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GGE enters into LOI to invest $6 million as part of long-term deal to improve lithium-ion battery recycling in U.S. HOUSTON, March 2, 2023 /PRNewswire/ -- Green Giant Inc. (NASDAQ: GGE) ("GGE", "Green Giant" or the "Company"), today announced that ACE Green Recycling Inc. (ACE), an innovative recycling platform for battery materials, and Green Giant Energy Texas Inc. (GGE Texas), a subsidiary of GGE, entered into a letter of intent (LOI) for a strategic partnership to build a commercial lithium-ion battery recycling plant in the greater Houston area and boost sustainable battery recycling in North America. The two companies signed a non-binding LOI to form a joint venture (JV) that will develop and operate the recycling plant, which will be located on land purchased by GGE Texas who will also fund the build-out of the plant with a $3 million investment. The JV will use ACE's proprietary technology and process for sustainably recycling lithium-ion batteries, including end-of life batteries, rejected batteries and other defective batteries sourced from around the region. Once completed, the facility will incorporate ACE's modular equipment design to recycle an estimated 1,800 metric tons of lithium batteries per year. GGE Texas CEO Junaid Ali said, "Our partnership with ACE furthers our goal of investing in, developing and servicing green energy projects that provide solutions to clean energy transition challenges. The development of a sustainable lithium-ion battery recycling facility in Houston will not only advance circularity of battery materials in the U.S. but will also create positive economic growth for this market." In addition to setting forth the blueprint to build a greenfield lithium-ion battery recycling facility through the JV, the LOI also stipulates GGE Texas will invest a separate $3 million toward ACE's global operations. Other areas of collaboration in the strategic partnership include providing electricity and solar power solutions for ACE facilities, solar panel recycling, feedstock and equipment procurement, and the sharing of engineering, construction management, operations and maintenance resources to optimize the new Texas facility as well as other ACE facilities. "We are excited to expand our operations in Houston with our clean battery recycling solutions and are delighted to partner with GGE Texas to create a sustainable, closed-loop battery value chain for the U.S.," said Nishchay Chadha, co-founder and CEO of ACE. "This partnership demonstrates that ACE's modular commercial solutions can help advance electrification in the U.S. with low capital requirements and grow the operations as the EV market grows." GGE Texas is in the business of partnering with companies to fund and develop green energy solutions to reduce their carbon footprint and help conquer clean energy transition challenges. ACE has developed a portfolio of proprietary, Scope 1 emissions-free technologies to recycle lead-acid and lithium-ion batteries (LAB and LIB) to capture their critical materials. ACE's proprietary technology is powered exclusively by electricity, emits zero greenhouse gases and is believed to have market-leading recovery yields. Both ACE and GGE Texas are committed to a clean energy transition and, through this strategic partnership, will seek to bring more green energy projects to life. Disclaimer Completion of the transactions set forth in the LOI is subject to due diligence investigations by the relevant parties, the negotiation and execution of definitive agreements, satisfaction of the conditions negotiated therein, and the satisfaction of other customary closing conditions. There can be no assurance that definitive agreements will be entered into or that the proposed transactions will be consummated. Further, readers are cautioned that those portions of the LOI that describe the proposed transactions are non-binding. Forward-Looking Statements This press release contains forward-looking statements, which are subject to change. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All "forward-looking statements" relating to the business of ACE and GGE and the transactions between the parties which can be identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties which could cause actual results to differ. These factors include but are not limited to regulatory approvals, unexpected changes in technologies, uncertainties inherent in technological development, scaling and roll out, intellectual property protection and other factors affecting the parties business and the proposed JV; as well as the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in definitive agreements, the outcome of any legal proceedings that have been, or will be, instituted against the parties to the LOI following announcement of the LOI and transactions contemplated therein; the inability to complete the transactions contemplated by the LOI due to unsatisfied closing conditions; risks that the proposed transactions disrupt current plans and operations as a result of the announcement of the LOI and consummation of the transactions described therein; costs related to the proposed transactions; and those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by GGE. Please refer to the GGE's Annual Report on Form 10-K for the fiscal year ended September 30, 2021, 2022 and other filings with the SEC, for specific details on risk factors. Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. GGE's actual results could differ materially from those contained in the forward-looking statements. GGE undertakes no obligation to revise or update its forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. About Green Giant Ltd. For further information about Green Giant Ltd. (NASDAQ: GGE), please go to www.gge.com. About ACE Green Recycling For further information about Ace Green Recycling, please go to www.acegreenrecycling.com.
