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Canadian Solar EP Cube Achieves LUMA Certification in Puerto Rico, Reinforces Commitment to a Sustainable Future

SAN JUAN, Puerto Rico, Aug. 29, 2023 /PRNewswire/ — Canadian Solar announces the attainment of LUMA certification in Puerto Rico for the EP Cube, a vertically-developed residential storage system. This recognition from LUMA, the private operator managing transmission and distribution requirements of the electric grid in Puerto Rico, solidifies EP Cube’s role as a reliable contributor to the region’s energy sector. It also highlights the company’s active involvement in promoting a greener and more sustainable energy future.

EP Cube, recently introduced in Puerto Rico, brings homeowners a consistent power supply. It alleviates concerns about grid instability, including outages due to bad weather or utility blackouts. Installers love how easy it is to install the EP Cube system. Luquillo Felix Marquez, a local end-user in Puerto Rico, says, “The EP Cube offers flexible sizing from 9.9 – 19.9 kWh so I can customize the system to the need of my family. Plus, it’s fast and easy to install.”

EP Cube is available to homeowners and installers in Puerto Rico who want to take advantage of the recently announced solar incentive program from the Puerto Rico Department of Housing. The program offers grants to eligible homeowners and installers to support their installation of renewable energy.

“Earning LUMA certification is a significant achievement that reflects our unwavering commitment to a sustainable future in Puerto Rico,” says Andy Yin, the General Manager of Eternalplanet, an independent brand under Canadian Solar that designed and developed EP Cube. “We are thrilled to contribute to the region’s renewable energy transition and collaborate with partners like LUMA Energy to make a positive impact on the local energy landscape. This certification reaffirms our dedication to Puerto Rico’s energy goals and sustainability.”

The attainment of LUMA certification highlights Canadian Solar and Eternalplant’s resolute commitment to Puerto Rico’s energy landscape.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

Eternalplanet Contacts

Mimosa Kan
Business Development
+86 135 1087 0501
mimosa.kan@eternal-planet.com 

Eli Hu
Public Relations
+86 137 5825 8975
eli.hu@eternal-planet.com 

Canadian Solar Inc. Investor Relations Contacts

Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

David Pasquale
Global IR Partners
914-337-8801
csiq@globalirpartners.com 

JinkoSolar has been appointed a Co-chair of B20 India’s Tech, Innovation, and R&D Taskforce

SHANGRAO, China, Aug. 21, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced JinkoSolar has been appointed a co-chair of the Tech, Innovation, and R&D Taskforce of B20 India, which has commenced work on a series of discussions and recommendation proposals related to, among others, policy recommendations and interventions required to promote and accelerate technology, innovation and R&D across all industry sectors and identify strategies for mass adoption. The B20 India Summit will be held on August 25 – 27, 2023 in New Delhi, India.

Technology, innovation, and R&D in global economic decision-making have never been more critical. The low carbon economy has become more prominent in global markets, as the world has been accelerating towards a sustainable clean future as a result of technological disruption, especially solar, storage, and digital technologies. A renewed strategy for technology development to strengthen global collaboration will foster economic stability, progress, and growth that is inclusive and sustainable.

The policy recommendations of the Tech, Innovation, and R&D Taskforce will be submitted to the G20 leaders and will be crucial to achieving significant improvements in the digitalized and greened era empowered by scientific methods.

Ms. Dany Qian, VP of JinkoSolar, commented, “I believe the policy recommendations of our taskforce will bring tremendous contribution to the world today and in the future. Throughout the six month process, the preparation of these policy recommendations saw healthy debates over conflicting arguments that served to encourage a diversity of thoughts and aspirations under different circumstances and capabilities.”

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2023.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

Source: JinkoSolar Holding Co., Ltd.

Risen Energy’s Nanbin 15GW Manufacturing Base Commences Operation, Producing the Hyper-ion HJT Solar Module

NINGBO, China, Aug. 18, 2023 /PRNewswire/ — Risen Energy (“the Company”), a global leading manufacturer of high-performance solar photovoltaic (PV) products, has announced that the Hyper-ion heterojunction (HJT) solar module produced by the Company’s Nanbin 15GW manufacturing base (Phase-1) has rolled off the assembly line. The moment was celebrated with a ceremony attended by Risen Energy’s executives and government officials who together witnessed the significant milestone that will go a long way in bolstering the company’s plan to scale up the Hyper-ion series production capacity.

