Core Insights - Hunan Chongde Technology has signed a second-phase bearing order worth approximately 20 million RMB with global energy leader GE Vernova, reinforcing its competitive position in the high-end bearing international market [1][2] - The SEC Phase II project in Saudi Arabia, with a total investment exceeding 67.3 billion SAR (approximately 12 billion RMB), aims to enhance energy transition and modernize the grid, featuring a planned total installed capacity of 2.5 GW/10 GWh [1] - The successful delivery of 18 sets of synchronous condenser bearings in the first phase has laid a solid foundation for this new order, demonstrating the reliability and performance of Chongde Technology's products [1][2] Company Developments - The recent visit by the GE Vernova team to Chongde Technology focused on product technical details and delivery plans, confirming the company's technical strength and delivery capabilities in high-end sliding bearings [2] - The synchronous condenser plays a crucial role in grid stability by regulating voltage, enhancing system inertia, and providing dynamic reactive power compensation, which is essential for integrating renewable energy sources [2] - Chongde Technology has developed specialized bearing alloys that withstand high temperatures and wear, along with an intelligent lubrication management system and innovative dust-proof sealing structures to ensure stable operation under extreme conditions [2] Industry Context - The Middle East, particularly Saudi Arabia, is increasingly prioritizing energy transition, creating significant demand for stable operation of renewable energy systems, which presents both technical challenges and substantial business opportunities [3] - By providing core bearings for the SEC Phase II project, Chongde Technology is not only supporting local renewable energy integration and grid stability but also successfully seizing opportunities in the international energy infrastructure market [3]
崇德科技斩获沙特SEC二期订单 赋能中东能源转型