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SHANGHAI ELEC GP UNSP/ADR (SIELY) is a prominent player in the energy sector, specializing in cutting-edge nuclear power technology. Shanghai Electric, a key participant in the world's first nuclear power plant project to feature Gen IV nuclear power technology, recently achieved a milestone with the successful commercial operation of the Shidaowan High-Temperature Gas-Cooled Reactor Pebble-bed Module (HTR-PM) demonstration project. This groundbreaking project marks China's advancement in nuclear energy innovation, emphasizing safe, reliable, and sustainable power sources to support carbon neutrality goals. Shanghai Electric's contributions to the project include supplying essential equipment such as reactor pressure vessels, turbines, and control systems, showcasing its expertise in the industry. With a focus on HTGR technology, Shanghai Electric is at the forefront of developing safer and more efficient nuclear power solutions, solidifying its position as a leader in the global energy sector.
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Shanghai Electric's solar arm Nency Solar receives IEC certifications for its n-type dual-glass photovoltaic module, marking a significant stride in solar technology advancement. The company continues to invest in R&D to boost innovation and increase its presence in the renewable energy industry, aiming to develop more efficient, reliable, and high-performance solar products. The module boasts a power output of up to 630W, an efficiency rate of 3%, and high bifaciality, with advantages including a low-temperature coefficient, low light-induced degradation (LID), and low potential-induced degradation (PID), improving its versatility and long service time, as well as durability in extreme weather conditions. The release of the solar module underscores Shanghai Electric's autonomy in PV production and development, fueling its drive towards green, low-carbon, and high-quality development, and laying an important groundwork for global expansion.
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Shanghai Electric (SEHK:2727, SSE:601727) announced the successful launch of the 100MW/100MWh REP1&2 Energy Storage Station project in Kent for commercial operation, marking its first large-scale overseas energy storage project. Additionally, the Fiskerton II-A solar project, the final one of the eight solar projects in Lincolnshire, has been connected to the grid. These projects are expected to enhance the efficiency, reliability, and sustainability of the power system in the UK.
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Shanghai Electric (SSE:601727) co-constructs the world's first Gen IV nuclear power plant, Shidaowan HTR-PM, which has entered commercial operation after successful testing. The project positions China at the forefront of nuclear energy innovation, offering safe, reliable, and sustainable power solutions to facilitate its carbon peak and neutrality target.
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Shanghai Electric (SEHK:2727, SSE:601727) showcased its innovative green energy solutions at the opening ceremony of the China Corner at COP28, emphasizing its commitment to global sustainable development and climate governance. The company's 4+2+X development strategy focuses on reducing carbon emissions and building zero-carbon industrial parks, with key smart industry solutions launched this year to support its ESG commitments. Shanghai Electric has undertaken key projects to support Dubai's Clean Energy Strategy, including the construction of the world's largest single-site concentrated solar power plant, Noor Energy 1, which will provide green energy for 320,000 households and reduce carbon emissions by 1.6 million tons annually.
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Shanghai Electric (SEHK:2727, SSE:601727) was honored at the Chinese Listed Companies Sustainable Development Conference for its remarkable performance in Environmental, Social, and Governance (ESG). The company's progressive strategies and unique insights have significantly contributed to the transformation of the ESG landscape in China. Shanghai Electric has been included in the Hang Seng Sustainable Development Series Index, with its ESG rating upgraded to 'A' by MSCI. The company has released Shanghai Electric's Dual-Carbon Action Plan to further advance its pledges for decarbonization.
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Shanghai Electric (SEHK:2727, SSE:601727) showcases six low-carbon energy solutions at Enlit Asia 2023, emphasizing clean coal-fired energy, solar energy, and hydrogen production. The company demonstrates its commitment to decarbonization and sustainability through innovative products and projects.
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Shanghai Electric (SEHK: 2727, SSE: 601727) and Johnson Controls Inc. ink a 'Carbon & Digital' Joint Laboratory Strategic Cooperation Agreement at CIIE 2023 to expedite the development of zero-carbon factories and industrial parks, aiming to enhance urban sustainability. The partnership aims to establish a green and low-carbon supply chain system, focusing on empowering the energy sector to improve efficiency and reduce carbon footprints.
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China has completed the world's first maritime renewable energy project that combines deep-sea floating wind energy and aquaculture. The project, developed by Longyuan Power Group with Shanghai Electric Wind Power Group, features three-column semi-submersible floating platforms and has the capacity to generate 96,000 kWh of electricity daily. This innovative convergence of wind power, photovoltaics, and aquaculture presents a new horizon for sustainable and green renewable solutions.
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Shanghai Electric showcased its offerings at the China International Industrial Fair 2023, focusing on smart energy, intelligent manufacturing, and digital intelligence integration. It demonstrated equipment manufacturing digital transformation results and innovative technologies for a zero-carbon future. Shanghai Electric signed strategic cooperation agreements, released smart industry solutions, and displayed integrated wind, solar, storage, and distribution smart energy solutions. It also showcased next-gen equipment technology across multiple industries. Shanghai Electric aims to promote zero-carbon development.
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Shanghai Electric Energy Storage Technology receives RMB400 million in Series A financing, focusing on research and development of new systems, industrial supply chain structure, and construction of 100Mbps stacks for energy storage systems. Post-investment valuation to exceed 2.2 billion yuan.
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FAQ
What is the current stock price of SHANGHAI ELEC GP UNSP/ADR (SIELY)?
The current stock price of SHANGHAI ELEC GP UNSP/ADR (SIELY) is $7.8 as of December 19, 2024.
What is the market cap of SHANGHAI ELEC GP UNSP/ADR (SIELY)?
The market cap of SHANGHAI ELEC GP UNSP/ADR (SIELY) is approximately 17.1B.
What is SHANGHAI ELEC GP UNSP/ADR known for?
SHANGHAI ELEC GP UNSP/ADR is known for its expertise in cutting-edge nuclear power technology.
What recent achievement has the company made?
The company recently achieved a milestone with the successful commercial operation of the Shidaowan HTR-PM demonstration project, showcasing its commitment to nuclear energy innovation.
What equipment did Shanghai Electric supply for the project?
Shanghai Electric provided essential equipment such as reactor pressure vessels, turbines, and control systems for the project.
What is the significance of the HTGR technology?
HTGR technology represents the fourth generation of nuclear power technology, offering inherent safety and versatility in power generation.
How does Shanghai Electric contribute to China's nuclear energy sector?
Shanghai Electric's contributions to the nuclear energy sector highlight China's efforts to lead in sustainable energy generation and technological innovation.
SHANGHAI ELEC GP UNSP/ADR