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State Companies Ramp up Efforts in Hydrogen Power for Green

An employee charges a hydrogen-powered truck at a station in Tangshan, Hebei province, in April. [Photo/Xinhua] More than one-third of centrally administered State-owned enterprises have geared up to tap China''s hydrogen power development to cut emissions and achieve sustainable development, a government official said.

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The 4th China Enterprise Forum Held in Shandong

The 4th China Enterprise Forum was held in Jinan, capital city of China''s Shandong Province, on Sept 24. [Photo/sasac.gov.cn] On Sept 24, the 4th China Enterprise Forum (CEF) was jointly held by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the All-China Federation of Industry and

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About Us

The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is an institution directly under the management of the State Council. It is an ad-hoc ministerial-level organization directly subordinated to the State Council.The Party Committee of SASAC performs the responsibilities mandated by the Central Committee

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Comprehensive review of development and applications of hydrogen energy

Hydrogen energy technology is pivotal to China''s strategy for achieving carbon neutrality by 2060. A detailed report [1] outlined the development of China''s hydrogen energy industry from 2021 to 2035, emphasising the role of hydrogen in large-scale renewable energy applications. China plans to integrate hydrogen into electrical and thermal energy systems to

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China emerging as energy storage powerhouse

A technician inspects a turbine at a wind farm in Hinggan League, Inner Mongolia autonomous region, in May 2023. [WANG ZHENG/FOR CHINA DAILY] China''s power storage capacity is on the cusp of growth, fueled by rapid advances in the renewable energy industry, innovative technologies and ambitious government policies aimed at driving

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DEC Completes World''s First Carbon Dioxide+Flywheel Energy Storage

It represents a leapfrog development in engineering application of a new type of energy storage technology in China. (DEC), and several other enterprises and universities. Covering an area of 1,800 square meters, about 2.5 times as large as a football pitch, the project has an energy storage scale of 10 megawatt/20 megawatt-hours and can

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sasac develops new energy storage

sasac develops new energy storage . POWERCHINA to Play a Role in Construction of World''''s Largest Power Storage Project . POWERCHINA''''s SEPCOIII Electric Power Construction Co., Ltd. and Huawei''''s digital energy technology branch sign an agreement on providing a smart storage system to the new town by the Red Sea in Saudi Arabia at the Global

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Energy China Group Powers up GBA Development

China Energy Engineering Group Co., Ltd. (Energy China Group) has played a key role in major energy projects in the Shenzhen Special Economic Zone since its establishment 40 years ago, as well as in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), which was set up in 2019.

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Press conference on reform and development of state-owned

Second, concrete measures have been taken to pursue the high-quality development of SOEs, and remarkable results have been achieved in fostering world-class enterprises. We have been following the new development philosophy in a complete, accurate and comprehensive manner, and put more emphasis on the requirements for high-quality

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State-Owned Enterprises Enter New Energy Vehicle Market with

During the National People''s Congress on March 5, Zhang Yuzhuo, the head of the State-owned Assets Supervision and Administration Commission (SASAC), announced significant news: The development of new energy vehicles by state-owned enterprises is not progressing as rapidly as it is for Tesla (NASDAQ: TSLA) and BYD (002594.SZ).

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SASAC: Goals of 3-year action plan to be ''fully achieved''

4 · China''s centrally administered State-owned enterprises should accelerate steps to push forward mixed-ownership reform, make breakthroughs in key and core technologies and promote digital transformation, as the main task of the three-year (2020-22) action plan for SOEs is expected to be finished in the first half, the country''s top State-asset regulator said.

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SOEs Set Roadmap for Rapid Transformation

As China embraces a new era of growth driven by sustainability and innovation, State-owned enterprises from other industries have deployed more resources and manpower in strategic emerging industries, including artificial intelligence, high-end manufacturing, new energy, new materials, "new infrastructure" and biotechnology to pursue

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SASAC: taking industries such as new energy vehicles as new

[SASAC: regard new energy vehicles and other industries as new economic growth points] Tan Zuojun, member of the party committee and deputy director of the State-owned assets Supervision and Administration Commission of the State Council, said at the fourth China Enterprise Forum on September 24 that it is necessary to vigorously deepen the reform

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China Datang Corporation Gears up Low Carbon Transformation

It''s worth noting that research on coupling of the green hydrogen and the coal chemistry industries is expected to play a demonstrative role in construction of large-scale wind-solar hydrogen production, development of new-type energy storage technology and industrial application of green hydrogen in the region.

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CGDG Makes Its Mark in Green Energy Projects

Liquid air energy storage technology is a new method to achieve deep consumption of new energy such as wind and solar energy and grid connection, rationally absorb low-peak power and different forms of waste heat resources in the grid, and output with stability various forms of energy such as cold, heat, electricity and industrial gas when needed.

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SASAC establishes the Bureau of Social Responsibility

The SASAC has successively issued the Guidelines to the Central State-owned Enterprises Directly under the Central Government on Fulfilling Corporate Social Responsibilities, the Outline for the Implementation of the Harmonious Development Strategy During the Twelfth Five-Year Plan Period of Central State-owned Enterprises, the Guiding Opinions

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Announcement and Policy

Announcement Made Establishing China Electrical Equipment Group Co., Ltd. September 25, 2021. With the approval of the State Council, the newly-launched China Electrical Equipment Group Co., Ltd. will be listed among the enterprises that the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) will perform the investor''s

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Statistics

Economic performance of State-owned and State-holding enterprises in Q1 2018-04-27. The State-owned and State-holding enterprises (hereinafter referred to as State-owned enterprises or SOEs) saw a good and steady economic development in the first quarter of 2018. The solvency and profitability improved over the same period of last year.

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New Energy Storage Technologies Empower Energy

Development of New Energy Storage during the 14th Five -Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system. The Plan states that these technologies are key to China''s carbon goals and will prove a catalyst for new business models in the domestic energy sector. They are also

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Central SOEs Beef up Innovation

The accelerating application of 5G technology has led to the emergence of new industries and new modes of business. A number of Chinese enterprises are currently leading the world in 5G R&D and applications, said Liu Liehong, chairman of Beijing-based China Unicom. "China''s 5G construction has made remarkable breakthroughs.

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Power Firms Expand Renewables Footprint

They are playing a greater role in injecting strong momentum into sustainable local economic and social development, he added. In addition to solar and wind power, sectors including energy storage, hydrogen energy, carbon capture, utilization and storage (CCUS) and integrated energy also possess massive development opportunities, Luo said.

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About Sasac develops new energy storage enterprises

About Sasac develops new energy storage enterprises

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