China Ruifeng's Energy Storage Project Enters Commercial Operations; Shares Rise 3%

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China Ruifeng Renewable Energy Holdings (HKG:0527) said its facility, known as the Ruifeng Gongqingfang Station, officially entered into medium- and long-term electricity trading operations on July 15, according to a Sept. 5 Hong Kong bourse filing.

Shares of the firm were up over 3% in Monday mid-day trade.

The 300MW/1.2GWh grid-side independent energy storage power station in Zhangjiakou, Hebei province, completed market-oriented trading tests, according to the filing.

Since July, the project has traded more than 150 million kWh through capacity leasing, green power trading, and bilateral contracts, generating what the company described as "considerable profits."

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