September 25, South Grid Energy Storage announced that the company signed the Cooperation Agreement on Promoting Lijiang Yongsheng Pumped Storage Power Station Project with the People's Government of Lijiang City, Yunnan Province (hereinafter referred to as "Lijiang Municipal Government", Party a). According to the agreement, South Grid Energy Storage will lead the investment, development, construction and operation of Yongsheng Pumped Storage Power Station Project in Lijiang. According to
the data, the project power station is located in Yongsheng County, Lijiang City, and is a national medium and long-term planning project with a planned installed capacity of 1.8 million kilowatts and a static investment of about 9 billion yuan.