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PR Newswire

Tongwei Group Made its Debut on Fortune Global 500 List

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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.

PR Newswire

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

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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.

PR Newswire

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

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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.

PR Newswire

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

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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.

PR Newswire

Brace on the storm with Zendure’s SuperBase V – Unmissable Prime Day Offer for Energy Independence

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PALO ALTO, Calif., July 8, 2023 /PRNewswire/ — The severe thunderstorms swept the US in July, causing flight cancellations, widespread disruption, potential tornadoes, and possible flash flooding, affecting millions from Massachusetts to Mississippi. Power stability can quickly become an issue during such events, leaving homes without electricity and disrupting daily life.

A Prime Day offer to secure power independence and a sustainable home energy store

Zendure’s SuperBase V is the first plug-and-play home energy storage system designed for the whole house, setting a new standard for home energy storage. In times of extreme weather conditions, a reliable power source is crucial. SuperBase V’s uninterruptible power supply switches on at 0ms, guaranteeing zero downtime.

SuperBase V features EV-grade semi-solid state batteries, which have up to 42% more energy per pound than lithium iron phosphate batteries and last up to 10 years with 6,000 life cycles. Zendure offers a customizable capacity range of 4.6 to 64 kWh and an AC output of up to 7600W, which can power a typical household for a week or more.

With SuperBase V, users can enjoy an intelligent energy management system that enables them to monitor, manage, and customize their energy consumption. The system comes equipped with a Time of Use tool. It allows users to schedule charging during off-peak and draw power from the SuperBase V instead of from the grid during the peak hours when the rates are costly, which cuts bills and reduces the strain during peak demand.

A power solution overperforming gasoline generators in every way

Compared to widely used gasoline generators, the SuperBase V is a more sustainable and reliable solution. It is maintenance-free, offering a dual voltage to support various devices, producing clean power for indoor use.

The SuperBase V is a cost-effective and long-lasting alternative to fuel generators, saving households an average of $270 in annual maintenance costs. Plus, customers can say goodbye to fuel generators’ fixed output power rates and benefit from a 30% federal tax credit on qualified battery storage systems.

It supports all devices with a unique 120/240V dual voltage. With an output power range of 3,800W to 7,600W, it has enough power to run high-wattage appliances like washers, dryers, heaters, and refrigerators, making it more versatile than gasoline generators.

The SuperBase V also guarantees a safer indoor environment by eliminating the harmful carbon monoxide and unpleasant odors usually associated with gasoline generators. It is also noise-efficient, emitting only 35 dB, a marked improvement over the 70 dB noise produced by fuel generators.

The SuperBase V is a highly versatile and portable power source, equipped with built-in motorized wheels, enabling easy movement even on inclined surfaces. This makes it an ideal choice for outdoor activities, RV living, and camping. With the SuperBase V, power independence is not just a concept, but a practical reality for everyday life.

Invest in the energy independence and a sustainable future

Zendure’s commitment to popularizing green energy and achieving energy independence aligns with the global movement toward sustainability. This campaign underscores Zendure’s resolve to provide reliable, clean, and sustainable energy solutions, particularly in times of harsh weather conditions when they’re needed most.

Securing energy independence during severe storms, Zendure revealed a remarkable $600 off for Zendure’s SuperBase V at $3,399 from 7 to 21 July. This is an excellent opportunity for homeowners to invest in a future of energy independence and sustainability with SuperBase V at a reduced price.

About Zendure

Founded in 2017, Zendure is one of the fastest-growing EnergyTech start-ups located in the technology hubs of Silicon Valley, USA, and the Greater Bay Area, China, Japan, and Germany. Our mission is to deliver reliable and affordable clean energy for households worldwide by popularizing the latest EnergyTech.

More information can be found at Zendure.com and follow on Facebook, Instagram, Twitter, and LinkedIn. (Affiliate:ShareASale).

Source: Zendure USA Inc.

PR Newswire

JA Solar Signs a Solar Module Agreement with General Solar

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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.

