Tag Archives: UTI

PR Newswire

Masdar signs 1GW Clean Energy Agreement in Azerbaijan following Presidential Inauguration of Garadagh Solar Park, Largest in the Region

Leave a comment

– Masdar signs three investment agreements for two solar projects and one onshore wind project with combined capacity of 1GW, supporting Azerbaijan’s 2030 clean energy ambitions

– Garadagh inauguration attended by HE Ilham Aliyev, President of the Republic of Azerbaijan and HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar

– HE Dr Sultan Ahmed Al Jaber calls on all nations to follow Azerbaijan in setting clear energy transition plans to deliver a COP of action, a COP of solidarity, a COP for all

– Garadagh is Masdar’s first renewable energy project in Azerbaijan as the company expands its footprint across Caucasus and Central Asia

BAKU, Azerbaijan, Oct. 26, 2023 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, has signed agreements for solar and onshore wind projects with a total capacity of 1 gigawatt (GW) in Azerbaijan, following the inauguration of the region’s largest operational solar plant, the 230MW Garadagh Solar Park.

HE Ilham Aliyev, President of the Republic of Azerbaijan and senior UAE delegation inaugurate the 230MW Garadagh Solar Park, region’s largest operational solar plant
HE Ilham Aliyev, President of the Republic of Azerbaijan and senior UAE delegation inaugurate the 230MW Garadagh Solar Park, region’s largest operational solar plant

The strategic agreements cover the progression of the first phase of a 10GW pipeline of renewable energy projects in Azerbaijan signed in June 2022. This follows the successful development of Garadagh, Azerbaijan’s first foreign investment-based independent solar power project, and the largest solar plant in the region.

The inauguration of Garadagh was overseen by HE Ilham Aliyev, President of the Republic of Azerbaijan and HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar.

The 1GW clean energy agreements were signed by Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, Azerbaijan Minister of Energy, HE Parviz Shahbazov and Azerbaijan Minister of the Economy, HE Mikayil Jabbarov.

Also in attendance at the inauguration were HE Suhail Al Mazrouei, UAE Minister of Energy; HE Mohamed Hassan Alsuwaidi, UAE Minister of Investment and Deputy Chairman of Masdar; HE Ahmed Ali Al Sayegh, Minister of State; HE Mohammed Murad Al Blooshi, UAE Ambassador to Azerbaijan, and HE Mohammed Saif Al Suwaidi, Director General of Abu Dhabi Fund for Development, and HE Elchin Bagirov, Ambassador Extraordinary and Plenipotentiary of Azerbaijan to the UAE attended.

HE Dr Sultan Al Jaber, COP28 President-Designate and Chairman of Masdar, said: “Garadagh is a testament to our shared commitment to diversifying the global energy mix. Azerbaijan’s ambition to develop low and zero-carbon solutions through renewable energy, is exactly what the world needs at this time.

“The UAE is proud to support Azerbaijan’s clean energy goals, to generate more than 30 percent of its overall energy capacity from renewables by 2030. We need all nations of the world to set out clear energy transition plans with clear targets for renewable energy capacity. As the UAE prepares to host COP28 in November, our North Star for climate action must be to keep the ambition of limiting global temperatures to 1.5C within reach.”

Speaking at the inauguration event, Dr Sultan Al Jaber also commended His Excellency President Ilham Aliyev and the nation of Azerbaijan for its commitment to a defined, strategic plan of action to develop new industries, new jobs and green economic growth. 

In his speech HE Dr Sultan said:

  • With just 34 days to COP28, Garadagh illustrates the practical action needed to turn the goals of the Paris Agreement into tangible reality.
  • Paris unified the world around a common goal, but since then, we have not seen enough action to close a massive emissions gap.
  • While investment in renewable energy continues to grow, with a record 500GW added globally this year, the world must triple renewable energy capacity by 2030 to keep 1.5 within reach.
  • It is critical to bring everybody to the table to be part of the solution. This is the spirit of inclusivity needed at COP28, bringing the world together to focus on solutions and results.

HE Parviz Shahbazov, Azerbaijan Minister of Energy, commented: “Today is marked by the achievements of the state policy of the President of Azerbaijan, which prioritizes the development of renewable energy. The commissioning of the largest solar power plant based on the first foreign investment in our energy history, as well as the signing of investment agreements for the implementation of solar and wind energy projects with a capacity of 1000 MW, show that our country’s green energy and green investment plans are successfully becoming a reality. Azerbaijan is pleased to realize its strategic goals as a green energy producing and exporting country with Masdar and these projects will play an important role in increasing the share of renewable energy sources in electricity generation capacity to 30 percent by 2030.”

