‘Not playing in the red ocean’: SP Group aims to triple China district cooling capacity in 5 years
Having entered the mainland market in 2015, the company operates projects in 20 provinces and municipalities
SP Group aims to triple its district cooling capacity in China within the next five years, positioning itself as a provider of integrated sustainability solutions in the market. The company, which has been operating in China since 2015, seeks to stand out from local competitors by offering a "blue ocean" of value-driven services, rather than competing on price in the "red ocean" market.
With a current capacity of around 120,000 refrigeration tonnes, SP Group intends to leverage its flagship district cooling and heating business, as well as its expertise in renewable energy, electric-vehicle charging infrastructure, and digital services, to meet the growing demand for sustainable energy solutions in China.
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