According to the Zhitong Finance App, Keller Co., Ltd. (301070.SZ) issued an announcement. On November 17, 2023, Keller New Energy Technology (Shanghai) Co., Ltd. (“Keller New Energy”), a wholly-owned subsidiary of the company, and the Yangtze River Delta Branch of Beijing Jingneng Technology Co., Ltd. (“Jingneng Technology Yangtze River Delta Branch” for short), carried out strategic cooperation on development, construction, and scientific and technological innovation in the field of new energy, and signed a “strategic cooperation framework agreement” in this regard.

The two sides plan to deepen cooperation in industrial and commercial energy storage and photovoltaic industries based on the new energy sector, including but not limited to the fields of scenario development, project investment, virtual power plant applications, and technology research and development. Furthermore, the two sides focus on new technologies, new business formats and models in the energy sector, focusing on the country's energy transformation and development and science and technology innovation strategies, and deepening cooperation in science and technology innovation. The two sides jointly formed a joint working group to organize special meetings from time to time to coordinate major cooperation matters. The two sides agreed to initially use “integrated energy coordinated investment” as an opportunity for cooperation and gradually expand to other areas of cooperation.

Jingneng Technology Yangtze River Delta Branch is a wholly-owned branch of Beijing Jingneng Technology Co., Ltd. (“Jingneng Technology”). It mainly focuses on the development, investment, construction and operation of the new energy sector in the Yangtze River Delta region. Beijing Jingneng Technology Co., Ltd. is a wholly-owned subsidiary of Beijing Energy Group Co., Ltd. (hereinafter referred to as “Beijing Energy”). Beijing Energy is a well-known integrated energy service enterprise in China. It is a wholly-owned subsidiary of the Beijing Municipal State-owned Assets Administration Commission. It is committed to becoming a first-class integrated energy enterprise in China during the “14th Five-Year Plan” period. Currently, the company has 50 holding and participating enterprises.

Keller New Energy is a wholly-owned subsidiary of the company responsible for industrial and commercial energy storage development, investment and operation. The company focuses on providing customized and systematic “green industrial development” overall service solutions for various industrial and commercial customers. Keller New Energy has now signed a strategic cooperation framework agreement with the Yangtze River Delta Branch of Jingneng Technology. The two sides will give full play to their respective industrial resource advantages and technical advantages and carry out in-depth cooperation based on the new energy and new energy storage industry chains to further enhance the company's position in the industrial and commercial energy storage industry and enhance the company's overall competitiveness.