The Garadagh plant which represents Masdar’s first project in the country, will generate half a billion kilowatt-hours of electricity each year, enough to power more than 110,000 homes, reducing carbon emissions by over 200,000 tonnes a year. The project is co-financed by Abu Dhabi Fund for Development, the Asian Development Bank, the European Bank for Reconstruction and Development and Japan International Cooperation Agency.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “The inauguration of Garadagh, the largest operational plant in the region, is a milestone achievement. Azerbaijan is a key strategic partner for Masdar and the signing of these additional agreements today pave the way to accelerate the scale of Azerbaijan’s clean energy vision. Garadagh is the first in a number of potential projects to develop onshore wind, offshore wind, solar and green hydrogen with a total combined capacity of 10GW. This will lead to greater investment and international collaboration as we work together to help Azerbaijan achieve its ambitious climate goals.”

As the UAE’s clean energy powerhouse and one of the leading clean energy companies in the world, Masdar is accelerating the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.

Established in 2006, Masdar is active in more than 40 countries with a total electricity generation capacity of more than 20GW. It has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion with ambitious growth plans to reach 100GW and 1 million tonnes of green hydrogen by 2030.

About Masdar

Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year.

For more information, please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar.

HE Ilham Aliyev, President of the Republic of Azerbaijan, HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, along with senior UAE delegation, inaugurate the 230MW Garadagh Solar Park in Azerbaijan
HE Ilham Aliyev, President of the Republic of Azerbaijan, HE Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, along with senior UAE delegation, inaugurate the 230MW Garadagh Solar Park in Azerbaijan
PR Newswire

JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement

Leave a comment

BEIJING, Oct. 8, 2023 /PRNewswire/ — Seong Kon Kim, Vice President and Renewables ENG Team Leader of Samsung C&T CORPORATION (Engineering and Construction Group), paid a visit to JA Solar’s Beijing Headquarters on August 28th. During the visit, a significant milestone was achieved as JA Solar and Samsung C&T signed a strategic cooperation agreement, spanning from 2023 to 2025. The contracts were signed by Yang Aiqing, the Rotating President of JA Solar, and Kim, Vice President of Samsung C&T, solidifying the partnership between the two organizations.

JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement
JA Solar and Samsung C&T Cement Partnership with Signing of New Strategic Cooperation Agreement

During the meeting, Kim stated that JA Solar, as a leading enterprise in the photovoltaic (PV) industry, has played an important role in promoting the global green energy transformation process. Previously, JA Solar has supplied high-efficiency modules for Samsung C&T’s key PV projects, such as the 88MW PV project in Mangilao of Guam and the Qatar 875MW PV power plant project, which shows that the two parties have yielded fruitful results. Samsung C&T extends heartfelt appreciation to JA Solar for its invaluable support in past collaborations. The company is eager to enhance communication channels, fostering even stronger ties between the two parties. Samsung C&T is committed to exploring additional areas of cooperation, seeking opportunities that promote resource complementarity and mutually beneficial development.

Yang warmly welcomed the visit of Samsung C&T. He stated that at present, low-carbon development and green transformation have become a global consensus, and PV, a key driver of growth in the new energy sector, has great potential for development in the future. Since the signing of the global strategic cooperation agreement in 2019, Samsung C&T and JA Solar have achieved remarkable cooperation results, contributing to the early realization of the global carbon neutrality goal. JA Solar is honored to sign a strategic cooperation agreement with Samsung C&T again, and will continue to serve Samsung C&T with reliable and high-efficiency products and services in the future. Building upon the foundation of past cooperation and a strong bond of friendship, JA Solar is excited about the prospect of collaborating with Samsung C&T to drive the successful realization of additional significant PV projects. By working together, both companies aim to make substantial contributions towards the construction of a zero-carbon world.

Source: JA Solar Technology Co., Ltd.

PR Newswire

EcoFlow Powers Up for Amazon’s Prime Big Deals Day with Unbeatable Savings

Leave a comment

Fall into savings with exclusive deals on best-selling products Oct. 1 to 15

SEATTLE, Oct. 1, 2023 /PRNewswire/ — With the return of cold weather, EcoFlow, a portable power and eco-friendly energy solutions company, is offering its biggest discounts ever on its best-selling portable power stations for Amazon’s Prime Big Deals Day sales event.

