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Hyosung Chairman Cho Hyun-Joon Aims to Make the Memphis Power Transformer Plant the Largest Transformer Factory in the U.S. SEOUL, South Korea, Dec. 12, 2025 /PRNewswire/ -- Hyosung Heavy Industries announced that it will invest $157 million in its Power transformer plant located in Memphis, Tennessee, to expand Power transformer production capacity by more than 50% by 2028. Hyosung Heavy Industries’ Power Transformer Plant in Memphis, Tennessee, USA Total $300 Million Investment Makes the Plant the Largest Transformer Facility in the U.S. Hyosung Heavy Industries' additional expansion follows the directive of Chairman Cho Hyun-Joon, who emphasized the need to establish a forward-looking operating framework that positions the company ahead of the curve in the AI-era power infrastructure market. Hyosung Heavy Industries has invested a total of $300 million, including the acquisition of the Memphis plant and this latest third-phase expansion. With this additional investment, the Memphis Power transformer plant will hold the largest production capacity in the United States. The Memphis plant is the only facility in the U.S. capable of designing and manufacturing 765kV Power transformers. The 765kV Power transformer, known for its high design and manufacturing complexity, significantly reduces transmission losses compared to existing 345kV or 500kV transformers. Through this investment, Hyosung Heavy Industries strengthens its position as the operator of the largest Power transformer production facility in the U.S., enhancing both technological competitiveness and local production and supply capabilities—solidifying its position as a leading company within the global power equipment industry's Big Four. The Outcome of Chairman Cho Hyun-Joon's Steadfast Leadership Chairman Cho has viewed establishing a U.S. production base as a key driver of competitiveness in the future power infrastructure market, leading to the acquisition of the Power transformer plant in Tennessee in 2020. The decision reflected his confidence in the long-term growth potential of the U.S. power market and the expansive site capabilities of the Memphis facility, despite internal concerns regarding various risks at the time of acquisition. Chairman Cho stated, "The future of the power industry lies not only in equipment, but in the capability to holistically manage power flow, storage, and stability," adding, "Based on our strengthened position in the North American market through this expansion, we will firmly establish our standing as a global total solutions provider." This year, Chairman Cho met with numerous Silicon Valley IT leaders and key figures in the global energy sector—including U.S. Secretary of Energy Chris Wright, Qatar Minister of State for Energy Affairs Saad Sherida Al-Kaabi, Oracle CEO Safra Catz, and International Energy Agency Executive Director Fatih Birol—to engage in in-depth discussions on industry transformation and potential collaborations. In particular, he met with Senator Bill Hagerty three times this year, including during the "Korea-U.S.-Japan Economic Dialogue" last October, maintaining close communication. He also met with Tennessee Governor Bill Lee and agreed to collaborate in making the Memphis plant a core hub for the North American power industry.
PALERMO, Italy, Dec. 11, 2025 /PRNewswire/ -- JA Solar, a global leader in photovoltaic products and integrated energy solutions, announced the successful commissioning of a solar-plus-storage microgrid at a modern C&I facility in Sicily. This project represents a practical implementation of JA Solar's "PV+Storage+X" model - a flexible approach that combines solar generation and battery storage with specific industry applications ("X") to deliver tailored, sustainable energy solutions. Designed under this paradigm, the system combines 3.2 MW of existing and 2 MW newly installed solar capacity with a 2.61 MWh battery energy storage system, delivering three benefits: maximized renewable self-consumption, improved energy resilience and a significant reduction in energy costs and carbon emissions. The project demonstrates how JA Solar's model moves beyond generic hardware to deliver complete solutions. Built on robust solar and storage technology, each solution is tailored to the specific operational patterns, geographic conditions and business priorities of the industry served. Key Implementation Features: Intelligent Energy Management: The system utilizes JA Solar's advanced control technology combined with a locally-sourced Italian Energy Management System (EMS) to optimize energy flows between solar generation, battery storage and facility consumption in real time. Operational Reliability: The storage system provides backup power, ensuring a stable, clean energy supply during grid outages and reducing reliance on backup diesel generators. Environmental Resilience: Engineered for Sicily's coastal environment, the system features enhanced protection against high humidity, salt corrosion and temperature extremes. Future-Ready Scalability: The modular design supports expansion as the facility's energy needs evolve. The Sicily installation exemplifies JA Solar's growing global portfolio of "PV+Storage+X" deployments across mining, manufacturing, agriculture and industrial parks. It confirms that energy storage delivers the greatest value when fully integrated into real operating conditions. With this approach, JA Solar not only meets today's energy requirements but also future-proofs investments, enabling participation in advanced energy markets such as virtual power plants (VPPs) and grid-balancing services. About JA Energy Storage JA Solar is one of the world's leading brands in photovoltaic solutions, recognized for its quality, efficiency and technological track record. Its energy storage business, JA Energy Storage, provides customer-centric solutions for utility, commercial & industrial, and residential applications — reinforcing JA Solar's commitment to delivering comprehensive "PV + Storage + X" solutions that address the growing demand for energy autonomy, resilience, and flexibility in today's dynamic market. For more information, visit www.jasolar.com/ess
