Recently, Zhengtai Green Energy Industry Eco-Group signed two major strategic cooperation agreements with Octopus Energy, one of Europe's largest renewable energy investment and retail giants, focusing on new energy equipment, engineering services and digital energy technology. We will expand our cooperation in renewable energy infrastructure and virtual power plant (VPP) solutions, and work together to promote the global green and low-carbon transformation process.
Octopus Energy is a global clean energy technology company dedicated to building an affordable and sustainable future green energy system. Its own retail energy brand has provided first-class customer service and cutting-edge energy products to 11 million households worldwide. The company's business covers 27 countries, covering the whole energy industry chain. Relying on intelligent electricity price mechanism and innovative clean technology, we will continue to promote comprehensive electrification in the field of heating and transportation. The company operates a renewable energy portfolio of 7 billion pounds, as well as mature businesses such as electric vehicle rental, air source heat pump and photovoltaic. With financial support from pension funds, professional investment institutions and energy industry giants, Octopus Energy's business lines continue to provide more affordable low-carbon energy products and cutting-edge energy technologies to markets and users around the world.
According to the first cooperation agreement, relying on the synergistic advantages of the whole industrial chain of Zhengtai Group, Zhengtai New Energy, Zhengtai Power Supply and Zhengtai New Energy will carry out all-round and in-depth cooperation with Octopus Energy in the field of renewable energy project development. Zhengtai will export all kinds of renewable energy supporting equipment . It covers high-efficiency photovoltaic modules , inverters, energy storage systems, transformers, smart meters, cables and charging solutions for new energy vehicles. At the same time, the two sides can synchronously provide integrated EPC services of engineering, procurement and construction according to specific project needs, so as to ensure the efficient and high-quality delivery of new energy projects throughout the process.
Chint has the capability of integrated manufacturing and engineering services, while Octopus Energy is deeply engaged in the field of new energy development and integrated energy services. Both parties will integrate their respective advantages to create an efficient, reliable and scalable clean energy solution for follow-up projects.
According to the second cooperation agreement, Zhengtai Anneng and Octopus Energy will carry out all-round cooperation on virtual power plants (VPP) in the Chinese mainland market. The cooperation focuses on digital energy applications such as distributed energy aggregation, demand side response, and smart energy management . Relying on the deep insight of Zheng Tai'an Energy into the domestic energy market and the global mature experience of Octopus Energy in the field of smart energy technology and virtual power plant operation, the two sides will jointly explore innovative business models and demonstration pilot projects to help build a more flexible, digital and resilient power system. Dr. Lu Chuan, Director
of Chint Group and Chairman and President of Chint New Energy, said, The strategic cooperation with Octopus Energy is an important step for Chint to expand global partners and accelerate innovation in the field of clean energy. We will give full play to Zhengtai's full chain advantages in equipment manufacturing, engineering delivery, energy infrastructure construction and other fields, and combine Octopus Energy's expertise in digital energy solutions to create long-term value for customers and help the green transformation of the global energy structure. Greg Jackson, founder and CEO
of Octopus Energy, said, "Building a future-oriented green energy system is inseparable from the support of top hardware and cutting-edge technology.". Through the cooperation with Chint, we have been able to integrate these two core resources on a large scale. Whether it is accelerating the construction of energy infrastructure in Europe or implementing innovative virtual power plant projects in China, we are using practice to prove to the world that the future energy will be digital, flexible, green and low-carbon.
As the core sector of intelligent manufacturing of photovoltaic modules of Zhengtai Group, Zhengtai Xinneng has been deeply engaged in the n-type TOPCon technology track for many years, and has accumulated profound technological advantages and industrial experience in the field of research and development of high-efficiency photovoltaic modules and intelligent manufacturing. With excellent technical strength, stable product quality and excellent reliability performance, Zhengtai Xinneng will provide core component support for Octopus Energy's new energy projects at home and abroad, and build a sustainable green energy future.
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