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NANJING, China, Jan. 28, 2025 /PRNewswire/ -- Recently, new energy vehicle owners in Nanjing received significant news. Mr. Li, a new energy vehicle owner, was pleasantly surprised to notice an "all green electricity" label on the information page of a charging station in Jiangbei New Area, a high-tech zone in Nanjing. This label signifies that the site exclusively uses green electricity for charging new energy vehicles. Since January this year, all 351 charging stations and 2,573 charging piles operated by the State Grid Corporation in Nanjing have fully transitioned to green electricity supply, which will continue throughout the year. This initiative is expected to consume approximately 72 million KWH of green electricity annually, serving over 2.8 million new energy vehicles traveling 360 million kilometers, thereby reducing carbon dioxide emissions by approximately 41,000 tons. Green electricity primarily originates from clean energy sources such as solar and wind power, which have minimal environmental impact and are highly effective in reducing pollution and carbon emissions. The State Grid Nanjing Power Supply Company has introduced green electricity into the charging sector through green certificate trading, not only leading the trend of green travel but also promoting societal low-carbon transformation. Furthermore, the State Grid Nanjing Power Supply Company has invested in constructing comprehensive charging stations that utilize smart microgrids to achieve on-site consumption of green electricity. Additionally, the company actively advocates for increased policy support from relevant government departments for new energy vehicle charging infrastructure, encouraging social charging operators to participate in green electricity consumption and jointly fostering a positive atmosphere for green travel.
SHANGHAI, Jan. 28, 2025 /PRNewswire/ -- Sushui Energy Technology (hereinafter "Sushui Tech"), is to launch new stationary DMFC generator products at Smart Energy Week 2025 to be held at Tokyo Big Sight from 19th Feb. to 21st Feb. 2025. Following Sushui Tech's successful debut in Japanese market in 2024, the company decided to diversify its "Independent Power Solutions for IoT and Critical Missions" with products covering 50 to 200W output power so as to meet the market's demand. The enriched product portfolio will better serve different market sectors including environmental monitoring, critical communication, crisis area recovery, private security, etc. DMFC-KH-130R in Japan The company's methanol fuel cell technology is featured with strong environmental adaptability and reliability as proven in harsh winters in Tibet and also in the wind measurement sector in Japan during the past year. In December 2024, Sushui Tech's DMFC-KH-130R was successfully installed and commissioned in Ishikawa, Japan, to work as the only power source to support client's wind LiDAR uninterruptedly up to six months throughout the entire winter. To facilitate the installation in remote mountain areas, the company also provided an entire solution with protection cabinet and power management system along with its fuel cell product. The solution enables the users to deploy and get power ready onsite within only a few hours, so as to minimize the risks of remote human operation. "Japanese market has a strong demand for distributed emergency independent power supply, and methanol fuel cell technology became the most suitable choice with its unique advantages such as easy installation and extra-long durability," says Daniel Lou, Global Marketing Director of Sushui Tech, "with the company's first projects commissioned in Japan, Sushui's fuel cell generators series products are gradually winning Japanese clients' recognition. In 2025, our team will continue to commit to providing high-quality products to Japanese clients, and release methanol fuel cell independent power solutions per various power demands for disaster monitoring, critical communications, environmental monitoring and other application scenarios. About Sushui Energy Technology Sushui Tech was founded in 2017. The company is a renewable energy company providing independent clean energy solutions for critical IoT applications, basing on its proprietary methanol fuel cell technology. Years of R&D and customer service afford its team with rich industrial know-hows to cope with any power supply problems in IoT applications, be these applications in harsh environmental conditions like rainforests, deserts, mountains, tundra, etc.
