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Move Marks VCIG’s formal entry into the US$1.5 Trillion Clean Energy Transition Market, Aligning Sustainability with Shareholder Value Creation KUALA LUMPUR, Malaysia, Aug. 20, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”), a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems, today announced the launch of VCI Energy Limited (“VCI Energy”), a wholly owned subsidiary dedicated to clean energy and sovereign-scale infrastructure. This move represents VCI Global’s formal entry into the global clean energy infrastructure sector. To drive this initiative, VCI Global has appointed Victor Lee, former Managing Director of Franklin Templeton, as Chief Executive Officer of VCI Energy. Mr. Lee brings extensive experience in institutional investment and infrastructure financing, positioning the subsidiary to capture capital-efficient, large-scale opportunities across renewable generation, energy storage, and sovereign energy infrastructure. “Energy is the backbone of sovereignty, and one of the most attractive long-term investment opportunities. By establishing VCI Energy, VCI Global is extending its cross-sector platform into a market with exceptional growth visibility and global demand. Under Victor Lee’s leadership, we expect VCI Energy to unlock scalable partnerships, recurring revenue streams, and long-term value creation for our shareholders,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. VCI Energy’s initial focus will be on three high-growth verticals: Clean Energy Generation & Storage: investments in renewable energy assets and next-generation battery and microgrid systems to strengthen energy independence. Sovereign Energy Infrastructure: integrated frameworks designed to align with national strategies for digital, AI, and data sovereignty. Strategic Partnership & Investments: collaboration with governments, utilities, and institutional investors to deliver large-format clean energy projects across Asia and beyond. The clean energy infrastructure market is entering a rapid expansion phase, fuelled by rising global energy demand, government decarbonization targets, and the integration of digital and AI-driven infrastructure. According to Allied Market Research, the sector is forecasted to grow at a 9.3% compound annual growth rate, reaching approximately US$1.5 trillion by 2033. Asia Pacific is expected to represent one of the fastest-growing regions, driven by large-scale renewable deployment, electrification initiatives, and sovereign investment in energy resilience, an area where VCI Energy is uniquely positioned to compete. “I am honoured to lead VCI Energy at such a pivotal moment in the global energy transition. Our vision is to create a clean energy platform that combines sustainability with sovereignty and delivers strong returns for investors while contributing to the world’s shift toward resilient and future-ready energy systems,” said Victor Lee, CEO of VCI Energy. About VCI Energy Limited VCI Energy, a wholly owned subsidiary of VCI Global Limited (NASDAQ: VCIG), is dedicated to advancing clean energy generation, storage, and sovereign-scale infrastructure. The company partners with governments, utilities, and institutional investors to deliver renewable and energy resilience projects that combine sustainability with sovereignty. Leveraging VCIG’s cross-sector expertise in AI, cybersecurity, and capital markets, VCI Energy is positioned to play a pivotal role in the global transition toward clean and resilient energy systems. About VCI Global Limited VCI Global is a cross-sector platform builder integrating deep technology with financial architecture to enable sovereign-ready digital ecosystems. Evolving from its roots in capital markets consultancy, the company now operates across fintech, AI, robotics, and cybersecurity. Its mission is to empower governments, enterprises, and institutions, particularly in Southeast Asia, to scale securely, intelligently, and independently. At the core of its latest innovations is a sovereign AI data platform fortified by proprietary military-grade encryption, built to meet the highest standards of digital sovereignty, national security, and enterprise resilience. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: VCI GLOBAL LIMITEDenquiries@v-capital.co
