Enecell Successfully Acquires 51% Equity in Shangqiu Sensuo, Strategically Expanding into Molten Salt Energy Storage Sector

At the end of 2024, Enecell successfully acquired 51% equity in Shangqiu Sensuo Construction Engineering Co., Ltd., becoming the controlling shareholder of Shangqiu Sensuo, a professional solution provider in the molten salt energy storage field. This acquisition marks Enecell's official entry into the molten salt energy storage sector, further enhancing its strategic layout in the new energy industry.

Molten salt energy storage technology, a currently trending new energy storage method, boasts advantages such as large storage capacity, long storage cycles, extended service life, and pollution-free operation. It is widely applied in scenarios such as solar thermal power generation, flexibility transformation of thermal power units, and heating and waste heat recovery. The market prospects for this technology are vast. Shangqiu Sensuo, as a professional solution provider in the molten salt energy storage field, possesses rich technical expertise and project experience.

This collaboration will fully leverage the strengths of both parties, achieving deep integration and synergistic development. Enecell will utilize its multi-disciplinary system integration and multi-mode operational service advantages in the new energy sector, combined with Shangqiu Sensuo's technical capabilities in molten salt energy storage, to jointly advance the construction of multiple key projects. These include the installation engineering construction project for the solar thermal power station under the Tibet Zabuye Integrated Energy Supply Project, aiming to create benchmark projects in the field of solar thermal power generation.

Moving forward, the two parties will work hand in hand to actively explore business opportunities in the solar thermal power generation and thermal power transformation sectors, providing Enecell with supporting business opportunities for electrical and new energy products, and jointly promoting the sustainable development of the new energy industry.