Lüliang City to Shanghai: Honest Investment Promotion | Shanghai Electric Immediately Initiated Talks with Pengfei on Cooperation

Release Date:

2023-05-21

Shanghai Electric promptly entered into discussions with Pengfei regarding cooperation.

From May 10 to 14, a business‑attraction and investment‑promotion delegation from Lüliang City traveled to Shanghai and other locations to conduct on‑site assessments and explore investment opportunities, aiming to strengthen industrial linkages and foster corporate cooperation between Lüliang and the Yangtze River Delta region. On May 17, a delegation from Shanghai Electric Group promptly visited Lüliang and paid a courtesy call on Pengfei Group, engaging in in-depth discussions on hydrogen energy development and utilization, equipment manufacturing, wind‑solar‑storage‑hydrogen integration, and chemical industries, and reaching a series of preliminary agreements for collaboration.

At the Pengfei Pengwan Hydrogen Port Integrated Control Center, Zheng Peng, Chairman of the Board and President of Pengfei Group, engaged in an in-depth discussion with Zhang Hongbin, Head of the New Energy Development Department at Shanghai Electric Group. They jointly explored the future prospects of the clean energy sector and exchanged views on specific matters related to domestic and international strategic planning for the energy industry.

At the subsequent symposium, representatives from the Lüliang Municipal Investment Promotion Service Center and the Xiaoyi Economic Development Zone each delivered remarks, pledging to leverage their comparative advantages in resources, talent, and the business environment. They committed to providing an optimal investment climate for further deepening cooperation between Pengfei and Shanghai Electric, refining preferential policies to support the high-quality development of the hydrogen energy industry, and proactively offering tailored services. They expressed hope that the two parties would join forces to jointly advance the clean energy sector.

Zhang Hongbin outlined Shanghai Electric Group’s corporate development journey and highlighted its strengths and competitive advantages across key sectors, including energy equipment, industrial machinery, intelligent manufacturing, and digital‑intelligent integration. He noted that, following visits to the Pengfei Pengwan Hydrogen Port Industrial Park and the 5G‑enabled central dispatch and command platform, the professionalism of Pengfei’s operations and the industry‑leading scale of its projects were readily apparent. He expressed anticipation that the two parties will engage in collaborative partnerships in critical areas such as hydrogen energy and equipment modernization, while also pioneering new industries—including green synthesis of ammonia, methanol, and aviation fuel—thereby jointly advancing the deepening transformation and upgrading of the traditional energy sector.

Zheng Peng expressed strong endorsement of Shanghai Electric’s commitment to green and sustainable values, as well as the numerous areas of alignment in the two parties’ collaboration, and extended his sincere gratitude to the organizations that facilitated this partnership.

Zheng Peng stated that clean energy sources such as hydrogen hold vast potential for future development, and it is imperative for responsible, committed enterprises to take the lead in forging new pathways—whether in clean‑energy manufacturing, the promotion of application scenarios, or large‑scale deployment. Shanghai Electric and Pengfei each possess unique strengths at the upstream and downstream ends of the clean‑energy sector, respectively. The two companies aim to swiftly integrate Pengfei’s cutting‑edge new‑energy infrastructure equipment with Shanghai Electric’s capabilities, achieving complementary advantages and capitalizing on the current transition in the global energy landscape. By amplifying their respective strengths, they seek to establish a nationwide emerging industrial cluster for energy‑related electrical processing, fostering new industries, business models, and operational paradigms, and driving the energy revolution to expand further and more deeply.