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Shanghai Electric and Siemens Partner for Green Energy Transformation

On November 16, 2025, at the 8th China International Import Expo (CIIE), Shanghai Electric (SEHK: 2727, SSE: 601727) and Siemens AG officially signed a framework agreement targeting the enhancement of the medium- and low-voltage energy supply systems. This initiative is crucial for advancing China's dual CO2 goals and represents a significant push towards digitization and decarbonization in the energy sector.

Collaborative Efforts to Drive Innovation

The partnership between Shanghai Electric and Siemens aims to leverage their complementary strengths to accelerate market expansion and foster green transformation and intelligent upgrades of energy systems. The agreement emphasizes the importance of creating reference projects that underline the capabilities of sustainable power networks. Zhu Zhaokai, President of Shanghai Electric Group, stated, "This agreement marks a new milestone in our collaboration and is a vital step towards building intelligent, green energy systems.”

The synergy from this agreement is expected to generate mutual benefits and enhance Shanghai Electric's proactive role in the global energy transition while mirroring the shared strategic vision for a carbon-free and digitized economy.

Remaining Committed to a Sustainable Future

Siemens Energy highlighted China's pivotal role in the global transition towards sustainable energy solutions. The commitment to this venture underscores a concentrated focus on developing high-end equipment and integrated solutions tailored to tackle climate change challenges. Through this collaboration, both parties aspire to implement more 'lighthouse projects' that exemplify China's innovative spirit in establishing a sustainable energy future.

Having maintained a technological and market collaboration for over thirty years, Shanghai Electric and Siemens have set standards in the Chinese power transmission and distribution sector. Recent milestones include:

• - April 2025: Signing of a strategic cooperation agreement aimed at promoting power transmission, distribution, and digitization initiatives.
• - July 2025: Visit from Siemens Energy board member Karim Amin to discuss synergies in energy technology, system integration, and global market development.

This latest agreement is poised to further boost the green transformation of the energy system industry while strengthening Shanghai Electric's market leadership in transmission and distribution equipment. It also opens new avenues for international collaboration in the energy sector.

Strategic Cooperation and Green Development

Looking ahead, both parties intend to use this signing as a catalyst to deepen strategic cooperation. They will explore integrated applications across various industrial scenarios and utilize partnerships in high-end equipment to establish reference projects for sustainable, low-carbon development. Together, Shanghai Electric and Siemens are poised to deliver reliable, forward-thinking solutions that support the energy transition both in China and globally.

In conclusion, such collaborative efforts not only affirm the commitment of both companies to a greener energy landscape but also contribute significantly to addressing global environmental challenges. By combining their expertise and resources, Shanghai Electric and Siemens are set to pioneer advancements in sustainable energy technologies that will benefit generations to come.