Shunfeng International Clean Energy Ltd. (SFCE), announced its strategic cooperation agreement with the NARI Group Corporation (NARI), a subsidiary of the State Grid, marking a significant step forward in the energy sector with regards to cooperative work between an energy infrastructure company and a clean energy solutions provider. Under the agreement, SFCE and NARI Group will focus on joint development and deployment of the cutting-edge technologies and commercialized applications in clean energy sector, total collaboration in the PV power plants development and construction, and co-promotion of smart city and low carbon solutions around the world.
"SFCE is proud to announce our cooperation with the NARI Group, as we continue to expand our operations' reach and grow our portfolio into the clean energy and low carbon sector," said Eric Luo, CEO of SFCE. "Our cooperation with the NARI Group will push forward the adoption and implementation of our cutting-edge clean energy technologies and applications, as well as our unique energy-saving solutions, helping to transform traditional energy infrastructures and energy efficiency to drive the development of cleaner and smarter cities via our optimized total clean energy integrations. I am confident both companies will benefit from the leading positions of each other and further expand the width and depth of the cooperation for a win-win prospect."
According to the cooperation agreement, both SFCE and NARI agree to establish a frequent dialogue mechanism among the top management to enhance the exchange and cooperation in the business development and financial management. The cooperation between the two companies include the full-scale synergies in clean energy technologies and commercialized applications, such as photovoltaic power generation, battery and energy storage systems, electric vehicles and charging networks, geothermal power generation, sea water power technology, and moreover expand further to cover the key project construction, operation and maintenance in the areas of smart city, smart grid and all the associated application sectors.
They also agree to strive the cultivation and promotion of the energy saving solutions through in-depth cooperation in carbon omission reduction, carbon trade, energy efficiency, high efficiency lighting system as well as resource recycling to better protect the environment.
"As a member company of the State Grid, NARI Group is the China's largest supplier of electric power equipment, and we are committed to providing innovative electrical equipment and complete solutions for global clients," said Xi Guofu, General Manager of NARI Group Corporation. "Our cooperation with SFCE, a global leader in clean energy technology and integrated solutions, will drive the promotion and commercialization of clean energy as a viable power alternative. Under our commitment to independent innovation, we have achieved leading global research into such areas as UHV and smart grid, as well as established ourselves as a leader in power grid dispatching, automation control, EHVDC transmission, flexible alternating current, etc. In this respect, we share much in common with SFCE as we are both technology integrators, which provides a solid foundation for long-term and innovative cooperation."