TEMECULA, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Effective July 1, 2024, Adrian Ridge is Chief Executive Officer of Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial division. Ridge succeeds Peter Wagner, who remains engaged in a Board role as Executive Chairman for Nikkiso CE&IG Group. As CEO, Ridge will drive operational and financial results and ready the Group for future growth. In his role as Executive Chairman, Wagner will focus on driving the vision and long-term strategy of the Group in an advisor capacity. “On behalf of the Board, I welcome and congratulate Adrian on his promotion to CEO,” said Wagner. “He is a proven leader who is engaging at the right time to support Nikkiso Clean Energy & Industrial Gases’s growth to new heights.” “I’ve never been as excited about a company’s potential as I am about Nikkiso,” said Ridge. “We have all the right ingredients to be a leader in every market we serve in every region around the world. I am honored and grateful for this once-in-a-lifetime opportunity.” About Adrian Ridge Ridge joined Nikkiso Clean Energy & Industrial Gases in 2022 as EVP of Manufacturing and Operations after working approximately 30 years at Swedish manufacturing giant Atlas Copco in various global leadership roles. He has a Mechanical Engineering degree and an MBA from Durham University in the United Kingdom. Media contactLisa AdamsLisa.adams@nikkisoceig.comMobile: +1 (405) 492-1689 About Nikkiso Clean Energy & Industrial Gases Group The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,600 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376). A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3496ba9-85d1-4c91-b199-181d30747a25
BANGKOK, Feb. 27, 2025 /PRNewswire/ -- Informa Markets, a global leader in trade exhibitions and business matching, is set to elevate its flagship ASEAN's clean energy event to new heights with ASIA Sustainable Energy Week 2025 (ASEW). Building on its success, the event will expand the energy market across Asia, reinforcing Thailand's position as the region's sustainable energy transition hub. Showcasing cutting-edge digital technology, ASEW 2025 will drive the clean energy transition toward and increase the share of renewable energy in the energy system moving towards achieving net-zero greenhouse gas emissions. The renowned ASEAN Sustainable Energy Week is evolving into a premier Asian platform with ASIA Sustainable Energy Week 2025 (ASEW), this strategic expansion provides new opportunities for Thailand to emerge as a leading hub for connecting sustainable energy technology and innovation across Asia. ASEW 2025 will enhance business prospects and support key industries—including industrial, transportation, and business sectors—in their transition to clean energy solutions through digital transformation. Set to take place from July 2-4, 2025, at the Queen Sirikit National Convention Center (QSNCC) in Bangkok, the show is committed to driving growth, innovation, and energy security. The event aims to expand energy access across all industrial sectors by clean energy, sustainably covering the entire Asian region. ASEW 2025 will unite industry leaders, experts, and buyers from across the energy sector. The event will highlight advancements in renewable energy, energy efficiency, and emerging technologies, including next-generation energy storage systems, bringing these critical innovations together under one roof. Nuki Agya Utama, PhD - Director for Energy Policy and Head of the Asia Zero Emission Center (AZE Center) at ERIA, highlighted that Asia, home to over 60% of the world's population and one of the fastest-growing economic regions, is experiencing a rapid surge in energy demand. Today, the continent plays a pivotal role in the global energy transition, driving advancements in energy storage, green hydrogen, and smart grid technologies. As a hub for clean energy consumption, production, and development, Asia's shift toward renewables is a crucial factor in addressing climate change sustainably. ASIA Sustainable Energy Week (ASEW) has long been recognized by industry experts as a premier platform for energy innovation. The event serves as a key forum for technology exchange, knowledge sharing, collaboration, and business networking, solidifying its role as a gateway for driving clean energy transformation in Asia. Mr. Sanchai Noombunnam, Country General Manager of Informa Markets Thailand, stated, "For over 35 years, we have led the renewable energy market in this region, establishing a strong network of industry partners. With ASEW 2025, we are expanding our reach to reaffirm our leadership in hosting the most comprehensive and largest sustainable energy technology event in ASEAN—now on a pan-Asian level. Our goal is to empower entrepreneurs, industrialists, and investors with access to new opportunities in Asia's clean energy market and accelerate the energy transition towards net-zero greenhouse gas emissions." ASIA Sustainable Energy Week (ASEW) 2025 stands as a pivotal platform for advancing sustainable energy policies and technologies, including solar, wind, hydro, hydrogen, and energy storage systems. This year's theme under, "Empowering Digital Transformation in Sustainable Energy Towards Net Zero," ASEW 2025 will serve as a hub for state-of-the-art clean energy