#China #Shanghai #Shanghai Electric #Siemens #energy transformation

Shanghai Electric and Siemens Forge New Partnership for Energy Transformation

In an effort to accelerate the transition towards a sustainable energy future, Shanghai Electric (SEHK: 2727, SSE: 601727) and Siemens AG have signed a landmark framework agreement during the 8th China International Import Expo (CIIE). This agreement focuses on the 'Smart Grid' project, which aims to procure equipment for a new medium and low-voltage energy system. Both companies are committed to leveraging their unique strengths to deepen innovation in power systems, enhance digitalization, and support China’s ambitious carbon reduction goals.

The partnership aims to create a collaborative environment for bringing forth advanced technologies essential for modernizing energy infrastructure. By aligning their efforts, Shanghai Electric and Siemens intend to establish sustainable reference projects that will set benchmarks in the energy sector for future developments. The signing of this agreement is not merely a formal step; it indicates a proactive stance by Shanghai Electric in the global energy transformation landscape and highlights the shared strategic vision of both companies in driving low-carbon and digital development initiatives.

"Our partnership with Siemens is founded on decades of mutual trust and successful joint ventures," stated Zhu Zhaokai, President of Shanghai Electric Group. "This agreement marks a significant milestone in our collaboration, paving the way toward building smart and green energy systems. We are eager to work more closely with Siemens to develop reference projects for a greener energy network."

Siemens Energy also expressed its dedication to the partnership, emphasizing China's critical role in the global energy transformation journey. The company reaffirmed its commitment to working alongside Shanghai Electric to create cutting-edge equipment and integrated solutions, with the goal of executing more 'lighthouse projects' that showcase China's innovations in constructing a sustainable energy future.

=== Key Highlights of the Partnership ===

The long-standing collaboration between Shanghai Electric and Siemens goes back over 30 years, during which both companies have set industry standards in China's power transmission and distribution sector. Recent milestones in their partnership include:

• - April 2025: Signing of a strategic cooperation agreement to bolster energy transmission and distribution, digitalization, and low-carbon economic initiatives.
• - July 2025: A visit from Karim Amin, a Siemens Energy Executive Board member, to explore synergies in energy technologies, system integration, and global market development.

This new agreement is expected to accelerate the green transformation of energy systems and solidify Shanghai Electric's leading position in the transmission and distribution equipment sector. It will also unlock new opportunities for international collaboration.

As both companies move forward, they view this agreement as the starting point for deepening their strategic cooperation. Future endeavors will involve exploring integrated applications across various industry scenarios and tapping into partnerships for cutting-edge equipment. The focus will be on creating reference projects that advocate sustainable low-carbon development.

Through the 'Shanghai Electric Solutions', both companies will provide reliable and progressive solutions to support energy transformations not only in China but worldwide. Their joint commitment highlights the importance of collaboration in addressing the pressing challenges of energy sustainability and climate change.