On March 20, 2026, Golen Power signed a strategic cooperation agreement with People Electric Group Shanghai Co., Ltd. in Nanjing. This partnership marks a new phase of in-depth collaboration in the new energy and energy storage sectors, with a focus on advancing projects such as microgrids, distribution-level energy storage, C&I energy storage, PV–storage–charging integration, and zero-carbon industrial parks—supporting the transition toward a greener energy structure.

At the signing ceremony, Mr. Zhang Yong, General Manager of People Electric, and Mr. Sun Bangwu, Vice Chairman of Golen Power, signed the agreement on behalf of both parties. Under the agreement, Golen Power will provide advanced grid-forming PCS and comprehensive microgrid system solutions. These technologies and products will be widely deployed across multiple application scenarios, delivering strong support for building clean, low-carbon, safe, and efficient energy systems.

Mr. Zhang Yong highlighted that Golen Power’s strong technical foundation and extensive project experience in energy storage and microgrids align closely with People Electric’s strategy of delivering green and intelligent energy solutions. He noted that this collaboration will enhance People Electric’s competitiveness across the new energy value chain, and expressed confidence in jointly developing benchmark projects that create greater value for customers.

Mr. Sun Bangwu emphasized that People Electric, as a leading player in China’s electrical industry, brings strong market networks and brand influence. He expressed enthusiasm for the partnership and reaffirmed Golen Power’s commitment to leveraging its expertise in PCS and microgrid system integration to deliver high-quality products and services. Looking ahead, both parties will deepen cooperation in areas such as integrated energy utilization, microgrid development, and international market expansion, strengthening both technical collaboration and market synergy.

This strategic partnership represents not only a powerful integration of complementary strengths, but also a proactive step toward supporting China’s dual-carbon goals. Moving forward, Golen Power and People Electric will continue to leverage their combined advantages in technology, market reach, and brand influence to explore innovative applications and contribute to the global advancement of green energy.