ROME -- ZTE Corporation (“ZTE”) (H share stock code 0763.HK/A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has signed an agreement with Enel, Italy’s largest power company and Europe’s second listed utility by installed capacity, for the development and deployment of innovative power generation technologies with a focus on environmental sustainability and improved distribution efficiency.
In Rome, Francesco Starace, Chief Executive Officer and General Manager of Enel, and Mr. Shi Lirong, CEO of ZTE Corporation, signed a framework agreement which outlines the start of a collaboration between the two companies across different areas such as electric vehicle mobility, smart grids and renewable energies. More specifically, in the renewable sector the two companies will also join forces on the site of Ollague, Chile, where Enel Green Power (the Enel Group renewable arm) is constructing an off-grid hybrid wind-photovoltaic facility with storage. Such collaboration is aimed at identifying optimisation opportunities as well as developing in the future further options for similar installations.
The areas covered by the agreement include ZTE and Enel’s innovative technology for recharging electric vehicles; evaluation of possible smart grids projects in markets of common interest; and IT solutions aimed at increasing the performance of current renewable power plants.
“The agreement with Enel is key for ZTE, as it builds on our position as a leading global player in the telecommunications and ICT solutions and equipment markets, with a focus on smart grid,” said Mr. Shi Lirong, CEO of ZTE Corporation. “Our increasing commitment to research and development, and our ongoing investments in innovation have enabled us to develop next-generation technologies which allow us to exchange our respective skills with Enel, a leader in the utility space.”
Relying on over 30 years' experience in the telecommunications industry, ZTE provides many innovative solutions for key industries that are important to national economies and people's livelihoods, including electric power, petroleum and coal. ZTE is dedicated to working with energy enterprises to build up smart grids that are safe, green and efficient.
ZTE has provided smart grid solutions to more than 100 customers in over 50 countries and regions, including the State Grid Corporation of China, China Southern Power Grid, Zambia Electricity, Ethiopian Electricity, Philippines Electricity and Venezuela Electricity.
ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)