Risen Energy’s Nanbin 15GW Manufacturing Base Commences Operation, Producing the Hyper-ion HJT Solar Module
Risen Energy’s Nanbin 15GW Manufacturing Base Commences Operation, Producing the Hyper-ion HJT Solar Module

The announcement comes as Risen Energy has vowed to zero in on the research and development of n-type HJT modules as part of the Company’s mission and strategy to catalyst innovation for high-power, high-efficiency solar modules. Risen Energy is the latest solar leader to see HJT technology as one of the key innovations that will usher in a new era for the solar sector, boosting power generation while trimming down the cost and carbon footprint of solar products. Earlier this year, Risen Energy unveiled plans to raise the production capacity of its n-type HJT Hyper-ion series to 15GW by the end of 2023.

Risen Energy’s HJT Hyper-ion modules are equipped with a wide range of state-of-the-art features at the forefront of solar technology, outperforming their market counterparts in terms of both performance and cost-effectiveness. Their industry-leading efficiency is achieved through the use of low-temperature double-sided passivated contacts and double-sided microcrystalline technology. Additionally, the adoption of pastes with lower silver content and an alloy frame design ensures excellent reliability while further reducing costs.

With a highest power output of 741.456Wp and an efficiency exceeding 23.89%, Risen Energy’s Hyper-ion HJT modules offer a stable temperature coefficient, capable of maintaining their power output above 90% even after 30 years of use. Furthermore, the carbon footprint value (CFP) of the modules is less than 400kg eq CO2/kWc.

Situated in southern Ningbo with a total investment of RMB 15.2 billion, Risen Energy’s Nanbin manufacturing base covers an area of 1,448 mu (238 acres). It is a major project that is supercharging Ningbo’s new energy ambition to establish a hundred-billion-scale industrial eco-system that specializes in the R&D and production of solar PV cells, glasses, modules, and energy storage systems. Ninghai, a county under the administration of Ningbo has launched itself to be a solar hub. Ninghai has seen the combined industrial output of the PV and energy storage sectors achieve RMB 6.65 billion in 2023 Q1 alone, up 78.8% from the same period last year.

Extending congratulations on the landmark moment of the manufacturing base, Ge Renyuan, Deputy County Mayor of Ninghai, said, “Risen Energy’s leadership in PV R&D and manufacturing has greatly contributed to the industry’s growth, and the inauguration of Risen Energy’s Nanbin manufacturing plant is instrumental in further expanding Ninghai’s renewable energy landscape. We pledge to foster a business-friendly environment, creating a space where new energy companies can explore innovation and drive transformative changes that help China and beyond accelerate toward energy transition while uplifting people’s living standards.”

“The official operation of the Nanbin manufacturing base not only gives Risen Energy another competitive edge but also holds pivotal importance in fuelling Ninghai’s resources for developing intelligent manufacturing. Moving forward, Risen Energy remains steadfast in its mission to deliver a paradigm shift to the solar industry with technological breakthroughs, empowering the global economy to build a green, sustainable future for all. We will focus on ramping up the production of high-efficiency modules as we continue to strengthen the solar value chain in Nanhai to achieve greater industry synergy, helping the region establish itself as a PV and energy storage powerhouse,” said Wu Xuegang, President & Member of Executive Board of Risen Energy.

As Risen Energy is poised to level up its production capacity of high-efficiency HJT modules, the Company strives to meet the global market demand for clean, sustainable energy solutions with more HJT offerings. Guided by its mission of enabling new green energy for a better life, Risen Energy remains dedicated to pioneering technological advancements that drive meaningful change for humanity.

Tongwei Group Made its Debut on Fortune Global 500 List

CHENGDU, China, Aug. 4, 2023 /PRNewswire/ — On August 2, the 2023 Fortune Global 500 list was officially released. Tongwei Group made its debut on the list with a revenue of CNY 2148.82 billion and ranked 476th, becoming the first photovoltaic company in the world to enter the Fortune Global 500. At the same time, Tongwei Group ranked 34th on the Return on Equity (ROE) list with a net asset return rate of 42.9%, making it the only mainland Chinese company among the top 50 companies with the highest ROE. The inclusion of Tongwei Group in the Fortune Global 500 marks its formal entry into the “club” of global giant enterprises and signifies the firm commitment to comprehensive internationalization.

