Energy storage project launched in Nantong Comprehensive Bonded Zone

The energy storage project of Nantong Chongtian Spinning Co Ltd, located in the Nantong Comprehensive Bonded Zone, recently commenced operations and connected to Jiangsu province's virtual power plant to assist with grid load balancing. 

The project, funded by Jiangsu Tenergy Holding Group Co Ltd with an investment of 22 million yuan ($3.03 million), is the largest user-side energy storage project within the bonded zone. It consists of 62 modular energy storage units, each with a capacity of 125 kW/261 kWh. Utilizing a "charging during off-peak hours and discharging during peak hours" approach, the system charges and discharges twice daily. This process helps smooth out power demand fluctuations, ensuring a stable power supply and supporting uninterrupted production for enterprises.

Over the next 15 years, the project is expected to save Nantong Chongtian Spinning Co Ltd over 70 million yuan in electricity costs while significantly enhancing the overall energy utilization efficiency within the bonded zone.