HANOI, Vietnam, March 2, 2023 /PRNewswire/ -- Yadea Group, the world's leading electric two-wheeler brand, has staged a major dealer and product launch event in Vietnam's capital of Hanoi, as part of its ambitious efforts to expand globally. On February 24, Yadea Group held the 2023 Yadea New Product Launch and Vietnam Dealer Conference at the National Convention Center in Hanoi, Vietnam, with local government leaders in attendance. Yadea Group executives and more than 500 local dealers took part in the event. At the event, the company launched three new products, namely, the YADEA VoltGuard scooter, YADEA Fierider and YADEA Keeness electric motorcycle. All featuring premium-level quality and an exceptional rider experience, Yadea believes these new products can not only meet users' daily commute expectations, but also expand on applications for situations in which riding electric two-wheelers is suitable, helping more people transition to green solutions. "Vietnam is home to a large young population, a dynamic economy, and possesses great development potential with a strong demand for light electric two-wheelers," said Jerry Zhou, President of high-end and overseas business group at Yadea. "Yadea remains committed to upgrading mobility solutions for users all around the world by employing technological innovations. We are confident that more and more Vietnamese consumers will get to experience the convenience, cost-effectiveness, and environmental friendliness of electric bikes in 2023." "Areas of Vietnam are actively laying the groundwork for the construction of low-emission zones in anticipation of ambitions for the entire country to achieve sustainable development, and Yadea is proud to be part of this process," said Zhou. "We believe that with our joint efforts, Yadea will help further increase the proportion of zero-emission electric mobility across urban areas of Vietnam, thus reducing CO2 emissions and helping the country implement its energy-saving and sustainable development strategy. Under its "Electrify Your Life" mission, Yadea has always followed a path of green and low-carbon development. In 2019, the company officially established a factory in Vietnam, gradually entering the market. Four years of expansion later, the company operates in strict adherence with national standards and regulations as a user-centric enterprise in Vietnam. Yadea meets users' needs for new energy mobility solutions based on high-performance products and services. With excellent quality, sleek aesthetics, premium performance and committed customer service, Yadea has won the favor of hordes of consumers in the country as well as the trust of Vietnamese government, local media and integral partners. About Yadea Yadea is a global leader in developing and manufacturing electric two-wheel vehicles including electric motorcycles, electric mopeds, electric bicycles and electric kick scooters. To date, Yadea has sold products to 70 million users in over 100 countries and regions, and has a network of 40,000+ retailers worldwide. With a mission to help people "Electrify Your Life", Yadea continues to invest in R&D, production and global expansion to build a shared and sustainable future for mankind. Official Website: https://www.yadeavietnam.vn/ Facebook: https://www.facebook.com/yadeabrand Instagram: https://www.instagram.com/yadeavietnam TikTok: https://www.tiktok.com/@yadeavn
JAKARTA, Indonesia, March 2, 2023 /PRNewswire/ -- Trina Solar, the leading global PV and smart energy total solution provider, sees that Indonesia has enormous potential for solar energy and that solar is the best source of renewables to meet the nation's targets. Trina Solar_ Yabes Supit (sales manager Indonesia) and Elva Wang (head of Southeast Asia) The government has set a target of renewable energy accounting for 23% of the energy mix by 2025 and 31% by 2050. Renewables today accounts for 11-14% of Indonesia's energy mix. But the challenge for Indonesia is ensuring renewables growth not only keeps up with the growth in energy consumption – as the population and economy grows – but it must exceed that so Indonesia can achieve its renewable energy targets. The Indonesia Energy Transition Outlook, a report issued by the International Renewable Energy Agency (IRENA) and Indonesia's Ministry of Energy and Mineral Resources last October, forecast that Indonesia's population will reach 335 million people over the coming three decades. And it forecast that electricity demand will grow at least fivefold to over 1,700 terawatt hours (TWh) by 2050. The report recommended scaling up key renewable power resources such as solar. Coal still accounts for more than 40% of Indonesia's energy mix and 60% of electricity generation. Solar, meanwhile, represents a smaller percentage than hydro-electricity and geothermal. This is contrary to the global trend. IRENA says the world in 2021 added almost 257 gigawatts (GW) of renewables; 133 GW from solar. Indonesia's solar energy capacity in 2021 increased 14% to 211 megawatt (MW) from 185MW, says IRENA. Indonesia ranks seventh in Southeast Asia for solar energy. Solar