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HEFEI, China, Dec. 6, 2024 /PRNewswire/ -- From November 26 to 27, Sungrow successfully hosted the Southeast Asia (SEA) Renewable Energy Summit at its headquarter tower, welcoming distinguished clients from the region to discuss the future of green energy. The two-day event featured advanced technology showcases, in-depth industry discussions, and site visits, further solidifying Sungrow's partnerships and collaboration with clients across Southeast Asia. The summit offered attendees a comprehensive view of Sungrow's cutting-edge innovations in energy storage and hydrogen technology. Participants toured the company's showroom, Battery Energy Storage System (BESS) plant, and hydrogen energy facility. At the showroom, visitors learned about Sungrow's development history and cutting-edge energy solutions, including the latest inverters, high-efficiency battery energy storage systems (BESS), and hydrogen energy solutions, all of which demonstrate great potential in supporting the transition to sustainable energy and enhancing grid stability. During the BESS plant visit, guests observed the manufacturing process of advanced storage equipment and learned about its critical role in balancing power supply and demand. At the hydrogen energy facility, participants gained insights into Sungrow's latest advancements, showcasing the potential of green hydrogen in transforming the energy landscape. A highlight of the summit was a visit to the Tai'erzhuang power station, where attendees witnessed the operational capabilities of Sungrow's PT1.0 and PT2.0 systems. Live demonstrations illustrated how these systems ensure grid stability and support intelligent grid development. The summit also provided an in-depth look at Sungrow's industry-leading grid-forming technology, a key enabler of stable and reliable grids. The company shared its comprehensive approach to after-sales project management and lifecycle power station operations, offering valuable insights for optimizing energy project performance. Michael Ruan, Southeast Asia Regional Manager of Sungrow, stated: "Sungrow will continue to uphold its spirit of innovation and work closely with our customers, remain committed to advancing green energy technology and sustainable development, working alongside our partners to create a brighter energy future." About Sungrow Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world's No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we're committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com.
LISHUI, China, Dec. 5, 2024 /PRNewswire/ -- CN Energy Group. Inc. (NASDAQ: CNEY) ("CNEY" or the "Company") today announced that it entered into Warrant Inducement Agreements with certain holders (each, a "Holder") of the Company's existing ordinary share purchase warrants issued in January 2023 (the "Existing Warrants"), covering up to an aggregate of 6,576,278 class A ordinary shares of the Company, no par value (the "Ordinary Shares"), pursuant to which (i) the exercise price of the Existing Warrants will be reduced from $1.4529 per share to $0.32 per share (the "Reduced Exercise Price") to the extent exercised by each Holder, and (ii) in exchange for each Holder's cash payment of the Reduced Exercise Price of the Existing Warrants in part or whole, the Company will issue new unregistered ordinary share purchase warrants (the "New Warrants"), to incentivize the Holders to exercise the Existing Warrants in cash. The New Warrants will be immediately exercisable upon issuance, have an exercise price of $0.32 and will expire January 5, 2028. The Holders will have until January 5, 2025 to exercise such Existing Warrants at the Reduced Exercise Price and receive New Warrants. The issuance of the Existing Warrants and the issuance of the Ordinary Shares upon exercise thereof have been registered on a registration statement previously filed with and declared effective by the Securities and Exchange Commission. The Company also agreed to file a registration statement covering the resale of the Ordinary Shares issued or issuable upon the exercise of the New Warrants (the "Warrant Shares"). The New Warrants and Warrant Shares were offered in reliance upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933, as amended. As of December 4, 2024, the Company had 8,218,764 Class A ordinary shares issued and outstanding. Aegis Capital Corp. is acting as the exclusive placement agent for the offering. About CN Energy Group. Inc. CN Energy Group. Inc. is currently listed on NASDAQ under the symbol "CNEY." With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental and ecologic benefits. CNEY's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises. For more information, please visit the Company's website at www.cneny.com. Forward-Looking Statements Certain statements, other than statements of historical facts, made in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and the impact it may have on the Company's operations and the demand for the Company's products, and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial conditions, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate, " "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to refer to its filings with SEC, including without limitation, Company's registration statements and other filings with the SEC that set forth certain risks and uncertainties that may have an impact on future results and directions of the Company.
