CITIC Group, founded in 1979, has been a pioneer in China s economic reforms and opening-up to the rest of the world, by introducing overseas capital, technological know-hows and managerial expertise to China
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CITIC Group, aligning its mission with national goals and contributing to national rejuvenation, pursues a vision of “building an outstanding conglomerate with a lasting reputation.” As for work priorities, it strives to deepen SOE reforms, strengthen technological innovation and integrate itself into regional strategies. Operating in 5 business sectors:comprehensive financial service, advanced intelligent manufacturing, advanced materials, new consumption, and new-type urbanization, CITIC is committed to pioneering national goals and to being a leading technology-driven group.
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On September 19, the 120 MW/240 MWh user-side energy storage power station at Jingjiang Special Steel, invested in and built by CITIC Pacific Energy Investment's subsidiary Xinli Times Energy Technology, was successfully connected to the grid. This marks the official operation of the largest user-side energy storage power station in Jiangsu province, which will effectively contribute to the stability of the regional power system and the transition of the energy structure. The power station features rapid start-up and flexible operation, and stores up to 240 MWh of electricity — sufficient to power around 25,000 households daily. As one of the largest energy storage power stations in China's steel sector, it plays a vital role in the green transition of traditional industries. The project also helps to improve the green electricity utilization by 168 GWh annually, equivalent to a reduction of approximately 21,000 tons in standard coal consumption and 52,000 tons in carbon dioxide emissions.

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