The Total Value Of China’s Smart Grid Market Is Expected To Rise From $22.3 Billion In 2011 To $61.4 Billion In 2015, According To A New Market Report.

19 January 2011
 NYSE-listed power company Duke Energy and China-based ENN Group are set to develop so-called green cities in China and the US in another show of bilateral collaboration between companies in the two countries.

Through the agreement, the companies will create a future energy technology demonstration platform to pave the way to exchange knowledge on advanced energy, building and transportation technologies.

‘This represents not only a collaboration between two companies, but also two countries, China and the US,’ said ENN Chairman Wang Yusuo.

‘ENN and Duke Energy will complement one another’s strengths as we seek to accelerate the commercialisation of low-carbon technologies.’

ENN is constructing China’s first smart energy eco-city in collaboration with Duke Energy in Langfang, China, a stone’s throw from Beijing.

The company’s vision for a green city will encompass energy storage, energy efficiency, energy recovery and electric vehicle infrastructure.

‘This collaboration is not only a stepping stone for cleaner energy in China and the US,’ said Yusuo.

‘ENN Group and Duke Energy’s cooperation will lead to the development of new, cleaner ways to produce, store, distribute and use energy.’