Group 1 - Hunan Chongde Technology Co., Ltd. has signed a strategic cooperation agreement with GEVernona Inc. to supply 18 sets of synchronous compensators for major energy generation and grid stability projects in the Middle East [1][2] - The Middle East power equipment market is transitioning from traditional energy to renewable energy, presenting opportunities for Chinese companies to establish a dominant position [1][2] - Chongde Technology specializes in the research and manufacturing of sliding bearings, holding a significant position in the domestic bearing industry and recognized as a national-level "specialized and innovative" enterprise [1] Group 2 - The cooperation is part of GEVernona Inc.'s core energy transition plan with Saudi Electricity Company, focusing on voltage regulation and system stability to integrate more renewable energy [2] - Chongde Technology's sliding bearings are recognized for their high precision and reliability, marking the company's global competitiveness in high-end energy equipment components [2] - The Middle East is experiencing a notable trend towards renewable energy, with significant investments in solar, wind, hydrogen, and smart grid technologies [2]
中东电力市场蕴商机 崇德科技进军沙特市场