State Grid Jiaxing powers steel industry's first carbon consulting deal

State Grid Jiaxing Power Supply Company has supported Zhejiang Huacheng Metal Products Co Ltd in signing Jiaxing's first carbon quota consulting service agreement for the steel industry. This milestone marks a significant step in advancing carbon management services within Jiaxing's industrial sector.

As China's national carbon market continues to evolve, the steel industry—one of the major emission sectors—faces both new opportunities and challenges. Recognizing the importance of low-carbon development, Zhejiang Huacheng has actively pursued green manufacturing and process upgrades in recent years. However, with tightening emission regulations and a maturing carbon market mechanism, the need for scientific carbon asset management and cost-effective compliance strategies has become increasingly critical for sustainable growth.

To meet this demand, State Grid Jiaxing Power Supply Company leveraged its technical expertise to deliver a comprehensive carbon asset management solution. Through its one-stop carbon footprint service platform, the company organized a specialized energy diagnostics team to conduct a full assessment of the company's carbon emissions, accurately identifying key management challenges.

Based on these findings, the company is offering end-to-end services that include carbon emission data management, emissions reporting and verification, quota compliance strategies, and emission reduction planning.

From ensuring accurate and compliant data to crafting dynamic market-responsive strategies and long-term carbon management roadmaps, the service aims to help enterprises achieve regulatory compliance, cost efficiency and green transformation.

"Under China's dual-carbon strategy, proactively managing carbon assets is essential to a company's sustainable development," said Jin Xiao, a representative from State Grid Jiaxing Power Supply Company. "This collaboration not only provides Huacheng with professional support for its low-carbon transition, but also fills a service gap in Jiaxing's steel industry carbon management."

Looking ahead, State Grid Jiaxing will continue to support the company's follow-up consulting services, while further advancing innovation in carbon management, monitoring policy developments, integrating new technologies, and expanding service offerings. These efforts aim to provide professional support to more industrial enterprises, collectively contributing to the region's green, low-carbon and high-quality development.