Tongwei Group Made its Debut on Fortune Global 500 List
Tongwei Group Made its Debut on Fortune Global 500 List

Over the past 41 years, Tongwei Group has achieved steady development. As a global leader in high-purity polysilicon and solar cells, Tongwei Group currently holds the largest global market share in high-purity polysilicon production and sales. Its solar cell shipments have remained at the top globally for six consecutive years. In 2022, Tongwei expanded to the Module sector and its Module shipments entered the top ten globally. Its photovoltaic products are exported to more than 40 countries and regions worldwide. Tongwei also pioneered the “Fishery & PV Integration” development model, with 52 “Fishery-PV Integration” bases established, achieving a cumulative grid-connected capacity of 3.4 GW. The high-quality and clean photovoltaic power has been benefiting countless households.

From its foundation in China to its global expansion, from deepening Chinese manufacturing to leading Chinese innovation, Tongwei Group, as a Fortune Global 500 company, will seize opportunities, utilize every technological innovation and quality product to contribute to the global response to climate change, promote green energy transformation, and achieve carbon neutrality goals. It will provide China’s solutions and contribute the strength of the Tongwei Group.

JinkoSolar Recognized as “Overall Highest Achiever” in RETC’s 2023 PV Module Index Report for Fourth Consecutive Year

JACKSONVILLE, Fla., Aug. 2, 2023 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the “Company” or “JinkoSolar”) (NYSE:JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has been recognized as a 2023 Overall Highest Achiever for the fourth consecutive year in Renewable Energy Testing Center’s (“RETC”)  PV Module Index Report (“PVMI”).

RETC’s annual PVMI report gathers data from rigorous advanced tests conducted on the modules over the course of 12 months. The Overall Highest Achiever designation is the top accolade given, recognizing manufacturers that have excelled in all three test categories: reliability, performance, and quality.

“We’re proud to receive the Overall Highest Achiever recognition from RETC, a trusted third-party lab. The acknowledgement gives customers confidence that they are purchasing best-in-class, bankable and durable modules,” said Nigel Cockroft, General Manager of JinkoSolar (U.S.) Inc. “Our continuous investments in R&D over many years have led to our longstanding leadership in products.”

“For the 4th consecutive year, JinkoSolar has been recognized as an Overall Highest Achiever, a rare accomplishment,” said Cherif Kedir, President and CEO of RETC. “The recognition exemplifies JinkoSolar’s commitment to innovation, product quality, and reliability and demonstrates that JinkoSolar’s modules help project stakeholders secure superior returns on investment.”

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had 14 productions facilities globally, 24 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and global sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of March 31, 2023.

To find out more, please see: www.jinkosolar.com

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

Source: JinkoSolar Holding Co., Ltd.

EP Cube Help Installers Win More Orders with a More Industry-friendly Design

SAN FRANCISCO, July 29, 2023 /PRNewswire/ — Connected Technology, a residential electrical services provider based in the Greater Sacramento metropolitan area, has focused primarily on installing electric vehicle chargers, whole house battery systems, and solar since 2016. With the implementation of NEM3.0, the role of residential energy storage systems has become increasingly important, and the EP Cube’s excellent performance and features have helped them better meet customer needs.

In Sacramento, summers can be scorching, and homeowners need constantly run air-conditioning systems. However, owing to insufficient power output and surge capacity, most energy-storage systems cannot consistently support air-conditioning, and the transportation and installation processes are also complicated. As a result, Connected Technology had been looking for a product that better meets the needs of local customers.

A single EP Cube unit has a maximum output of 7.6kW, which can support a 5-ton air conditioner during an outage with a soft starter; this output can jump to 45.6 kW when six units are connected. Additionally, the product is compatible with both new and existing PV systems. All these features help to address customers’ concerns about residential battery systems. “When we began to look at the specifications for the EP Cube, it really could provide a lot of good options. One of the things in particular that we appreciate is the maximum power throughput, especially the round trip efficiency savings of providing DC electricity directly into the batteries,” said Bill Horbaly, the co-founder of Connected Technology. “That’s something that we feel like we can adequately explore for our customers and provide an additional solar option that we haven’t had before.”

EP Cube comes with multiple specifications. The minimum capacity of a single unit is 9.9kWh, with each battery module’s capacity of 3.3kWh. By stacking modules, a single unit can be expanded to 19.9 kWh. When a maximum of six units are connected, it can reach 119.9kWh. “For the customers who want to take advantage of Net Metering 3.0 pricing or have fundamental backup options, we can provide a small system. For the customers who have multiple air conditioners and want to have everything from the whole hose backed up, the EP Cube allows us to do that as well,” said Horbaly.

The user-friendly design of EP Cube also benefits installers. “Besides meeting our customer needs better, the consistency and short time required for the commissioning makes it very much a plug-and-play option. We can complete the work very quickly and reliably. And being able to stack batteries without additional wiring for batteries installed saves us a lot of time.”

