Qingdao Railway Investment and Shenergy North Sign Framework Agreement for Energy Storage Project Cooperation and Development

en.Wedoany.com Reported - On the morning of August 26, Qingdao Railway Investment Energy Technology Co., Ltd. and Shenergy North Energy Holding Co., Ltd. signed a framework agreement for project cooperation and development in Qingdao. Liu Weimin, General Manager of Qingdao Railway Investment Energy Technology Co., Ltd., and Wang Xuan, Deputy General Manager of Shenergy North Energy Holding Co., Ltd., attended the signing ceremony and signed on behalf of both parties. According to the agreement, the two parties will establish a long-term and stable strategic partnership, focusing on the Shandong provincial market, jointly developing energy storage projects, advancing the development of the new-type energy storage industry, and supporting the construction of Shandong's new power system.

Shenergy North Energy Holding Co., Ltd. is a wholly-owned subsidiary of Shenzhen Energy Group Co., Ltd., registered in Beijing in 2008. With strong capital strength, it has long been dedicated to the investment, development, construction, and operation of new energy projects nationwide. Its business footprint covers Northeast, Northwest, North China, and other regions, with more than 40 wholly-owned and controlled subsidiaries. The company has accumulated a relatively complete project evaluation, investment construction, and operation management system in new energy and energy storage projects, making it an important specialized investment and operation entity in China's new energy industry.

According to the framework agreement signed this time, the two parties will focus on cooperation in grid-side independent energy storage, new-type energy storage, and other energy storage projects mutually recognized by both parties within Shandong Province, jointly advancing project development and construction. Shenergy North Energy Holding Co., Ltd. will leverage its professional capabilities in energy storage project investment evaluation, technical solution design, and engineering construction implementation to lead the overall development of cooperative projects, and complete project technical and economic feasibility studies, investment calculations, and internal investment decisions in accordance with its own investment standards. Qingdao Railway Investment Energy Technology Co., Ltd. will undertake the responsibility of local resource coordination, carrying out site resource screening and selection, land site selection, application for energy storage construction quotas, coordination of grid connection conditions, assisting in project filing, approval, and licensing procedures, while keeping abreast of local industrial policy updates and key project information, securing supporting documents required for project development, and ensuring the smooth progress of preliminary work.

New-type energy storage is infrastructure that supports the large-scale integration of new energy, enhances the grid's flexible regulation capability, and fulfills the "dual carbon" goals. Shandong Province has a solid foundation in the new energy industry and a vast market space for energy storage. This signing marks an important step for Qingdao Railway Investment Energy Technology Co., Ltd. in establishing cooperation with a leading industry energy platform and positioning itself in the new-type energy storage business. In the next phase, the company will establish a regular communication and coordination mechanism with Shenergy North Energy Holding Co., Ltd., accelerate the screening of high-quality energy storage resources, advance project feasibility studies and resource alignment, and facilitate the implementation of energy storage projects with viable conditions. As a state-controlled energy enterprise, Qingdao Railway Investment Energy Technology Co., Ltd. will continue to be rooted in Shandong, expand external cooperation channels, and provide support for the province's energy structure transformation and green economic development.