The investors in this round of financing include listed companies yongtai energy and Hyde, Beijing Anci Capital, Chengdu Chuanshang Fund and Xi 'an Open Source Fund, etc. The raised funds are mainly used for R&D investment in carbon dioxide energy storage technology and the construction of 65438+200mw/20mwh verification project. Investors have highly recognized the advanced technology, economy, universality, safety and reliability of the new energy storage system, and predicted that the carbon dioxide energy storage system will have a broad market space. The company plans to start the next round of financing on June 5438+ 10.
Bai Peng New Energy is a company that focuses on safe, long-term, green and sustainable energy storage technology, and provides customized products and solutions for energy storage systems for users all over the world. As the leader of carbon dioxide energy storage system in China and even the world, the long-term and large-capacity new carbon dioxide energy storage system developed by the company has many advantages such as "high efficiency, low cost, high safety, no pollution, long service life and intelligence". It has unique waste heat utilization ability and can tap the great potential value of industrial waste heat in China; The system is not limited by geographical environment, has good universality and can be used in various geographical and climatic conditions. It can be widely used in different application scenarios, such as supporting new energy generation and energy storage, user-side energy storage, grid-side peak shaving and frequency modulation energy storage, etc.
The new carbon dioxide energy storage technology is a gas-liquid interaction and two-state cooperation energy storage technology, which is not affected by geological conditions, with low pressure and temperature grades, high reliability and low cost. Its basic principle is to compress carbon dioxide gas at normal temperature and pressure into liquid by using excess power in the period of low power consumption, and store the heat energy generated in the compression process; At the peak of electricity consumption, the stored heat energy is used to heat liquid carbon dioxide to a gaseous state, which drives the turbine to generate electricity. Baique New Energy has many original and breakthrough technical patents on the new carbon dioxide energy storage route, especially creatively solving the problem of flexible materials needed for low-cost storage of gaseous carbon dioxide, thus making compressed carbon dioxide energy storage economically feasible.
At present, the company's first commercial demonstration project in the world-Wuhu Conch 10MW/80MWH project is under construction and will be officially put into production in March 2023 as planned. The company also has several 100MW long-term energy storage projects under construction.
Through continuous technological innovation, the company will strive to become a leading energy storage system solution provider in the industry, which will greatly promote the realization of China's dual-carbon goal.