Customers can save on EcoFlow’s portable power stations, solar generators, smart devices and more from Oct. 1 to 15.

Whether adventurers seek to power their fall outdoor experiences or early-bird shoppers aim to get ahead of holiday shopping, all of EcoFlow’s products are in stock for a hassle- and delay-free shopping experience.

EcoFlow will have exclusive deals on their DELTA series including:

  • DELTA Pro: Save up to $900 on DELTA Pro portable power station and up to $2,299 on the DELTA Pro and Smart Extra Battery bundle, for those looking for additional power. Designed for home backup and emergency preparedness with a total 3.6kWh capacity (expandable to 25kWh), it can power your home for days. DELTA Pro has been chosen by 150,000 customers worldwide as an indispensable addition to their homes for safe and reliable backup power.
  • DELTA 2: Save up to $250 on DELTA 2, a great solution for tailgating during the football season or preparing for unexpected winter power outages. A versatile power station with 1kWh energy storage that can power over 90% of appliances and charge seven times faster than competitors. DELTA 2 is a top seller, with over 200,000 customers recommending it for its exceptional performance and reliability.
  • DELTA 2 Max: Save up to $300 when purchasing DELTA 2 Max, the newest addition to the lineup. Its lightweight design and portability make it suitable when on the go, whether camping or RVing. Add      EcoFlow portable solar panels to create a generator free of fume, noise maintenance. This portable power station boasts a 2kWh capacity and keeps your essentials running when you need them most.

Other incredible deals include EcoFlow’s Smart Devices, including 40% off WAVE 2, a portable battery-powered AC and heating unit with add-on battery and 160W solar panel for year-round outdoor comfort. Customers can enjoy 19% off GLACIER, a portable fridge with integrated ice maker, plug-in battery, wheels, handle, and 110W solar panel, perfect for extended off-grid cooling.

On Oct. 3, 6, 9 and 15, EcoFlow will have six-hour flash sales from 12 p.m. ET to 6 p.m. ET. Customers can save up to 48% on bundles including DELTA Pro Extra Battery, DELTA 2 with DELTA 2 waterproof bag, RIVER 2 with a 60W portable solar panel, RIVER 2 Max with a 160W portable solar panel and more.

All of these deals are available through the EcoFlow website and the EcoFlow Amazon Store.

Fall into savings with EcoFlow's exclusive deals on best-selling products Oct. 1 to 15
Fall into savings with EcoFlow’s exclusive deals on best-selling products Oct. 1 to 15

About EcoFlow
EcoFlow is a leading eco-friendly energy solutions company with the vision to power a new world. Since its founding in 2017, EcoFlow aims to become a reliable and trusted energy companion for individuals and families across the world, providing accessible and renewable power solutions at home, outdoors, and in mobile spaces. Today, with operational headquarters located in the USA, Germany, and Japan, EcoFlow has empowered more than 2.5 million users in over 100 markets worldwide. For more information, visit https://www.ecoflow.com/us.

Source: EcoFlow Technology Inc.

PR Newswire

Dongying’s State Grid Leads the Charge in Sustainable Energy, Setting New Standards in Hekou District’s Low-Carbon Evolution

Leave a comment

DONGYING, China, Sept. 30, 2023 /PRNewswire/ — The recent advancements of State Grid Dongying Power Supply Company in renewable energy infrastructure development have taken the spotlight in a CCTV+ video segment.

In its latest green energy push, the state-owned power supplier has set ambitious renewable energy targets for the saline-alkali regions of the Yellow River Delta. Their holistic approach spans a spectrum of initiatives, from eco-friendly industrial energy parks and innovative aquaculture systems to efficient energy chains and circular farming methodologies.

Central to their strategic roadmap is their involvement in aquaponics, the creation of zero-carbon energy stations, and a pivotal role in the Yellow River Basin Science and Technology Yard—a hub bridging knowledge and practice to foster technological innovation and exchange.

Furthermore, the firm is investing in a big data platform that seamlessly melds intelligent agricultural techniques with optimized energy consumption, all while integrating state-of-the-art charging systems for electric farm machinery.

These concerted efforts underscore the company’s unwavering commitment to driving a clean, low-carbon energy shift and fostering rural revitalization.

