Shandong University Electric Power Technology (301609.SZ) signs a strategic cooperation agreement with Shandong Development New Energy.

Shandong University Electric Power Technology (301609.SZ) announced that the company has signed a "Strategic Cooperation Agreement" with Shandong Development New Energy Co., Ltd., with the aim of jointly promoting the technological upgrading and scale development of the new energy industry in Shandong Province. According to the agreement, both parties will jointly carry out comprehensive energy projects such as energy storage on the demand side, virtual power plants, demand-side response, etc., developing resources on the demand side, exploring new paths for the participation of grid load-side resources in the coordination of source-grid-load-storage interaction, and jointly building comprehensive energy demonstration projects. They will establish a regular information exchange mechanism to share information on new energy market dynamics, policies, regulations, technological advancements, etc. In addition, both parties will cooperate in equipment and technology; they will jointly tackle common key technologies and cutting-edge technologies in the new energy field, including but not limited to comprehensive monitoring of new energy stations, energy storage technologies, and so on.