The Digital Source For China's Tech Innovation Since 2000

Search
Close

IBM Sets Foot In China's New Energy Industry

November 25, 2009
Business

Global IT giant IBM has turned its eyes to China's new energy industry.

IBM has signed a range of cooperation agreements with China's ENN Group. The two companies will set up a joint venture for new energy, which IBM calls one of its biggest business projects in China in the recent decade.

The cooperation consists of three parts: IBM invests in the energy saving and emission reduction energy service of ENN Group; the two companies set up an information technology company on intelligent energy; IBM becomes a strategic partner of ENN Group.

In addition, the parties will integrate resources and explore ways to develop innovative energy services, promote the start of a smart city grid program in China and build a low carbon economy among Chinese cities and enterprises. They will also shift to the American market following their development in China.

According to Wang Ying, president of ENN, IBM will invest CNY400 million in information technology infrastructure but at least CNY1 billion on energy each year. Wang said that the patents of the energy technology developed during their cooperation will belong to the Chinese company.

ENN Group is a Chinese company committed to the development and utilization of clean energy. The company says its goal is to use innovations in clean energy production to improve the quality of life and standard of living of our customers.

Tags: Business | carbon emission | carbon offset | China | Chinese | clean energy | development | Economy | energy | Giant | green | ibm | information technology | infrastructure | investment | IT | joint venture | new energy | president | production | quality | service | smart city | standard | technology | Three

Other Related News:

Chinese elephants: Abandoned six-day old calf treated for inflamed belly button after it is rescued

September 3, 2021

China Will Set Up National IC R&D Center

June 9, 2006

Red-M: Bluetooth Proliferation Needs WLAN Security

April 13, 2004

Unqualified Electronic Products Ordered To Withdraw From Market

November 13, 2007

Qiao Xing Partners With Skyworks

April 9, 2004

Battery Recall For Lenovo, IBM

September 28, 2006

Weekend Getaway at Hilton Wuhan Optics Valley

April 24, 2014

China Unicom Joins Negotiations For iPhone's Entry Into China

February 11, 2009

Taiwan, Home to TSMC, Sees ‘Enormous’ Room for Chip Cooperation With EU

February 10, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....