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Sunwise partners with SPIC in a mixed-ownership reform initiative

This archived announcement has been translated automatically from Chinese. Names and technical wording may require editorial verification. Original artwork is preserved where applicable.

On October 29, 2020, it will be recorded in the history of Sunwise (hereinafter Sunwise). This day, SPIC issued an announcement for Shanghai electricity, a major shareholder, to make strategic investments in Sunwise, while SPIC Integrated Smart Energy Technologies Ltd. also made strategic investments in Sunwise. This marriage is a combination of capital and technology, a combination of renewable energy and hydrogen energy, and an in-depth collaboration between state and local private enterprises, which will have an impact of 1+1>2. Let's wait and see!

Sunwise, a high-tech private enterprise that was involved in the early hydrogen industry to promote hydrogen applications, has for 16 years been rained and ploughing in silence, and has always left behind a series of solid steps. Whether the Beijing Summer Olympics or the Shanghai Expo, the Xinjiang Urumzi Hydrogen Station at the highest latitude in the country, or the Inner Mongolia Haiga Hydrogen Station at minus 10 degrees centigrade, left a clean face and sweat on Sunwise. These proud achievements cannot be achieved without a unique research and development team owned by Sunwise, all with more than 10 years of experience in hydrogen energy research, and with a cohesive and stable membership. An essential contribution has been made by playing a vital role in the development of local and industrial hydrogen standards at the national level.

SPIC is one of our five major energy companies, the world's 500 largest photovoltaic company, one of our three major nuclear power developers and the only energy company with more than 50 per cent of its renewable energy installed capacity. Guided by the five major development concepts of “innovation, coordination, green, open and shared”, with a distinct development character, clean development, innovative development and internationalization, and guided by the “2035 First Class Strategy”, SPIC identifies advanced energy technology developers, clean low-carbon energy suppliers, energy ecosystem integrators and works to build world-class clean energy enterprises that are globally competitive.

Hydrogen is carbon-free, environmentally friendly, clean secondary energy and is recognized by the international community as the best vehicle for renewable energy. Therefore, SPIC Sunwise is a national strategy for low-carbon emission reduction in response to energy change, building on the technical strength of the Sunwise research and development team, investing in the development of new industries, exploring a new pattern of hydrogen energy, and building a new business card for the successful transformation of mixed ownership!

Author: Sun-in

== sync, corrected by elderman ==

English edition of the original Chinese page. Historical statements, dates and figures are retained as published.