Tangy Solar’s 500 MW fishery-photovoltaic initiative stands out as a flagship project. Nestled in Dongying’s northernmost Hekou District, the region is a hotspot for renewable energy resources. Boasting a 214-kilometer (133-mile) coastline facing north along the Bohai Sea and covering a vast expanse of 65,000 acres of saline mudflats, Hekou is geographically blessed. With its year-round steady winds and an impressive average of 2,715 sunshine hours, it’s a prime location for such an ambitious endeavor.

Tangy Solar's 500 MW fishery-photovoltaic complementary project in Hekou District's Blue Economic Development Zone, Dongying.
Tangy Solar’s 500 MW fishery-photovoltaic complementary project in Hekou District’s Blue Economic Development Zone, Dongying.

“This project isn’t just about using resources wisely—it’s about maximizing the benefits. When you stack it up against regular sea farming, we’re looking at returns that are over 30 times higher,” remarked Chen Qi, the project’s maintenance overseer. Qi exuded confidence in the project’s future valuation.

Ding Yufeng and Hu Zhiyong, maintenance specialists from the State Grid Dongying Power Supply Company, recently conducted an on-site inspection of the power station's operations.
Ding Yufeng and Hu Zhiyong, maintenance specialists from the State Grid Dongying Power Supply Company, recently conducted an on-site inspection of the power station’s operations.

For years, the State Grid Dongying Power Supply Company has strengthened its commitment to environmental stewardship. Standing firmly behind grid-connected renewable energy and the seamless transmission of clean power, the company has invested significantly in research and development. Their focus on low-carbon technologies, from the inception of grid construction to its daily operations, sets a noteworthy standard.

This dedication has established a balance between green grid development and ecological conservation, laying the groundwork for a greener China. Indeed, the pathway to a sustainable future is lined with eco-conscious, low-carbon strategies. As of August 2023, Dongying’s renewable energy capacity has reached an impressive 5.945 gigawatts (GW), clinching the fifth spot in the Shandong province rankings.

As the city’s renewable sector continues its ascent, it plays a crucial role in advancing China’s dual-carbon objectives. Dongying’s unwavering focus on clean energy and environmental preservation remains a beacon of its commitment.


PR Newswire

FIRST Global, Title Sponsor Lam Research to Host the World’s Most International Innovation Challenge to Inspire Kids in STEM, Future Solutions for Climate Change

Leave a comment

Nearly 200 countries to compete in robotics at the 2023 FIRST Global Challenge in Singapore

WASHINGTON and FREMONT, Calif., Sept. 28, 2023 /PRNewswire/ — The 2023 FIRST Global Challenge will in a few weeks bring together thousands of teens from across the globe to compete in robotics and collaborate to find renewable energy solutions. Created and administered by FIRST Global and helped made possible by Title Sponsor Lam Research, the exciting four-day event is intended to encourage the next generation of innovators.

Students from around the world compete at 2022 FIRST Global Challenge. Photo courtesy of FIRST Global.
Students from around the world compete at 2022 FIRST Global Challenge. Photo courtesy of FIRST Global.

The 2023 FIRST Global Challenge will be held in Singapore from October 7-10, 2023. The event focuses on cultivating a passion for science, technology, engineering, and math (STEM) through competition and fun. Now in its seventh year, the Challenge continues to grow in size and scale. Under this year’s theme, “Hydrogen Horizons,” competing high school age students will learn about renewable energy and sharpen their problem-solving skills. With nearly 200 countries competing, the event is the most multinational innovation competition in the world, according to FIRST Global.

“The 2023 FIRST Global Challenge is more than a robotics and STEM challenge, it’s a springboard to inspire curiosity, the innovative spirit, and the understanding of what’s possible when we work together,” said Dean Kamen, founder of FIRST Global. “We are thrilled to bring the FIRST Global Challenge to Singapore. This year, the event is of particular importance as it centers on revolutionizing renewable energy — one of the world’s most pressing problems.”

Powering Breakthroughs Together

Lam, a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, believes that increasing the pipeline of future talent in technology is not only critical to driving the future of semiconductors but also enabling the world to tackle its biggest challenges.

“As we continue to transform the world through technology, we are committed to taking an active role in inspiring and empowering the next generation to help create a better world,” said Stacey MacNeil, chief communications officer and group vice president of ESG at Lam Research. “The FIRST Global Challenge provides life-changing learning experiences for competing students, equipping them with the knowledge and skillsets needed to succeed in the innovation workforce of the future.”

