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On September 3, 2024, China Energy Engineering Corporation's Shanxi Institute's general contracting project, China's first grid-side flywheel energy storage frequency regulation power station—the Dinglun Energy 30 MW flywheel energy storage project—successfully grid-connected and generated electricity. The project consists of a 30 MW flywheel energy storage frequency regulation power station and its supporting facilities, which are composed of 12 sets of flywheel energy storage frequency regulation units. Each unit contains 10 high-speed magnetically levitated flywheels, related auxiliary, drive and control systems, and a step-up converter integrated prefabricated cabin. Flywheel energy storage technology has significant advantages such as fast continuous charging and discharging, precise power regulation, low lifecycle cost, no pollution, and reliable equipment safety.
Recently, our company learned that some individuals, taking advantage of their familiarity with and access to the company's trade secrets, have spread false statements about our company through online channels, phone calls, and text messages. These actions have maliciously damaged our company's reputation and even involved personal attacks and defamation against our shareholders and senior executives, causing extremely negative impacts on our company. Regarding this matter, our company makes the following solemn statement:
On August 16, 2023, Shanxi Dewang Energy-Saving Technology Co., Ltd. received the "Winning Bid Notification" (SXED-HD-DLCN-CGB-2023-004) for the 30MW flywheel energy storage project EPC general contracting engineering mechanical ventilation cooling tower procurement from Dinglun Energy Technology (Shanxi) Co., Ltd., package number "00", confirming the winning bid for the 30MW flywheel energy storage project EPC general contracting of Dinglun Energy Technology (Shanxi) Co., Ltd.
Two 60MW natural ventilation convective towers, designed, manufactured, and installed by our company in Yulin, Shaanxi Province, are expected to start generating electricity by the end of this year for the first phase. The second phase is still under construction.
Recently, the Shanxi Provincial Small and Medium-sized Enterprise Development Promotion Bureau announced the list of "specialized, refined, and new" SMEs in Shanxi Province in 2022. Shanxi Dewang Energy-Saving Company, with its strong strength and professional technology, successfully passed the layers of review and was selected. In the same year, it won the "specialized, refined, and new" and provincial-level "specialized, refined, and new" "small giant" titles.
Working together towards the future, forging ahead to write a new chapter
On February 8, Dewang Energy Saving grandly held its 2020 Annual Performance Review and Commendation Conference. The conference aimed to review 2020 and look forward to 2021, thoroughly evaluating and reflecting on the achievements of various departments in 2020, and planning for the work in 2021.
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