Meng Jintao pointed out that China's energy reform and energy structure adjustment require the support of a new type of power system. In the future, new green energy represented by photovoltaics, wind power, etc. will become the mainstay of China's power structure. The new power system requires multiple energy storage methods, with the core being safety and economy.

Iron based flow batteries are a cost-effective and safe energy storage technology. Including its inherent safety, multiple energy storage durations can be achieved, iron-based materials are cheap and easy to obtain, flexible, and have low cost per kilowatt hour (0.23 yuan/kilowatt hour, calculated in 8 hours).

At present, Ju'an Energy Storage has overcome the key technological bottlenecks of iron dendrites and hydrogen evolution in all iron flow batteries, and has adopted new materials, formulas, and energy storage methods. Among them, specific iron integrated molecular materials and fully soluble all iron electrolytes are used as the core technology. Ju An Energy Storage has been designing and developing high-power fuel cells, as well as developing membranes suitable for alkaline iron-based systems. At present, all iron flow batteries have surpassed pumped storage in terms of economy in systems lasting more than 8 hours, and iron-based flow batteries will achieve dual breakthroughs in technology and cost.

At present, there are long-term industrial and commercial projects such as the Changjiang Electric 1MW/8MWh energy storage project and the Alshan 20MW/160MWh iron-based liquid flow energy storage demonstration project.

Ju'an Energy Storage Wuhan Technology Co., Ltd. is a globally leading liquid flow energy storage technology enterprise founded by Dr. Meng Jintao from Huazhong University of Science and Technology. Its independently developed "all iron liquid flow energy storage system" has been selected for the National Energy Administration's Major Technical Equipment List due to its advantages of high safety, low cost, and long service life. It has been praised by Nobel laureate John B. Goodenough as a "revolutionary innovation in the field of electrochemical energy storage".

The company has reached strategic cooperation with central enterprises such as Datang and China Power Construction, and has implemented projects covering multiple scenarios such as the industrial and commercial side and the power grid side, setting an industry record of completing the construction of megawatt level power plants in 10 days.

Looking ahead to the future, may Ju'an Energy Storage continue to lead the innovation of long-term energy storage technology, inject strong momentum into the global energy structure transformation and the achievement of the "dual carbon" goal, and become a shining business card for China's intelligent manufacturing to go global!