The company has pledged a $10 million donation* to FIRST Global, providing critical funding to support FIRST Global’s mission to expand access to STEM education and cultivate future global technology leaders. The Lam donation is the company’s most significant gift since unveiling its social impact platform, Powering Breakthroughs Together, in 2022. This year, Lam has also provided over 30 mentors worldwide for competing teams, helping to ensure every youth team has an opportunity to thrive at the event.

Teens to Collaborate on Robotics and Develop New Renewable Energy Solutions

During the FIRST Global Challenge, each team will put their unique robot built for the competition to the test in a series of matches and challenges related to renewable energy. Robots will be navigated through a game environment which represents the process of hydrogen energy development. Each team’s robot will score points by producing hydrogen and then storing, transporting, and converting energy. Teams will work together in randomly selected multi-country alliances to score points, thereby encouraging global cooperation and collaborative innovation.

FIRST Global teams will also compete in an innovation competition known as the New Technology Experience (NTE). Under the NTE theme “Energy Evolution,” teams are guided to understand all types of renewable energy, including hydrogen technologies. FIRST Global teams will then research and develop their own innovative solutions to advance the implementation of and improve access to renewable energy.

More information on the 2023 FIRST Global Challenge can be found at first.global.

Media Resources:

About FIRST Global
FIRST Global’s mission is to inspire science and technology leadership and innovation in youth from all nations in order to increase understanding, instill the importance of cooperation, address the world’s most pressing issues, and improve quality of life for all. Bringing these future STEM leaders together in an engaging and collaborative competition drives home the importance, excitement, and applicability of STEM education and demonstrates that they can work together — even in competition — to find solutions to the world’s greatest challenges. Learn more at first.global.

About Lam Research
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at www.lamresearch.com.

*Contribution to be distributed over a three-year period, from 2023-2025.

FIRST Global Media Contact:
Matt Stalford
press@first.global
+1 (484) 574-2660

Lam Research Media Contact:
Laura Bakken
laura.bakken@lamresearch.com
+1 (510) 572-9021

PR Newswire

JA Solar Signs Agreement for Second Largest Photovoltaic Power Plant Project in Bangladesh

Leave a comment

BEIJING, Sept. 25, 2023 /PRNewswire/ — JA Solar signed a cooperation agreement with Paramount Group, a Bangladeshi energy group, to provide all PV modules for a 150MW photovoltaic (PV) power plant project. Both parties will give full play to their advantages and work together to promote the transformation of Bangladesh’s energy structure. The project is expected to be completed by the end of December 2023. Upon completion, it will be the largest PV power plant completed in Bangladesh in 2023 and the second-largest PV power plant in the country.

JA Solar Signs Agreement for Second Largest Photovoltaic Power Plant Project in Bangladesh
JA Solar Signs Agreement for Second Largest Photovoltaic Power Plant Project in Bangladesh

Shakhawat Hossain, Chairman of Paramount Group, a highly influential business conglomerate in Bangladesh, said, “As a leading PV company, JA Solar has won a good reputation worldwide for its excellent technical strength and product quality. We look forward to working together to promote the development of Bangladesh’s PV market through the signing of this agreement.”

Daniel Li, Sales Director of Southeast Asia of JA Solar, said “Paramount Group has far-reaching influence in Bangladesh, and JA Solar is honored to establish cooperation with Paramount Group. We hope that the cooperation between JA Solar and Paramount Group will promote the popularization and application of PV in Bangladesh and create more value for the Bangladeshi PV market.”

Bangladesh is rich in light resources and has favorable conditions for the development of PV. In recent years, JA Solar has been actively developing the Bangladeshi market and has supplied all modules for the first large-scale solar power plant in Bangladesh, a 28MW project. With its high-efficiency products and high-quality services, JA Solar will continue to promote the sustainable development of the Bangladeshi PV market and contribute to efforts towards green and low-carbon transformation in Bangladesh.

Source: JA Solar Technology Co., Ltd.

PR Newswire

NaaS Technology Inc. Joins NASDAQ Golden Dragon China Index

Leave a comment

BEIJING, Sept. 18, 2023 /PRNewswire/ — NaaS Technology Inc. (Nasdaq: NAAS) (“NaaS” or the “Company”), the first U.S. listed EV charging service company in China, today announced its inclusion in the NASDAQ Golden Dragon China Index, making it one of nine new energy companies and the only EV charging service company to be part of this index.

