A new beginning and a new chapter in the new year. CYG ET CO., LTD. (hereinafter referred to as "CYG ET") signed a strategic cooperation agreement with Jiangsu Linyang Yiwei Energy Storage Technology Co., Ltd. (hereinafter referred to as “Linyang Yiwei Energy Storage"), a subsidiary of Linyang Energy Co., Ltd. Relying on their advantages of technologies, resources and talents, they will have sincere cooperation to actively respond to the national policy of "carbon neutrality", jointly explore new development modes, and build a win-win and sustainable strategic partnership.
On January 5, CYG ET and Linyang Yiwei Energy Storage held a signing ceremony for strategic cooperation in Nanjing. Yang Bo, Deputy General Manager of Sales of Linyang Yiwei Energy Storage, and Chen Rui, Executive Deputy General Manager of CYG ET, signed the agreement on behalf of both parties. Fang Zhuangzhi, Senior Vice President of Linyang Energy, Shi Hongsheng and Zeng Fanpeng, Chairman and Chief Engineer of Linyang Yiwei Energy Storage respectively, Xu Chengbin, Qi Wei and Li Weijia, General Manager, Marketing Director, and Technical Director of Energy Storage Division of CYG ET respectively, and other relevant leaders attended the signing ceremony.
At the signing ceremony, both parties introduced their business layout, operation and development plans, and they were full of confidence in the good prospects of the comprehensive and long-term cooperation. According to the agreement, both parties will, based on the principle of in-depth mutual trust, long-term cooperation, complementary advantages and mutual benefits, and on the premise of complying with their respective strategic development concepts, form a long-term common development alliance with unified resource integration advantages, and jointly explore new business development modes to enhance their market competitiveness. The parties will build a business middle office for competitive comprehensive energy services in the digital construction mode of "data middle office + business application", and carry out all-round strategic cooperation in ecological applications such as energy storage application, intelligent power distribution and use, comprehensive energy, and carbon neutrality.
In 2022, the energy reform was unstoppable. CYG ET opened new avenues in the changing market, forging ahead and making innovation in the fields of power generation with new energy, energy storage microgrids, electric vehicle charging, business of carbon dioxide peaking and carbon neutrality, project EPC, etc. CYG ET focuses on new energy and new types of business related to energy, engage in PV, storage, charging and microgrids, distribution and transportation of comprehensive energy, and directional development and operation, and optimize the coordination of source network load, and promotes the low-carbon, safe and efficient development of the industry. CYG ET successfully won the bid for the Yarkant 200MW/800MWh energy storage project of Xinhua Hydropower in Kashgar, Xinjiang, and the number of EMSs incorporated into individual stations reached a new high. As of November 2022, Changyuan served about 180 energy storage power stations with a cumulative capacity of about 8700MWh.
Driven by the goal of carbon dioxide peaking and carbon neutrality, the energy storage industry found unprecedented opportunities for development while fulfilling their historical missions. In 2023, CYG ET will rely on the rich industry experience and technical advantages of CYG in the energy field, carry on the tradition and develop new business and products, join hands with Linyang Energy for common development, jointly promote the innovation of energy storage technologies and business modes, help build new-type power systems with new-type energy storage, and contribute to the achievement of the goal of "carbon dioxide peaking and carbon neutrality"!