Core Viewpoint - The signing of the cooperation framework agreement between BYD Energy and State Grid Hunan Comprehensive Energy Service Co., Ltd. marks a significant step towards establishing a deep and comprehensive partnership in the distributed energy storage sector, aiming to drive innovation and sustainable development in the energy industry [1][3]. Group 1: Partnership Details - The agreement emphasizes mutual recognition as long-term partners, focusing on principles of complementary advantages, joint development, integrated innovation, and mutual benefits [3]. - Both parties aim to explore innovative paths to address pain points in distribution networks and expand the future development space for new energy storage [3]. Group 2: Company Profiles - State Grid Hunan Comprehensive Energy Service Co., Ltd. is a pioneer in the new energy storage industry, having established a complete ecosystem covering planning consultation, system integration, smart operation, and product research and development [3]. - The company has developed a blockchain-based smart control platform for energy storage, recognized as a major technological equipment, leading the way in cluster management of energy storage facilities [3]. Group 3: BYD Energy's Role - BYD Energy focuses on the research, development, manufacturing, sales, service, and recycling of energy storage systems, creating a complete industrial chain [3]. - The company aims to provide safe and reliable battery storage systems, contributing to the global low-carbon energy transition [3]. Group 4: Future Outlook - The cooperation is expected to foster organic integration of both parties' strengths, promoting green development consensus and expanding cooperation areas to tackle contemporary challenges [4].