Shandong Energy actively participated in the joint construction of Shandong Energy Research Institute and New Energy College, and completed the construction of a new energy R&D and innovation center. Adhering to "scale, clean, capitalization, and globalization", Shandong Energy will expand the supply and service system of new energy and new materials in long run. Strengthen new energy industry. Shandong Energy will explore a complementary energy development mode integrating the "wind, solar, coal power and energy storage", develop hydrogen energy and fuel cell industry, and build industrial chains of hydrogen energy and alcohol-based fuels. Create a new material industry. Shandong Energy will focus on creating a diversified industrial cluster, vigorously develop advanced chemical materials, new energy materials, and high-end equipment materials to shape a new material industry development ecosystem.