Xinjiang Lixin Energy (001258.SZ) plans to invest in independent energy storage projects in Hetian County and Pishan County, with a total investment of 1.776 billion yuan.

Xinjiang Lixin Energy (001258.SZ) announced that its wholly-owned subsidiaries Hotan County Lixin Comprehensive Energy Co., Ltd. and Pishan County Lixin Comprehensive Energy Co., Ltd. plan to invest in the construction of independent energy storage projects in Hotan County with a capacity of 300MW/1200MWh and in Pishan County with a capacity of 200MW/800MWh. The total investment for the Hotan County project is approximately 1.06 billion yuan, and for the Pishan County project is approximately 716 million yuan. Both projects are expected to have a construction period of 12 months. The announcement stated that the company's investment in the Hotan County 300MW/1200MWh and Pishan County 200MW/800MWh independent energy storage projects align with the company's strategic development needs in the new era. It will help promote the company's continuous exploration and practice in the large-scale energy storage field, and contribute to the deep implementation of the "dual carbon" policy in Xinjiang Autonomous Region. It will also help create a demonstration of independent energy storage projects and promote synergy in the energy storage industry chain.