DEZHOU, China, Dec. 5, 2024 /PRNewswire/ -- As the cold winter wind gradually rises, many parts of the country are experiencing peak electricity consumption periods. In order to ensure that the general public can enjoy stable and reliable power supply in the cold winter, State Grid Shandong Linyi County Power Supply Company, the affiliate of State Grid Dezhou Power Supply Company, has taken active actions, fully launched the peak winter power supply guarantee work, and made every effort to ensure the safety and stability of power supply. Faced with the peak electricity consumption in winter, State Grid Linyi County Power Supply Company has planned ahead, carefully deployed, and coordinated efforts from top to bottom. We have developed a series of scientific and effective measures to ensure power supply from multiple aspects such as production scheduling, operation and maintenance management, and customer service. Solidly carry out hidden danger investigation for sensitive and important users. Strictly following the requirements of the peak winter power supply plan, a safety hazard investigation was carried out on 62 heating pump stations and 7321 coal to electricity users in the county. A total of 247 hidden dangers have been identified, 224 have been rectified, and 23 are currently under rectification. Implement the principle of "one stop, multiple uses" for autumn inspection, and use maintenance opportunities to urge 12 users to complete equipment preventive tests. Conduct a detailed investigation of load resources. The power load management center of the company has been authorized by the government seal, adhering to the principle of "priority of demand response, orderly use of electricity to support the bottom, and energy-saving use of electricity assistance". It has established a load resource pool of 46700 kWh for demand response, 169800 kWh for orderly use, and 3400 kWh for off peak maintenance, ensuring that it can "pull, withstand, and win" at critical moments. Promote the safety improvement of metering and charging facilities. In accordance with the requirements of the owner system management of measuring equipment, the establishment of measuring boxes and the survey of measuring devices were carried out in each area. A total of 70500 measuring boxes were inspected, 24500 measuring points were inspected, more than 7000 old and damaged measuring boxes were replaced, and more than 200 flammable materials were cleaned up around the measuring station area to ensure safe operation. Continuously monitor the operation status of charging and swapping equipment, post safety charging instructions, and ensure that 36 charging stations operate well, safely, and reliably. In addition, State Grid Linyi County Power Supply Company has strengthened the inspection of power grid equipment, unmanned aerial vehicle inspection, online monitoring, etc., to improve the intelligence level of power grid operation and maintenance. Next, State Grid Linyi County Power Supply Company will continue to adhere to the service tenet of "people's electricity for the people", continuously improve its power guarantee capability and service level, actively respond to possible severe weather such as heavy snowfall, strong cooling, and strong winds, ensure calm response to extreme weather, and fight the "defense war" of winter power supply.
BAZHOU, China, Dec. 5, 2024 /PRNewswire/ -- On November 22, a drone from State Grid Bazhou Power Supply Company, after completing its inspection of electrical equipment, gently landed at the nest located atop Tower No. 30 of the Baling-I Line 220kV transmission tower in Bayingol. This marks the official operation of Xinjiang Power Grid's first photovoltaic energy storage grid inspection "tower-based" drone. The photovoltaic energy storage grid inspection "tower-based" nest serves as a dedicated station for the inspection drone, offering one-stop, full-process, and all-encompassing services. Upon completing its inspection duties, the drone autonomously returns to the nest for recharging and data transmission. This system significantly enhances operational efficiency, achieving nearly ten times the effectiveness of traditional manual inspections. Conventional fixed drone nests are limited by power supply constraints, typically installed in power substations and connected to the grid. As a result, they cannot meet the inspection demands of all transmission lines. In contrast, the photovoltaic energy storage "tower-based" nest fully utilizes Xinjiang's abundant sunlight by employing a "photovoltaic + energy storage" system to power the nest. During sunny days, the photovoltaic system directly powers the nest, while excess energy is stored in the energy storage equipment. In the evening or during periods of insufficient sunlight, the energy storage system releases the stored energy, ensuring the nest operates continuously, improving both its stability and reliability. Operation and maintenance personnel can monitor the real-time performance of the photovoltaic system and the charging and discharging conditions of the nest's batteries via an intelligent management platform, ensuring uninterrupted power supply to the tower-based nest. Moving forward, State Grid Xinjiang Electric Power Company plans to use the first photovoltaic energy storage grid inspection "tower-based" drone nest in Bayingol as a pilot project. This will accelerate construction and pave the way for the creation of a smart inspection demonstration area in southern Xinjiang.
