STATEMENT: Shanghai Electric to promote strategic layout of complementary mode and energy coupling

- Shanghai Electric joins forces with global industry partners to promote strategic design of complementary mode and multi-energy coupling.

STATEMENT: Shanghai Electric to promote strategic layout of complementary mode and energy coupling

- Shanghai Electric joins forces with global industry partners to promote strategic design of complementary mode and multi-energy coupling

SHANGHAI, March 24, 2023 /PRNewswire/ -- Shanghai Electric (SEHK: 2727, SSE: 601727) is promoting the exploration and implementation of a strategic complementary multi-energy deployment involving source, grid and charging hydrogen storage. The company aims to expand "wind, water, heat, storage integration" and "source-grid-load hydrogen storage integration" through innovation and creation, as well as industrial digital intelligence upgrades and applications. . This strategic framework will consider the development objectives of stable energy supply in the short term and the construction of a carbon-neutral society in the medium and long term.

In the absence of a comprehensive and systematic plan, transformation measures are often fragmented, limiting the scope and impact of deep decarbonization. This was discussed in detail by Leng Weiqing, Chairman of Shanghai Electric Group, in his proposal during the 2023 'Two Sessions'. "We should speed up the creation of a system and mechanism to reduce carbon emissions among energy providers and industrial entities, as well as remove political barriers between them to form a joint force for carbon reduction."

To speed up strategic deployment, Shanghai Electric is cooperating with industry organizations in Asia, China, the Middle East, Saudi Arabia and other countries and regions.

Offshore Wind Power in China

Shanghai Electric Wind Power recently topped the list of new offshore wind power installations in China, earning the industry's highest ranking for the eighth consecutive year with a cumulative supply of 7.05 GW of clean power in the past three years. Recently, its participation in the construction of China's first floating offshore wind power and fish farming integrated equipment research and demonstration project recently won the floating wind power technology innovation award at the 7th Equipment Selection and Design Seminar. New Energy Plants by virtue of guaranteeing and verifying the total safety and reliability of the system design. The Datang Nan'ao Lemen offshore wind power project, in which Shanghai Electric Wind Power Group participated, also recently announced that it achieved full generation beyond design, completing a daily power generation of 5,882,200 kWh, a new record in power generation in a single day since the project went live.

International photovoltaic projects

Dubai Solar Thermal Photovoltaic Project, jointly built with ACWA Power, has entered a critical stage of construction, which will dedicate a landmark green project for the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change to be held in United States. United Arab Emirates by the end of 2023, and will allow both sides to continue their future cooperation in the Middle East in low-energy areas such as solar power, wind power, hydrogen power, and new energy areas. The project is a milestone for both sides to continue their cooperation in the Middle East in the fields of solar, wind, hydrogen and other low-energy sources and new energy. In addition, the 91.54 MW photovoltaic project located in Palau County, Brasov, Romania was recently commissioned. The contract includes equipment procurement, design, construction, commissioning, and operation and maintenance (OR

A new generation of electrolyzed water hydrogen production equipment will be put into planned nationwide production in China

Last December, Shanghai Electric launched two new products: alkaline electrolyzed water hydrogen production equipment with a unique hydrogen production capacity of 1,500 standard cubic meters per hour, and electrolyzed water hydrogen production equipment with heat exchange membrane. protons (PEM) with a unique hydrogen production capacity of 50 standard cubic meters per hour. Both products will be officially incorporated into the planned smart production workshops upon completion, the construction of which has been accelerated. This development will significantly optimize China's hydrogen production as well as costs.

"We have planned an alkaline electrolyzer production capacity of 500 MW in 2023, which is equivalent to producing 100 sets of 1,000-square-meter alkaline electrolyzers," said Wu Liang, deputy chief engineer at Shanghai Bright-H Technology, a wholly-owned company. total of Shanghai Electric. "And a 100-megawatt PEM production line is planned for 2025, which is capable of producing 100 200-square-meter PEM electrolyzer units."

Status and future directional planning of multi-energy coupling and construction of source-grid-load-storage hydrogen integration

Multi-energy coupling and hydrogen integration are essential for a low carbon and sustainable energy system. Multi-energy coupling integrates various energy systems and carriers, while hydrogen integration incorporates hydrogen into the energy system. Countries invest in smart grids, energy storage, renewable hydrogen production, and infrastructure for these strategies. The goal is to increase efficiency, sustainability, reliability, reduce emissions and improve energy security. Continued investment can make a significant contribution to the transition to a sustainable energy system.

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 sooner. by 2030 and achieve carbon neutrality by 2060, new energy equipment production and localization of high-end equipment, utilizing the unlimited opportunities in an innovative industrial ecosystem together with global partners.

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