
Recon Technology Limited has announced the Company’s investment this month in Shandong Zhong You Yun Xin Information Technology Company Limited, a PetroChina affiliate in Shandong Province, with a 10% shareholder interest. The company’s primary mission is to accelerate the transition to clean energy and sustainable technologies based on the shareholders’ and management team’s extensive experience sound understanding of the future trends in energy industry, and will soon deploy its first pilot project in Shandong Province in China.
In June and July 2021, Tesla China opened its all-in-one solar storage charging stations in Shanghai and Lhasa, respectively. The stations generate electricity through the solar roof system and store the electricity in the charging station’s battery modules which would be used for charging the Tesla electric vehicles daily and improving the efficiency of energy use along with achieving energy self-sufficiency. Solar charging panels, energy storage batteries and charging facilities form a micro-electric grid, which altogether complete the sustainable use of clean energy.
Recon recently launched an updated energy solution based on the integrated microgrid with components of “solar + storage + charging”. Compared to Tesla and other leading companies’ solutions in the new energy industry, we have a significant advantage in the solar energy storage and charging integrated track which is highlighted by the number of energy station outlets and advantages with the openness in partnership selection. Recon has been cultivating the industry for decades and complying with the national policy, leading us to choose to work together with PetroChina in order to complete the upgrade and transformation of existing gas stations infrastructure through a way of “smaller, faster, asset-lightweight”. In China, it is difficult and time-consuming to obtain approval of new lands for the construction of a complete new station like Tesla’s model. Meanwhile, our solution has an advantage of non-significant investment, fast transformation, and most importantly, a more open charging network that is not limited to an exclusive brand.
“We are so pleased to be one of the shareholders of Zhong You Yun Xin and to work with PetroChina’s Shandong branch to explore new ways to transform and upgrade the gas station industry and its profitability model”, said Shenping Yin, Founder of and CEO at Recon. “Our business partnership will be carried out through two main business segments: first, we will help PetroChina Shandong upgrade its operation model with its more than 1,000 gas stations and promote our smart gas station solution, which has been proved effective in Zhe Jiang Province by Future Gas Station (Beijing) Technology, Ltd.; at the same time, we will also work with Zhong You Yun Xin to upgrade its current traditional gas stations, whose main source of income is gasoline and diesel sales, to integrated energy supply stations which would be suitable for future energy consumption trends. We will link the new energy and traditional energy markets through a software system based on cloud computing and blockchain technologies, giving full play to the cost advantages of distributed energy and improving the operational efficiency of gas stations and reducing transition costs”.
Yin added, “Shandong is a major province for the petrochemical energy supply base in China with more than 10,000 gas stations. Against the backdrop of a changing industry with an increasing share of electric vehicles, all gas stations are being challenged to transform. By partnering with PetroChina and establishing a localised branch in Shandong, we hope to promote efficient gas station management tools and integrated energy supply station solutions that are current, reliable and provide a convenient, economical and comfortable experience for all vehicle owners”.
“In China’s ‘carbon peak and carbon neutral’ goal, the new energy industry is not only becoming the most rapidly developing and beneficial industry under the support of the relevant national policies, but also bullish in the context of the global capital market. Recon and Shandong PetroChina will build an integrated light storage and promote a charging integrated energy station network pilot, which is also an important direction for our recent new strategic transformation to improve our profitability. We believe the ‘solar + storage + charging’ solution for the clean energy industry is highly expected to a period of rapid development. We firmly believe that Recon will occupy a vital position in this industry”, Yin concluded.


Archive
- October 2024(44)
- September 2024(94)
- August 2024(100)
- July 2024(99)
- June 2024(126)
- May 2024(155)
- April 2024(123)
- March 2024(112)
- February 2024(109)
- January 2024(95)
- December 2023(56)
- November 2023(86)
- October 2023(97)
- September 2023(89)
- August 2023(101)
- July 2023(104)
- June 2023(113)
- May 2023(103)
- April 2023(93)
- March 2023(129)
- February 2023(77)
- January 2023(91)
- December 2022(90)
- November 2022(125)
- October 2022(117)
- September 2022(137)
- August 2022(119)
- July 2022(99)
- June 2022(128)
- May 2022(112)
- April 2022(108)
- March 2022(121)
- February 2022(93)
- January 2022(110)
- December 2021(92)
- November 2021(107)
- October 2021(101)
- September 2021(81)
- August 2021(74)
- July 2021(78)
- June 2021(92)
- May 2021(67)
- April 2021(79)
- March 2021(79)
- February 2021(58)
- January 2021(55)
- December 2020(56)
- November 2020(59)
- October 2020(78)
- September 2020(72)
- August 2020(64)
- July 2020(71)
- June 2020(74)
- May 2020(50)
- April 2020(71)
- March 2020(71)
- February 2020(58)
- January 2020(62)
- December 2019(57)
- November 2019(64)
- October 2019(25)
- September 2019(24)
- August 2019(14)
- July 2019(23)
- June 2019(54)
- May 2019(82)
- April 2019(76)
- March 2019(71)
- February 2019(67)
- January 2019(75)
- December 2018(44)
- November 2018(47)
- October 2018(74)
- September 2018(54)
- August 2018(61)
- July 2018(72)
- June 2018(62)
- May 2018(62)
- April 2018(73)
- March 2018(76)
- February 2018(8)
- January 2018(7)
- December 2017(6)
- November 2017(8)
- October 2017(3)
- September 2017(4)
- August 2017(4)
- July 2017(2)
- June 2017(5)
- May 2017(6)
- April 2017(11)
- March 2017(8)
- February 2017(16)
- January 2017(10)
- December 2016(12)
- November 2016(20)
- October 2016(7)
- September 2016(102)
- August 2016(168)
- July 2016(141)
- June 2016(149)
- May 2016(117)
- April 2016(59)
- March 2016(85)
- February 2016(153)
- December 2015(150)