On February 9, 2021, the contract signing ceremony for CR Power's Caofeidian Clean Energy Industrial Cluster Project, with a total investment of RMB 39.3 billion, was held in Caofeidian District, Tangshan, Hebei Province.

These deals, built on existing cooperation between the two parties, involve cooperation in a wide range of areas of this project including gas-steam combined circulating power plant (CCPP), PV power generation, hydrogen production (methanol cracking plus water electrolysis), marine ranching plus offshore wind power, carbon capture, utilization and storage (CCUS) and sea water desalination. The aim is to jointly build a domestically leading clean energy circular industry base. This project has important strategic implications and exploratory model effect for Caofeidian to develop hydrogen energy industry, reduce carbon emissions, and engage in the carbon market.