Innovative Technology Reshapes the New Energy Vehicle Landscape HONG KONG, Dec. 5, 2024 /PRNewswire/ -- Leading Chinese automobile manufacturer Geely Auto Group (collectively referred to as "Geely" or the "Group") has announced that the all-new battery electric SUV GEELY EX5 formally launches in Hong Kong on 5 December, making its official debut at the International MotorXpo Hong Kong (IMXpo) 2024. This marks an important strategic initiative for Geely as it continues to expand its presence in overseas markets through star products, further enhancing its brand influence internationally. Geely Auto Group is a subsidiary unit of Zhejiang Geely Holding Group, employing more than 50,000 people. It operates 17 plants and five global R&D centers in Hangzhou and Ningbo, China; Gothenburg, Sweden, Coventry, England and Kuala Lumpur, Malaysia. Geely's subsidiary, Geely Automobile Holdings Limited (stock code: 175.HK), listed on the Hong Kong Stock Exchange, is a constituent of the Hang Seng Index, and has been included in the Hang Seng Corporate Sustainability Index for two consecutive years, with a total market capitalization exceeding HKD 100 billion. To ensure smooth business operations in Hong Kong, Geely has appointed Zhilian Zhili New Energy Auto Service (Hong Kong) Limited as its official authorized dealer, responsible for GEELY EX5 sales and after-sales service, to ensuring local users receive professional and convenient customer experience. The expansion into Hong Kong is an important step in Geely's globalization strategy. Geely is focusing on expanding into countries along the "One Belt One Road" initiative, including Eastern Europe, the Middle East, Southeast Asia, Africa, and South America, establishing over 600 overseas sales points, the goal is to achieve overseas sales of 600,000 vehicles by 2025. The globalization of GEELY EX5 not only demonstrates Geely's technical strength in the field of new energy vehicles but also reflects its strategic ambition to face the global market and allows more global users to enjoy a smart and environmentally friendly driving and riding experience. GEELY EX5, set to launch in Hong Kong, made its official debut in mainland China earlier this August (known as the "Galaxy E5") as the first battery electric SUV in Geely's Galaxy series, utilizing the Geely Galaxy Electric Architecture (GEA) platform and featuring a minimalist design to meet the demand for superior electric SUVs in Hong Kong. GEELY EX5 achieved 20,000 deliveries within 45 days of its launch, becoming the A-segment battery electric SUV to reach this milestone, leading in both "traffic" and "sales volume." Within 100 days of launch, delivery volume exceeded 50,000 units, demonstrating remarkable sales performance. Equipped with the world's first "11-in-1 intelligent electric drive system", which integrates 11 core components—including the motor, electronic control, and decelerator—into just 0.079 cubic meters, it significantly reduces the high center of gravity typical of traditional SUVs and enhances cornering control. On the track, the exclusive GEA chassis and an ultra-low wind resistance of 0.269 Cd ensure greater stability at high speeds, redefining the SUV driving experience. GEELY EX5 will begin deliveries in the first quarter of next year and is currently accepting pre-orders. This battery electric SUV is priced between HK$200,000 and HK$240,000, targeting urban tech-savvy consumers. Geely's first automotive showroom in Hong Kong is located on Gloucester Road in Wan Chai, a prime location with excellent visibility and high foot traffic. The showroom includes a spacious delivery area, making it convenient for customers and visitors. With multiple electric vehicle models, including GEELY EX5, on display, this street is expected to develop further into a new energy vehicle hub, injecting fresh momentum into environmentally friendly