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With Revenue, Gross Margin, Order Volume, and Cash Flow All Achieving Simultaneous Growth in 2024 SHANGHAI, April 16, 2025 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) reported revenue of RMB 116.19 billion. The Company cited its core strengths in nuclear power, wind power, energy storage, and hydrogen energy as key drivers, amid rising global demand for clean energy and high-end equipment manufacturing. As of December 31, 2024, total assets stood at 302.51 billion yuan. Shanghai Electric Reports Continued Growth in 2024 as Its Clean Energy and High-End Equipment Push Expands. "Shanghai Electric will be guided by our dual carbon goals, focusing on integrated solutions for wind, solar and hydrogen storage while continuing to strengthen our industrial advantages," said Zhu Zhaokai, President of Shanghai Electric. "We believe that through technological innovation and a global presence, Shanghai Electric can contribute more Chinese wisdom to the global energy transition." The energy equipment sector continued to see strong results, with new orders of 89.1 billion yuan in 2024, an 18.45% year-on-year increase Shanghai Electric unveiled key innovations across emerging sectors, driving growth in wind power, energy storage, hydrogen energy, and green fuels. In wind power, the Company launched its self-developed 18MW-25MW Poseidon platform model, along with Asia's first operation and maintenance mother ship for deep-sea projects. The model features distributed energy storage, grid-friendly wind turbine tech, and adaptability for offshore scenarios like island microgrids, offshore hydrogen production, flexible DC transmission, and floating turbines. In energy storage, Shanghai Electric introduced a 250kW-class vanadium-iron liquid flow battery, reducing electrolyte costs while maintaining energy density. New inverter systems, including a 2x2.6MW model and a 215kW string inverter, improve power system flexibility. In hydrogen energy, the Company's Z-series alkaline electrolyzer, TÜV-certified, meets international performance standards, improving efficiency and reducing costs. It also tested its 300Nm³/h PEM electrolyzer, boosting efficiency and stability. Shanghai Electric became China's first green methanol producer to earn full-process ISCC EU certification, converting agricultural biomass into methanol using advanced gasification and wind-to-hydrogen technologies. High-end industrial manufacturing equipment made a breakthrough in 2024, with new orders of 42.293 billion yuan Shanghai Electric has accelerated technological innovation, driving the sustainable development of its aerospace business. In 2024, global industrial parts saw steady growth, spurred by innovation and market demand. Domestic substitution of core parts such as aerospace blades, bearings, and precision gears has rapidly progressed. As a global leader in aviation equipment, the Company's technology supports aircraft engine assembly, fuselage riveting, and composite component production. In automation, Shanghai Electric offers solutions with large-scale precision grinders and CNC machine tools, covering over 200 varieties and 600 specifications. Shanghai Electric's products are used in major civil airliner production lines. Additionally, the 100% acquisition of Ningsheng Industrial advances its robot industry and digital factory capabilities. The integrated services grew steadily, with new orders of 22.214 billion yuan in 2024, a year-on-year increase of 13.02%. In energy engineering services, Shanghai Electric expanded beyond thermal power into new energy and distributed energy markets. The Company has shifted from regional to global markets, enhancing international outlets and accelerating technical developments to meet strong demand. Shanghai Electric has also built industrial service capabilities, including supply chain collaboration, customized solutions, and full life-cycle management, promoting deeper integration of manufacturing and services. In addition, in 2024, Shanghai Electric reduced management and financial expenses while advancing ESG goals, launching a carbon management platform that cut 23,000 tons of carbon dioxide and ten of its factories were recognized as Shanghai Smart Factories. The Company also expanded into new energy vehicle parts and industrial software. Its R&D expenses in 2024 totalled 5.67 billion yuan, a 5.5% increase, focusing on breakthroughs in gas turbines and grid-type wind turbines. By the end of 2024, the Company held 6,823 valid patents. For more information about Shanghai Electrics, please visit: https://www.shanghai-electric.com/group_en/.