technologies. The event will bring together technology leaders, key buyers, and experts from Thailand and across the region, fostering knowledge exchange, business growth, and regional collaboration in renewable energy, energy efficiency, and energy storage solutions. This year's event will feature more than 1,500 leading brands from around the world, including ABB, ATESS, DELTA, HITACHI ENERGY, TESLA, SUNGROW, and many more. Additionally, international pavilions from China, Finland, Germany, Japan, Korea, Singapore, Switzerland and United Kingdom will showcase cutting-edge innovations and more than 32,000 visitors from 65 countries are expected to attend. ASEW 2025 will be co-located with MobilityTech Asia – Bangkok (MTAB) 2025, The Region's Premier Technology Exhibition and Conference on Future Transportation and Smart Mobility. Be part of the movement toward a sustainable energy future at ASIA Sustainable Energy Week 2025, taking place July 2-4, 2025, at the Queen Sirikit National Convention Center (QSNCC), Bangkok. Contact us:For more information and booth, please contact: asew-th@informa.com or visit event website www.asew-expo.com. About Informa Markets:Informa Markets creates platforms for industries and specialist markets to trade, innovate, and grow. Through our comprehensive portfolio of exhibitions, digital content, and services, we enable customers and partners to connect, discover new opportunities, and drive industry progress. For more information, please visit: www.informamarkets.com
Shanghai Electric is focusing on the integration of wind, solar, storage, and hydrogen, a key strategy for expanding clean energy applications in the future. SHANGHAI, July 30, 2024 /PRNewswire/ -- Shanghai Electric ("the Company") (SEHK:2727, SSE:601727) announced that the Company has made another significant stride in lowering the overall costs of green hydrogen with its latest Z-series alkaline electrolyzer technology, an energy-saving innovation breaking through the bottleneck of the renewable energy sector to make emission-free hydrogen production more economically sustainable. Shanghai Electric Accelerates Hydrogen Energy Chain Development, Boosts Clean Energy Adoption with Focus on the Integration of Wind, Solar, Storage and Hydrogen, A Key Strategy for Expanding Clean Energy Applications in the Future. A solution that further propels the industry toward decarbonization, the solution, which adds to Shanghai Electric's prowess in new energy innovation, makes industrial applications of green hydrogen more feasible, accelerating the utilization of hydrogen in chemical, transportation, metallurgy, and green energy storage sectors. "Hydrogen production involves multiple segments and a long industrial chain, with cost being the primary challenge. Green hydrogen is more expensive than grey hydrogen, requiring solutions across production, storage, refueling, and usage. Our goal is to streamline the entire technology chain, driving industry-wide cost reductions," said Wu Liang, Chief Engineer of Shanghai Bright-H Technology Co., Ltd. Green hydrogen, the cleanest form of hydrogen, is emerging as a crucial solution in the worldwide quest for renewable energy and decarbonization, but the overall economic feasibility of its production, storage, refueling, and usage is currently a major development constraint. Shanghai Bright-H Technology Co., Ltd. ("Bright-H Technology"), a subsidiary of Shanghai Electric, has been focusing on industry pain points and technological challenges, fully addressing the key links in the hydrogen energy development chain. Through exploring alkaline water electrolysis and proton exchange membrane (PEM) water electrolysis, the Bright-H Technology is dedicated to providing integrated "production-storage-refueling-usage" system solutions for its customers, achieving breakthroughs in green chemistry, metallurgy, transportation, and energy storage. Setting its focus on hydrogen energy as part of its technological drive to push the boundary of clean energy innovation, Shanghai Electric has been advancing hydrogen production technology and exploring its commercial applications with other energy sources since 2015. Shanghai Electric's ongoing endeavor has allowed it to spearhead a number of pilot projects, which puts the Company at the forefront of hydrogen energy innovation as it seeks to integrate the clean energy source within a broader power ecosystem. For hydrogen production, Shanghai Electric has explored two technology routes, leveraging its technological advantages to build an industrial chain. In June 2023, Shanghai Electric independently manufactured and released a 2000 Nm³/h alkaline electrolyzer, which was China's largest single hydrogen production unit at the time. In October 2023, the Company rolled out a megawatt-level PEM electrolyzer with