It is reported that the funds raised in this round will be mainly invested in four directions: research and development and platform construction, project delivery and power station development, capacity expansion and company operation, injecting momentum into the next stage of large-scale development of the enterprise.
1、 From research and development to full industry chain layout
Founded in 2021, Xingchen New Energy has evolved from focusing on the research and development of all vanadium flow batteries to becoming a "technology-based AI energy storage enterprise".
In the first half of 2025, Xingchen New Energy won three new energy storage power station projects in the western region of Mongolia, with a total installed capacity of 0.75GW/3GWh. Among them, the 200MW/800MWh string independent energy storage power station in Ulanqab, as a benchmark project for "liquid lithium mixed storage", has anchored its goal of grid connection and operation by the end of 2025 and will soon become an important practical carrier to verify its innovative model.
The energy storage industry has also ushered in a turning point from "policy driven" to "value driven". With the arrival of the era of parity in wind and solar energy storage, the surge in new energy grid integration has led to a continuous expansion of the peak shaving gap in the power grid. From 2025 to 2026, domestic independent energy storage will enter a period of explosive demand.
At the policy level, the "Special Action Plan for Large scale Construction of New Energy Storage (2025-2027)" specifies a target of 180 million kilowatts of new energy storage installed capacity by 2027, with a direct investment of approximately 250 billion yuan; The Basic Rules for Medium - and Long Term Electricity Market (Draft for Comments) for the first time grants independent energy storage a dual identity of "power generation enterprise+power user", upgrading it from a "peripheral role" in the electricity market to an independent operating entity, and further clarifying the market-oriented profit path.
In this context, Xingchen New Energy focuses on key aspects: on the one hand, it adheres to full stack self-developed. It has developed a vanadium liquid flow energy storage stack, continuously improving the energy efficiency of the stack, and the service life of the stack can reach 25000 cycles; We have also independently developed flexible graphite bipolar plates and developed non fluoride ion conductive membranes. On the other hand, the company's business runs through the entire industry chain, from controlling upstream coal and vanadium resources, to manufacturing core components such as midstream electrolytes, fuel cells, BMS, and downstream energy storage system integration and power station operation, forming a complete closed loop and achieving industrial implementation.
2、 Hybrid storage+AI mode
In addition to building a complete industrial chain map, the core of Xingchen New Energy is the innovative model of "hybrid storage+AI".
The core point of this model is the technical collaboration and commercial implementation of "transactional hybrid storage power plants". Unlike a single battery solution, Xingchen New Energy adopts a hybrid architecture of "all vanadium flow battery+lithium iron phosphate battery" to achieve complementary technological advantages.
On the one hand, lithium iron phosphate batteries exhibit "fast response, high power" characteristics, providing millisecond level power support and adapting to high-value auxiliary services such as primary frequency regulation and AGC adjustment; On the other hand, the independently developed all vanadium flow battery focuses on "high safety, long life, low attenuation, and large capacity", achieving long-term discharge of 4 hours or more and a cycle life of over 20000 times, perfectly solving the problem of peak and valley fluctuations in new energy day and night.
Taking the Ulanqab project as an example, this hybrid architecture increases the capacity utilization rate by 15% compared to a single lithium battery solution, and reduces the full lifecycle electricity cost by more than 20%.
The deep empowerment of AI technology further unleashes the profit potential of this model. The artificial intelligence power trading management system independently developed by Xingchen New Energy integrates meteorological forecasting, power forecasting, and electricity price forecasting data, which can predict medium and long-term wind and solar power output and minute level market fluctuations, and dynamically optimize charging and discharging strategies; Guide lithium iron phosphate batteries to participate in minute level high-frequency arbitrage, focus on hour level peak valley arbitrage for all vanadium flow batteries, and participate in frequency and peak shaving services to obtain multi scenario profits.
In addition, AI technology is also applied to power plant operation and maintenance, real-time monitoring of equipment status, early warning of risks (such as thermal runaway of lithium batteries and electrolyte leakage of vanadium batteries), and intelligent generation of solutions to reduce operation and maintenance costs by 15%, achieving the dual goals of "safe operation+efficient profitability".