SYDNEY, April 15, 2025 /PRNewswire/ -- To mark Earth Day 2025, BLUETTI proudly joins the global call for renewable energy under this year's theme, "Our Power, Our Planet." The clean energy pioneer is taking the opportunity to reaffirm its commitment to a greener future by highlighting community efforts and innovative energy solutions that make clean power more accessible to all. BLUETTI Earth Day Sale "Earth Day is a reminder that our choices shape the future," said James Ray, Country Manager of BLUETTI Australia. "We aim to empower every household, traveler, and event organizer to take control of their energy in a sustainable way." A Greener Alternative to Traditional GeneratorsFor Australians bracing for outages during bushfire or cyclone seasons, BLUETTI's power stations represent a cleaner, quieter replacement for fuel generators. Models like the AC500+B300K setup offer powerful home backup power without harmful emissions, noise, or the need for constant refueling. Turning Sunshine into Reliable PowerAustralia is rich in solar energy and BLUETTI's portable solar generators help make the most of it anywhere. The AC180 with some folding solar panels creates an efficient off-grid power system that captures sunlight to power beach camping and road trips. Moreover, when there is no sunshine, users can install the Charger 1 alternator charger for a quick top-up from their vehicles. Empowering Communities Through Clean PowerBLUETTI has recently partnered with Leave No Trace to promote responsible energy use in outdoor activities. This advocacy was on display at the City Beats Sunset Session music event in Auckland, where BLUETTI portable power stations powered an entire DJ booth and all the music equipment—no smoke, no noise, just pure, uninterrupted beats. Through social media campaigns like #GreenPowerWithBLUETTI, the brand invites users to share their green journeys for a chance to win portable power station and solar panels. About BLUETTIAs a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI is dedicated to bringing power to 1 million African families in off-grid areas. With a strong focus on innovation and customer needs, BLUETTI has established itself as a trusted industry leader in over 110 countries and regions.
BANGKOK, March 31, 2025 /PRNewswire/ -- CK Power Public Company Limited (SET: CKP), one of Southeast Asia's largest producers of electricity from renewable sources, is expanding its Renewable Energy Certificates (RECs) business to support the accelerating global transition toward clean energy and strengthened sustainability commitments. This strategic move is aimed at promoting broader renewable energy adoption and supporting businesses in reducing greenhouse gas emissions over the long term. The solar cells of Bangkhenchai Company Limited (BKC). Mr. Thanawat Trivisvavet, Managing Director, CK Power Public Company Limited, said, "RECs are an important tool for businesses to demonstrate their use of renewable energy and meet science-based emissions reduction targets. They enable companies to offset carbon footprints and achieve their sustainability goals with confidence. Since 2022, CKPower has been actively involved in RECs trading through its subsidiary, Bangkhenchai Company Limited (BKC), registering renewable energy projects on trading platforms in partnership with Innopower Company Limited, a subsidiary of EGAT. To date, CKPower has delivered over 39,660.46 RECs to clients committed to decarbonizing their operations." In 2024, CKPower further advanced its RECs initiative by exploring opportunities from its run-of-river hydropower plant, Xayaburi Power Company Limited (XPCL), located in the Lao PDR. The company has signed an agreement with Mekha V Company Limited (a subsidiary of PTT Public Company Limited) to evaluate RECs integration via the ReAcc platform. This effort aims to support multinational corporations in embedding clean energy into their supply chains. CKPower's renewable energy strategy also includes new solar projects totaling 13 MW, developed in partnership with Bangkok Expressway and Metro Public Company Limited (BEM). The first of these projects is expected to begin commercial operation in early 2025. Additionally, BKC signed a Power Purchase Agreement (PPA) with the Provincial Electricity Authority (PEA) under the Feed-in Tariff (FiT) program for a 6 MW solar project, scheduled for operation by 2027. With a clear roadmap to reach over 95% renewable energy in its portfolio by 2043, CKPower is also committed to achieving net-zero greenhouse gas emissions by 2050 through innovation, energy efficiency, and sustainability awareness across its value chain. Mr. Thanawat concluded, "Renewable energy is the foundation of a sustainable future. Through our RECs initiatives and clean energy projects, we empower companies around the world to fulfill their sustainability commitments while fostering a resilient energy ecosystem." "CKPower – Renewable Electricity for a Sustainable Future"
