News

On January 1, the 100MW/200MWh energy storage project in Wuwei, Anhui, developed by Global Logistic Properties Ltd.(GLP), was successfully connected to the grid.

Recently, the 12th Saudi Arabia Smart Grid Conference (SASG 2024) was held in Riyadh, Saudi Arabia. Linyang Energy, in partnership with Energy Care Company (ECC), was honored to attend the summit as a featured signing enterprise.

On December 3, Zhuangzhi Fang, Senior Vice President of Linyang Energy, attended the BloombergNEF Summit in Shanghai, where he participated in an in-depth dialogue on the theme "Optimizing Clean Energy Revenue Amid Reform Turbulence". Mr. Fang shared insightful strategies for addressing the impact of renewable energy integration into electricity markets on the industry's outlook.

On the occasion of Indonesian President Prabowo’s recent visit to China, a strategically significant signing ceremony between leading Chinese and Indonesian companies took place in Beijing. Linyang Energy(601222.SH) signed Memorandums of Understanding(MOU) with Indonesia’s Arsari Group and PT Perusahaan Listrik Negara(PLN), marking a new milestone in collaborative efforts to drive sustainable development.

On November 11, Linyang Energy announced its “2024 Q3 Profit Distribution Plan” and “2024 Efficiency, Quality and Return Enhancement Action Plan.”

On November 5, Linyang Energy announced that its wholly-owned subsidiary, Linyang Energy Technology (Shanghai) Co., Ltd. ("Linyang Shanghai"), has signed a smart meter sales contract with Saudi Energy Care Company ("Saudi ECC"). The agreement is worth $13.66 million USD (approximately 96.98 million CNY).