Huangtai Energy Storage Station of China Huaneng Group Corporation (CHNG) announced that it has completed the registration process and has been qualified to participate in the electricity spot market. In the last few months, there were three storage stations, Tengyuan Energy Storage Station of China Huadian Corporation, Haiyang Energy Storage Station of State Power Investment Corporation, and Qingyun Energy Storage Station of China Three Gorges Corporation, which have entered the spot market. After these four stations entered the market, they participated in 50 auctions, completed 56 charge-discharge cycles, and traded 9621MWh of electricity. There was a 120MW/212MWh BESS which used the leading LFP batteries as its storage units in Huangtai Station. And it has significant economic benefits for its annual revenue is expected to reach 18 million yuan according to the current electricity price difference of 330 yuan/MWh, charge-discharge cycle loss of 15%, and the annual charge-discharge cycle of 330 times.
CHNG Huangtai Energy Storage Station Entered the Market And Traded 855MWh of Electricity