The NASDAQ Golden Dragon China Index is widely recognized as a critical gauge for evaluating the performance of Chinese enterprises in the U.S. stock market. The index is designed to provide investors with insight and access to the unique opportunities taking place in China while still providing the transparency offered by U.S. listings. It covers a diverse range of sectors, encompassing digital, technology, new forms of consumption, and clean energy, featuring renowned companies in the internet space and the new energy sector, among others. NaaS’ inclusion enriches the NASDAQ Golden Dragon China Index and brings fresh vigor to the new energy sector with its charging services.

About NaaS Technology Inc.

NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in China. The Company provides one-stop EV charging solutions to charging stations comprising online EV charging, offline EV charging and innovative and other solutions, supporting every stage of the station lifecycle. As of June 30, 2023, NaaS had connected over 652,000 chargers covering 62,000 charging stations, representing 41.5% and 49.2% of China’s public charging market share respectively. On June 13, 2022, the American depositary shares of the Company started trading on Nasdaq under the stock code NAAS.

For investor and media inquiries, please contact:

Investor Relations
NaaS Technology Inc.
E-mail: ir@enaas.com 

Media inquiries:
E-mail: pr@enaas.com 

Source: NaaS Technology Inc.

PR Newswire

NaaS Debuts at the 20th China-ASEAN Expo to Showcase Pioneer Services for Global Energy Market

Leave a comment

BEIJING, Sept. 17, 2023 /PRNewswire/ — The China-ASEAN Expo (CAEXPO) is set to make its 20th appearance from September 16 to 19, 2023 in Nanning, Guangxi, China. Themed “Work together for a Harmonious Home and a Shared Future”, CAEXPO serves as an international economic and trade event jointly confirmed by the leaders of China and ASEAN. 

NaaS Technology Inc. (NASDAQ: NAAS), a leading EV charging service provider, is poised to make its premiere at the event, and are set to showcase their innovative products and energy digitalization solutions at the expo. 

NaaS brings a broad portofolio of charing equipment especially for charging scenarios in ASEAN region, including 7kW/11kW/22kW wall-mounted AC piles, 150kW all-in-one high-protection DC fast-charging piles, 180kW/240kW high-power DC fast-charging piles, and 30kW wall-mounted DC fast-charging piles, etc., which are suitable for multiple scenarios such as home use, public station operation, high-speed service areas, fleet charging, and various destinations. 

The automatic charging robot also attracts wide attention, which is wholly designed in-house to streamline the charging process for the future EV ecosystem. Simply placing a order on mobile App would allow vehicle owners to witness the charging robot to complete automatic searching, accurate docking, automatic insertion of the charging gun, drive away and return to replenish, etc., thus effectively enhance the charging experience processes.

In the process of energy transition, the new energy industry stands as the frontier of globalization-a theme that resonates worldwide. Precedence Research’s data highlights that as of 2022, the global renewable energy market size reached USD 103.095 billion and is expected to elevate further to approximately USD 1998.03 billion by 2030.

Against this backdrop, ASEAN has also established ambitious goals for decarbonization and renewable energy development. The ASEAN Plan of Action for Energy Cooperation (APAEC) Phase 2 aims for a 23% share of renewable energy in the total primary energy supply (TPES) and a 35% share of renewable energy in the region’s installed power capacity by 2025.

The huge market potential has attracted heightened attention from an expanding array of global stakeholders, where NaaS seizes this opportunity well and makes prominent proceeds. As the first U.S. listed EV charging service company in China, NaaS provides one-stop EV charging solutions for charging station manufacturers, operators, OEMs and enterprises, supporting every stage of the station lifecycle.

According to its latest financial report, number of orders transacted through NaaS’ network reached 98.2 million in the first half of 2023, representing an increase of 110% YoY; and charging volume transacted through NaaS’ network reached 2,251 GWh, representing an increase of 112% YoY. As of June 30, 2023, more than 652,000 chargers in over 62,000 charging stations were connected and accessible on NaaS’ network. 

Recently, NaaS’ subsidiary Nengcang Technology has secured a RMB204 million energy storage order through strategic cooperation agreements with several enterprises, dedicated to improving photovoltaic-storage-charging integrated solutions. NaaS has also teamed up with Fortune 500 companies like Hyundai, PICC, CR, etc., so as to expand a broader range of business scenarios and help build ecosystem in new energy industry. The partnerships will bring out collaboration in charging infrastructure construction as well as digital and intelligent application of new energy. 

