Opcon Powerbox for carbon-free electricity in China – Opcon signs a memorandum of understanding for joint venture on the Chinese market

Opcon AB, the energy and environmental technology Group, has signed a memorandum of understanding (MOU) with state-owned Shanghai Baosteel Energy Tech Co., Ltd., of China, concerning the establishing of a joint venture for collaboration around Opcon Powerbox on the Chinese market. Baosteel Energy is the wholly-owned subsidiary of Baosteel Engineering & Technology Group Co., Ltd., which is a part of the state-owned steel group, Baosteel Group, which has over 100,000 employees and sales of around USD 29 billion. “We have been assessing different ways of getting Opcon Powerbox into the