PR Newswire

Emerson and Cavendish Renewable Technology to Drive Innovation in Hydrogen Applications

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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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PR Newswire

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

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  • The partnership to propose new lifestyle that combines zero-emission-vehicle (ZEV) mobility and cultural content in Japan by collaborating on new concept mobility service, data-driven marketing and global experience platform development
  • Based on their shared people-centric vision, Hyundai Motor and CCC aim to bring innovative customer experiences and foster a sustainable society
  • The two companies expect to enhance customer value based on their highly sophisticated data-driven partnership in the era of hyper-personalization

TOKYO and SEOUL, South Korea, June 22, 2023 /PRNewswire/ — Hyundai Motor Company, Hyundai Mobility Japan and lifestyle content company Culture Convenience Club (CCC) today signed a memorandum of understanding (MOU) to co-create sustainable lifestyle services for the zero-emission-vehicle (ZEV) era.

Jaehoon Chang, President and CEO of Hyundai Motor Company
Jaehoon Chang, President and CEO of Hyundai Motor Company

The partnership aims to further facilitate Hyundai Motor’s efforts to satisfy Japanese customers with zero-emission vehicles and online sales since its re-entry into the market in February 2022. With the accelerated transition to electrification, Hyundai Motor and CCC’s strategic partnership aims to expand the new mobility lifestyle in Japan and beyond to global markets.

“Through this collaboration, we expect to create new opportunities through various endeavors,” said Chang, President and CEO of Hyundai Motor Company. “In particular, CCC, which plans new lifestyles by thoroughly analyzing customers’ preferences, and Hyundai Motor’s ZEV culture will work together to build a differentiated Hyundai brand image.”

Hyundai Motor and CCC share people-centric ideas embedded in their brand concepts and missions. In the new era that requires economic, social and environmental sustainability, the two companies have decided to collaborate on promoting a ‘new lifestyle through ZEV’ in Japan and then expand the program globally. Through this collaboration, both companies will promote specific ZEV lifestyle proposals based on their shared value of fostering a sustainable society.

“As a lifestyle content company, CCC has contributed to the creation of diverse lifestyles in Japan. With the current changes in the global environment and the significant changes in people’s life values, the concept of sustainability has begun to penetrate car life as well,” said Takahashi, President and COO of CCC. “This partnership is in line with Hyundai’s vision and values, and we hope to propose a new ZEV lifestyle to our customers, promote their wellness and lead social action for zero emissions on a global scale.”

More information about Hyundai Motor and its products can be found at:

http://worldwide.hyundai.com or http://globalpr.hyundai.com

(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC
(from left) Jaehoon Chang, President and CEO of Hyundai Motor Company / Yasunori Takahashi, President and Chief Operating Officer (COO) of CCC

Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle
Hyundai Motor Joins Forces with Culture Convenience Club to Provide Personalized Zero-Emission Vehicle Lifestyle

PR Newswire

TDK Ventures expands into Europe; will use new $150-million Fund EX1 to invest in clean-tech startups

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  • TDK Ventures selected London for its first European office
  • New $150-million (USD) multi limited-partner Fund EX1 (EX = energy transformation) will focus on both European and North American-based electrification and decarbonization startups
  • TDK Ventures’ mission and values to invest in climate tech startups align with Europe’s ambitious goals to reduce greenhouse gas emissions by 50% and reach net-zero emissions by 2050

SAN JOSE, Calif., June 19, 2023 /PRNewswire/ — TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc., its corporate venture capital arm, is expanding into the European market with plans to invest in startups in the region. The company selected London as the site of its first outpost for its ambitious quest to nurture energy transition, electrification, and decarbonization throughout Europe. At the same time, TDK Ventures will initiate its $150-million (USD) multi-LP Fund EX1. The fund will focus on both European and North American-based energy-transformation startups in Seed and Series A stages.

After thorough research, TDK Ventures chose London due to its deep venture-capital density as well as startups and investment funds that focus on the environment. The company also was impressed with the city’s overall venture innovation ecosystem that comprises entrepreneurially minded scientific talent, a world-class university system, top-tier climate investors (both early and growth), centralized location, and access to strong public markets. 

“TDK Ventures has earned a reputation for successfully investing in and supporting highly innovative startups featuring incredible disruptive technologies in the realm of electrification and decarbonization,” stated Lord Dominic Johnson, UK Minister of State in the Department for Business and Trade, who is a veteran of over 25 years in the financial-services industry. “I wish them much success in their efforts in combatting the many climate issues that face us. I am thoroughly delighted London was chosen as the site for their first European office and I look forward to their participation in the European market and enthusiastically welcome them to the city of London.”

