China Securities Network News (Wang Luo) On November 14, Sany Heavy Energy (688349) issued the Announcement on Foreign Investment and New Business Development. It plans to invest in the construction of Sany Jilin Changling Scenery Hydrogen Storage and Ammonia Digital Demonstration Project. The project will invest in the construction of scenery hydrogen storage and ammonia integration industry in Changling County, Songyuan City, and will build photovoltaic, wind power stations, transmission lines, hydrogen production and alcohol plants, storage and storage and transportation facilities, etc, the total investment is expected to be 6.5 billion yuan, and the final total project investment shall be subject to the actual investment.

Sany was established in 2008 and has been established for 15 years. It will be listed on the Shanghai Stock Exchange on June 22, 2022. The company is one of the "top 500 new energy enterprises in the world" and has been recognized as a "benchmark enterprise of intelligent manufacturing" by the Ministry of industry and information technology. In recent years, its market share has continued to increase, becoming the top ten wind power manufacturers in the world and the top five wind power manufacturers in China. The company's main business is the research and development, manufacturing and sales of wind turbines, wind farm design, construction, and operation management. It has a full range of unit research and development and production capabilities from 3.XMW to 11MW. At the Beijing International Wind Energy Conference and Exhibition held in October 2023, The company announced the world's largest onshore 15MW wind turbines and 13/16MW offshore wind turbines, maintaining a leading edge in the development of large megawatt turbines.

Sany Heavy Energy said that China is a major energy producer and consumer. Deepening the energy revolution and ensuring the security of energy resources are major events related to the national economy, people's livelihood and national security. Achieving the carbon peak in 2030 and achieving the double carbon goal of carbon neutrality in 2060 will guide the development direction of China's new energy industry. The rapid development of clean energy such as wind energy and solar energy will also enable the transformation and upgrading of the modern chemical industry, giving birth to new industries, new formats and new models.

Public information shows that national policies support the long-term development of the hydrogen energy industry. In March 2022, the National Energy Administration issued the "Medium and Long-term Plan for the Development of the Hydrogen Energy Industry (2021-2035)". By 2025, a hydrogen energy supply system based on industrial by-product hydrogen and the nearby use of hydrogen from renewable energy will be established. In August 2023, the National Standards Commission and the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecological Environment, the Ministry of Emergency Management, the National Energy Administration and other departments jointly issued the ''Guidelines for the Construction of the Hydrogen Energy Industry Standard System (2023 Edition) ''. The first guide for the construction of a standard system for the entire hydrogen energy industry chain at the national level. In October 2023, the National Development and Reform Commission and the National Energy Administration issued the ''Guiding Opinions on Strengthening the Stability of the Power System under the New Situation'', proposing to actively promote the construction of new energy storage and give full play to the advantages of various new energy storage such as hydrogen energy storage. Combining application scenarios to build a diversified and integrated development model of energy storage, improve the level of security and overall efficiency.

trinity energy means that hydrogen energy is mainly divided into gray hydrogen, blue hydrogen and green hydrogen according to the different production methods and carbon emissions. The "green hydrogen" industry has the advantages of high energy, high efficiency, high reduction, and renewable. It is regarded as the most promising clean energy in the 21st century and an important raw material for metallurgical industry and petrochemical industry. It is one of the important choices of energy strategies in the world.

Sany Heavy Energy's new business this time is based on the company's long-term development strategic plan, which will help further optimize the business structure, broaden the business layout, and continue to strengthen the company's core competitive advantages, improve the effectiveness of industrial coordination, and ensure the company's overall The realization of strategic goals. The construction of the project will provide strong support for the regional carbon peak and carbon neutrality, which is of strategic significance to the regional ecological revitalization and transformation.