Recon Technology, Ltd. (RCON) experienced an increase of 10.26% in aftermarket despite any latest news. However, the last trading session closed at $1.17 with an increase of 16.42%.
Carbon Neutrality – More About it
On 24th January 2022, RCON announced that a China-based oil sale company has been assisted by the Future Gas Station (Beijing) Technology Ltd in order to launch one of the best and novel products i.e., Carbon Neutral Box. The CNB is a consumer-side carbon inclusive mini-program. It allows vehicle owners to attain carbon neutrality for the very first time depending on their refueling actions at FGS-served gas stations. Moreover, this is a significant effort to strengthen low-carbon gas station management. Not only this but it will assist vehicle owners in practicing low-carbon consumption, and encourage the use of low-carbon products.
Analyzing the Launch of Product by RCON
China had previously issued no consumer-based carbon neutrality certificates. 289 vehicles have received carbon neutral fueling facilities and confirmed certifications at the East Central Road gas station. Furthermore, the company is glad to continue the collaboration with a large oil firm in jointly launching a consumption-side carbon-neutral solution for gas stations. Last but not the least, this is not just a new business investment for FGS, but it also demonstrates the technology services company’s extensive product expertise.
Integrated Solar Storage by RCON – What’s up?
RCON reported on 22nd November 2021 that the company has made a huge investment in Shandong Zhong You Yun Xin Information Technology Company Limited. RCON is happy to be one of Zhong You Yun Xin’s shareholders and to collaborate with PetroChina’s Shandong office. This will help explore innovative approaches to revolutionize and upgrade the gas station sector and its profitability model. Moreover, RCON plans on using a software solution based on cloud computing and blockchain technologies to connect the new energy and old energy markets, maximizing the financial benefits of distributed energy while also enhancing gas station operational efficiency and lowering transition costs.
What’s Next?
With more than 10,000 gas stations, Shandong is a key region in China for petrochemical energy supplies. All gas stations are being challenged to modernize against the backdrop of a changing business. Moreover, RCON intends to promote efficient gas station management tools and integrated energy supply station solutions. In addition, they serve all vehicle owners with a convenient, economical, and comfortable experience. Last but not the least, the new energy business is the fastest growing industry in China’s “carbon peak and carbon neutral” aim.
