ZTE Corporation (“ZTE”) (H share stock code 0763.HK/A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has signed an agreement with Enel, Italy’s largest power company and Europe’s second listed utility by installed capacity, for the development and deployment of innovative power generation technologies with a focus on environmental sustainability and improved distribution efficiency.
Yesterday in Rome, Francesco Starace, Chief Executive Officer and General Manager of Enel, and Mr. Xiao Ming, President of ZTE Europe, signed a framework agreement which outlines a comprehensive collaboration between the two companies across different areas such as electric vehicle mobility, smart grids and renewable energies. More specifically, in the renewable sector the two companies will also join forces on the site of Ollague, Chile, where Enel Green Power (the Enel Group renewable arm) is constructing an off-grid hybrid wind-photovoltaic facility with storage. Such collaboration is aimed at identifying optimization opportunities as well as developing in the future further options for similar installations.
The areas covered by the agreement include ZTE and Enel’s innovative technology for recharging electric vehicles; evaluation of possible smart grids projects in markets of common interest; and IT solutions aimed at making current renewable power generating technologies even more efficient and effective.
“The agreement with Enel is key for ZTE, as it builds on our position as a leading global player in the telecommunications and ICT solutions and equipment markets, with a focus on smart grid,” said Mr. Xiao Ming, President of ZTE Europe. “Our increasing commitment to research and development, and our ongoing investments in innovation have enabled us to develop next-generation technologies, which allow us to transfer our skills to Enel, a leader in the utility space.”
Relying on over 30 years’ experience in the telecommunications industry, ZTE provides many innovative solutions for key industries that are important to national economies and people’s livelihoods, including electric power, petroleum and coal. ZTE is dedicated to working with energy enterprises to build up smart grids that are safe, green and efficient.
ZTE has provided smart grid solutions to more than 100 customers in over 50 countries and regions, including the State Grid Corporation of China, China Southern Power Grid, Zambia Electricity, Ethiopian Electricity, Philippines Electricity and Venezuela Electricity.
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact.