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ENERGY China signed a 10-billion RMB hydrogen project with VNET Group

On August 2, China Energy Engineering Group ("ENERGY China") and VNET Group (NASDAQ: VNET) entered into a mega-hydrogen energy utilization and comprehensive scientific and technological innovation project partnership. This is the first major hydrogen fuel cell power generation project which is ENERGY China's implementation of China's "3060" Carbon-Zero goal.

The project is located in Fangshan District of Beijing, covering an area of 200 acres (133,200 square meters), with an investment of over 10 billion RMB. It is planned to build a 20,000-cabinet data center, a 150Mw hydrogen fuel cell power generation and integrated energy supply station, with an annual output of 80 sets of hydrogen fuelcell production line and green hydrogen equipment performance evaluation technology innovation center.

The project is driven by hydrogen energy to realize Zero-Carbon emission of data centers, and help the development of digital economy such as industrial interconnection, consumer interconnection and intelligent computing supercomputing in Fangshan and Beijing.

ENERGY China announced on November 26, 2021 that it intends to establish a wholly-owned subsidiary, ENERGY China Hydrogen Development Co., Ltd., with a total investment of 5 billion RMB and registered in Beijing. In February 2022, Energy China North China Institute announced the establishment of the Hydrogen Research Institute (Hydrogen Research Center). Led by the Vice President and Chief Engineer of Energy China North China Institute, the institute has formed a scientific research team with multi-level and multi-professional high-end talents as the backbone.

About ENERGY China

China Energy Engineering Group Co., Ltd.(ENERGY China), directed by the State-owned Assets Supervision and Administration Commission of the State Council(SASAC), is a Fortune Global 500 company, ranking 3rd in ENR Top 150 Global Engineering Design Firms and 13th in ENR Top 250 Global Contractors.

As a comprehensive conglomerate that provides holistic solutions and full-chain services in areas such as power and infrastructure in China and the world at large, Energy China’s main business scope covers energy and power, water conservancy and water affairs, railways and highways, ports and navigation channels, municipal engineering, urban rail, eco-environment protection and housing construction, with a complete industrial chain integrating planning and consulting, evaluation and review, survey and design, construction and contracting and management, operating maintenance and investment operation, technical services, equipment manufacturing and building materials.

About VNET Group

Founded in 1996, VNET Group is one of the world's most influential cyberspace infrastructure service providers, and a leading carrier-neutral data center service provider in China.

VNET Group has been deeply engaged in the data center services for more than 20 years, operating more than 50 data centers in more than 30 cities across China, with more than 78,900 cabinets, network port capacity of 4T G+, and 1T G+ high-speed cloud connect, becoming a new engine for clients' digital transformation. Meanwhile, VNET Group is actively promoting a batch of hyper-scale, standardized and green high-capacity data centers in the market, in order to meet the rapid expansion demand of domestic and overseas corporate users.


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