Smart Powerr Corp (NASDAQ: CREG) is a China-focused energy company that develops waste energy recycling and energy storage projects for energy-intensive industrial customers. Revenue is generated through Build-Operate-Transfer (BOT) contracts under which the company designs, builds, operates, and eventually transfers fully customized onsite systems that recapture wasted pressure, heat, and gas from industrial manufacturing processes to generate electricity. Smart Powerr is a Nevada-incorporated holding company with no material operations of its own, conducting substantially all activity through PRC subsidiaries. The company describes its primary market, the PRC waste energy recycling sector, as fragmented but competitive, with rivals that focus on single waste-energy types or single industries. As of the 10-K filed 2026-03-31, the company was actively pursuing a business transformation toward energy storage integrated solutions, targeting industrial and commercial complexes, large-scale photovoltaic and wind power stations, and remote off-grid locations in China.

Revenue model

Build-Operate-Transfer (BOT) contracts: the company develops and operates onsite waste energy recycling systems for industrial customers and transfers ownership at contract end. Customer savings on energy costs relative to grid electricity are the commercial basis for project economics, per the 10-K filed 2026-03-31.

Products and services

Waste energy recycling systems that convert industrial waste gases (blast furnace gas, coke furnace gas), heat, and pressure into onsite electricity. Biomass waste-to-energy projects using agricultural straw and biogas. Planned energy storage integrated solutions targeting photovoltaic, wind, remote island, and smart city applications, per the 10-K filed 2026-03-31.

Customers and end markets

Primarily mid- to large-size enterprises in China in high energy-consuming industries, including coal mining, petrochemical refining, and other heavy industrial sectors, per the 10-K filed 2026-03-31. Demand is sensitive to coal, oil, and gas commodity prices and to Chinese government support for green energy policies.

Value-chain role

Project developer and system integrator. The company does not manufacture equipment but incorporates standard power generation equipment, primarily boilers and turbine generators, into fully integrated onsite systems. General contractors handle direct procurement. Key equipment supplier relationships include Hangzhou Boiler Plant, Beijing Zhongdian Electric Machinery, Chengdu Engine Group, Shanghai Electric Group, China Aviation Gas Turbine Co. Ltd, and Xuji Electric, per the 10-K filed 2026-03-31.

Geographic exposure

Substantially all operations in the People's Republic of China, per the 10-K filed 2026-03-31. Parent company incorporated in Nevada.

Source: SEC 10-K, filed 2026-03-31

Industry: Services-Business Services, NEC Peers: CDT Environmental Technology Investment Holdings Ltd