CRRC Co., Ltd. recently announced that the company signed a sales contract with Jiangxi Electric Power, Huaneng New Energy and other enterprises with a total value of 4.03 billion yuan for the sales of wind power and energy storage equipment. This order marks a substantial breakthrough in the strategic transformation of the rail transit giant in the field of new energy.

According to the announcement, since 2025, CRRC's new energy business orders have approached 10 billion yuan. Among them, CRRC Zhuzhou Institute performed particularly well as a core subsidiary, topping the list of domestic energy storage system integrators with an installed capacity of 12.67GWh in 2024, an increase of 200% over the previous year. The 100MW/200MWh energy storage demonstration project completed in Longgan Lake, Hubei Province, has become one of the largest centralized energy storage power stations in Central China.

CRRC's energy transition began in 2022, and by extending the application of high-speed rail core technologies, it has successfully realized the coordinated development of rail transit and new energy business. According to the company's annual report, R&D investment in 2024 will reach 16.686 billion yuan, of which about 10 billion yuan will be used in new industries such as wind power, energy storage, and hydrogen energy, promoting the proportion of revenue in the new energy sector to increase to 35.05%, surpassing the urban rail business for the first time to become the second largest source of revenue.

"We are replicating the systematic and intelligent experience of high-speed rail manufacturing to the field of new energy." The relevant person in charge of CRRC said. At present, the company has built a whole industry chain solution from core components such as IGBT and converter to "fan + energy storage + smart management", and has achieved the export of energy storage equipment in overseas markets such as Brazil.

Industry insiders pointed out that in the context of the industry where lithium carbonate prices fluctuate, CRRC is reshaping the pattern of the energy storage industry by virtue of the financial advantages and technology accumulation of central enterprises. The 4 billion yuan order signed this time not only includes equipment sales, but also covers intelligent operation and maintenance services, demonstrating the competitiveness of the "manufacturing + service" business model. With the advancement of the "dual carbon" goal, CRRC's new energy business is expected to become another pillar industry after rail transit.(This article is from the official website of Jiandao www.seetao.com it must not be reproduced without permission, otherwise it must be investigated, please indicate the reprint of Jiandao Network + original link) See the editor of the energy storage column of Jiandao Network / Gao Xue