The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) resolved to comprehensively deepen reforms around the realization of Chinese-style modernization, and put forward the concept of the “seven focuses”. To “focus on building a beautiful China” is one of these “seven focuses”. The session proposes: “Building a Beautiful China. We will ramp up the green transition in all areas of economic and social development and improve our environmental governance system. We will prioritize ecological protection, conserve resources and use them efficiently, while pursuing green and low-carbon development with a view to promoting harmony between humanity and nature.”

Focusing on serving the creation of an ecological civilization, JIC Leasing has been actively exploring and innovating in the field of “green leasing”, continuously strengthening its services in the upstream and downstream segments of the green energy industry, and expanding its service chain. The “green leasing” business now covers all aspects of energy production, energy storage and energy consumption, with the quality and efficiency of associated financial services being continuously improved.

Reducing Carbon at Source to Serve Clean Energy Production

Based on China’s national resource conditions of “plentiful coal, poor gas and poor oil”, JIC Leasing has always actively supported the supply of clean energy, including photovoltaic and wind power, to optimize the country’s energy structure. Distributed photovoltaic projects with a cumulative total of nearly 300 MW have been implemented in Jiangsu province, Guangdong province, Shandong province and other regions. This alone can save a volume of standard coal of approx. 119,200 tons and reduce carbon dioxide emissions by 297,000 tons per year, thereby providing strong support to green, low-carbon energy transformation. JIC Leasing has also provided financial leasing services to wind power enterprises in Shanxi province to support the operation of its wind power generation projects; these have since achieved grid-connected power generation, full Internet access and full-load operation.

Promoting Cost Reductions to Serve Clean Energy Storage

In the context of realizing the country’s “dual carbon” goals, rapid strides have been made in new energy generation, including wind and photovoltaic power generation. However, the inherent volatility of these power generation methods brings challenges to the stable operation of the power system and the balance between supply and demand. Long Duration Energy Storage (LDES), with its long cycle and large capacity, is able to smooth out the fluctuations of new energy power generation over a long period of time, thereby safeguarding the power supply during seasonal and extreme weather. This new type of energy storage serves as an important technology, providing support for new types of power systems and representing a new step in promoting the goal of “dual carbon”.

JIC Leasing focuses on the entire energy storage industrial chain, covering all upstream and downstream segments. The company has provided production equipment for a lithium anode material enterprise in western China. This enterprise enjoys extensive upstream material resources including lithium, manganese, and nickel, and boasts outstanding performance and cycling stability for its products, becoming a model for the high-quality development of upstream enterprises. By creating standardized financing and leasing products for industrial and commercial energy storage power stations, JIC Leasing has supported a batch of energy-consuming enterprises to build distributed energy storage power stations, realizing the transformation and upgrading of electricity consumption, the reduction of overall ”carbon content”, and the improvement of “green content”.

Efficient Utilization to Boost Clean Energy Consumption

JIC Leasing has optimized the structure of terminal energy consumption and promotes energy conservation and emissions reductions by taking the transportation electrification and industrial low carbonization as an entry point. The company is exploring a “battery bank” business model by strongly supporting the operations of charging and battery swap projects for new energy vehicles and two-wheel electric vehicles. JIC Leasing helps accelerate hydrogen transportation from demonstration to commercialization by assisting enterprises in producing hydrogen with industrial exhaust gas, lowering the cost of industrial by-product hydrogen supplies, and promoting the application of hydrogen logistics vehicles. To support the development of the lithium recycling enterprises, JIC Leasing provides funds for transforming production lines, and improves the overall utilization of waste power batteries for new energy vehicles. Through cooperation with well-known shipping companies, the company is vigorously promoting new types of ships powered by DC propulsion technology and supports the green transformation of the shipping industry.