Shanghai Electric and Siemens Energy are to establish smart energy empowerment centre, the companies announced at the recent China International Import Expo (CIIE) in Shanghai.

Shanghai Electric makes and supplies electric power generation equipment, industrial equipment and integration services.

The cooperation aims to build a smart energy empowerment centre that can serve domestic and global energy industries. Based on continuously innovated industrial internet digital technology, the centre plans to establish three high-tech business sectors, one virtual-real digital experience centre and an industrial incubator cooperation platform. It aims to provide industrial internet digital service for energy customers based on core high-end energy equipment.

The collaboration marks another step forward for the overall upgrade of China’s energy industry. The two companies want to integrate artificial intelligence, industrial IoT and the value chains of the industry, in a bid to expand Shanghai Electric’s business scope and advance the ecosystem of its smart energy business.

In addition to the agreement with Siemens Energy, Shanghai Electric also inked deals at the CIIE with top 500 enterprises. At the expo, it raked in import orders worth a total of nearly RMB2.4bn, about RMB500m more than last year.

Shanghai Electric is one of the largest manufacturers in China and operates businesses across various sectors. A specialist in the fields of traditional thermal and renewable energy equipment manufacturing, the company has focused on energy and industrial equipment, and integration services. It also participates in the wind power sector with its offshore wind power equipment.

Siemens Energy is a German energy technology company. With its portfolio of products and services, it covers almost the entire energy value chain, from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers.