Cospowers Technology Co Ltd, located in Dongying city, is a leading scientific and technological enterprise in the lithium battery industry. [Photo/WeChat account: dyzhaoshang]
Dongying city – located in East China's Shandong province – is rich in natural resources, such as offshore marine resources and solar, wind and geothermal energy. Its total annual average solar radiation is 5,253 megajoules per square meter, with the annual average wind speed at a height of 100 meters in the near-sea area reaching 7.6 m per second – providing great conditions for energy development.
Offshore wind power and the wind power equipment industry are developing rapidly in the metropolis. With the introduction of leading enterprises, a complete industry supply chain for wind power equipment is rapidly taking shape.
In addition, Dongying has excellent conditions for hydrogen production at low costs, with a hydrogen production capacity of 1 million metric tons per year in the city's chemicals industry. Overall, there's said to be enormous potential for the development of green electricity-based hydrogen production.
