At the 7th China International Import Expo, an important platform for international economic and trade exchanges, ABB and Baowu Clean Energy Co., Ltd. (hereinafter referred to as "Baowu Qingneng") once again joined hands to formally sign a strategic cooperation framework agreement, jointly opening a new chapter in digital development and energy efficiency transformation.

As a professional company for low-carbon and green energy development within the Baowu Group, Baowu Qingneng has always been committed to deepening its presence in the two major fields of clean energy (including hydrogen energy, natural gas, clean electricity, carbon assets, and other business segments) and industrial gases. Leveraging its profound experience and forward-looking vision in the field of clean energy, it has continuously promoted the optimization and upgrading of the energy structure, contributing to the realization of green and low-carbon development. On the other hand, the ABB Energy Industries business unit, with its leading technology in automation, digitization, and electrification integrated solutions, provides safe, intelligent, and sustainable project and operational support for the traditional energy, new energy, and renewable energy industries. The two parties have previously established a long-term and stable cooperative relationship in fields such as industrial gases and new energy power generation, jointly witnessing the successful implementation and fruitful results of multiple projects.

The strategic cooperation framework agreement signed this time is a further deepening and expansion of the successful cooperation between the two parties in the past. According to the agreement, ABB will work together with Baowu Qingneng to explore the use of ABB's Ethernet-APL technology to promote digital development and energy efficiency transformation. Ethernet-APL technology, as an innovative technology of ABB, is based on the advanced physical layer of Ethernet and can significantly improve the speed and accuracy of data transmission, providing solid data support for equipment condition monitoring and asset performance management. Through the application of this technology, Baowu Qingneng will significantly enhance the visibility of field equipment data, promptly understand the production process and energy consumption status, thereby optimizing process flows, enhancing the level of intelligence and unmanned management, and further improving production efficiency and energy management efficiency.

In addition to deepening cooperation in existing fields, the two parties also plan to apply Ethernet-APL technology to new energy fields such as green hydrogen production and green methanol projects. This initiative not only helps promote technological innovation and application in the field of clean energy but also opens up broader development spaces for both parties in new market areas. By deepening cooperation, ABB and Baowu Qingneng will continue to leverage their respective advantages in technological innovation and market expansion, jointly exploring new paths for digitization and energy efficiency transformation, and contributing to the green and low-carbon development of the energy industry.

The signing of this cooperation agreement is not only a recognition of the successful cooperation between the two parties in the past but also lays a solid foundation for in-depth cooperation in more fields in the future. Taking this opportunity, the two parties will continue to strengthen communication and cooperation, jointly promoting the in-depth development of digitization and energy efficiency transformation, and striving to achieve the goal of green and low-carbon development.