a capacity of 200 Nm³/h, leading the industry in China in overall performance, with its compact, lightweight, and flexible design making them better suited for hydrogen refueling stations. Shanghai Electric has also developed high-pressure hydrogen storage tanks and offers diaphragm compressors for hydrogen refueling while exploring hydrogen applications, such as green chemistry and hydrogen-blended gas turbines. In November 2023, the company tested a hydrogen-blended gas turbine at Datang Haikou Power Plant, achieving a hydrogen volume ratio above 7%, the first operational F-class project in China. In addition, Shanghai Electric proprietary DeNox burner is capable of achieving hydrogen blends of up to 30%. As of now, Shanghai Electric has secured hydrogen energy projects across the power, transportation, and chemical sectors, leading the way in advancing sustainable energy solutions and driving innovation in clean hydrogen. The Taonan wind power-biomass green methanol integrated demonstration project is set to produce one million tons of green methanol annually in three phases. The first phase aims to develop a 250,000-ton wind-biomass green methanol project, supported by an installed capacity of 680,000 kilowatts of renewable energy. Marking a breakthrough in hydrogen energy technology development and commercialization, The Zero-Carbon Demonstration Project by the Bright-H Technology integrates renewable energy generation, PEM water electrolysis for hydrogen production, hydrogen storage, and fuel cells. The power generated by the project is sourced from renewable energy, with fuel cells providing additional power during low-demand periods, achieving zero carbon emissions in hydrogen production and green energy self-sufficiency. For more information about the hydrogen R&D and latest related projects with Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/.
Reducing energy costs is a top consumer priority when considering solar panels and battery storage systems, but lack of education stands in the way SAN JOSE, Calif., Aug. 16, 2023 /PRNewswire/ -- FranklinWH Energy Storage Inc. ("FranklinWH"), a leader in whole-home energy management, today released new research highlighting key roadblocks for Americans looking to transition to clean energy. According to a survey of 1,000 U.S. adults, while nearly three in four Americans (73%) agree that solar energy is a good investment for their homes, a lack of knowledge is preventing them from taking the next step. Study: Consumers Seek Solar Energy Savings, Lack Clean Energy Knowledge Electricity prices increased at twice the rate of overall inflation in 2022, but an alarming 73% of Americans were not aware of this trend. This lack of knowledge about personal energy consumption along with misconceptions about the overall costs and benefits of pairing home energy management systems with batteries and solar panels stood in the way of widespread adoption and increased energy freedom. Consumers don't understand value of home battery storage By pairing solar panels with battery storage systems, homeowners can save excess energy and use it whenever they prefer – at night, during a storm, and more. However, more than half of Americans (56%) are not familiar with the benefits of home energy management systems with battery storage, and almost all (95%) agree solar panels would be more appealing if the power they generated could be stored and used during periods of minimal sunlight. The Franklin Home Power solution provides homeowners with unprecedented control to monitor and optimize power consumption, allowing them to enjoy the cost-effective benefits of renewable energy. The costs outweigh the benefits – when not considering incentives While installation costs and the cost of maintenance were top concerns regarding an energy storage system, most respondents were unaware of government incentives that alleviate the financial burden. Two-thirds of respondents (66%) would invest in an energy storage system if they qualified for government incentives as part of the Investment Tax Credit (ITC). In fact, lower electricity bills ranked as one of the most compelling benefits of home battery storage systems, alongside protection in the event of a power outage and increased value of a home. While consumers are aware of the benefits of renewable energy to lower energy bills, they're largely unaware of incentives that make the transition affordable. Lack of knowledge around alternative energy Over one-third of respondents (36%) say they would not invest in an energy storage system simply because they don't know enough about alternative energy options. This points to a broader trend of consumers not understanding their current energy usage. Interestingly, younger generations are turning to social media to better understand their energy usage