Philips sets up energy-saving technology company in Wuhan to carry out EMC business

Philips (China) Investment Co., Ltd. announced on September 3 that it has established Philips Energy Saving Technology Services (Wuhan) Co., Ltd. to further promote the widespread use of efficient lighting solutions through the contract energy management business model (EMC). At the inauguration ceremony, the Wuhan Donghu New Technology Development Zone Management Committee also signed a strategic cooperation agreement with Philips to jointly promote energy conservation, emission reduction and sustainable development in Wuhan and surrounding areas.

Philips Energy Saving Technology Services (Wuhan) Co., Ltd. will be located in Wuhan East Lake New Technology Development Zone and is a wholly-owned subsidiary of Philips. In the future, it will be based on the contract energy management business, providing energy-saving diagnosis, energy-saving design, energy-saving renovation, financing solution design and operation management for different types of customers in landscape, road, commercial, industrial, office and other fields. service.

After the establishment of the new company, four local outstanding enterprises in Wuhan also signed an intent agreement with Philips for contract energy management services.

Contract energy management is a new energy-saving mechanism based on market operation. Its core is “I invest, you save energy and share profit”, that is, energy-using services do not need to invest, energy-saving service companies invest in upgrading or upgrading equipment, and save after project completion. Energy costs (such as electricity bills) to recover the full cost of the project investment and achieve profits.

As a global leader in the lighting industry, Philips has more than 120 years of experience in the field of lighting, leading technology and strong innovation, and is actively leading the lighting industry from traditional lighting to LED lighting. Today, Philips has built the industry's only integrated industry chain from LED light sources to luminaires, from lighting control to total lighting solutions. The introduction of the contract energy management model further complements Philips' ability to provide customers with a full range of lighting services and solutions, and accelerates the transformation of Philips to the LED industry.

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