Project Overview - The company’s wholly-owned subsidiary, Chengtong Carbon Sink, has won a bid for a carbon sink resource cooperation development project in the Tacheng region of Xinjiang, covering approximately 17.63 million acres of existing forest land, 16.61 million acres of arable land, and 94.70 million acres of grassland [1] - The project development period is set to not exceed 24 months from the signing of the cooperation contract, with a preliminary cooperation term of 20 years [2] Project Cooperation Details - The project will be developed through a full-process contract method, with development costs borne by the developer, and a profit-sharing model will be adopted for cooperation [3] Impact on the Company - The project aligns with national goals of achieving carbon peak and carbon neutrality by 2030 and 2060, respectively, and will enhance the company's influence in the carbon market and improve its brand image [4] - The project will not affect the company's operational independence, and there will be no business dependency on the project counterpart [5]

Core Viewpoint - The article emphasizes the importance of low-carbon transformation in the eastern and southern load centers of China, highlighting the role of new energy storage in ensuring supply, promoting consumption, and securing the grid under the goal of carbon peak and carbon neutrality [1]. Group 1: Event Overview - The event titled "Activating Low-Carbon Flexibility Resources in Load Centers" aims to explore new opportunities for user-side energy storage and empower the intelligent collaboration of "source-grid-load-storage" [2]. - The event will take place on July 24, 2025, in Suzhou, Jiangsu [4]. Group 2: Event Objectives - Market Analysis: In-depth analysis of current national and local policies and market rules related to new energy storage [3]. - Trend Insights: Examination of the development status, future prospects, and regional characteristics of commercial and industrial energy storage, source-grid-side storage, and virtual power plants [3]. - Technology Discussion: Exchange of innovative technical solutions and practical applications under the intelligent collaboration of "source-grid-load-storage" [3]. - Model Exploration: Discussion on innovative business models and challenges in project implementation across diverse application scenarios [3]. - Cooperation Promotion: Establishment of a high-end communication platform to foster collaboration across the industry chain [3]. Group 3: Event Participants - The event will invite government officials, energy investors, developers, representatives from high-energy-consuming enterprises, energy storage system integrators, equipment manufacturers, grid companies, power design institutes, research experts, consulting agencies, and financial institution representatives [5]. Group 4: Event Agenda - The agenda includes leadership speeches, report releases on low-carbon supply and flexibility resource potential, market and policy analysis, user-side storage solutions, and a Q&A session [6].

Core Viewpoint - The development of the new energy storage industry in China is rapidly advancing, with significant growth in installed capacity and technological diversity, positioning it as a crucial component of the new power system and a key player in achieving carbon neutrality goals [1][2][3]. Group 1: Industry Development - China's new energy storage industry has seen a rapid increase, with installed capacity exceeding 137.9 GW by the end of 2024, marking a year-on-year growth of 59.9%, and new energy storage capacity reaching 78.3 GW, with a power scale growth of 126.5% [2]. - The industry has entered a phase of large-scale application, with over 280,000 registered energy storage-related businesses by the end of 2024, and a record 89,000 new registrations in 2024 [3]. - The technology landscape is diversifying, with lithium-ion batteries dominating but also significant advancements in compressed air storage, flow batteries, and sodium-ion batteries, with projects exceeding 300 MW in power scale [3]. Group 2: Challenges and Barriers - The new energy storage sector faces technical challenges, including the need for advancements in safety, cost, and lifespan of technologies, with key areas such as high-temperature membrane materials and battery recycling requiring breakthroughs [4]. - Market mechanisms are still underdeveloped, lacking a national consensus on pricing, which affects the stability and profitability of energy storage services across various applications [4][5]. - The regulatory framework and industry standards are not fully established, leading to inconsistencies in product quality and project evaluation, necessitating a comprehensive lifecycle management system for energy storage projects [5]. Group 3: Recommendations for Improvement - To enhance the new energy storage sector, there is a need for strengthened technological innovation, focusing on low-cost, long-life, and high-efficiency storage solutions, alongside the establishment of innovation centers and research hubs [6]. - A sustainable market development mechanism should be established, with clear pricing structures and supportive policies to foster a conducive environment for the energy storage industry [6][7]. - The development of technical standards and industry norms is essential, including the creation of a certification system and lifecycle management frameworks to ensure the long-term stability and safety of energy storage systems [7].