The financing was led by Schlumberger New Energy, the world’s top energy technology service company, followed by Saudi Aramco and IDG Capital. Dr. Li Jiajie made additional investment.
Under the general direction of the country’s promotion of the 30.60 dual-carbon target, accelerating energy technology innovation and promoting the development and application of key technologies have become the key to the implementation of the “dual-carbon” target.
Energy storage & battery technology
Energy storage and battery technology play an important role in achieving stable power supply brought about by new energy sources.
Although nickel-hydrogen batteries have been used in the aerospace field for decades, powering equipment from satellites to the International Space Station and Hubble Telescope, this technology has long proven to be a very valuable energy storage technology with a long life, leading in terms of operating temperature range and safety, lower in energy density than lithium batteries and sodium batteries.
The biggest challenges
However, the high price and cost are the biggest challenges for the wider application of this technology.
Professor Cui Yi, a well-known scholar in the energy industry, has researched and invented a new material that can greatly reduce the cost of the battery while maintaining the excellent performance of the battery.
Because of the unique new nickel-hydrogen battery technology, it was immediately favored by the capital market.
Innovation from 0 to 1
An energy innovation company from 0 to 1, and from the laboratory to the market.
Dr. Li has been promoting the development of the smart energy innovation industry in an all-round way, and through various methods such as the integration of global technology and human resources, financial support, open application scenarios, and talent training, to provide assistance for my country to achieve the “dual carbon” goal.
EnerVenue has developed a truly breakthrough energy storage technology for the clean energy revolution. its battery technology is excellent because the unique solutions they develop are simple, durable, and safe.
And it is cost-effective. China is vigorously developing the clean energy industry, and EnerVenue has broad development prospects in the Chinese market.
The new nickel-hydrogen battery is charged by accumulating hydrogen in a pressure vessel, and when it is discharged, the hydrogen is converted into protons and inserted into the cathode material.
Key innovation
A key difference between the battery in space and the battery developed by EnerVenue on Earth is the material.
The key innovation of EnerVenue is to greatly reduce the application cost of nickel hydrogen batteries by using new low-cost materials invented by Professor Cui Yi’s team.
The new nickel-hydrogen battery developed for large-scale renewable resources and storage applications has the advantages of long service life, no risk of fire or thermal runaway, no routine maintenance, good high and low temperature operation, and low cost.
Key benefits
Compared with lithium ion batteries, nickel hydrogen has many key benefits.
- The batteries can withstand ultra-high and ultra-low temperatures, so it does not require air conditioning or thermal management systems.
- The batteries require almost no maintenance, and it has a longer lifespan.
- The batteries can be widely used in scenarios such as photovoltaics, wind energy, micro-grids, and charging piles.
- The batteries can be charged and discharged at different speeds according to customer needs. It can charge or discharge from 10 minutes to a charge-discharge cycle as slow as 72 hours.
- The batteries are also designed to perform 30,000 cycles and run for 30 years without performance degradation.
EnerVenue will build an energy storage system with a capacity of 2 MWh in 2021, and plan to expand its annual production capacity to 100 MWh by 2022, and will reach a capacity of more than 1,000 MWh in 2024.
A breakthrough invention
The new nickel-hydrogen battery developed is a breakthrough invention that uses scientific and technological power to help the development of clean energy.
It is also an entry point to realize energy intelligence and green zero-carbon transformation, and promote technological innovation and development in the energy field.”
As an internationally innovative energy storage solution, the new nickel-hydrogen battery greatly improves its service life and is safer and more environmentally friendly. It is understood that the new nickel-hydrogen battery has started a pilot demonstration in China.
It is believed that this new battery technology will surely solve the energy storage problem for the development of new energy and help achieve the national dual-carbon goal.