With its developed practices of energy digitalization in China, NaaS has also delivered solid movements of its internationalization layout in ASEAN and broader scope. Previously, in June, NaaS announced it had entered into a definitive agreement to acquire 89.99% of the issued and outstanding shares of Sinopower HK. On August 22nd, NaaS unveiled plans to fully acquire the Sweden-born leading EV charging solutions provider Charge Amps for SEK 724 million (USD $66.4 million), a landmark deal positioning the company to make significant strides to the global energy market, and its finale goal to become a leading player in the global new energy asset operation and management services market in the long term. 

CONTACT: Sabrina Wang, wangxuedong@newlink.com

Source: NaaS Technology Inc.

PR Newswire

ROYPOW Showcases its All-in-One Residential Energy Storage System at RE+ 2023

Leave a comment

LAS VEGAS, Sept. 15, 2023 /PRNewswire/ — Industry-leading lithium-ion battery and energy storage system supplier, ROYPOW unveiled its latest all-in-one residential energy storage system at the RE+ 2023 Exhibition, North America’s largest clean energy event, from September 12th to 14th, with a product launch scheduled on September 13th.

Numerous dealers sign agreements and explore exciting opportunities.
Numerous dealers sign agreements and explore exciting opportunities.

On the product launch day, ROYPOW invited Joe Ordia, a leading industry expert in home energy, including residential energy storage, and Ben Sullins, the tech YouTuber and influencer, to share their insights on how ROYPOW innovative residential energy storage systems contribute to users. Together with the media, they will explore the future of residential energy storage.

The ROYPOW residential energy storage system is an all-new solution for achieving home energy independence. Drawing from years of experience in lithium-ion battery systems and energy storage systems, ROYPOW’s residential system provides whole-home backup power with an impressive efficiency rate of 98%, a substantial power output of 10kW to 15 kW, and a capacity of up to 40 kWh. These combinations are powerful and will empower users to save electricity expenses by optimizing solar power utilization, promote energy freedom by seamlessly transitioning between PV-generated electricity and battery power consumption, and enhance electricity reliability by functioning as an off-grid system that ensures uninterrupted power to critical loads during outages with UPS-level switching time.

With an all-in-one design integrating the battery module, hybrid inverter, BMS, EMS, and more into a compact cabinet, ROYPOW’s residential energy storage system has the best of both worlds for aesthetic appeal and simplified installation. Within hours, it can be up and running, providing sufficient power to live off the grid. The modular design enables the battery modules to be stacked from 5 kWh to 40 kWh storage capacities to run more home appliances, including electric vehicle charging. Additionally, ROYPOW’s solution can be seamlessly integrated into new and existing PV systems.

Safety and intelligent management are also highlighted. The LiFePO4 batteries, the safest, most durable, and most advanced lithium-ion battery technology, have up to ten years of design life and will last over 6,000 cycles. Integrated aerosols and the RSD (Rapid Shut Down) & AFCI (Arc Fault Circuit Interrupter) help prevent electrical problems and fire, making ROYPOW one of the safest systems in the energy storage lineup. With Type 4X protections for water resistance and toughness in all weather conditions, owners will enjoy a significant reduction in maintenance costs. Conforming to the UL9540 for the system, UL 1741 and IEEE 1547 for the inverter, and UL1973 and UL9540A for the battery, it’s a powerful testament to the safety and performance of ROYPOW systems. Using the ROYPOW app or the web interface allows users to monitor solar generation, battery power and usage, and household consumption in real time. Users can set their preferences to optimize for energy independence, outage protection or savings all while controlling the system from anywhere with remote access. A key feature is Instant Alerts, which keep homeowners informed through notifications of system status, completely configurable by the user. 

To ensure peace of mind, ROYPOW systems carry a 10-year warranty. Moreover, ROYPOW has established a local network to provide all-around support for installers and distributors, from installation and sales training and online technical support to local warehousing of spare parts stock.

“As the world moves toward a cleaner and more sustainable energy future, residential energy storage systems that support whole-home power backup, high power capacity, enhanced intelligence, and more are the way to go, which is what ROYPOW works for, providing a promising way to produce and store renewable energy at the household level increasing energy resilience and self-sufficiency and reducing reliance on the grid,” said Michael, Vice President of ROYPOW Technology.

