Which vanadium battery companies are actively expanding their upstream vanadium resource supply?

 1. Hebei Iron and Steel Co., Ltd. Chengde Vanadium Titanium New Materials, as the leading producer of vanadium titanium in the north, has resource and technological advantages, stable vanadium slag production, and has established a vanadium electrolyte production line;

2. Yongtai Energy Group Co., Ltd. Yongtai Energy owns mines such as Longling Vanadium Mine, with large reserves of exploitable vanadium resources. The company has a high-quality vanadium pentoxide resource of 1.5889 million tons, which has outstanding upstream resource advantages in the field of all vanadium flow batteries and is in a leading position in the vanadium extraction industry from stone coal. 3. Hunan Yinfeng New Energy Co., Ltd. has established vanadium electrolyte production bases, 10000 ton high-purity vanadium production bases, and stack and system integration production bases in Yichun, Shangluo, Guzhang, Loudi and other places. 4. Dalian Rongke Energy Storage Group Co., Ltd. has signed a long-term raw material supply agreement with Panzhihua Iron and Steel Group Chengdu Vanadium and Titanium Resources Development Co., Ltd., a wholly-owned subsidiary of Vanadium and Titanium Co., Ltd., and established a joint venture with them to specialize in the research and development, production, and leasing of vanadium electrolytes. 5. Zhejiang Xingchen New Energy Technology Co., Ltd. Xingchen New Energy holds high-quality vanadium ore resources in Xiangxi, Hunan. In addition, it is actively communicating with enterprises such as China General Technology Group and China Minmetals Enfei Engineering Technology Co., Ltd. to jointly promote the iterative upgrading of vanadium battery materials, high-purity vanadium materials, and electrolyte preparation technology. 6. Huantai Energy Storage Technology Co., Ltd. has subsidiaries including Gansu Dunhuang Wuyishan Vanadium Mine, Gansu Guazhou Electrolyte Factory, Gansu Qingyang Electrolyte Factory, Gansu Guazhou Battery Equipment Factory, and Zhejiang Jiaxing Battery Equipment Factory, with an annual delivery capacity of 40000 cubic meters of electrolyte and 500MW vanadium battery equipment. It is one of the companies with the most complete industry chain in the vanadium battery industry. 7. Shenyang Hengjiu Antai Environmental Protection and Energy saving Technology Co., Ltd. In January 2024, CITIC Jinzhou Metal Company and Hengjiu Antai successfully signed a contract under the witness of attendees, and the two parties will carry out in-depth cooperation on the high-purity vanadium purification project for all vanadium flow batteries. Wu Jialiang, founder of Hengjiu Antai, Yu Yang, general manager, and Bu Yibing, director of market development, attended the signing ceremony together. In January 2024, Fu Hu, a member of the Standing Committee of the Dunhuang Municipal Party Committee and Deputy Mayor of the Municipal Government, led a delegation to visit and exchange ideas on the unique vanadium ore resources in Dunhuang and the construction of demonstration projects. Both parties have reached a cooperation intention, with deep development and utilization of vanadium ore as the core, strong alliance, top-down integration, and integrated development, to create a vanadium full industry chain from raw materials to terminals, integrating vanadium ore mining, vanadium electrolyte preparation, and energy storage applications. In July 2022, Sichuan Weilide Energy Co., Ltd. signed a strategic cooperation agreement with China National Nuclear Corporation Titanium Dioxide and established Gansu Zetong Weilide Vanadium Material Co., Ltd. The company will focus on developing vanadium resources in Gansu Province in the early stage and make every effort to obtain high-quality vanadium resources at home and abroad. 10. Jiangsu Meimiao Energy Storage Technology Co., Ltd. Meimiao Energy Storage has the advantages of independently controllable vanadium ore industry chain and controllable cost by laying out high-quality vanadium ore, building its own electrolyte production line, and independently developing and producing BMS system EMS system, fuel cell stack and complete energy storage system. 11. Chengde Xinghua Hengtong Industrial Co., Ltd., a subsidiary of Chengde Wanlitong Industrial Group, the parent company of Chengde Xinxin Vanadium Titanium Energy Storage Technology Co., Ltd., mainly produces high-purity vanadium and vanadium products. On January 8th, Guizhou Zhixi Technology Co., Ltd. signed a strategic cooperation agreement with the 9th Division Area of Tacheng, Xinjiang and the Hebei Institute of China Electric Power Construction. According to the agreement, Guizhou Zhixi Technology Co., Ltd. plans to build a smart factory project for all vanadium flow energy storage batteries, a vanadium ore beneficiation plant, and related industries in the 9th Division Area, with a total investment of 4 billion yuan, and is planned to be completed within 3 years. In October 2023, Beijing Puneng Century Technology Co., Ltd. established Hebei Dahe Energy Storage Technology Co., Ltd. with Chengde Vanadium Titanium, ensuring sufficient vanadium resources for Beijing Puneng in the future. 14. Hebei Super Vanadium Energy Storage Co., Ltd. is controlled by Hebei Geological and Mineral Group, which has strong vanadium resource supply capabilities; Chengde Xinxin Vanadium and Titanium Co., Ltd. has a relatively stable supply of vanadium resources. 15. Zhejiang Poly Energy Storage Technology Co., Ltd

Signed investment and development agreements for vanadium battery industrialization projects with Lufeng City and Chuxiong Jinjiang Energy Group. Yunnan Desheng Vanadium Titanium Metal Ecological Industrial Park has stable vanadium slag production capacity, providing guarantee for vanadium resource supply