Shanghai Electric and Siemens Energy have agreed establish a smart energy empowerment centre, which aims to integrate artificial intelligence, industrial IoT and the value chains of China’s energy industry.
The two companies signed the agreement at the recently-concluded China International Import Expo (CIIE) held in Shanghai. The cooperation aims to build a smart energy empowerment centre that can serve domestic and global energy industries.
With the goal to continuously innovate on industrial digital technologies, the new smart energy empowerment centre will comprise of a virtual-real digital experience centre and an industrial incubator cooperation platform.
“It will provide high quality industrial internet digital service for energy customers on the basis of the core high-end energy equipment industry of the parent company,” said Shanghai Electric in a statement.
Shanghai Electric and Siemens Energy collaboration marks another step forward for the overall upgrade of China's energy industry. According to the Chinese power company, the latest partnership with Siemens Energy is part of a bid to further expand its business scope and advance the ecosystem of its smart energy business.
Shanghai Electric is one of the largest manufacturers in China and operates businesses across various sectors. A leader in the fields of traditional thermal and renewable energy equipment manufacturing, it has long focused in the fields of energy and industrial equipment, and integration services. It also stands out in the wind power sector with its offshore wind power equipment taking up the majority of market shares.
On the other hand, Siemens Energy is a leading energy technology company, which covers almost the entire energy value chain – from power generation and transmission to storage. Its solutions portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers.