Recently, China National Salt (Changzhou) Salt Cavern Energy Storage Co., Ltd. made its formal debut, with Xie Weiwei appointed as its legal representative and a registered capital of 120 million yuan. The company's primary focus lies in providing energy storage technology services. A closer look at its equity structure shows that the venture is a joint effort between Huaneng International Power Jiangsu Energy Development Co., Ltd., an entity under the umbrella of Huaneng Power International, and China National Salt Caverns Comprehensive Utilization Co., Ltd., a subsidiary of the China National Salt Industry Group.
