According to information from the official website of the Shangrao Economic and Technical Development Zone, Jiangxi Railway & Aviation Technology Co., Ltd. will invest 850 million yuan in the construction of a 300MW/600MWh independent energy storage power station project, and Jinko Power Technology Co., Ltd. (601778) will invest 850 million yuan in the construction of a 300MW/600MWh shared energy storage power station project. Both projects have recently settled in Shangrao City, Jiangxi Province.
It is reported that after the two projects are completed and put into operation, each will be able to achieve an annual charge-discharge capacity exceeding 180 million kWh and an annual output value exceeding 150 million yuan.
Public information shows that Jiangxi Railway & Aviation Technology Co., Ltd. was established in December 2020 as a wholly owned subsidiary of Jiangxi Railway and Aviation Investment Group Co., Ltd., a provincial state-owned enterprise in Jiangxi. The latter was established in November 2006 with a registered capital of 20.264 billion yuan. It is the main body for railway and aviation investment, construction, and operation in Jiangxi Province, and is a comprehensive industrial group integrating financial capital, road-adjacent resource development, modern logistics services, and technological innovation.
Jinko Power Technology Co., Ltd. was established in July 2011, with its headquarters located in Shanghai, and was listed on the Main Board of the Shanghai Stock Exchange in May 2020. The company focuses on the downstream industry chain of the photovoltaic power generation industry, with business covering photovoltaic power plant development, EPC, intelligent operation and maintenance, and integrated energy services.
The energy storage business is one of Jinko Power Technology's core strategic tasks for 2025. The company has already deployed energy storage business in multiple locations nationwide, covering various application scenarios including the power generation side, grid side, and user side. As of the end of 2024, Jinko Power Technology held independent energy storage power stations with a total scale of 298MWh, with an annual addition of 55MWh of grid-side energy storage and 18MWh of user-side energy storage, and newly obtained registered energy storage project capacity exceeding 1,970MWh. At the same time, relying on a large number of resources developed and reserved in the past, multiple energy storage projects exceeding 1 GWh are in the pipeline.