energy capacity in Southeast Asia as of end of 2021 Country Solar capacity (MW) Growth y-on-y 1 Vietnam 16,600 0 % 2 Thailand 3,049 2 % 3 Malaysia 1,787 20 % 4 Philippines 1,370 29 % 5 Singapore 433 15 % 6 Cambodia 428 36 % 7 Indonesia 211 14 % Source: IRENA Renewable Energy Capacity Statics Report Trina Solar head of Southeast Asia, Elva Wang, says: "For Indonesia to transition to clean energy and meet its targets, the county must accelerate the deployment of solar energy. Solar is the right choice as it is readily available and can be quickly deployed. Indonesia is a great untapped market for solar energy. There is a huge need that we can fulfil with our market leading solar modules, trackers and integrated solutions," she adds. Solar modules can be installed quickly on rooftops and vacant land. Trina Solar serves all market segments: residential, commercial and industrial (C&I), and utility-scale. Solar gives residences and C&I businesses the freedom to meet their own energy needs, mitigate rising electricity prices, and contribute to the transition to renewables and the fight against climate change. Solar modules are the most cost-effective solution, delivering a lower levelized cost of energy (LCOE). The power output of modules has increased tremendously. In 2009, new modules averaged 290W, but today high-power modules are 500W+. The cost of modules, meanwhile, has decreased due to better manufacturing technology and 'economies of scale'. Solar power has now reached grid parity in many markets; delivering a lower cost of electricity than the grid. For Indonesia to meet its target of renewables accounting for 23% of the energy mix by 2025, it needs to have a solution that is available today and can be quickly deployed. Rooftop solar can be deployed in days. Meanwhile, solar farms can also be developed much faster than other forms of renewable energy. Trina Solar's high-power, high-efficiency modules are available in the market today as well as Trina Solar's trackers that delivery a further boost in power generation. The Trina Solar Vertex DE19R - which is for C&I - uses 210mm-long cells, has maximum power output up to 580W and maximum efficiency of 21.5%. Trina Solar has been working with its Indonesian partners, including installers and distributors, to help businesses to have rooftop solar. Solar is attractive for C&I companies, because it uses unused roof space for electricity generation. Trina Solar also plan to launch into Indonesia the new Trina Solar Vertex N NEG19RC.20 for utility-scale scale projects. This module can also be used for C&I projects. The Vertex N NEG19RC.20 has a low voltage design, delivering higher efficiency and lower balance of system (BOS) cost. But the new module has high-power because of 210 Technology. Solar cells 210mm-long inherently have more power than earlier solar cells that are smaller. Besides 210 Technology, the module incorporates other market-leading technologies such as multi-busbar for greater light absorption; the cells are created using non-destructive cutting technology; and uses high density encapsulation to maximize the module's surface area. The new Vertex N NEG19RC.20 has maximum power output up to 590W and maximum efficiency up to 21.8%. It is a dual-glass module available as mono-facial or bifacial. Trina Solar is unique as the only module manufacturer that also makes trackers. Trina Solar makes 'smart trackers': Vanguard 1P and Vanguard 2P. Engineered for adaptability, these intelligent trackers can be deployed across different terrains while offering high stability and ensuring high energy yield. A study by University of Surabaya published this year, found modules in Jakarta with trackers deliver about 21 percent more electricity than fixed-tilt. Indonesia ranks seventh in Southeast Asia for installed solar energy capacity. The challenge is that Indonesia must quickly install renewable energy to meet its target for 2025 and 2050. Trina Solar's range of high-power, high-efficiency modules - as well as advanced tracker technology - are one of the options that can be quickly and readily deployed to help Indonesia achieve its goals. About Trina Solar (688599. SH) Founded in 1997, Trina Solar is the world leading PV and smart energy total solutions provider. The company engages in PV products R&D, manufacture and sales; PV projects development, EPC, O&M; smart micro-grid and multi-energy complementary systems development and sales, as well as energy cloud-platform operation. In 2018, Trina Solar launched its Energy IoT brand, established the Trina Energy IoT Industrial Development Alliance together with leading enterprises and research institutes in China and around the world and founded the New Energy IoT Industrial Innovation Centre. With these actions, Trina Solar is committed to working with its partners to build the energy IoT ecosystem and develop an innovation platform to explore New Energy IoT, as it strives to be a leader in global intelligent energy. In June 2020, Trina Solar listed on the STAR Market of Shanghai Stock Exchange. For more information, please visit www.trinasolar.com.