Most products in the market weigh over 300 lbs and require special lifting equipment, lengthening the job and leading to possible injuries and product damage. Bill Horbaly and his team must pay extra attention to avoid accidents. “We have always been concerned about moving them in and out of vehicles and putting them in customers’ homes – we have to spend extra effort to ensure no injuries are caused. As a business owner, having a much lighter modular system like EP Cube relieves my concern, making transport and equipment storage much easier and more effective.”

EP Cube is committed to providing the best experience for its users and partners. As more installers recognize and recommend the product, it will continuously bring reliable and clean energy to more homeowners in California.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

Solar Energy Storage System EP Cube Cooperates with Treedom to Boost Environmental-friendly and Sustainable Development

SAN FRANCISCO, July 22, 2023 /PRNewswire/ — EP Cube announced its partnership with Treedom, the first platform in the world allowing customers to plant a tree remotely and track the story online, and jointly launched the “One Move to Green, One Step to Eternal Planet” event.

Through this initiative, all customers who purchase EP Cube will receive a tree planted by Treedom. Participants can invite their friends to join as well. The initiative details can be found on EP Cube’s social media platforms. All proceeds from the trees will be used to benefit local communities and residents.

Battery systems bring sustainable benefits by supplying power to households during peak hours, thus reducing customers’ electricity bills and their reliance on traditional energy sources. As the first self-designed-and-developed residential energy storage system by Eternalplanet, a consumer-oriented independent brand under Canadian Solar, EP Cube furthers these benefits, offering greater energy savings and sustainability through compatibility with high-power solar panels, enhancing energy efficiency and cutting down energy loss.

By partnering with Treedom, EP Cube now offers those investing in solar energy storage a way to make an even larger positive impact by helping support tree-planting projects around the world.

“In this collaboration with Treedom, we are proud to offer our customers an opportunity to take further action and help to protect our planet,” said Mimosa Kan, Director of Business Development at Eternalplanet. “EP Cube plays a significant role in saving energy, decreasing reliance on fossil fuels, and reducing emissions – equivalent to as much as 600 trees a year. We hope this collaboration will encourage more people to go green with EP Cube.”

The initiative is currently underway in the US and will come to more regions globally. Canadian Solar and Eternalplanet are dedicated to further popularizing this campaign and will introduce EP Cube to more markets, creating a greener and more sustainable future with their partners.

About Eternalplanet

Eternalplanet is a consumer-oriented independent brand of energy technology under Canadian Solar, with independent design, R&D, manufacturing and global service capabilities. Eternalplanet always adheres to scientific and technological innovation and is committed to providing energy solutions for people and promoting the sustainable development of the world. In September 2022, Eternalplanet launched the first self-designed-and-developed residential energy storage system in the United States – EP Cube. EP Cube adopts industry-leading technologies to provide all-round power backup for every household, with higher safety performance and more flexible capacity expansion. More information on the company can be found at https://epcube.com.

About Canadian Solar Inc.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery storage solutions, and developer of utility-scale solar power and battery storage projects with a geographically diversified pipeline in various stages of development. Over the past 22 years, Canadian Solar has successfully delivered around 94 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built and connected over 8.8 GWp in over 20 countries across the world. Currently, the Company has approximately 609 MWp of projects in operation, 6.9 GWp of projects under construction or in backlog (late-stage), and an additional 17.7 GWp of projects in advanced and early-stage pipeline. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit https://www.canadiansolar.com.

CBAK Energy Expands Battery Production Capacities through Strategic Collaborations in Shangqiu City, Henan, China

  • Meeting Surging Demand for Lithium-ion Batteries with Cost-Effective Expansion

DALIAN, China, July 21, 2023 /PRNewswire/ — CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“Dalian CBAK”), has successfully reached agreements with the Shangqiu Urban-Rural Integration Demonstration Zone (the “Shangqiu City”) and partnering entities (the “Lessor”). These strategic collaborations, in the form of investment and lease agreements, will enable CBAK Energy to satisfy the surging demand for its 26700 cylindrical batteries at a relatively lower cost.

Under the terms of the cooperation, Dalian CBAK will pay an annual rental of several million RMB (the “lease payments”) to secure the rights to utilize the Lessor’s production line. This production line is projected to increase Dalian CBAK’s capacity by approximately RMB300 million worth of our 26700 cylindrical batteries. The Lessor will cover the costs of renovating the production line to meet Dalian CBAK’s manufacturing needs. Production is expected to commence as early as this year. Moreover, the investment agreement with Shangqiu City also presents an opportunity for Dalian CBAK to receive government subsidies once certain tax conditions are met, which will be used to partially or fully offset the lease payments, significantly enhancing the cost-effectiveness to this investment.

