Harbin Electric Co Ltd (Harbin Electric), a subsidiary of Harbin Electric Corp, manufactures and sells power plant equipment. It provides thermal, hydro, nuclear and gas turbine equipment; desulfurization and denitration equipment; power station valves, petrochemical vessels, and industrial boilers; AC and DC motors; industrial steam turbines; and fans and control and protection devices.

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Harbin Electric focuses in improving its offering via R&D. It received 28 scientific and technological awards at or above the ministerial and provincial level. The company's research and application of the 700m head 400MW high-speed pumped storage unit and the 600-1,000MW ultra-supercritical secondary reheating boiler won the China Good Design Award (Gold). The company also made progress in traditional advantageous products such as hydropower, nuclear power, steam power, thermal power, and general equipment, and achieved remarkable results in solar PV, new energy storage, and energy efficiency. Harbin Electric's R&D units include a national enterprise technical center, 3 national engineering research centers, 2 national key laboratories, 4 postdoctoral workstations, and 2 academician workstations. These units are responsible for managing the company's R&D activities, conducting scientific research projects, developing new products, and applying for patents. Harbin Electric has 3 national engineering research centers, 2 national key laboratories, 4 postdoctoral workstations, and 2 academician workstations. The company completed 242 patent licenses, including 108 invention patents. The company has alliances with the Innovative Design Alliance of China, the Chinese Mechanical Engineering Society, the Chinese Society of Electrical Engineering, and the Hebei Provincial Government. In FY2023, the company spent CNY1,908 million on R&D, which as a percentage of revenue stood at 5%.