. Our customers have clearly expressed interest in chemical heat storage,” said Minghua Yu, CEO of Shuangliang.
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