Fives Selected for Renewable Energy Storage Project

Fives has been selected by the Chinese company Zhonglv Zhongke Energy Storage Technology Co for the supply of cryogenic equipment as part of the largest renewable energy storage project on an industrial scale.

The storage unit operated by Zhonglv Zhongke Energy Storage Technology Co will be installed in the region of Golmud, in the Qinghai province, in the northwest of China, and is planned to be commissioned at the end of 2024. It is the first project in the world at an industrial scale using the LAES technology (liquid air energy storage). The unit will store 60MW of solar energy which will be redistributed into the grid to power the needs of the region’s industries and homes.

This pilot is intended to be developed worldwide with Zhonglv Zhongke Energy Storage Technology Co which ambition is to become a leader in the large-scale long-term energy storage market, notably thanks to Fives’ support. The LAES technology is an efficient and sustainable option to lithium-ion batteries currently used to store alternative energies.

At the heart of the LAES technology, six heat exchangers supplied by Fives will liquify the air required to stock the solar energy produced so it can be released at a given time. These heat exchangers are produced in Fives’ workshops in Golbey, in the East of France.

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