WAET and Ganghua Energy signed a strategic cooperation agreement to accelerate the development of zero carbon smart parks!

On October 27th, WAET and G Energy Investment Co., Ltd. signed a strategic cooperation agreement to collaborate in the field of integrated smart energy, creating zero carbon cities and zero carbon parks to help China's carbon peak and carbon neutrality process. Vice President Qiao Xin of WAET and Senior Vice President Zhang Jing of G Smart Energy respectively signed the contract on behalf of both parties. Chen Yinglong, Chief Investment Officer of Hong Kong China Gas, Hao Xiang, Managing Director of IDG Capital, and Ding Yongqiang, President of WAET, attended the meeting online and witnessed the signing of the contract with Song Xiang, Assistant Investment Director of Henderson Land China, Senior Vice President of Hong Kong China Smart Energy, and Qin Meng, Sales Director of WAET Central South Region. G Energy is the renewable energy sector of G Smart Energy, which gathers key carbon neutral scenarios such as industrial parks and high energy consuming enterprises. Based on the smart ecological platform, it provides customers with comprehensive smart energy services that integrate "source grid load storage" through investment, construction, and operation of energy infrastructure such as distributed photovoltaics, energy storage, charging and swapping, and multi energy supply, as well as carbon management, energy efficiency management, and other businesses. As of now, more than 200 smart energy projects have been deployed in 20 provinces, municipalities and autonomous regions across the country, including nearly 50 zero carbon industrial parks, accumulating rich capabilities and experience in providing full cycle services for zero carbon smart parks such as planning, investment, construction, and operation. According to the cooperation agreement, both parties will establish a joint venture platform to complement each other's advantages. Using cities, counties (districts), and industrial parks as units, they will work together to promote the construction of zero carbon cities, zero carbon parks, and other projects, and create integrated smart energy management solutions for parks and users; And prioritize the investment and construction of distributed photovoltaic projects for factory roofs and zero carbon parks, jointly promoting the investment, construction, and implementation of zero carbon cities, and achieving the maximization of economic and social benefits. And jointly promote technological and business innovation, explore new cooperation models such as capital operation, and work together to create a better future. The 20th National Congress of the Communist Party of China has made the latest strategic deployment for achieving the "dual carbon" goal, further clarifying the goal of implementing the carbon peak action in a planned and step-by-step manner, and deepening the energy revolution. The achievement of the national dual carbon target requires strong support from industries and green low-carbon technologies, and requires partners in the industrial chain to work together to promote it. In 2021, Dr. Li Jiajie, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and Chairman of the Board of Directors of Hong Kong China Gas and Hong Kong China Smart Energy, proposed at the National People's Congress and the Chinese People's Political Consultative Conference that smart energy is the key to building a zero carbon demonstration city. In the 2022 National People's Congress and Chinese People's Political Consultative Conference, he proposed the development of smart carbon reduction technologies and the promotion of high-quality green transformation in high energy consuming industries. At the beginning of 2022, China Gas and IDG Capital jointly established the first 100 billion yuan zero carbon technology fund in China with the theme of "technology investment+scenario empowerment". It not only provides capital support for innovative and entrepreneurial enterprises in the field of zero carbon technology, but also opens up the rich application scenarios of China Gas and G Smart Energy, accelerating the landing and practice of invested enterprises' products and technologies in application scenarios, and helping to achieve the dual carbon goal. Mr. Chen Yinglong, Chief Investment Officer of Hong Kong China Gas, stated in his speech that "WAET is the first project invested by the Zero Carbon Technology Fund and an active exploration of the fund's' technology investment+scenario empowerment 'model. We hope that both sides can form a strong alliance, fully leverage their respective advantages, provide customers with better comprehensive smart energy solutions, and help achieve the national dual carbon strategy goals." WAET President Ding Yongqiang analyzed the respective strengths of Hong Kong China Energy and WAET in his speech, As a leading energy service provider in the industry, G Energy has excellent customer resources on the user side, as well as experience in investment, construction, and operation of distributed photovoltaics, energy storage, and other businesses. On the other hand, WAET has mature and complete distributed smart energy solutions. The strong alliance between the two sides will surely take the national energy iteration as an opportunity to achieve great achievements in distributed project development. "Hao Xiang, Managing Director of IDG Capital, said in his speech that under the dual carbon strategy, we are all peers who help promote the country's green and low-carbon development, as well as business partners who pursue the ultimate in technology, products, and other areas in our respective fields, and have a common pursuit of value. I hope everyone can leverage their respective strengths to provide customers with more green and economic value, while exploring more opportunities for product, technology, and solution layout. Mr. Zhang Jing, Senior Vice President of G Smart Energy, also fully affirmed the position and influence of WAET in the industry, as well as its advantages in technology and products. Zhang Jing stated that the strategic cooperation between Hong Kong Hua Energy and WAET has both consistency in value goals and complementarity in professional capabilities, resources, and other aspects. Next, Hong Kong and China Energy will actively promote the implementation of cooperation, fully leverage their respective advantages, provide customers with better comprehensive smart energy services, and help achieve the national dual carbon goals. In the future, WAET and G Energy will leverage their respective advantages to jointly explore the integrated smart energy and distributed photovoltaic markets, promote industrial synergy, and help the sustainable development of the new energy industry.