Smart Powerr (formerly China Recycling Energy Corp) is a small China-based energy services company that designs, finances, builds, and operates waste energy recycling systems for industrial manufacturers in China. Smart Powerr captures waste heat, pressure, and gas generated by heavy industrial processes — steel, cement, coke, and petrochemical production — and converts it into electricity for on-site use, reducing customers' energy costs. The three main system types are waste heat power generation, waste gas power generation, and coke dry quenching. Smart Powerr's primary business model is Build-Operate-Transfer (BOT): Smart Powerr funds and builds the system at a customer's facility, charges an ongoing per-kWh energy-saving fee over a 15–20 year contract, and transfers ownership to the customer at contract end. Smart Powerr also uses operating leases, where it builds and owns a system and leases it to the customer for a fixed monthly rental. Under both models, Smart Powerr bears the upfront capital cost and acts as developer and operator, using third-party EPC contractors to build and procure equipment. The company does not manufacture equipment itself. Smart Powerr is now attempting to pivot toward energy storage integrated solutions, targeting industrial and commercial facilities, large-scale solar and wind installations, and off-grid areas, driven by Chinese government policy supporting energy storage. As of the latest filing, Smart Powerr has not commenced material operations in energy storage and remains in an exploratory phase, with only 22 employees and a largely wound-down legacy project portfolio.