New vanadium liquid flow company receives three rounds of financing in half a year

Xingchen New Energy, a new vanadium liquid flow energy storage company, has received three rounds of financing in six months, attracting the attention of heavyweight investors including State Power Investment Corporation, Minmetals Venture Capital, PetroChina Kunlun Capital, Henan Capital Holdings, Chinese Academy of Sciences Capital, and CRRC Capital. The company focuses on the field of long-term large-scale liquid flow energy storage, covering the research and development, manufacturing, and production of electrolytes, battery stacks and core components, energy storage systems, and other products.