On October 27th, Ritar International Group-Jiuquan Rich Times Power Technology Co., Ltd-Solid State OPzV Battery The groundbreaking ceremony for the production line and energy storage system supporting construction project was successfully held. Ritar Group Chairman Hu Jiada, Vice Chairman Peng Hengying, Suzhou District Political Consultative Conference Chairman Yang Zhenwei, Gansu Construction Investment Green New Energy Development Co., Ltd. General Manager Liu Tie, and Gansu Installation and Construction Group Co., Ltd. General Manager An Yujun attended the ceremony.

Investing heavily to build an energy storage smart factory

The Solid State OPzV Battery production line and energy storage system supporting construction project is located in Zone A of the Near Zero Carbon Industry Development Demonstration Base in Suzhou District, Jiuquan City, with a total investment of 8 billion yuan. The project will be implemented in three phases. The first phase will implement the assembly project of 3GWh Solid State OPzV Battery and 2GWh energy storage power station system, with a planned investment of 2 billion yuan; The second phase will implement the assembly of 4GWh Solid State OPzV Battery and 3GW energy storage power station systems, with a planned investment of 3 billion yuan; The third phase plan is to implement a 3GWh Solid State OPzV Battery, 1GWh energy storage power station system assembly, and approximately 100000 tons of waste battery recycling industry chain project, with a planned investment of 3 billion yuan. Following the battery recycling cycle, a 200000 ton battery recycling project will be gradually constructed and completed.

The project construction period is planned to be 5 years, with a cumulative industrial chain investment of approximately 8 billion yuan. After the project reaches its production capacity, the annual output value exceeds 10 billion yuan, the tax payment exceeds 800 million yuan, and it drives employment for over 3000 people.

The groundbreaking ceremony is colorful

Chairman Hu Jiada introduces the project to the guests

Complementary regional advantages promote the development of the new energy industry

With the proposal of the "30-60 carbon peak carbon neutrality" strategy, renewable energy will be vigorously developed. The high proportion of renewable energy requires the deployment of large capacity energy storage, which will usher in explosive development opportunities.

Relying on the excellent investment environment of Jiuquan City, the unique scenery resources and energy policies in the country, Rich New Energy has accelerated the construction of the Solid State OPzV Battery production line and energy storage system supporting construction project. The launch of this project marks the steady progress of Rich New Energy's full industry chain layout, which will further strengthen the company's advantages in the energy storage industry chain, ensure the stability of the supply chain, create core competitiveness, and provide high cost-effective, high safety, and high-quality energy storage dedicated batteries in the energy storage business.

Chairman Hu Jiada's speech

In the future, Ritar Group will continue to promote the construction of "energy storage smart factories" through technological innovation and practical experience accumulation, empower the "dual carbon" goals and energy transition security, and enable energy to better serve economic and social development.

Opening ceremony guests gather together