NINGDE, China, Jan. 27, 2025 /PRNewswire/ -- CATL and DHL Group, the world's leading logistics company, have signed a strategic agreement to strengthen strategic partnership on the GHG emissions reduction of logistics parks, marking a key step of both parties' commitments to facilitate sustainable logistics globally. Libin Tan, co-president of sales and marketing of CATL (right), and Oscar de Bok, CEO, DHL Supply Chain (left) signed the strategic agreement With the strategic agreement, CATL will provide advanced liquid cooling energy storage systems and energy management platforms to DHL's logistics parks. By connecting to battery swapping and superfast charging systems, CATL's comprehensive energy storage solution will help to enable the energy structure optimization across various DHL's facilities with maximum utilization of green energy, aligned with DHL's sustainability target to achieve net zero-emission logistics by 2050. CATL will also explore the future of electric vehicles, battery recycling and end-of-life management, as well as pursuing innovations in the auto-mobility sector, supported by DHL's global network of EV Centers of Excellence. "By combining DHL's extensive logistics and operational expertise, and CATL's innovative green technology, we are joining forces to deliver the trailblazing sustainable logistics solution to the industry," said Libin Tan, co-president of sales and marketing of CATL. "Our strengthened cooperation with DHL will not only contribute to achieving both parties' sustainability targets, but also facilitate the world towards to a greener future." "We're excited to start using CATL's energy solutions in our logistics parks, while providing our logistics services to CATL. This solution really highlights the great partnership and innovative spirit between our teams. It's a perfect example of how we're working together to achieve our shared goal of sustainability," said Oscar de Bok, CEO of DHL Supply Chain. The framework agreement marks the implementation and strengthening of an MOU signed between the two parties last year, which outlined global cooperation in carbon neutral facilities and the electrification of DHL's fleet of pick-up and delivery. To better support CATL's goal to make high-quality technology accessible across the globe, DHL has been chosen as CATL's preferred logistics service provider due to the establishment of a global network of EV Centers of Excellence, facilitating the deployment of integrated logistics solutions.
SHANGHAI, Jan. 27, 2025 /PRNewswire/ -- On January 27th, 2025, Beijing Time, Qiming Venture Partners' portfolio company HyperStrong, a leading provider of battery energy storage systems (BESS) in China, successfully debuted on the Shanghai Stock Exchange's Science and Technology Innovation Board (the "STAR Market"). HyperStrong (SHSE:688411) was issued at RMB 19.38 per share and closed at RMB 63.80, representing an increase of 229.21% from the issue price, with a market capitalization of RMB 11.339 billion. Qiming Venture Partners has been an early investor in HyperStrong since 2015 and has continued to support the company's growth through subsequent funding rounds. HyperStrong's successful IPO marks Qiming's first IPO milestone of 2025. Founded in 2011, HyperStrong has established itself as a trusted partner in the global transition to renewable energy. The company provides a wide range of energy storage solutions including liquid-cooling energy storage systems, outdoor cabinets, all-in-one charging and storage systems for utility-scale, commercial and industrial uses. With the increasing global demand for renewable energy, utility-scale energy storage systems have become essential for ensuring grid stability and safety. HyperStrong has positioned itself as a top-tier BESS provider, leveraging its strengths in battery digital modeling, energy and thermal management, big data platform, system integration, and rigorous testing capabilities. These technologies enable HyperStrong to meet the diverse and evolving needs of its customers. According to S&P Global Commodity Insights, HyperStrong ranked among the top three BESS integrators in terms of global capacity installed in 2023. Dr. Jianhui Zhang, Chairman and CEO of HyperStrong, expressed his vision for the company: "HyperStrong remains committed to unlocking the full lifecycle value of energy storage systems. We aim to deepen our presence across the energy storage value chain, enhance our integration capabilities, and foster a collaborative innovation ecosystem. By advancing digital applications, hardware-software synergies, and comprehensive solutions, we will drive rapid product innovation to meet the ever-changing needs of the global market." Alex Zhou, Managing Partner of Qiming Venture Partners, said, "Over the past decade, we have supported HyperStrong as an investor, shareholder, and board member, steadfastly accompanying the company throughout its remarkable growth. We have witnessed HyperStrong leverage its cutting-edge R&D, strategic market insights, and relentless spirit of innovation to become a leader in the competitive energy storage industry. Today's successful IPO is not only a major milestone in its journey but also the start of an exciting new chapter full of potential. As the global energy sector undergoes a transformative shift, energy storage has become a critical pillar of this change. We expect HyperStrong to continue leading the way in technological innovation, solidifying its position as a key player in the global energy storage market." About Qiming Venture Partners Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages. Since our debut, we have backed over 580 fast-growing and innovative companies. Over 210 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 80 portfolio companies that have achieved unicorn or super unicorn status. Many of our portfolio companies are today's most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, UBTech, WeRide, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, New Horizon Health, Sanyou Medical, AmoyDx, Berry Genomics, SinocellTech, Yuanxin Technology, Caidya, Belief BioMed, among many others.