BOAO, China, March 29, 2025 /PRNewswire/ -- From March 25 to 28, the Boao Forum for Asia 2025 Annual Conference, themed "Asia in the changing World: Towards a shared Future." will be held in Boao, Hainan, China. Zhong Baoshen, Chairman of LONGi, was invited to participate in the China-Australia Business Leaders Forum on March 26 under the theme "Deepening China-Australia Cooperation to Foster an Open Economy." During the event, he shared solutions and future plans from the renewable energy sector on topics including promoting regional trade and investment growth, strengthening sci-tech innovation collaboration and industrial development, and advancing global energy transition. Zhong Baoshen, Chairman of LONGi, was invited to participate in the China-Australia Business Leaders Forum on March 26 under the theme "Deepening China-Australia Cooperation to Foster an Open Economy." Zhong stated that LONGi actively embraces the open economic environment brought by the Regional Comprehensive Economic Partnership (RCEP), which provides long-term momentum for regional trade and investment growth, particularly facilitating deeper cooperation between China and Australia in renewable energy. For instance, the Memorandum of Cooperation on Deepening Implementation of the Free Trade Agreement signed between China and Australia in June 2024 has created more favorable investment and service trade conditions for clean energy industries such as photovoltaics (PV). Australia boasts abundant solar resources, and LONGi is supplying high-efficiency PV modules, BIPV (Building Integrated Photovoltaics) products, and hydrogen production equipment to the local market through its Australian subsidiary, driving growth in the local PV and green hydrogen sectors. Additionally, LONGi will leverage RCEP's trade facilitation to optimize global supply chains, deepen its market presence in Australia, and collaborate with local enterprises to advance carbon neutrality goals. Regarding efforts to establish common Environmental, Social, and Governance (ESG) standards between China and Australia, Zhong emphasized LONGi's support for unified green standards to reduce uncertainties in certification, carbon accounting, and supply chain management for renewable energy projects, thereby enhancing investment and trade efficiency. LONGi has already committed to 100% renewable energy manufacturing through initiatives like RE100, EP100, EV100, and the Science-Based Targets initiative (SBTi), actively promoting green manufacturing and reducing the carbon footprint of the PV industry chain to provide more eco-friendly products for Australia's energy transition. The company also advocates for Sino-Australian collaboration in green investment and carbon trading, promoting ESG financial tools such as green bonds and carbon credit mechanisms to secure long-term funding for renewable energy projects. In closing, Zhong summarized how Chinese and Australian enterprises can strengthen technological collaboration to foster healthy growth for both businesses and related industries. He highlighted that technological innovation is the core driver of sustainable development in the PV sector. LONGi is committed to deepening Sino-Australian sci-tech cooperation in clean energy, leveraging cutting-edge technologies to enhance energy efficiency and drive industry transformation. For example, through platforms like the China-Australia Joint Committee on Science and Technology Cooperation, LONGi will expand joint R&D with Australian universities, research institutions, and enterprises to explore more efficient and sustainable PV technologies. As early as 2018, LONGi established a long-term technical partnership with the University of New South Wales (UNSW), collaborating on research into high-efficiency PV technologies, renewable energy system optimization, and talent development in the field. The two parties also jointly launched a research project on "PV-Powered Water Treatment Systems," exploring PV applications in environmental protection. Furthermore, LONGi's world-record-breaking monocrystalline silicon cell efficiency of 27.30% and its 34.6% crystalline silicon-perovskite tandem cell efficiency—both recognized as global benchmarks—have been included in the Solar Cell Efficiency Tables by Professor Martin Green, the "Father of Photovoltaics" at UNSW. Notably, Australia ranks among the global leaders in rooftop solar adoption, with solar power once accounting for 80.5% of electricity supply in Western Australia, reflecting strong public acceptance and participation. The Australian government has also set a target for 82% of its electricity to come from renewables by 2030. Zhong concluded by emphasizing that in the context of deep decarbonization, electricity alone cannot meet all energy demands. Therefore, LONGi has strategically expanded into green hydrogen and green methanol businesses, converting low-cost clean electricity into green liquid and gaseous energy forms. Looking ahead, LONGi aims to deliver optimal solutions across photovoltaic systems, green hydrogen, and green methanol sectors. This strategy seeks to contribute greater value to the global energy transition while expanding the company's long-term growth opportunities. Moving forward, LONGi will work closely with strategic partners in Australia to jointly achieve this goal. With policy support, infrastructure development, and technological innovation, Australia's energy transition is poised to advance steadily toward a sustainable future. About LONGi Founded in 2000, LONGi is committed to being the world's leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation. Under its mission of 'making the best of solar energy to build a green world', LONGi has dedicated itself to technology innovation and established several business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com/
