PR90532

SHANGHAI, July 8, 2021 /PRNewswire=KYODO JBN/ --

Shanghai Electric ("Shanghai Electric" or "the Company") (601727.SS and

02727.HK) has been named one of the top 50 most valuable brands in China,

according to the latest "China's 500 Most Valuable Brands" list released by

World Brand Lab. The ranking shows Shanghai Electric's brand value has topped

RMB 145 billion in 2021, a 37.4% increase from last year, placing the company

at the forefront of the Chinese machinery industry. As a leading Chinese

enterprise that can trace its history back to 1902, the century-old

manufacturer has played a pivotal role in shaping technological evolution in

China and continues leading the technological innovation in accelerating the

energy transition to help build a greener and more sustainable future.

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Shanghai Electric Logo

Building a multi-dimensional energy ecosystem to achieve carbon peak and

neutrality goals

With renewable energy, energy storage and energy management system at the heart

of its technological focus, Shanghai Electric has been pursuing green

technologies that produce 100% renewable power while pioneering integrated

energy technologies and products that incorporate renewable energy, energy

storage and smart micro-grids. The Chongming Sanxing Town renewable energy

project powered by Shanghai Electric integrated clean energy solutions has

generated over 400MW of green electricity since it started operation in 2018

and reduced approximately 400 tons of CO2 emission.

Adopting "generation-grid-load-storage" dynamic control and management

technology, the Shantou Smart Energy Demonstration Project by Shanghai Electric

ensures a stable and high-quality power supply while fully taking advantage of

the abundant natural wind and solar resources in the region to achieve energy

balance and self-optimization. This allows the project to generate near 100%

renewable energy and reduce CO2 emissions by 6,500 tons per year.

Promoting win-win cooperation by bringing more value to customers

Set to become one of the world's most advanced solar parks equipped with the

highest concentrated solar power (CSP) tower upon completion, the Dubai project

constructed by Shanghai Electric implements the highest quality standards and

features the largest installed solar capacity.

In addition, as a main supplier of Hualong One (HPR1000) at Pakistan's Karachi

nuclear power plant, Shanghai Electric provides key equipment such as reactor

internals and steam turbine generator units to the plant. The project can

generate nearly 10 billion kWh of electricity per year, which meets the energy

consumption of 1 million local residents. It is equivalent to reducing 3.12

million tons of standard coal consumption and 8.16 million tons of CO2

emissions per year.

Shanghai Electric envisions a new digital urban management model built on a

foundation of robust digital technologies and flexible IT infrastructures. The

company's digital urban governance solution is designed to address the current

challenges facing urban management by combining the Internet of Things (IoT),

powerful digital tools and smart infrastructures to create a system that

enables cities to share resources. The system links the public sector service

to a smart city network, eliminating the data barriers existing between cities

to allow urban government and management systems to be more safe, efficient and

agile.

Digital empowerment accelerates technology innovation

Designed to optimise services for the high-end equipment sector, Shanghai

Electric's cloud-based scalable industrial Internet platform SEunicloud is

drawing on the company's industry experience and successful cases to develop a

diverse range of solutions including smart wind O&M, remote thermal power O&M,

after-sales services of machine tools, integrated management of energy storage

batteries, therapy robots, and distributed water treatment.

The platform has been deployed in 15 industry applications and focused on eight

industry solutions including digitalization of wind-solar-storage hybrid

energy, asset management of enterprise equipment, MOM digital factory,

intelligent environmental protection, covering over 100,000 smart devices with

a total value of RMB 140 billion.

Shanghai Electric's e-commerce and intelligent supply chain platform provide

Internet-based supply chain management services covering full upstream and

downstream business links from customers, suppliers, sales, delivery and

procurement. The one-stop platform offers all-around transaction protection and

serves as a pivotal trading site for energy services, equipment manufacturing

and industry-standard components.

"Against the backdrop of a new technological era powered by IoT, big data and

cloud technology, Shanghai Electric is focusing its strategy on intelligent

manufacturing and industrial digitalisation, building a unique industrial

ecosystem to empower the future of Smart Energy, Intelligent Manufacturing and

Smart City," said Zheng Jianhua, Chairman of Shanghai Electric.

Source: Shanghai Electric

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=395741

   Caption: Certificate that recognizes Shanghai Electric as one of the top 50 most

valuable brands in China issued by World Brand Lab on June 22.