# Shenzhen Energy to acquire 70% stake in Dinglun Energy and invest in flywheel storage project

Shenzhen Energy's subsidiary Nanjing Holdings plans to acquire 70% of Dinglun Energy for CNY 7 million and invest CNY 339.89 million in a 30 MW flywheel energy storage project in Shanxi, China.

- Type: Acquisition
- Announced: 2023-06-09
- Where: Tunliu District, Changzhi, Shanxi, China, China
- Value: $47.0M (339.9M CNY)
- Status: announced
- Capacity: 30 MW
- Products: flywheel energy storage
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Shenzhen Energy Group](https://endata.com/companies/8988.md) (acquirer)
- [Dinglun Energy Technology (Shanxi)](https://endata.com/companies/70746.md) (target)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/roll/2023-06-09/doc-imywrnhr2195760.shtml), 2023-06-08: "南京控股公司拟按70%股权比例向鼎轮能源增资人民币4,060万元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.