China Tianying builds a 100MWh gravity energy storage project in Youyu County, Shuozhou City

In order to implement the national dual carbon goals, give full play to the advantages of both parties, and promote the full development and utilization of Youyu's new energy resources, China Tianying Co., Ltd. (hereinafter referred to as the "Company"), a wholly-owned subsidiary of Jiangsu Nengying New Energy Technology Development Co., Ltd. (hereinafter referred to as "Jiangsu Nengying" or "Party B"), recently signed the "China Tianying 100MWh Gravity Energy Storage Project Cooperation Agreement" (hereinafter referred to as the "Agreement" or "this Agreement") with the People's Government of Youyu County, Shuozhou City, Shanxi Province (hereinafter referred to as "Party A") with the purpose of common development and win-win cooperation.

Main contents of the agreement

Party A: Youyu County People's Government

Party B: Jiangsu Nengying New Energy Technology Development Co., Ltd.

1. Project Overview

(1) Project Name: China Tianying 100MWh Gravity Energy Storage Project

(2) Investor: Jiangsu Nengying New Energy Technology Development Co., Ltd.

(3) Project site: Shitouhe Village, Xincheng Town, Youyu County, Shanxi Province, covering an area of ​​approximately 60 mu (the specific location and area are subject to the actual transfer situation)

(4) Construction content: 100MWh gravity energy storage project, including energy storage system, power generation system, transmission system, control system, booster station, gravity block and other public auxiliary systems such as factory buildings.

2. Due to the large investment and long cycle of this project, in order to ease the project investment, Party A, based on actual conditions, will provide Party B with 400MW of grid-connected new energy indicators within three years (100MW of grid-connected new energy indicators will be provided in the year after the signing of this agreement), and assist Party B in handling relevant procedures such as land and grid access.