CASCE Energy Technology (Beijing) Co, Ltd.

Jun 02, 2020 / Author by CAO Wei Text SizeDBS

CASCE Energy Technology (Beijing) Co, Ltd. was established in august 2018 by IET and Shanxi-Jisheng Industrial Co., Ltd., and Shanxi-Zhonglan Investment Management Co., Ltd., to promote transformation of scientific and technological achievements in new clean energy heat storage heating technology field.

The company registered capital is CNY 50 million, of which IET’s investment of CNY 20 million as proprietary intellectual property rights, and after completing the equity incentive, IET shares 20%. The company's main business includes process design, drawing, equipment processing and debugging, system operation and maintenance, engineering general contracting, technology development, technology transfer, technology promotion, etc. of clean energy heat storage heating technology.

In 2018, the company has the cooperative partners including HaiLin Co., Ltd, HeatMate Co., Ltd, SULI technology Co., Ltd etc., signed a cooperation agreement for 100 MW supercritical air compression energy storage demonstration project and urban central heating project.

In 2019, the company successfully signed a 2000kW clean heating project for Shanxi Xi’an Xinglong Coal Mine Co., Ltd. In addition, the 1250kW-class multi-energy complementary clean energy heating demonstration project undertaken by the company’s Baota oil extraction plant in Fuchuan United Station was completed.

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