SHANGHAI, Jan. 27, 2025 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China, today announced that it has expanded its UOTTA battery swapping solutions with a new compact 8-slot battery-swapping station, set to be delivered to Associação Nacional dos Transportes Rodoviários em Automóveis Ligeiros ("ANTRAL"), Portugal's national taxi association in the first half of 2025. This expansion with ANTRAL, which represents public passenger transport companies operating light vehicles, marks another milestone in the Company's growing European market presence. The UOTTA 8-slot compact swap station showcases U Power's deep understanding of European urban infrastructure needs. With its optimized footprint of just 90 square meters, the station's space-efficient design is specifically engineered for dense city environments. The station's power consumption has been carefully calibrated to work within existing urban grid capabilities, while serving 30-50 vehicles daily. Its modular design allows for future capacity expansion, providing operators with scalability and enhanced operational efficiency. "Since launching UOTTA in 2020, U Power has built a comprehensive solution portfolio that serves all vehicle types, with customizable configurations to meet specific operational needs. For instance, our taxi-focused swap stations can handle up to 200 swaps daily through flexible battery and channel combinations," said Li Jia, Chairman and CEO of U Power. "Our recent collaboration with ANTRAL showcases our technological edge. By integrating AI into station management and cloud platforms, we've created an intelligent system that optimizes power consumption and operational efficiency." "More importantly, our battery swapping solution offers compelling economics compared to traditional fast-charging infrastructure. When evaluating total investment costs - including land use, grid upgrades, and equipment - swapping stations require lower capital investment while serving the same number of taxis and mileage. This advantage is particularly crucial in European cities where space constraints make large charging stations impractical, making our swapping technology the optimal solution for electrifying taxi fleets." About U Power Limited U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China's lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company's website: http://ir.upincar.com/. Forward-Looking Statements This press release contains "forward-looking statements". Forward-looking statements reflect the Company's current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or similar expressions. The Company undertakes no obligation to update or revise publicly any 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 review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. ContactU Power LimitedInvestor Relations DepartmentEmail: ir@upincar.com Robin Yang, PartnerICR, LLCEmail: UPower.IR@icrinc.comPhone: +1 (212) 475-0415
FORNEBU, Norway, Jan. 27, 2025 /PRNewswire/ -- Aker Carbon Capture (ACC ASA), an Aker Horizons portfolio company, today announced that SLB Capturi, in collaboration with Aker Solutions, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from Hafslund Celsio AS to deliver a carbon capture solution at their waste-to-energy facility at Klemetsrud, Oslo. Hafslund Celsio is Norway's largest district heating supplier and the owner and operator of Norway's largest waste-to-energy plant. Hafslund Celsio's carbon capture project is part of Longship, the Norwegian Government's full value-chain carbon capture and storage project. The contract award includes delivery of a carbon capture plant, liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbor, from where the CO2 will be transported to the Northern Lights permanent storage facility on the Norwegian continental shelf. When operational, which is anticipated by third quarter, 2029, the carbon capture plant is expected to capture 350,000 metric tons of CO2 annually. The EPCIC award follows a cost reduction phase for Hafslund Celsio's project, which identified opportunities for efficiencies, including layout optimization. Innovative capture technology design enables the project to move forward. The project will now be delivered based on SLB Capturi's modularized Just Catch 400 unit. The space-efficient Just Catch design has been fundamental to enabling a viable, cost-effective solution by reducing onsite footprint, installation, and outfitting work. For further information, please contact:Jonas Gamre, Investor Relations, Tel: +47 97 11 82 92, jonas.gamre@akerhorizons.com Mats Ektvedt, Media, Tel: +47 41 42 33 28, mats.ektvedt@corporatecommunications.no About Aker Horizons: Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and sustainable industrial assets. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the company is present on five continents.www.akerhorizons.com About Aker Carbon Capture Aker Carbon Capture ASA was established as a separate entity in 2020, building on more than 20 years long experience and maturation of the carbon capture technology within Aker. Following an agreement with SLB, a joint venture between SLB and Aker Carbon Capture was established in June 2024. The JV, SLB Capturi, is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture ASA owning 20%, two strong companies with proven track record of building successful industrial businesses positioned for substantial growth. This information was brought to you by Cision http://news.cision.com https://news.cision.com/aker-horizons/r/aker-carbon-capture-asa-announces-that-slb-capturi-and-aker-solutions-win-contract-to-deliver-carbon,c4096026
Green Technology
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