SHANGHAI, June 27, 2023/PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) ("the Company") has been recognized as one of China's 500 Most Valuable Brands, according to an annual list published by World Brand Lab, a world leading research institute specializing in digital marketing and brand valuation. The 2023 edition of the report, which measures the brand status of companies based on their financial data, brand strength and consumer behavior, shows that Shanghai Electric ranks 48th with a brand value of 172.58 billion RMB (23.99 billion USD), marking the seventh consecutive year that the company has entered the Top 50.
"The ranking once again attests to Shanghai Electric's commitment to technological innovation as the cornerstone of the company. We view innovation as the driving force behind our rapid development, strengthening our competitiveness as a green company while exploring technological breakthroughs for help China and other countries achieve low-carbon targets.Meanwhile, we also place openness and win-win cooperation at the core of our business strategy as we strive to bring more value to our partners and accelerate global industrial development," said Liu Ping, Chairman of Shanghai Electric.
"As we strive to catalyze innovation in China's high-end equipment industry, Shanghai Electric has established itself as a key player on the global stage. In recent years, we have been involved in more than 100 power engineering products under the Belt and Road initiative, exploring effective and efficient construction and management models and experience that hone our knowledge and equip us with industry-leading solutions," he added.
Harnessing green innovation to decarbonise industries
Shanghai Electric, at the forefront of sustainable growth in the energy and industrial sectors, is committed to driving the development of new energy systems and zero-carbon solutions for industrial parks to help its customers and partners reduce emissions. carbon. In addition, Shanghai Electric is actively expanding and diversifying its solution portfolios, making it easier for its partners to transition to greener energy sources.
In cooperation with the Nantong City Municipal Government, Shanghai Electric has established Hengxi Photovoltaic Technology Co., Ltd as a springboard to propel Nantong's new energy industry to greater heights. The new company will play a decisive role in forming a photovoltaic industry cluster and strengthening the synergy of the city's solar sector. The initial phase of the project will have a production capacity of 4.8 GW of high-efficiency heterojunction (HJT) solar cells and modules.
With seventy years of industrial design experience, the Shanghai Institute of Mechanical and Electrical Engineering (SIMEE) plays a key role in driving low-carbon development by providing solutions that help its partners and customers reduce carbon emissions. The institute, which has won more than 300 national and provincial awards, is the holder of more than 110 patents, and invests RMB 100 million in its R&D efforts to improve manufacturing processes, equipment development, and formulation of new manufacturing standards. design. Volkswagen's Changsha factory designed by the institute has received the China Construction Green Label Certificate for meeting the highest green standards and adopting BIM design management for the entire process.
As the fourth industrial revolution fuels innovations in IoT, big data, robotics and AI to drive low-carbon production, Shanghai Electrics is also leveraging its technological prowess in these fields to provide intelligent manufacturing automation solutions for industries. such as lithium batteries, aerospace, automotive and security. Shanghai Electric's lithium battery production line achieves 30% energy savings and 60% cost reduction, while its aviation automation solutions, encompassing industry-leading lithium battery production equipment , industrial robots and aerospace automation systems, offer comprehensive services for the construction of smart factories.
Driving the energy revolution with win-win cooperation
For decades, Shanghai Electric has pioneered global energy innovation to drive the green development of the energy sector, bringing economic and social benefits to users around the world with its solutions that open up new possibilities.
2023 marks a new milestone as the company has completed a 168-hour trial operation of Unit 2 of the 660 MW coal-fired power plant in the Yanghuopan coal-power integration project. Designed by Shanghai Electric-SPX Engineering
Shanghai Electric Power Engineering Company has been selected as the general contractor for the Phase I and Phase II projects of the Selangor Renewable Power Plant (Malaysia). The plant, a key project commissioned by the state government to boost the local economy while improving the well-being of residents, is capable of processing 2,900 tons of waste per day, as well as helping to decontaminate and reuse half of it. solid waste generated in the state.
In the UK, the 20.8 MW Low Farm project, the seventh installment in a series of eight PV projects in the country built by Shanghai Electric, has been connected to the grid, contributing to the UK's renewable energy capacity and supporting the country's efforts in the transition towards a greener and more sustainable future. The official operation of the project reinforces Shanghai Electric's position as a leader in the global new energy market and shows its ability to build large-scale PV projects in Western markets that maintain high levels of infrastructure construction quality.
About Shanghai Electric
Shanghai Electric Group Company Limited (SEHK:2727, SSE:601727), a leading global provider of industrial-grade green smart system solutions with a global presence, is dedicated to smart energy, smart manufacturing and intelligence integration digital. With the focus on low-carbon development and digital transformation by opening up new fields and promoting new growth drivers, Shanghai Electric will strive to lead in the pursuit of peak carbon dioxide emissions before by 2030 and achieve carbon neutrality by 2060, new energy equipment production and high-end equipment localization, utilizing the unlimited opportunities of an innovative industrial ecosystem together with global partners.
For more information, please visit https://www.shanghai-electric.com/group_en/
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