#China #Shanghai #green technology #Shanghai Electric #Siemens

Shanghai Electric and Siemens Agreed to Accelerate Green Power Transformation

In a significant move towards sustainable energy innovation, Shanghai Electric and Siemens AG have established a framework agreement aimed at enhancing the medium- and low-voltage power systems in China. The agreement, dubbed the "Intelligent Grid – Medium-Low Voltage New-Type Power System Equipment Procurement Project," was signed during the prestigious 8th China International Import Expo (CIIE) and underscores both companies' commitment to advancing the dual-carbon goals of China. This partnership is pivotal in accelerating the green transformation of the power infrastructure, emphasizing decarbonization and cutting-edge digitalization.

The agreement allows both Shanghai Electric and Siemens to consolidate their strengths, aiming to foster market expansion and intelligent upgrades in their respective sectors. The collaboration aims to yield mutual benefits, enabling the creation of benchmark projects within the burgeoning sustainable power grid landscape. Zhu Zhaokai, President of Shanghai Electric Group, highlighted that this agreement represents a momentous evolution in their longstanding partnership, building on decades of trust and cooperation. He expressed eagerness to deepen ties with Siemens to craft groundbreaking projects for an environmentally-friendly power grid.

Denis D'Astier, a Siemens Energy representative, pointed out the critical role China plays in global energy transitions. He accentuated the companies' shared objective of developing high-end equipment and integrated solutions that could serve as