“Globally, London ranks third in climate-tech funding, and third in the number of climate and energy-tech investors,” explained Nicolas Sauvage, President, TDK Ventures. “The latter ranking rises to No. 2 in the world when all of the UK is included. It also has corporate-friendly governance as well as familiar taxation, board structures, and a legal environment for venture-backed startups to find appropriate exits. This, coupled with the presence of many large-scale, late-stage, and growth-equity funds led us to decide on London as our first outpost in Europe.”

Sauvage continued that “TDK Ventures is very thankful for and appreciative of the strong support we have received from the Venture Capital Unit of the UK Government Department for Business and Trade over recent years.” 

The recent breakthroughs in materials science and advanced manufacturing in the European Union have created a watershed era for electrification and decarbonization projects. TDK Ventures has a history of helping entrepreneurial organizations in this space access the resources they need to scale production and commercialize their products as key components of global carbon neutrality.

“I am delighted that TDK Ventures has chosen London as the site of its first European office,” said Natalie Black, His Majesty’s Trade Commissioner for Asia Pacific. “Including UK companies as potential recipients in its new $150-million Fund EX1 is a testament to the strength of the UK’s tech sector, which raised $31.1 billion in VC funding last year, making the UK the third largest market in the world for tech investment. I look forward to seeing TDK Ventures thrive in the UK in supporting our efforts to tackle climate change.”

To learn more about TDK Ventures, interested startups or investment partners should visit www.tdk-ventures.com or reach out at contact@tdk-ventures.com. 

About TDK Corporate

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK’s comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2023, TDK posted total sales of USD 16.1 billion and employed about 103,000 people worldwide.

About TDK Ventures

TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com.

You can download this text and associated images from http://www.tdk-ventures.com/tdk-ventures-expands-into-Europe-will-use-new-150-million-Fund-EX1-to-invest-in-clean-tech-startups/

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PR Newswire

Slenergy’s All-In-One Residential Solution Thrives in the Booming European Solar Market

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MUNICH, June 9, 2023 /PRNewswire/ — The solar industry is experiencing an unprecedented boom in Europe, with a rapid increase in solar energy installations in recent years. The European Union witnessed a significant increase in solar power capacity installed in 2022, with 41.4GW added, up 47% from the 28.1GW installed in 2021, according to a report by industry association SolarPower Europe.

Slenergy's iShare-Home standard kit
Slenergy’s iShare-Home standard kit

Seizing the opportunity presented by the thriving market, Slenergy unveiled its latest innovation, the iShare-Home all-in-one residential solar energy solution, at a prestigious Brand and New Product release event in Munich, Germany on May 31. The new line offers system capacities ranging from 4-15 kW and includes a hybrid inverter, energy storage, a cable set, and smart monitoring system that tracks data in real-time and can be remotely upgraded via a cloud platform.

The iShare-Home system distinguishes itself with standardized system and modular product design, simplified installation process and smart energy management system, attracting considerable attention in both the European and global markets.

By adopting a standardized Bill of Materials (BOM) that includes all system components, Slenergy eliminates the need for clients to spend time designing, searching, and matching various parts. The smart energy management system integrated into iShare-Home solution empowers households to monitor power generation and consumption data while providing tailored energy management suggestions based on their energy usage patterns. This not only reduces household energy costs but also improves overall energy consumption efficiency.

Moreover, Slenergy’s system boasts preassembled mounting structures, prefabricated cable connectors, and stackable battery storage, making on-site connections fast and convenient. This streamlined installation process results in great cost savings, with installation costs being reduced by up to 20% for a 5 kW/10 kWh residential solar system.

Slenergy places a strong emphasis on quality assurance, ensuring that its products meet rigorous EN, IEC and ISO safety certifications. The company, adhering strictly to precision manufacturing standards, has implemented a visualization system for its entire intelligent manufacturing process, enabling clients to track core parts information of the system. To further support customers, Slenergy provides local service teams, offering end-users peace of mind.

Committed to creating a more sustainable new energy industry, Slenergy will showcase its comprehensive product portfolio at booth B3.370 from June 14 to 16 during Intersolar Europe, demonstrating its dedication to innovation and customer satisfaction.