Core Viewpoint - The company has received board approval to proceed with the Fushan Flywheel Energy Storage Project in Shanxi Province, China, with a total capacity of 150 megawatts [1] Group 1: Project Details - The initial capacity of the Fushan project is set at 120 megawatts, which includes 20 megawatts of flywheel storage and 100 megawatts of lithium battery storage [1] - The feasibility study for the project has been completed, and it is currently in the fundraising stage [1] Group 2: Strategic Investments - Since 2023, the company has strategically invested in a minority stake in a flywheel-lithium iron phosphate battery hybrid energy storage system project in Shanxi Province [1] - The success of this investment has led the company to explore new energy storage projects, with the Fushan project being a key focus for future developments [1] Group 3: Market Outlook - The company believes that the push for "carbon neutrality" and "carbon peak" national goals, along with supportive government policies for renewable energy development, will lead to sustained growth in the green energy storage market in China [1] - This growth is expected to create significant investment opportunities in solar and energy storage sectors [1] - The management has been authorized to establish a dedicated project team to implement subsequent actions related to the Fushan project [1]