Prudent Energy Inc.

Receives Bid Award for VRB Supplying for Phase I of the National Wind & Solar & Storage and Grid Connection Demo Project 2011.09.07
Prudent Energy Inc., the world's leading supplier of vanadium redox flow battery energy, recently acquired rights for supplying the National Wind & Solar & Storage and Grid Connection Demo Project with VRB energy, and all relevant parties convened in Beijing on September 7 to finalize the decision. State Grid Corporation of China, the Administrative Committee of Zhongguancun Science Park, North China Power Grid Co., Ltd., Zhangjiakou National Wind & Solar & Storage and Grid Connection Demo Ltd., and State Power Group Co., Ltd. came together to bear witness as the contract was officially finalized with the requisite signatures and formalities. The National Wind & Solar & Storage and Grid Connection Demo Project is a key project in Chinas Golden Sun Project Grant Initiative and is a premiere demonstration project aimed at effectively combining a large magnitude of diverse technologies into a single comprehensive system. There will be a large-scale implementation of alternative power generation processes and energy storage system integration technology, with a focus on wind power as the basis for strengthening knowledge and solving pending problems and technical difficulties affiliated with the mass cultivation of renewable energy. Energy storage capabilities will continue to improve in the following areas of power grid optimization: reductions in the volatility of the power generation process, enhanced controllability; output power tracing as a means of improving the predictability of new energy power generation; in-grid peak load shifting, improved system schedulability; advanced frequency modulation services for the continually evolving grid. Under current projections, the resulting power grid will demonstrate a new technological high point in this domain and show that the aggregate power of all the technology involved in this project, when effectively combined, is greater than the sum of its individual parts. This groundbreaking demonstration project will provide an approximate 8 megawatts of energy through its vanadium redox flow battery system, landing it as the " National Large-scale Wind Power Connect to Grid Test Center" and State Grids second megawatt energy project. Prudent Energy CEO Johnson Chiang announced in his speech: "Our energy storage system has undergone over 400,000 hours of continuous operation worldwide since its inception, and has proven its power to solve the unpredictability of new energy maintenance and scheduling problems. We therefore believe that vanadium redox flow battery energy storage systems hold considerable promise and are suitable for a variety of future large-scale applications, and renewable energy as a whole should be expected to make further significantly positive impacts." In his speech, Prudent Energy Chairman Kai Johan Jiang stated that: "the contract sufficiently enumerates the terms of the National Wind & Solar & Storage and Grid Connection Demo Project for State Power Group Co., Ltd. and Prudent Energy Inc., and has placed a high degree of trust in both entities in regards to technological innovation and project execution. State Power Group Co., Ltd. and Prudent Energy Inc. will capitalize on this rare opportunity and through continuous technical innovation further develop the country's new energy industry and continually aim to make greater contributions. The National Wind & Solar & Storage and Grid Connection Demo Project a Brief Synopsis: The National Wind & Solar & Storage and Grid Connection Demo Project is located within the administrative region of Zhangjiakou City and spans both the Zhangbei and Shangyi counties within the Hebei Province, and is one of the key projects in Chinas Golden Sun Project initiative. By the end of construction there will be 500 MW of wind power, 100 MW of photovoltaic power generation systems, energy storage systems with 110 MW of storage capacity. At the current phase of project planning and construction, wind power is at 100 MW, photovoltaic power generation capabilities are at 40 MW, and energy storage capabilities are at 2 MW, and supporting construction of a 220 kV intelligent substation.