Smart Powerr Corp. is a holding company incorporated in the State of Nevada. The company conducts no material operations of its own and carries out substantially all of its activities through subsidiaries established in the People's Republic of China. Smart Powerr Corp. focuses on waste energy recycling and energy saving solutions for energy intensive industries in China. It uses the Build Operate Transfer model to provide facilities that capture waste pressure heat and gas…
Smart Powerr Corp. is a holding company incorporated in the State of Nevada. The company conducts no material operations of its own and carries out substantially all of its activities through subsidiaries established in the People's Republic of China. Smart Powerr Corp. focuses on waste energy recycling and energy saving solutions for energy intensive industries in China. It uses the Build Operate Transfer model to provide facilities that capture waste pressure heat and gas from manufacturing processes and convert them into electricity. The company is also expanding into an energy storage integrated solution provider targeting industrial and commercial complexes large scale photovoltaic and wind power stations remote islands without electricity and smart energy cities with multi energy supplies.
Smart Powerr Corp. generates revenue primarily through the sale and lease of energy saving systems and equipment. The company also earns income from project investment investment management economic information consulting technical services and financial leasing activities including the purchase disposal and repair of financial leasing assets. Under the Build Operate Transfer arrangement the company builds operates and transfers energy recovery facilities to customers and receives energy saving fees over the contract period. Additionally the company provides consulting and assurance services for financial leasing transactions in China.
Smart Powerr Corp. operates in a competitive waste energy recycling industry in China that includes state owned research institutes their wholly owned construction companies and several private firms that offer similar BOT or EPC services. Notable competitors mentioned in the filing are state owned entities such as Hangzhou Steam Turbine & Power Group's Equipment and System Engineer Co., Ltd. and China National Material Group's Energy Saving Development Co., Ltd. and Sinoma Development Co., Ltd. Private competitors include China Senyuan Electronic Co., Ltd. Dalian East New Energy Development Co., Ltd. Top Resource Conservation Engineering Co., Ltd. and Nanjing Kaisheng Kaineng Environmental Energy. The company differentiates itself through more than twenty years of industry experience the ability to provide multiple system types such as waste pressure waste heat and waste gas power generation and a proven track record of executing large scale projects. Its historical use of the Build Operate Transfer and capital lease models also gives it an edge over rivals that rely mainly on engineering procurement and construction contracts.
Smart Powerr Corp. serves mid to large size enterprises in China that consume significant amounts of electricity. Its customers include steel and nonferrous metal mills cement plants coking plants and petrochemical facilities. Specific project counterparties named in the filing are Pucheng XinHeng Yuan Biomass Power Generation Co., Ltd. Shenqiu YuNeng Thermal Power Co., Ltd. Qitaihe City Boli Yida Coal Selection Co., Ltd. Chengli Gas Supply Co., Ltd. Jiangsu Tianyu Energy and Chemical Group Co., Ltd. Xuzhou Zhongtai Energy Technology Co., Ltd. and Xi'an Hanneng Enterprises Management Consulting Co., Ltd. The company also works with municipal governments that sponsor or subsidize potential customers.