MATSUSAKA, Japan, Dec. 11, 2025 /PRNewswire/ -- SINEXCEL (300693.SZ) has successfully completed the installation of its first utility-scale 2MW/8MWh energy storage project in Matsusaka, Japan. This milestone marks a major breakthrough in a market known for its stringent grid requirements, reflecting over five years of localized development and steady growth. Enhancing Grid Stability for Matsusaka's Industrial Hub Located in one of Japan's key manufacturing clusters, the 2MW/8MWh project requires exceptionally high standards for power continuity and power quality. The system integrates two units of SINEXCEL's 1375 kW PCS and, once operational, will deliver peak shaving and frequency regulation to support the region's industrial operations while maximizing the use of green energy. SINEXCEL Completes Installation of Its First 2MW/8MWh Utility-Scale Energy Storage Project in Japan Core Technology Ensuring Grid Stability SINEXCEL's 1375kW Power Conversion System (PCS) is engineered to address complex grid connection and seismic requirements, delivering: Precision Control: Featuring millisecond-level power response, the PCS efficiently regulates voltage, current, and frequency to counter sudden grid fluctuations. Power Quality Management: Beyond bi-directional power flow, the equipment proactively supports grid voltage and provides reactive power compensation, significantly enhancing system stability. Safety & Efficiency: Designed for utility-scale applications, the modular design incorporates multi-layer protection mechanisms to ensure lifecycle safety while substantially reducing O&M costs. Underscoring this reliability is the 1375kW PCS's global track record. The system meets rigorous international standards, holding comprehensive safety and grid certifications for North America, Germany, the UK, Spain, and Poland, ensuring world-class interoperability and performance. From 30kW to 2MW: Deepening Commitment to Japan Over the past five years, SINEXCEL has completed more than 50 projects across Japan, progressing from early 30 kW and 500 kW distributed solutions to today's megawatt-level utility deployment. The Matsusaka installation validates SINEXCEL's mature delivery capabilities in the high-voltage sector. Looking ahead, SINEXCEL remains committed to leveraging innovative power electronics to drive grid modernization and build a zero-carbon future for Japan and beyond. About SINEXCEL Founded in 2007, SINEXCEL is a pioneer in energy storage, EV charging and power quality solutions. With 12 GW of installed storage, 140,000 EV chargers and nearly 20 million amperes of AHF deployed, SINEXCEL partners with industry leaders like EVE Energy and Schneider Electric to empower energy freedom. Contact: melody_yu@sinexcel.com
In the news release, Trina Storage and Lightshift Energy Strengthen Strategic Partnership Through Planned Deployment of 1 GWh of Grid-Scale Energy Storage Systems, issued 10-Dec-2025 by Trina Storage over PR Newswire, we are advised by the company that the product name should read "Elementa 2.0 & 2.5" rather than "Elementa Pro" in the second paragraph and the photo and photo caption have been updated, rather than the one as originally issued inadvertently. The complete, corrected release follows: Trina Storage and Lightshift Energy Strengthen Strategic Partnership Through Planned Deployment of 1 GWh of Grid-Scale Energy Storage Systems This major milestone reinforces both companies' long-term commitment to delivering reliable, high-performance energy storage solutions across North America FREMONT, Calif., Dec. 10, 2025 /PRNewswire/ -- Trina Storage, a global leader in energy storage, announced its expanding strategic partnership with Lightshift Energy (Lightshift), a leading U.S. developer, owner, and operator of energy storage systems. This partnership will deliver a portfolio greater than 1 GWh of energy storage projects across the United States. Trina Storage and Lightshift Energy strengthen their strategic partnership with a new 1 GWh portfolio across the U.S. The portfolio will utilize Trina Storage's Elementa 2.0 & 2.5 energy storage solution, which is engineered for high efficiency, intrinsic safety, and dependable performance under diverse operating conditions. These installations will support utilities and local communities through enhanced grid stability, peak load management, and flexible capacity as increased power demand and extreme weather threaten grid stability nationwide. The partnership will strengthen Lightshift's unique position deploying fleets of distribution-connected batteries, enabling fast, scalable delivery and direct support for load growth while improving reliability and generating significant savings for Lightshift's customers. Trina Storage and Lightshift have previously demonstrated successful collaboration and strong execution, including four projects in Groton, Holden, and Paxton, Massachusetts in 2024. During a Northeast heatwave, Trina Storage commissioned two sites ahead of schedule, providing critical capacity to local utilities during periods of elevated demand. These results highlighted the effectiveness of coordinated planning, responsive delivery, and consistent system performance in the field. The continuing partnership and large GWh portfolio highlights Trina Storage's expertise in U.S. energy storage project engineering, certification, commissioning, and operations. Supported by regional teams and partners, the company delivers local system integration, EMS coordination, grid testing, and onsite commissioning, ensuring efficient project execution and reliable performance. "We are pleased to continue our collaboration with Lightshift through this significant milestone," said Doug Alderton, Head of Sales, Trina Storage North America. "Our earlier joint projects demonstrate what our strong partnership can accomplish under demanding conditions. Trina Storage is dedicated to delivering more reliable, flexible energy storage to communities across the U.S. and we look forward to supporting Lightshift in making our shared vision a reality." "Lightshift is committed to scaling high-value storage assets that support the reliability and evolution of the U.S. power system," said Mike Herbert, Managing Partner at Lightshift Energy. "We are proud to continue our work alongside Trina Storage on projects that advance our strategy and reflect our continued focus on delivering solutions that strengthen grid resilience, address load growth, and provide consistent, high-quality performance for the customers and communities we serve." As Trina Storage further grows its presence in North America, this expanded partnership highlights the company's long-term commitment to supporting secure, efficient, and resilient energy infrastructure for the future.
