Hohhot City, Inner Mongolia, and Beijing Energy Group signed a 7 billion yuan investment framework agreement

On April 22, Hohhot, Inner Mongolia, and Beijing Energy Group signed an investment framework agreement for a new long-duration energy storage equipment manufacturing project, with a total investment of 7 billion yuan. According to the agreement, Beijing Energy Group will invest in the construction of a new long-duration energy storage power station in Hohhot, and introduce supporting long-duration all-vanadium liquid flow energy storage battery equipment manufacturing and other projects. This move aims to promote the large-scale and industrialized development of new energy storage, accelerate the construction of a new power system, and contribute to the construction of an important national energy and strategic resource base in Inner Mongolia.