2016 International Conference on Global Energy Interconnection was opened in Beijing on March 30, 2016. Far East Smarter Energy Co., Ltd. (abbreviation: Smarter Energy; stock code: 600869), as a member of Global Energy Interconnection Development and Cooperation Organization, and a long-term strategic partner of State Grid Corporation of China(referred to as: State Grid), attended the Conference, and received widespread attentions through exhibiting an enterprise’ development results and prospects in the energy interconnection. Director and Chief Executive Officer of Smarter Energy Jiang Huajun, investor, supervisor and Chief Operating Officer Chen Jing, together with investor, Senior Director and Assistant to General Manager of Far East Cable Ma Yueqin, Deputy Director and Senior Marketing Director of Far East Cable Li Jing, Assistant to Director and Marketing Director of Far East Cable Xiao Zheng, Assistant to Director and Marketing Director of Far East Cable Mao Yiguo and other people, were present at the Conference.

2016 International Conference on Global Energy Interconnection

     On the opening ceremony, Global Energy Interconnection Development and Cooperation Organization was announced to be established, which was launched exclusively by the State Grid, the first international organization initiated by China for establishment in energy sector. Liu Zhenya, Chairman of the Board of the State Grid, acts as the chairman of the Organization. Former minister of the U.S. Department of Energy Steven Chu, General Manager of the State Grid Shu Yinbiao, and President of Japanese Softbank Masayoshi Son serve as Vice-Chairmen. The first 80 member countries are from Asia, Europe, Africa, America and Oceania, including the State Grid, Industrial and Commercial Bank of China Ltd., Huawei Technologies Co., Ltd., Japan Renewable Energy Foundation, Russian Grids, Brazilian Electric Power Company, University of Birmingham, Siemens AG, ABB Group and Morgan Stanley.

Liu Zhenya delivered a keynote speech

   In his keynote speech at the Conference, Liu Zhenya said the energy Internet is essentially an interconnection of power grids, and the fundamental goal of building the world's energy interconnection is to meet the electricity demand, a necessary path toward achieving a sustainable development for human, with huge economic, social and environmental comprehensive benefits.

Wang Min, Deputy General Manager of the State Grid (middle), toured in front of the booth of Smarter Energy

   As the State Grid’s long-term strategic partner, Smarter Energy, around systematic planning, began a business restructuring comprehensively from 2015, establishing business groups including smarter energy system, energy system, and project engineering contracting. Through smarter energy planning and design, smarter energy operation and maintenance, smarter energy power distribution system, smarter energy application program, and distributed power generation/energy storage and micro-grid access system, it carries out the relevant business for subsystems, and accelerates the company's development goal as "a smarter energy expert, or a smarter energy integrated solution provider". This time, Smarter Energy as a founding member of global energy development one of the founding members of Global Energy Interconnection Development and Cooperation Organization will actively support and promote energy transformation, realize clean development, deal with climate change, and assist in achieving innovative growth in the global energy Internet, which will also help the company strengthen the business development in the global energy interconnection.

In front of the booth of Smarter Energy, Jiang Huajun introduces Far East First New Energy Co., Ltd.’s product- 18650 lithium battery- and its application to the guest

      According to the introduction by professionals, the global energy Internet contains huge commercial value and vast investment opportunities. It is expected that by 2050, when the global energy Internet will be initially built, the total investment will exceed U.S.$50 trillion cumulatively, which will generate a large number of infrastructure industries, with the investment business focusing on smart PV / wind power cloud platform, distributed energy storage, power battery echelon usage, charging pile & electric vehicle network, combination of wind power & solar PV and charging station, micro-grid, and user monitoring platform for energy efficiency. The participation of Japanese Softbank and other institutions means that the investment community has started to be aware of profitability from driving the global energy Internet. Therefore, benefiting from the wave of the developing the global energy Internet, Smarter Energy will meet a sustainable development opportunity too.

Wang Min, Deputy General Manager of the State Grid, met with the strategic partners. Jiang Huajun (third from right row) was invited to present on behalf of Smarter Energy

    Being the first meeting of taking a global energy Internet as the theme, the Conference is a broadly, internationally influential event that faces to the world. It has attracted the United Nations, the International Energy Agency, the World Bank and other international organizations, as well as the representatives from the governmental departments of the United States,Russia and other countries, the relevant domestic government department principals, the energy sector academicians, and representatives from industry enterprises, scientific research institutions and media. Around the issues such as global energy development, interconnection of UHV and grid, and alternative energies, the attendants conducted in-depth exchanges to jointly promote the development of the global energy Internet by gathering strength.