On December 20th, global new energy asset operator NASDAQ: NAAS and its subsidiary Hong Kong Optoelectronics and Shanxin Energy (01250. HK) reached a strategic cooperation agreement, and the signing ceremony was held at the Hong Kong Science Park. Both sides will leverage their own resources, technology, and experience, collaborate with their respective ecological partners, and carry out comprehensive cooperation in the field of new energy in both domestic and international markets, covering photovoltaic project development, charging station construction and operation, smart microgrid system construction, etc., to help promote low-carbon and green development in various regions.
Wang Yang, founder and CEO of Nenglian Zhidian, said, "This cooperation with Shanxin High tech Energy will help us explore the new energy service market, deeply participate in the division of labor and cooperation in the new energy industry chain, and contribute to the green transformation of Jiaotong Energy by creating more replicable and promotable solutions and model cases, ultimately achieving the goal of 'making everyone use green energy'."
Prior to this, Nenglian Zhidian and Hong Kong Optoelectronics had participated in the construction of multiple new energy projects. Nenglian Intelligent Power Construction Zhejiang Anji Heavy Truck "Light Storage Charging and Swapping" Integrated Station Model Project, which can provide charging and swapping services for 1800 heavy-duty trucks and small new energy vehicles in Anji County, and achieve intelligent integrated application of various energy forms such as photovoltaic power generation, energy storage, charging and swapping; Hong Kong Optoelectronics is building a solar power generation system project for Times Square in Causeway Bay, Hong Kong. The project has an installed capacity of 55.1KW, providing clean and green solar energy supply for Times Square.
According to data from the China Association of Automobile Manufacturers (CAAM), from January to November 2023, China's production and sales of new energy vehicles reached 8.426 million and 8.34 million, respectively, with a year-on-year increase of 34.5% and 36.7%, and a market share of 30.8%. In November, the production and sales of new energy vehicles both exceeded the million mark; The China Association of Automobile Manufacturers (CAAM) predicts that the sales of new energy vehicles in China will reach 11.5 million units in 2024, with a potential penetration rate of 40%. The Energy Chain Research Institute predicts that the sales volume of China's new energy vehicle market will reach 26 million units by 2030, with a total ownership of nearly 145 million units.
According to CIC Brilliance Consulting, it is estimated that by 2030, the number of public charging stations in China will reach 26.3 million, and the number of charging stations in China will reach 1.32-2.6 million. The cumulative investment scale of charging stations is close to 3 trillion yuan, and the new energy service market has huge development space.
Nenglian Zhidian is the first charging service company in China, providing one-stop services for the entire new energy industry chain, including charging station site consultation, software and hardware procurement, EPC engineering, operation and maintenance, energy storage, photovoltaic, automatic charging robots, etc. In the third quarter of 2023, Nenglian Zhidian had a charging capacity of 1.383 billion kilowatt hours, accounting for 21.8% of the national public charging capacity. As of September 30, 2023, it covered 73000 charging stations and connected 767000 charging guns.
Hong Kong Optoelectronics is a one-stop solar energy storage and charging service provider under the Energy Chain Smart Power. In the photovoltaic field, it is a solar energy service provider for residential and commercial rooftops in Hong Kong, with a market share of 35% in Hong Kong. It has completed large-scale projects such as the design and construction of solar power stations for the Hong Kong Stock Exchange, the third runway of Hong Kong International Airport, the Hong Kong Jockey Club, Link REIT, COSCO Container Terminal, and Times Square in Causeway Bay. Hong Kong Optoelectronics has launched new energy vehicle charging services for the Hong Kong region through the NaaS HK brand, including "charge once", "install once", and "rent once".
Shangao New Energy is a state-owned holding and listed company on the Main Board of the Hong Kong Stock Exchange, jointly established by Shandong Expressway Group under the State owned Assets Supervision and Administration Commission of Shandong Province, Beikong Water Group under the State owned Assets Supervision and Administration Commission of Beijing Municipality, and CITIC Industrial Fund. The company's main business is investment, construction, and operation of clean energy power generation and clean heating, such as wind power and photovoltaics. The company's asset size exceeds HKD 50 billion, with 54 centralized photovoltaic power stations, 18 wind power stations, and more than 200 distributed photovoltaic power stations in 23 provinces (regions, cities) across the country. The total installed capacity exceeds 4GW, the annual power generation exceeds 6 billion kilowatt hours, the annual carbon emissions reduction is nearly 5 million tons, and the clean heating area is about 50 million square meters.