A $50-million energy equipment manufacturing project was officially signed to establish operations in Nanfeng town, Zhangjiagang, on Oct 13.
The project is a joint venture between ENGIE Group and Zhangjiagang Fuel Equipment System. It will establish a modern factory with an annual capacity of 1.2 GWh energy storage systems and 100 hydrogen storage systems, producing high-performance equipment that meets the needs of the modern energy market. Once fully operational, the project is expected to achieve an annual output value of about 450 million yuan ($63.07 million).
ENGIE Group, headquartered in France, is a Fortune Global 500 company and a world leader in energy and services, with cutting-edge expertise in renewable energy and integrated energy solutions.
Zhangjiagang Fuel Equipment System, a leading enterprise in Zhangjiagang's energy equipment sector, exports its products to Europe, Australia, the Middle East, South Africa, and other regions, demonstrating strong international competitiveness and development potential.