The Central Plains New Intelligent Power Equipment Industry Group is in the process of being established. On May 27, the Henan Provincial State-owned Assets Platform announced an invitation to form this new industry group. The initiative aims to enhance collaborative innovation within the industry chain, promote high-quality development of the power equipment industry in the Central Plains region, and create a globally competitive electrical equipment industry cluster. The platform is openly inviting leading manufacturers in the power equipment sector, specialized enterprises, research institutions, and collaborative upstream and downstream companies to join in establishing the Central Plains New Intelligent Power Equipment Industry Group.
The primary objective of forming the Central Plains New Intelligent Power Equipment Industry Group is to create a comprehensive industry chain platform that integrates research and development, manufacturing, engineering contracting, and operational services, targeting an annual output value exceeding 10 billion yuan. The group will also establish a collaborative mechanism between government, enterprise, and financial institutions to drive technological innovation, market expansion, and international development.
In the short term, the goal is to integrate more than 10 core enterprises within a year, achieving an annual output value exceeding 5 billion yuan. In the medium to long term, the aim is to build a national-level research and development center for electrical equipment within two to three years, with an expected annual output value surpassing 30 billion yuan. The target is to create an internationally recognized brand with overseas market revenue accounting for over 20%.
The state-owned assets platform will serve as the leading entity, holding 40% of the shares, and will be responsible for resource integration and capital operations. They are inviting power equipment manufacturers (including leaders in transformers, high-voltage switches, smart meters, and testing), new energy equipment companies (solar, wind, and energy storage manufacturers), research institutions (universities and laboratories in electrical engineering), and financial institutions (to provide industry funds and supply chain financial support) to participate. Power equipment manufacturing consortiums will hold 40% of the shares, while research institutions will hold 20%.
A board of directors will be established for decision-making, and a specialized operating company will be formed, implementing a market-oriented approach to recruit professional managers. The collaboration model will include equity cooperation, strategic alliances, and project collaboration. This will involve forming a mixed-ownership industrial group through capital increases and asset injections. Long-term supply agreements will be signed, and joint laboratories will be established to share intellectual property and sales channels. Additionally, there will be joint bidding for large-scale engineering projects, such as those for the State Grid and new energy power plants.
In terms of cooperation roles, local state-owned investment companies will provide land, infrastructure, and policy support. The leading industrial fund will be responsible for establishment and capital operations, as well as financing channels for land/factory and government-specific bonds. Power equipment companies will contribute core technologies, production qualifications, and market channels, as well as undertake equipment research and development, manufacturing, and operational services, including technology patents, production lines, and order resources. Research institutions will establish the Central Plains Electric Equipment Innovation Center to collaboratively tackle key technologies such as “smart grids” and “energy storage systems.”
The intention collection phase runs from May 27, 2025 to June 15, 2025, with implementation set to be completed by July 30. This will include business registration, asset transfers, and management selection, culminating in the inaugural meeting of the industry group.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/formation-of-new-smart-power-equipment-industry-group-in-central-plains-led-by-henans-billion-yuan-state-owned-platform/