For more information and inquiry, please visit www.roypowtech.com.

We had Joe Ordia, the home energy guru, and Ben Sullins, the tech YouTuber, sharing their insights on how this innovative system empowers users.
We had Joe Ordia, the home energy guru, and Ben Sullins, the tech YouTuber, sharing their insights on how this innovative system empowers users.

PR Newswire

CORNEX Showcases Full Energy Storage Line-Ups at RE+, Bringing New Innovations that Drive Performance and Cost Efficiency

Leave a comment

LAS VEGAS, Sept. 13, 2023 /PRNewswire/ — CORNEX NEW ENERGY CO., LTD. (“CORNEX” or “the Company”), a global new energy company focused on the innovation of lithium-ion batteries, has come to RE+, the largest clean energy event in North America, showcasing its latest offerings that are at the cutting-edge of energy storage technology. Products highlighted at the CORNEX’s booth (L1, 21046) included its Conergy π 314Ah high-capacity battery cell and 5MWh liquid-cooling energy storage container, both equipped with CORNEX’s proprietary technology designed to maximize cost-effectiveness and efficiency.

CORNEX
CORNEX

Being held at The Venetian Convention and Expo Center, Las Vegas, from September 11 to 14, RE+ offers an unparalleled space for new energy players across the globe, once again staging a recording-breaking trade show that connects with over 27,000 attendees and 1,300 exhibiting companies.  Eying to create high-performance renewable energy products to empower the world to transition to cleaner, more sustainable energy sources, CORNEX aims to leverage the platform to unveil solutions with upgraded features developed to trim down costs while delivering better performance and stability.

“As CORNEX continues our path to explore new solutions to unlock the potential of renewable energy, we have hit a new technological milestone with our 280Ah energy storage solution that reduced the price to RMB 0.5 per Wh excluding tax, a standard-setting achievement that is set to usher in a new era for energy storage. Now, we have revved up our R&D efforts to further lower the costs for new energy investments, bringing our next-gen products that feature unmatched benefits that enable the world to accelerate toward energy transition and make clean energy accessible to all,” said Dai Deming, Chairman of CORNEX.

Conergy π 314Ah High-Capacity Battery Cell

Conergy π 314Ah high-capacity battery cell offers industry-leading performance and reliability that sets a new industry benchmark for energy storage solutions, crafted with innovative carbon-coating treatment and manufacturing process to boost its life cycle and quality to address challenges related to battery longevity and safety.  Thanks to the optimization of the electrolyte and the ceramic-coated separators for greater thermal stability, the cell’s design is effective in preventing internal short circuits and thermal runaways.

Conergy π 314Ah cell boasts new technological breakthroughs that allow it to achieve longer duration, with its single-cell energy capacity reaching up to 1,004Wh and a lifespan of over 12,000 cycles. Its enhanced electrolyte formula and pole lug structure result in a 15% reduction in internal resistance and a 10% decrease in temperature rise, coupled with special coating treatments and granulation process to ensure its stability for long-term use.

5MWh Liquid-Cooling Energy Storage Container

With Conergy π 314Ah cell as its core, CORNEX’s 5MWh liquid-cooling energy storage container features the “Submerge” battery safety system and high energy storage capacity, significantly lowering the initial investment for energy storage as well as the overall energy cost over its lifecycle. Meanwhile, the synergy of the Conergy π 314Ah cell and the container targets the need for an all-in-one, large-capacity energy solution that can withstand high temperatures, further expanding the possibilities of renewable energy integration.

As an innovation powerhouse in the new energy sector, CORNEX has rapidly risen to the forefront of energy storage since its inception in 2021 with its robust technological prowess and production capacity. The company has now established three manufacturing bases in Hubei, China, with a combined production capacity of 350GWh. On the R&D front, the Company has been granted over 1,500 domestic patents in China, securing its leadership as one of the leading forces that drive the changes in the renewable new landscape. Looking forward, CORNEX will continue to provide reliable and sustainable energy solutions that meet the global ever-evolving demands, facilitating the world to build more renewable power sources as it moves towards a greener future.

About CORNEX

As a new energy innovative high-tech enterprise, CORNEX NEW ENERGY CO., LTD. (“CORNEX”) focuses on the R&D, manufacturing, sales, and services of energy storage batteries, EV batteries, and energy management systems, and is committed to providing world-class solutions, products and services for new energy applications worldwide.

Source: CORNEX New Energy Co., Ltd.