Country for PR: China
Contributor: PR Newswire Asia (China)
Saturday, November 21 2020 - 09:49
Shanghai Electric and Siemens Energy to Establish Smart Energy Empowerment Center
SHANGHAI, Nov. 21, 2020 /PRNewswire-AsiaNet/ --

Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's 
leading manufacturer and supplier of electric power generation equipment, 
industrial equipment and integration services, has reached another milestone 
and signed a collaboration agreement with Siemens Energy on smart energy 
empowerment center at the global China International Import Expo (CIIE) held in 

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The cooperation aims to build a smart energy empowerment center that can serve 
domestic and global energy industries. Based on continuously innovated 
industrial internet digital technology, the Shanghai Electric-Siemens Empower 
Center is establishing three high-tech business sectors, one virtual-real 
digital experience center and one industrial incubator cooperation platform. It 
will provide high quality industrial internet digital service for energy 
customers on the basis of the core high-end energy equipment industry of the 
parent company.

The Shanghai Electric and Siemens Energy collaboration marks another step 
forward for the overall upgrade of China's energy industry. The two companies 
aim to integrate artificial intelligence, industrial IoT and the value chains 
of the industry, in a bid to further expand the Company's business scope and 
advance the ecosystem of its smart energy business.

In addition to the agreement with Siemens Energy, the Company also inked deals 
at the CIIE with global top 500 enterprises. At the expo, it raked in import 
orders worth a total of nearly RMB 2.4 billion, about RMB 500 million more than 
last year.

Shanghai Electric is one of the largest manufacturers in China and operates 
businesses across various sectors. A leader in the fields of traditional 
thermal and renewable energy equipment manufacturing, the Company has long 
focused in the fields of energy and industrial equipment, and integration 
services. The Company also stands out in the wind power sector with its 
offshore wind power equipment taking up the majority of market shares.

Siemens Energy is one of the world's leading energy technology companies. With 
its portfolio of products, solutions and services, Siemens Energy covers almost 
the entire energy value chain – from power generation and transmission to 
storage. The portfolio includes conventional and renewable energy technology, 
such as gas and steam turbines, hybrid power plants operated with hydrogen, and 
power generators and transformers.

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Source: Shanghai Electric

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   Caption: Shanghai Electric and Siemens Energy to Establish Smart Energy 
Empowerment Center