Yunfei Li, Chairman and Chief Executive Officer of CBAK Energy, commented, “We are thrilled to embark on this collaboration. It will enable us to expand our production capabilities for high-power batteries, specifically the 26700 lithium-ion cylindrical batteries, in order to meet the rapidly growing market demand. Furthermore, it strengthens our commitment to achieving cost-effective and sustainable growth. We firmly believe that this investment, which allows us to acquire an additional capacity of RMB300 million worth of battery products for only RMB3.5 million, will further enhance our sales expectations.”

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.

For more information, please visit ir.cbak.com.cn.

Safe Harbor Statement

This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn

Piacente Financial Communications
Ms. Hui Fan
Tel: +86-10-6508-0677
Email: CBAK@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Ms. Brandi Piacente
Tel: +1-212-481-2050
Email: CBAK@thepiacentegroup.com

Source: CBAK Energy Technology, Inc.

JA Solar Signs a Solar Module Agreement with General Solar

BEIJING, July 5, 2023 /PRNewswire/ — On June 16th, JA Solar, a leading manufacturer of high-performance solar power products, signed a solar module agreement with General Solar, a Turkish solar company. The agreement was signed at a ceremony attended by General Solar’s Chairman of the Board of Directors, Ali Demirdaş, Vice Chairman, Ercan Dinçer, and JA Solar’s Assistant President, Steven Chen.

JA Solar Signed a Solar Module Agreement with General Solar
JA Solar Signed a Solar Module Agreement with General Solar

The agreement will see both companies work together to strengthen cooperation in PV market development, resource sharing, innovation acceleration and other areas. The aim is to improve development, construction, and operations in the PV industry, and jointly promote the high-quality and sustainable development of Turkey’s PV market.

The partnership between JA Solar and General Solar represents an important step towards achieving a sustainable, low-carbon future. By leveraging their respective strengths in PV development and application, the two companies will drive innovation and accelerate the adoption of clean energy solutions in Turkey and beyond.

JA Solar’s high-efficiency products and high-quality services have already contributed to the sustainable development of Turkey’s PV market, with the company currently holding a market share of 17%. Based on its previous business performance, JA Solar is expected to see continued growth in Turkey in the future.

Source: JA Solar Technology Co., Ltd.

Emerson and Cavendish Renewable Technology to Drive Innovation in Hydrogen Applications


Automation software and technologies chosen to help improve efficiency, safety, emissions and faster time-to-market for hydrogen-based solutions

MELBOURNE, Australia, July 5, 2023 /PRNewswire/ — Global technology and software leader Emerson (NYSE: EMR) today announced that Cavendish Renewable Technology (CRT), an Australia-based startup with proprietary hydrogen technologies, will work with Emerson’s automation and software portfolio to accelerate the deployment of CRT’s hydrogen production solutions.

As the world continues to seek sustainable energy alternatives, hydrogen has emerged as a promising carrier of cleaner energy. With its immense potential to help reduce greenhouse gas emissions, hydrogen technologies have become a key focus for researchers, industries and governments worldwide.

“It’s going to be a golden era for hydrogen over the next decade,” said Ani Kulkarni, Ph.D., CRT’s chief executive officer. “Working with Emerson will enable us to optimize and scale our operations, which will help accelerate the global adoption of hydrogen technologies to meet energy targets and reduce global emissions.” 

Under the agreement, Emerson will leverage its extensive automation expertise and portfolio, including software, control systems, instrumentation, valves and safety solutions, for CRT’s hydrogen electrolysers and ammonia processing equipment.

“Emerson’s hydrogen experience and automation technology will help CRT digitalize its operations for improved safety and reliability while also accelerating the delivery of its hydrogen-based products and solutions,” said Mike Train, Emerson’s senior vice president and chief sustainability officer. 

“Our value proposition is two-fold,” said CRT CEO Kulkarni. “Our proprietary electrolyser technology will enable production of green hydrogen at scale which we aim will be cost competitive to fossil fuels, and our ammonia solution can convert ammonia directly into electricity, a one-step process that uses far less energy than converting ammonia back into hydrogen before electricity is produced.”

Additional resources:
• Join the Emerson Exchange 365 Community
• Connect with Emerson via Twitter Facebook LinkedIn YouTube

About Emerson 
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.

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