Sichuan Chuantou invests in energy storage project

Sichuan Chuantou Energy (SSE:600674) announced that its subsidiary, Pan New Energy, will invest in a 60MW/120MWh user-side energy storage project in partnership with Chengdu Better Digital Energy Technology and Sichuan Times New Energy Technology. The total estimated investment for the project is 115.04 million yuan, with a registered capital of 23.659 million yuan. Pan New Energy's contribution, based on its shareholding, amounts to 18.927 million yuan. The project, located in Yibin, Sichuan Province, is divided into two phases, and Sichuan Chuantou says it will bolster the firm's competitiveness and overall strength.