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China Recycling Energy Announces Energy Storage Development Cooperation Contract with Shanghai Electric and Fujian Tongyong

CHINA RECYCLING ENERGY (CREG)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: creg-cn.com/en
PDF SHANGHAI, China, Dec. 19, 2017 (GLOBE NEWSWIRE) -- China Recycling Energy Corp. (NASDAQ:CREG) ("CREG" or "the Company"), a leading industrial waste-to-energy solution provider in China, today announced that its wholly owned subsidiary Shanghai TCH Energy Technology signed a Cooperation Contract (the “Contact”) for Energy Storage Power Station Development with Shanghai Electric Distributed Energy Sources Technology Co., LTD. (“Shanghai Electric”) and Fujian Tongyong Hengtai Electrical Equipment Co., Ltd. (“Fujian Tongyong”) to jointly promote the development of energy storage industry.  Based on the common understanding, the parties will use their respective advantages in investment, construction, operation, technology research and development of power station to promote and develop energy storage businesses, which shows the Company has formally started its business development in the energy storage industry.    In accordance with the Contract, the three parties intend to develop in [Read more]

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