urban travel. Geely International Sales Company General Manager Song Jun stated: " GEELY EX5 was created to become a leader in the most competitive market segment. It offers more space, improved driving dynamics, and an enhanced ride experience." GEELY EX5 Specifications: Transmission: 11-in-1 high-performance intelligent electric drive Torque: 320 Nm 0 to 100 km/h: Under 7 seconds (Official Number) Maximum Output Power: 160 kW Battery: New Geely short blade battery, CTB (cell-to-body) integrated structure Dimensions: 4,615 x 1,901 x 1,670 mm Wheelbase: 2,750 mm Price: HKD 200,000 to 240,000 About Geely Auto Group Geely Auto Group was founded in 1997 as a subsidiary unit of Zhejiang Geely Holding Group (ZGH). The group manages several leading brands including Geely Auto, Lynk & Co, and Zeekr. The group has five global R&D centers in Hangzhou and Ningbo, China; Gothenburg, Sweden, Coventry, England and Kuala Lumpur, Malaysia. Geely Automobile Holdings Limited (175.HK) is an automobile manufacturer, focusing on development, manufacturing, and sales of passenger vehicles. The Group sells various vehicle models under three brands including Geely, ZEEKR and its joint venture brand, Lynk&Co. It is a subsidiary company holding controlling stakes in Geely Auto, which has been listed on the Hong Kong stock exchange since 2005. Official Website of Geely's Authorized Distributor in Hong Kong: https://geelyhongkong.com/
The Kia PV5 named the 'One to Watch' at What Van? Awards Marks the first UK award for Kia's forthcoming electric vans Kia's first electric van, the PV5, is due for launch in the UK in 2025 SEOUL, South Korea, Dec. 5, 2024 /PRNewswire/ -- The Kia PV5 has won the prestigious 'One to Watch' Award at the What Van? Awards 2025, ahead of the production-design reveal and ultimate launch of Kia's first electric van next year. Kia Wins First UK Award for PV5 Van The What Van? Awards celebrate the brands, businesses and organisations within the UK's light commercial vehicle industry that have reached the pinnacle of their fields, with an appropriately business-focused event that took place on Wednesday, 4 December at the London Hilton Bankside hotel. The What Van? Awards are assessed by an experienced panel of independent judges from across the light commercial vehicle sector. The 'One to Watch' award is only given to the most appealing and interesting vehicle set to change, invigorate or even disrupt the sector. On behalf of the 2025 awards judging panel, James Dallas, Editor of What Van? commented: "Kia's entry into the LCV market with this versatile, modular van promises to signal the shape of things to come for electric load carriers." Simon Hetherington, Kia UK's Commercial Director said: "Kia's entrance in the van industry is a ground-breaking moment for our brand and comes at a time of significant industry change. We gratefully accept What Van?'s 'One to watch' award and we are all very proud of this recognition." The Kia PBV story in brief Kia PBV vans are a core part of the brand's 'Plan S' global business strategy, first unveiled in January 2020. In April 2023, Kia broke ground on a brand new dedicated electric van factory. The first PBV concepts, including Concept PV5 and Concept PV7, were unveiled in January 2024 at CES in Las Vegas, showcasing Kia's pioneering intentions in the commercial vehicle space. The Kia PV5 – Kia's first dedicated electric van due for launch in 2025 – brings innovation to the light commercial vehicle sector, including unparalleled technology such as V2L and incorporated fleet management solutions. In early 2025, Kia will reveal the production version of the Concept PV5 van for the first time and soon after will introduce full specifications, pricing and UK business strategy. For more information about Kia, please visit https://www.kianewscenter.com/.
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