and efficiency. Gen Z respondents are using YouTube (35%) and TikTok (25%) as top sources of information to learn about energy efficiency, both ahead of their actual energy service provider. In the coming years, solar and battery installers should prioritize meeting consumers where they are to better spread knowledge about the benefits of home battery storage systems, especially as the next generation of homeowners leans on social media for information. "The survey findings highlight two conflicting truths – Americans want to reduce energy costs but aren't yet aware of the multiple ways home battery storage systems can help them do so," said Vincent Ambrose, CCO at FranklinWH. "There is a large market need for education and consumer resources that drive the switch to clean energy options. Right now, solar energy systems are considered a niche way to electrify a home. FranklinWH is committed to improving energy management and battery technology to make solar energy accessible across the globe and create a more sustainable world." To learn more about the benefits of installing home energy systems, including our Franklin Home Power system, visit the FranklinWH website or hear firsthand from a homeowner. About FranklinWH FranklinWH Energy Storage is the manufacturer of the Franklin Home Power system. FranklinWH is a research-driven company focused on next-generation residential energy management and storage solutions. Founded in 2019 and headquartered in the San Francisco Bay Area, FranklinWH's team has decades of experience in energy systems, from design, through manufacturing, to sales and installation. FranklinWH is also AVL listed with multiple financial institutions. Learn more about how homeowners can achieve energy independence at franklinwh.com. Media Contacts: Brandon Sanchez, FranklinWHmedia@franklinwh.com Kyle Moschen, PAN CommunicationsFranklinwh@pancomm.com
Trinasolar's latest solar energy innovations for Thai industry aligns with PDP 2024 and the Thai Government's policy to increase renewable energy usage. BANGKOK, July 4, 2024 /PRNewswire/ -- Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions, is proud to announce its strategic expansion into Thailand's renewable energy sector. Leveraging nearly three decades' worth of experience in the solar industry, Trinasolar brings globally leading technology for solar modules, trackers and energy storage systems to serve a diverse range of sectors, including utilities, commercial and industrial projects (including manufacturing, healthcare and hospitality), as well as residential projects. It opines that robust Solar + Battery Energy Storage Systems (BESS) will be a key component to meet the kingdom's energy commitments. (L-R) Dr Leo Zhao, Head of Energy Storage, Trinasolar Asia Pacific and Dave Wang, Subregion Head of Trinasolar Asia Pacific at a media briefing conducted in Bangkok, Thailand According to Thailand's Power Development Plan (PDP), renewable energy is projected to rise to 51%, a significant increase from 20% last year, with solar energy expected to make up about 70% of this total. Another key aspect of the PDP is the introduction of Demand Response measures, which encourage consumers to adjust their electricity usage patterns based on varying electricity prices throughout the day. This aims to enhance the potential for reducing peak electricity demand (Peak Demand). The country's Smart Grid plan sets a target of achieving 1,000 megawatts in peak demand reduction and an additional 1,000 megawatts through the use of Distributed Energy Resources (DER). These resources, such as small power generation systems and BESS, will be integrated into microgrid systems to provide reliable energy sources. This ambitious plan is a crucial step towards achieving Thailand's carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065. Meanwhile, the Electricity Generating Authority of Thailand (EGAT) is pioneering clean energy production by combining solar energy with hydroelectric power from dams. The Hydro-Floating Solar Hybrid project, a cornerstone of this initiative, aims to build 16 projects nationwide with a total production capacity of 2,725 megawatts (MW). The pilot projects at Sirindhorn Dam, Ubon Ratchathani Province, and Ubonrat Dam, Khon Kaen are already operational with a capacity of 45 MW and 24 MW AC respectively. Dave Wang, Sub-Region Head for Asia Pacific at Trinasolar, commented, "It is an opportune time for the Thai government's policy towards clean energy, with rapid technological advancements from leading companies like Trinasolar significantly lowering solar energy costs in the past decade. As the only total solutions provider in the industry, Trinasolar's combination of solar panels, trackers and energy storage solutions, can unlock further value and help the Kingdom in achieving its