It is reported that at 15:35 on January 4, 2022, the Puyang Energy Storage and Peaking Power Station Demonstration Project, contracted by Suzhou Surge Power, was connected to the grid at a high standard. Puyang Project is located in Henan Province, with a construction scale of 20MW/40MWh lithium iron phosphate battery for energy storage. The project is invested and constructed by Henan Investment Group, with a planned site area of about 9568m ²， The total investment is 130 million yuan. It is the leading energy storage demonstration project of lithium iron phosphate battery in China and the first high standard grid connection project in Henan Province this year. After the completion of this project in September 2022, it will generate 20MW-40MWH and can charge 40 megawatt hours of electricity at once, meeting the daily electricity demand of approximately 7000 households. The project mainly participates in services such as provincial power assistance, grid peak shaving, and energy storage capacity leasing. It can consume approximately 25 million kilowatt hours of new energy annually and reduce coal consumption by approximately 5000 tons, providing strong support for the stable operation of the power system, improving the comprehensive utilization rate of new energy resources, and assisting in the construction of a new type of power system with new energy as the main body.