NEW YORK, Dec. 10, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. NYSE Content Advisory: Pre-Market Update + Magnum is World's Largest Ice Cream Business after Spinoff Kristen Scholer delivers the pre-market update on December 10th Stocks are little changed as traders await the Federal Reserve's final policy announcement of the year, with uncertainty around next year's interest rate path amid a weakening jobs market and persistent inflation. Magnum Ice Cream (NYSE: MICC) is set to ring the Opening Bell. The Amsterdam-based ice cream giant recently spun off from NYSE-listed Unilever. The company owns brands like Breyers, Good Humor, and Klondike. NYSE-listed GE Vernova shares jumped double digits after the company raised its multi-year outlook and doubled its quarterly dividend to $0.50 per share; CEO Scott Strazik joins NYSE Live after the opening bell. Opening BellThe Magnum Ice Cream Company (NYSE: MICC) celebrates its listing Closing BellThe 27th Annual Capital Link Invest in Greece Forum celebrates the business and investment ties between the U.S. and Greek Communities Click here to download the NYSE TV App
NINGBO, China, Dec. 10, 2025 /PRNewswire/ -- Recently, Risen Energy announced the signing of a 3 GWh energy storage system cooperation MOU with WEG, a leading Brazilian industrial giant. Pursuant to the MOU, Risen Energy will supply WEG with advanced utility-scale and commercial & industrial ESS from 2026 to 2028, supporting global energy structure optimization and the green, low-carbon transition. Founded in 1961 and headquartered in Santa Catarina, Brazil, WEG is one of Latin America's largest electrical equipment manufacturers, with operations spanning over 140 countries worldwide. The company has deep expertise in renewable energy, industrial energy efficiency, and smart grid technologies. In recent years, WEG has actively expanded into energy storage and integrated energy services, aiming to deliver efficient, reliable, and sustainable energy infrastructure across global markets. Risen Storage has been dedicated to the lithium battery industry for 20 years, integrating R&D, manufacturing, sales, and services. Its products include PCS, BMS, EMS, C&I, and Utility-Scale ESS. Notably, its Energy Storage Battery System was the first in China to achieve UL9540A certification in both the U.S. and China. Through the deep integration of 4S technology, Risen Storage has developed self-engineered BESS solutions for all applications. These solutions are applicable in renewable energy integration, peak shaving, frequency regulation, demand response, backup power, microgrids, and other applications. The company remains committed to transforming the energy landscape through technological innovation. This strategic partnership not only marks a critical step forward for Risen Energy and WEG in building next-generation power systems but also represents a truly global collaboration. Risen Energy will supply ESS for WEG's projects across multiple regions—including South America, North America, Europe, Africa, and Australia—signaling an upgrade from regional cooperation to a comprehensive global strategic alignment. In fact, Risen Energy and WEG have a long-standing partnership in the photovoltaic sector. This expanded collaboration into energy storage underscores WEG's renewed confidence in Risen Energy's technical capabilities and global delivery track record. From bringing stable electricity to remote villages in South America and lighting up thousands of households, to enabling energy transitions for industrial parks in North America; from supporting residential solar-plus-storage systems in Europe to empowering off-grid communities in Africa with green microgrids—Risen Energy's business now spans more than 90 countries and regions worldwide. Moving forward, Risen Energy will continue to partner with WEG and other global collaborators, leveraging its safe, reliable, and fully in-house developed solar-plus-storage technologies to deploy green energy solutions across diverse regions and applications—accelerating the global transition toward a more efficient, resilient, and sustainable energy system.
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