XI’AN, China, March 31, 2025 (GLOBE NEWSWIRE) -- Smart Powerr Corp. (NASDAQ: CREG) (“CREG” or the “Company”), an industrial waste-to-energy solution provider in China, announced today that it and Shidai Huazhi (Jiangsu) Energy Technology Co., Ltd. officially signed a strategic cooperation agreement. The two parties will carry out in-depth cooperation around the integrated industrial layout of photovoltaic, energy storage, charging and inspection. As an important strategic collaboration in the new energy field, this cooperation will accelerate the upgrading of urban energy infrastructure and inject innovative momentum into the construction of a new power system and the realization of the "dual carbon" goal.

Shidai Huazhi (Jiangsu) Energy Technology Co., Ltd. is the business operation entity of Shidai Huazhi (Jiangsu) Energy Storage Technology Co., Ltd. Its actual controller, Mr. Huang Shilin, once served as the general manager of Contemporary Amperex Technology Co., Limited (CATL) and has profound industry experience in the fields of power batteries and energy storage. This cooperation will fully integrate the operation advantages of Shidai Huazhi in energy storage application scenarios and jointly create a demonstration urban energy infrastructure solution.

In-depth Collaboration in Four Core Areas
According to the agreement, the two parties will focus on the following areas:

Construction of Integrated Photovoltaic, Energy Storage, Charging and Inspection Infrastructure
Jointly develop ultra-fast charging stations with the integrated functions of energy storage, charging and inspection, equipped with a lithium iron phosphate battery system and an "energy brain" energy management platform to achieve four-dimensional coordinated dispatching among the power grid, renewable energy, energy storage and charging facilities. Each station can save more than one million yuan in electricity bills annually, reduce carbon emissions by more than one thousand tons per year, have a load regulation capacity of ±30%, and support V2G (Vehicle-to-Grid) reverse power supply.

Construction of Intelligent Microgrid Systems
Through innovative cutting-edge technologies such as AC-DC hybrid systems, build intelligent microgrid systems with self-regulating capabilities. It is expected that by 2026, relying on the virtual power plant platform, the proportion of adjustable resource response electricity in the microgrid will exceed 30%, forming a trillion-level "energy internet +" industrial cluster. The system realizes millisecond-level dynamic regulation through digital twin technology, providing technical support for the construction of a 100% renewable energy city.

Innovation in Industrial Ecology and Urban Governance
The two parties will jointly explore the energy closed-loop mode of "self-generation for self-use + surplus power feeding into the grid". By aggregating distributed energy resources through a virtual power plant, the efficiency of urban energy management will be improved. This mode is expected to give rise to a market scale of hundreds of trillions of yuan before 2030, providing a model for global carbon neutrality.

Full-cycle Operation Management System
Shidai Huazhi will be responsible for building the software management platform for intelligent inspection and ultra-fast charging stations, undertaking online operation and maintenance and offline operation management work to ensure the stable operation of the project throughout its life cycle.

Opening a New Chapter in the Energy Revolution
The chairman of CREG said: "This cooperation marks a crucial step for the company in the construction of a new power system. The integrated ultra-fast charging station for photovoltaic, energy storage, charging and inspection is not only an energy infrastructure but also the core carrier of the urban energy revolution. We look forward to providing replicable solutions for the global energy transition through technological innovation and model exploration."

Strategic Extension and Future Outlook
The two parties plan to continue to discuss cooperation at the capital level within the framework of the agreement, including the possibility of establishing a joint venture subsidiary. With the advancement of the Action Plan for the New Power System, the integrated industry of photovoltaic, energy storage, charging and inspection will experience explosive growth. This strategic cooperation will not only reshape the energy production and consumption model but also provide an exemplary grassroots unit for the global energy transition, leading a fundamental change in the way humans utilize energy.

About Smart Powerr Corp.

Smart Powerr Corp. (Nasdaq: CREG) (“CREG” or “the Company”) is based in Xi’an, China and provides environmentally friendly waste-to-energy technologies to recycle industrial byproducts for steel mills, cement factories and coke plants in China. The byproducts include heat, steam, pressure, and exhaust, which we use to generate large amounts of lower-cost electricity and reduce the need for outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution. Currently, recycled energy represents only an estimated 1% of total energy consumption. The recycled energy resource market is viewed as a fast-growing market due to intensified environmental concerns and rising energy costs as Chinese economy continues to expand. The Company’s management and engineering teams have over 20 years of experience in industrial energy recovery in China. For more information about CREG, please visit http://smartpowerr.com.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of CREG and its subsidiary companies. All statements, other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including, but not limited to, the risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions relating to the registered direct offering and those discussed in the Company’s annual and periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

For more information, please contact:

Mr. Jackie Shi,
VP & Chief Financial Officer
Smart Powerr Corp.
Tel: +86- 139 9287 0723
Email: shi910723@yeah.net / jackie.shi@creg-cn.com