Shunfa Hengneng Corporation (000631.SZ) plans to invest approximately 2.05 billion yuan to construct a storage energy project in Xinxiang, Henan province.

Shunfa Hengneng Corporation (000631.SZ) announced that the company plans to invest in the construction of a energy storage project in Xinxiang, Henan province, with a total investment of approximately 205 million yuan. The construction period is about 5 months, and all pre-project procedures such as project approval, filing, and environmental assessment have been completed, and the project has started construction work. The project plans to build an energy storage power station in Xinxiang City, Henan Province, with a scale of 100MW/200MWh. The energy storage batteries will use lithium iron phosphate batteries, and the battery system and power conversion system of the energy storage station will be arranged using external container solutions. The project meets the company's production and operation needs, can expand the company's business scale, and enhance the company's profitability.