STAMFORD, Conn., March 2, 2023 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that management will present in a fireside chat at the 35th Annual Roth conference in Laguna Niguel, California on March 13th, 2023 at 8:00 a.m. PDT. Management will be also available for one-on-one meetings with institutional investors during the conference on March 13th – 14th. For more information or to request a meeting, please contact a Roth sales representative. About Emeren Group Ltd Emeren Group Ltd. (NYSE: SOL) is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The Company focuses on solar power project development, construction management and project financing services with local professional teams in more than 10 countries. For more information, go to www.emeren.com.
ALBLASSERDAM, Netherlands, March 2, 2023 /PRNewswire/ -- On the first day of the Dubai International Boat Show, Oceanco revealed a revolutionary yacht design: Aeolus. Fully aligned with Oceanco's NXT initiative, Aeolus is in tune with evolving perspectives on the environment as well as lifestyle. With exterior design from Giles Taylor complemented by interior design from Njord by Bergman Design House, she heralds a new era for dwellings on water, demonstrating that authentic sustainability of the future is beautiful and stylish – both in terms of technical capability as well as materials used onboard. Named after the Greek god of the wind, Aeolus reflects how we relax, connect and work in the modern world, seamlessly transitioning between destinations and modes of living. She is a great fit for those who consider their floating home to be like a natural, private retreat and sea-borne sanctuary, accommodating just enough cabins for family and favored guests. The owner's private oasis, which delivers the best views in the house, is where she truly resonates with those onboard like no other; the purest of sanctuaries. Her interior has a strong language of introducing fully sustainable and traceable materials, including biomaterials, at her core. "Organic nature, sensual being and playfulness played a big part of Aeolus's design. Every element has been considered, including sourcing and traceability of materials and working with some of the world's most innovative artisans in biomaterials and sustainable development," explains Sarah Colbon, Co-founder of Njord. Together with Aeolus's technical partners ABB & MTU, Oceanco and Lateral have developed the Energy Transition Platform (ETP), an adaptable architecture to enable a future-proofed pathway to net zero. "Any yacht built today, will have to span the energy transition, a period of significant change in available fuel types and associated technologies. This demands an adaptable technical architecture that can accommodate the alterations to layout, configuration and specifications needed to integrate future technologies and alternative fuels in the least invasive way possible. Lateral and Oceanco have developed the ETP to ensure multiple technical pathways can be pursued as technologies mature during the energy transition timeline," comments James Roy of Lateral. SPECIFICATIONS Length: 131m/430ft Beam: 18m/59ft Gross tonnage: 6200 Exterior design: Giles Taylor Interior design: Njord by Bergman Design House Naval architecture: Oceanco & Lateral Power solutions: MTU Sustainable technology: ABB https://www.oceancoyacht.com/aeolus-unveiled Video - https://www.youtube.com/watch?v=PQ8JXhIGK-A Aeolus_Exterior_1 Aeolus_Beach_club Aeolus_Master Aeolus_exterior_(2)