ambitious net-zero targets." For instance, its award-winning Vertex N panels combines the two top technologies in the market: n-type i-TOPCon technology and 210mm wafer size technology, resulting in world-record setting power output (740.6W in lab) and higher efficiency. Having a comprehensive solar solutions provider like Trinasolar is a paradigm shift in the industry as its high-power modules can work hand in glove with its tracker and energy storage solutions, providing system stability. Moreover, having one procurement source also streamlines logistics and after-installation services. He added that Trinasolar will prioritize floating solar solutions and energy storage systems to support the Thai government's initiatives to boost renewable energy in the electricity sector. Floating solar farms, which maximizes available space and benefits from water's natural cooling effect, is gaining popularity worldwide. In Thailand, Trinasolar has implemented a 24 MW AC floating solar plant at Ubonrat Dam in Khon Kaen, which has been operational since March 2024. This project is expected to cut CO2 emissions by 41,000 tons and generate 46 million kWh of electricity annually, supporting approximately 18,000 homes. Its Vertex series panels are also used in prominent solar farms in India, Malaysia, Vietnam and Singapore. With the wide-scale adoption of solar, coupling solar modules and BESS for utility-scale projects presents a new dimension of benefits. Batteries store excess solar energy during the day, and can release it when required, reducing reliance on the grid during peak hours, providing greater grid flexibility and ensuring a constant and efficient energy supply. For example, hydro-floating solar plants can produce electricity from solar energy during daytime and hydropower during night-time. Meanwhile, the BESS will sustain electricity generation during the transition of electricity generation between the two energy sources. Another key advantage is that electricity generated by other renewable energy sources, for instance thermal and wind energy, can also be integrated into the energy storage system. Combined with high-capacity lithium iron phosphate (LFP) battery cells like the Trina Storage Cell with a robust lifecycle of about 20 years, this translates to a lower levelized cost of storage (LCOS) making renewable energy projects more economically competitive. Overall, this approach can enhance the Loss of Load Expectation (LOLE) and improve energy resilience, which is crucial for maintaining critical services. Trinasolar Solutions at ASEW Trinasolar's commitment to "Solar Energy for All" aligns with Thailand's PDP and net-zero goals. As the only company offering a total solutions package – solar panels, solar tracking systems, and energy storage – Trinasolar ensures lower levelized cost of electricity (LCOE) and balance of system (BOS) costs. Trinasolar will showcase its latest suite of solar solutions at the ASEAN Sustainable Energy Week (ASEW) in Bangkok. Highlights include the Vertex N series modules, the upgraded TrinaTracker Vanguard 1P and 5MWh Elementa 2 energy storage solution which features Trina's proprietary 314Ah LFP cell. For more information, visit Trinasolar's exhibit and discover how their innovative solutions can drive the future of clean energy in Thailand and beyond. Trinasolar will be at Hall 3, Booth R29, Queen Sirikit National Convention Center, from 3rd – 5th July 2024. About TrinaSolar Founded in 1997, Trinasolar Co., Ltd., specializes in PV products, system solutions, and smart energy. Our PV products encompass research and development, production, and sales of PV modules. Our PV systems include power stations and related products. In smart energy, we focus on PV power generation, operation and maintenance, energy storage solutions, smart microgrids, and the development and sales of multi-energy systems. We are dedicated to leading the way in smart solar energy solutions and supporting the transition to new power systems for a net-zero future. Globalization is a key strategy for Trinasolar. From its inception, the company has been building its global presence. TrinaSolar was founded in Changzhou, Jiangsu Province, China, where our global headquarters remain. In 2022, we established our international headquarters in Shanghai and have been actively strengthening our global teams. In recent years, we have recruited top management and R&D talents from over seventy countries and regions. We have regional headquarters in Zurich, Silicon Valley, Miami, Singapore, and Dubai, along with offices or branches in Madrid, Mexico, Sydney, and Rome. We also have manufacturing bases in the USA, Thailand, Vietnam, Indonesia, and the UAE, and we operate in more than 170 countries and regions worldwide.
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