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SHANGHAI ELEC GP UNSP/ADR - SIELY STOCK NEWS

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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 has been recognized as one of China's 500 Most Valuable Brands, with a brand value of RMB 172.58 billion (USD 23.99 billion). The company is committed to advancing zero-carbon industrial park solutions and expanding its solution portfolios for greener power sources. Shanghai Electric has established Hengxi Photovoltaic Technology Co., Ltd to propel Nantong's new energy industry. The company also delivers low-carbon solutions through the Shanghai Institute of Mechanical & Electrical Engineering and provides intelligent manufacturing automation solutions. Shanghai Electric has completed a trial operation of a coal-fired power station and has been selected as the general contractor for renewable energy power station projects in Malaysia. The company has connected the Low Farm photovoltaic project in the UK to the grid.
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Shanghai Electric has maintained its position as the leading provider of offshore wind power in China for eight consecutive years, with a cumulative capacity of 7.05 GW. The company is advancing the Dubai Photothermal Photovoltaic Project in partnership with ACWA Power, marking a significant construction milestone. It is set to produce new electrolyzed water hydrogen generation equipment, enhancing China's hydrogen output and reducing costs. The strategic focus on multi-energy coupling and hydrogen integration is aimed at achieving a sustainable low-carbon energy system while cooperating with various regions, including Asia and the Middle East.

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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 $7.41 as of November 22, 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 18.2B.

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

OTC:SIELY

SIELY Rankings

SIELY Stock Data

18.20B
5.55B
Specialty Industrial Machinery
Industrials
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United States of America
Shanghai