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Wuhan Tianyuan Holdings' subsidiary Tianyuan Energy signs a 560 million yuan energy storage project investment agreement
Beijing Business Daily (Reporter Ma Huanchuan, Li Jiaxue) reported on the evening of March 10 that Wuhan Tianyuan (301127) announced that its controlling subsidiary, Wuhan Tianyuan Energy Co., Ltd., and the People’s Government of Xiushui County, Jiujiang City, Jiangxi Province, are planning to sign an Investment Agreement for the investment and construction of the “Independent Shared Energy Storage Power Station Project,” with a total investment of 560 million yuan.
The announcement states that the project involves building a 200MW/400MWh independent electrochemical energy storage power station. The main systems include energy storage batteries (using lithium iron phosphate batteries), Battery Management System (BMS), energy storage inverters (PCS), and associated transformers and equipment.
Wuhan Tianyuan indicated that the implementation of the project will help the company achieve strategic transformation and business upgrades, and will have long-term positive effects on the company’s overall operational scale, profitability, and cash flow.