Duke Energy and China-based ENN Group agreed to collaborate on the development of technologies to help build greener cities in China and the United States.
The agreement creates the "Future Energy Technology Demonstration Platform" and paves the way to exchange knowledge on advanced energy, building and transportation technologies.
ENN said it is committed to the development and use of clean energy and is constructing China's first smart energy "eco-city" in Langfang, China, close to Beijing.Duke will collaborate with ENN to develop the eco city and will adapt what is learned as it deploys clean energy technologies.
The agreement was signed by Duke Energy Chairman, President and CEO Jim Rogers and ENN Chairman Wang Yusuo. Chinese officials and representatives from the U.S. Department of State and Department of Energy attended the signing, which coincides with the diplomatic visit by Chinese President Hu Jintao to the United States.
The companies' shared vision for a "green" city encompasses electricity produced via cleaner generation technologies, energy storage, energy efficiency, energy recovery (for example, carbon absorption by microalgae), and electric vehicle infrastructure.
This collaboration follows an agreement by Duke Energy and ENN to accelerate the development of low-carbon and clean energy technologies announced Sept. 23, 2009, at the Clinton Global Initiative in New York. The companies are also working on jointly developing commercial solar power projects in the U.S., pursuant to an agreement signed Oct. 23, 2009.
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