State Power International and China Salt Group have jointly established a new salt cavern energy storage company in Changzhou.

According to QiChaCha APP, recently, Zhongyan Salt Cave Energy Storage Co., Ltd. was established, with Xie Weiwei as the legal representative and a registered capital of 120 million RMB. Its business scope includes energy storage technology services. Shareholding information on QiChaCha shows that the company is jointly owned by Huaneng International Electric Power Jiangsu Energy Development Co., Ltd. under Huaneng International and Zhongyan Group's Zhongyan Salt Cave Comprehensive Utilization Co., Ltd.