STATEMENT: Shanghai Electric leaders visit Siemens in Germany to further forge green cooperation

-Shanghai Electric leaders visit Siemens in Germany to further forge new green and low-carbon cooperation.

STATEMENT: Shanghai Electric leaders visit Siemens in Germany to further forge green cooperation

-Shanghai Electric leaders visit Siemens in Germany to further forge new green and low-carbon cooperation

SHANGHAI, Aug. 1, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) Chairman of the Board Leng Weiqing recently visited Germany for talks with Christian Bruch, Chairman, CEO and Director of sustainability event of Siemens Energy AG from July 25 to 27, to further deepen industrial cooperation and collaborative innovation and promote high-quality, low-carbon energy transformation and development. The meeting took place four months after Christian Bruch, Chairman, CEO and Sustainability Director of Siemens Energy, visited the headquarters of Shanghai Electric.

During the meeting, Bruch briefly presented Siemens Energy's development strategy and design. Acknowledging Siemens Energy's position as the world's leading energy technology company and renowned equipment provider, Bruch highlighted its cutting-edge core technologies, spanning water electrolysis for hydrogen production, smart grids and booster stations. in high sea.

Siemens' broad business scope spans gas-fired power generation, power transmission, wind power, and low-carbon industries. Under the global trend of low carbonization, the energy sector has significant potential. Siemens expressed great optimism, emphasizing the importance of China's dual carbon market. As strategic partners, Shanghai Electric and Siemens aspire to seize opportunities for collaboration and transformation, seeking new avenues for practical cooperation in multiple domains. The goal is to accelerate the promotion of low-carbon and green energy transformation, demonstrating your dedication to a sustainable future.

Leng Weiqing expressed his sincere gratitude to Siemens Energy, stating, "Shanghai Electric regards green and low-carbon as the focus of future development, and according to the new road strategy, we are focusing on the design of the four major new energy fields of wind, light, energy storage and hydrogen, while comprehensively promoting the development of green energy and low-carbon transformation.In the field of green technology, Shanghai Electric is accelerating the formation of core competitiveness through open cooperation and synergy.As a strategic partner who has sincerely cooperated for nearly 30 years, we hope to further deepen technical cooperation and talent exchanges with Siemens Energy, innovate cooperation models, and join hands with future-oriented development concepts, technological innovations, product portfolios and solutions. Together we aspire to build a new energy future, fully committing ourselves to realizing a fully decarbonised sustainable future for all."

During the visit to Germany, Leng Weiqing and his delegation toured the Siemens Power Transformer Factory, PEM Hydrogen Production Factory, Gas Turbine Factory and Innovation Center. They engaged in further friendly talks with Karim Amin, Executive Vice President and Executive Committee Member of Siemens Energy, and gained valuable insight into Siemens' energy industry development, R&D capabilities, as well as its efficient production organization and management models. .

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 energy integration. digital intelligence. With the focus on low-carbon development and digital transformation by opening up new scenarios and promoting new growth drivers, Shanghai Electric will strive to be a leader in pursuing maximum carbon dioxide emissions before 2030 and achieve carbon neutrality by 2060, production of new energy equipment and localization of high-end equipment, utilizing the unlimited opportunities in an innovative industrial ecosystem together with global partners.

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