SGCC chose BYD’s Iron-Phosphate battery technology because of its superior service life (over 20 years) and also used BYD’s “peak shaving & load leveling” charge and discharge methodologies. BYD’s announcement September 30th, 2011, “China’s Largest and First Environmentally-friendly Battery Storage Station,” was the first of many MegaWatt-level cooperative projects with China’s Southern Power Grid (CSG). This new project with the State Grid has outpaced other grid projects in China and, though independently designed by SGCC, is part of the national “Golden Sun” program. The first phase investment with 100MW of Wind Power, 40MW of Solar Energy and 36MWh of Battery is worth over $500M USD (~3.3 Billion RMB).
“The large-scale implementation of clean and green energy, such as wind and solar power, can only be realized when the technical difficulties of this new energy application in the utility system are resolved,” said Xiu Binglin, Deputy Director of the National Energy Administration. “This State Grid project demonstrates a solution and will be the model of development for China’s new energy resources.”
BYD’s battery energy storage system provides a solution for the realization of energy storage in the smart grid that improves renewable energy efficiency by 5%-10%.
He Long, Vice President of BYD, said, “BYD is honored to cooperate with China and SGCC to build this large energy storage station and to make a contribution in the utilization of renewable energy resources.”
BYD is ranked #1 at the top of Bloomberg’s and BusinessWeek’s 2009 Tech 100 List (Iron Phosphate battery used in BYD electric vehicles and electric busses. BYD’s solar panels and LED Lighting systems have CEC, TUV/CE and UL listings, and the company enjoys rapid growth in consumer electronics space and electrified transportation sector manufacturing under its BYD brand. BYD is the fastest-growing Chinese automotive and green energy technology enterprise. The Company trades on the Hong Kong Exchange (HKE) under the ticker numbers (SEHK:0285) for BYD Electronics and (SEHK:1211) for BYD Company Ltd., as well as on the Shenzhen Stock Exchange under the ticker number (SHZ:002594) for BYD Company Ltd.