BARCELONA, Spain, March 1, 2023 /PRNewswire/ -- After launching the TECH4ALL initiative at Mobile World Congress (MWC) Barcelona four years ago, Huawei and its partners shared the latest insights and practices on how technology is enabling digital inclusion and sustainability at a media roundtable on Day 1 of MWC Barcelona 2023. Huawei and partners hold TECH4ALL media roundtable on Day 1 of MWC Barcelona 2023. "All of our efforts with the TECH4ALL initiative wouldn't have been possible without taking technology and partnerships as key enablers," said Jeffrey Zhou, President of ICT Marketing for Huawei, in his opening speech. "Since the launch of TECH4ALL, more than 600 schools worldwide, over 220,000 K12 teachers and students in remote areas, unemployed youth, women, and the elderly, and 46 nature reserves have benefited from the TECH4ALL program. Moving forward, we will keep innovating and using technology along with our global partners to build a more inclusive and sustainable digital world for all." At the end of his speech, Zhou officially launched the TECH4ALL Digital Inclusion special publication, which shares the diverse visions, strategies, and best practices of global experts and partners in 15 stories set out in three sections: Insights, Technology in Focus, and Case Studies. The special publication is now ready to view and download on the Huawei TECH4ALL website. Click the link (https://www.huawei.com/en/tech4all/publications/digital-inclusion) to download the Digital Inclusion special publication Also at the roundtable, representatives from UNESCO and the global NGO Close the Gap explored how technology is helping to boost the digital transformation of education and improve digital skills, especially for underserved groups in remote and rural areas. These include providing connectivity, expanding digital literacy and skills, and supporting STEAM curriculum through projects such as Technology-enabled Open Schools for All, DigiSchool, and DigiTruck. "Digital open schooling models are the manifestation of the digital transformation of school education. It's an open approach to reinventing schooling systems to ensure school education, including knowledge learning, skills development, the fostering of values, and social caring, will be secured both under normal and emergency situations," said Dr. Fengchun Miao, Chief of Unit for Technology and Artificial Intelligence in Education for UNESCO. "The UNESCO-Huawei project Technology-enabled Open Schools for All is having a ground-breaking impact on the building and testing of digital open schools in African countries. The project directly covers more than 20,000 students and more than 1 million teachers in Ghana, Ethiopia, and Egypt." TECH4ALL partner Close the Gap described the value of the DigiTruck in providing free digital skills training for remote communities in Africa. "We have partnered with Huawei to develop and deploy DigiTrucks in Africa to rural and peri-urban communities specifically targeted at preparing the young people in those communities for the digital jobs of the future," said Ngosa Mupela, Business and Investment Manager for Close the Gap. Under the TECH4ALL initiative, technology is also enabling sustainable management of natural resources and protecting biodiversity. Arno Cimadom from the National Park Neusiedler See-Seewinkel in Austria explored the pivotal role technology plays in wetland conservation, including protecting biodiversity and studying the effects of climate change on ecosystems. "Thanks to the new technology provided by Huawei and its partners, we are now for the first time able to collect sound data 24/7, year-round, simultaneously from more than 60 sites and analyze them via AI-models provided by Rainforest Connection. This makes research and management in difficult-to-access wetland areas more efficient and allows new investigations," said Arno Cimadom, representing National Park Neusiedler See-Seewinkel. Huawei TECH4ALL booth at Hall1, MWC Alongside the media roundtable, the Huawei TECH4ALL booth at MWC Barcelona 2023 welcomes visitors to explore the latest progress in projects running under the initiative and learn about the crucial role that technology and partnerships can have in enabling inclusion and sustainability. About Huawei TECH4ALL TECH4ALL is Huawei's long-term digital inclusion initiative and action plan. Enabled by innovative technologies and partnerships, TECH4ALL is designed to help promote inclusion and sustainability in the digital world. For more information, please visit Huawei TECH4ALL website at https://www.huawei.com/en/tech4all Follow us on Twitter at https://twitter.com/HUAWEI_TECH4ALL
Green Technology
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