Shanghai Electric Group launches low carbon business

©Ryan Pyle/Corbis/People Visual

As a response to China's 14th Five-Year Plan, Shanghai Electric New Energy Development Co., Ltd. has developed a roadmap that focuses on the development of wind, solar, hydrogen and storage energy projects, alongside industrial intelligence, high-end medical equipment, and other new businesses, marking the accelerated expansion and growth of Shanghai Electric's green, low-carbon business.

©Shanghai Electric New Energy Development Co.

The new energy company has a registered capital of 3 billion yuan and was jointly funded by Shanghai Electric and Electric Wind Power this year. Among them, Shanghai Electric holds 66.7% and Electric Wind Power holds 33.3%. Shanghai Electric is the controlling shareholder of Electric Wind Power.

©Wu Xiong for Sixth Tone

In the future, Shanghai Electric will focus on promoting the dual-wheel drive of "industrial intelligence and service industrialization", and the dual-network interaction of "Energy Internet and Industrial Internet". Cooperating with governments, industry customers, industrial capital, technical partners, financial institutions, etc., to empower global industrial development with technology and create a better life for mankind.