Jiangsu New Energy plans to build energy storage power station

Jiangsu New Energy announced that it plans to invest in the construction of the Yancheng energy storage project, which is located in the Southeast Industrial Park of Yandong Town, Tinghu District, Yancheng, Jiangsu Province, with a planned capacity of 100MW/200MWh. After completion, the project will participate in the peak-shaving operation of the power grid to alleviate the peak-shaving pressure of the power grid. The total investment is about 349 million yuan, and the estimated capital financial internal rate of return is 8.14%.