Shanghai Electric and Siemens to drive green digital power grid transformation [Yahoo! Finance]
SHANGHAI ELEC GP UNSP/ADR (SIELY)
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shanghai-electric.com/pages/investor/index.aspx
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Source: Yahoo! Finance
power grid transformation, focusing on low- and medium-voltage power system equipment to help achieve China's dual-carbon goals. The agreement for the 'Intelligent grid - new-type medium- and low-voltage power system equipment procurement project' was formalised at the 8th China International Import Expo. The two companies will drive market expansion, green transformation, and intelligent upgrades under the agreement. The collaboration aims to deliver mutual benefits and establish projects for a sustainable power grid. Shanghai Electric Group president Zhu Zhaokai said: “Shanghai Electric and Siemens share a longstanding partnership built on decades of trust and joint ventures. This agreement marks a new milestone in our cooperation and an important step toward building intelligent, green energy systems. “We look forward to deepening collaboration with Siemens to create benchmark projects for a greener power grid.” Siemens Energy highlighted China's central role in the glo
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