South Australian Local Council, City of Playford, installs solar on six key buildings; delivering on ESG goals ADELAIDE, Australia, March 26, 2025 /PRNewswire/ -- Trinasolar, a global leader in smart PV and energy storage, has partnered with Venergy Solar to deliver a multibuild solar installation across the City of Playford. Six key council buildings have enhanced their green energy credentials by installing solar across their rooftops, providing long-term energy savings and reinforcing the council's commitment to driving clean energy in the region. Shedley Theatre, featuring Trinasolar's Vertex S+ modules. Credit: Venergy Solar Australia The large-scale rooftop rollout covers theatres, sports clubs, and carparks, totalling 202kW of installed capacity, reducing the council's reliance on grid electricity and cutting carbon emissions. The project underscores Playford's forward-thinking approach to sustainability and its ability to leverage technology to achieve clean energy goals, while ensuring responsible procurement practices aligning with stringent environmental, social, and governance (ESG) standards. Jonathan Roberts, Senior Manager Asset Operations at the City of Playford, commended the project's positive impact on the community, "This initiative aligns with our vision for a greener, more sustainable Playford. By investing in renewable energy, we are not only reducing costs but also demonstrating environmental leadership that benefits our broader community." Delivered by Venergy, a trusted provider of renewable energy solutions, the project saw the integration of Trinasolar's high-performance Vertex S+ modules across all six sites. Matthew Wilkins, CEO of Venergy, highlighted the project's success in meeting the council's energy goals. "Venergy is proud to have played a key role in this landmark project, ensuring high-quality solar solutions were installed efficiently and effectively. Trinasolar modules were chosen for their industry-leading efficiency, durability, and long-term performance, ensuring maximum energy output for the City of Playford," said Wilkins. Trinasolar, a global leader in solar technology, supplied the high-efficiency Vertex S+ 500W (NEG18R.20) monofacial dual glass modules for the project. The selection of Trinasolar was not only driven by the high performance of its modules, due to its cutting-edge n-type i-TOPCon cell technology, but also by the company's strong ESG credentials. The City of Playford prioritised sustainability throughout the procurement process, ensuring that every component of this project aligned with its strict ESG standards. Responsible procurement was a key priority, with a focus on sourcing from manufacturers that uphold sustainability, transparency, and ethical production practices. Trinasolar's commitment to low-carbon solar module production aligned perfectly with these stringent ESG requirements, ensuring that the environmental benefits of this project extend beyond energy generation to responsible and ethical manufacturing. Edison Zhou, Head of Australia and New Zealand at Trinasolar, emphasised the company's dedication to delivering reliable and environmentally responsible solar solutions. "We are delighted to partner with Venergy and the City of Playford to power critical community infrastructure with clean energy. We view sustainability as a key competitive advantage and are committed to supporting Australian councils and businesses with high-quality, efficient solar technology driving both long-term sustainability and cost savings. Our low-carbon manufacturing process ensures that our modules contribute to a cleaner future not just in their energy generation, but in their entire lifecycle ," said Zhou. The project included installations at key locations such as the Virginia Horticultural Centre, Shedley Theatre, Uley Road Hall, Windsor Carpark, The Precinct, and Angle Vale Sports Club. These solar systems will not only reduce operational costs for the council but also serve as a model for other municipalities looking to implement large-scale renewable energy solutions while adhering to best-practice ESG principles.
SHANGHAI, March 22, 2025 /PRNewswire/ -- Qn-SOLAR, a rising star in clean energy solutions, has announced a major breakthrough in perovskite solar technology, aligning with the Earth Hour 2025 theme, "Give an Hour for Earth Doing Something You Love." The company pledged to accelerate the commercialization of perovskite solar cells, driving the next wave of photovoltaic innovation. To mark the occasion, Qn-SOLAR hosted an Earth Hour campaign, showcasing how perovskite technology can provide green power without relying on the traditional grid. Qn-SOLAR's Perovskite Innovation Hub In 2024, Qn-SOLAR achieved remarkable growth, increasing its global shipments from 6GW to 8GW, further expanding its presence in key markets across Europe and Latin America, while accelerating its entry into emerging markets. The company is now actively investing in perovskite solar technology, which is widely regarded as the next-generation photovoltaic solution due to its low material cost (1/20 of silicon), superior low-light performance, and customizable design. Qn-SOLAR aims to integrate this cutting-edge technology into high-end solar applications. Breakthroughs in Perovskite Technology Qn-SOLAR has made significant strides in advancing perovskite solar cells, achieving key milestones: Record Efficiency Gains: Power conversion efficiency has surged from 3.8% to 27%, matching the highest laboratory efficiency of monocrystalline silicon cells (26.8%). Scalability: Small-scale cells (1cm²) now exceed 20% efficiency, while larger cells (15×15 cm²) achieve 16% efficiency. Innovative Features: Breakthroughs include high transparency and superior low-light response, marking a first in China. Customization: The technology allows for customizable colors, making it ideal for applications such as Building-Integrated Photovoltaics (BIPV), wearables, and portable devices. From R&D to Commercialization Qn-SOLAR is transitioning from research to large-scale production: Current Status: The company operates a pilot-scale laboratory line, with some projects already in real-world applications. Production Roadmap: A 20MW production line is set for launch in the second half of 2025, followed by a 50MW facility in 2026, paving the way for full commercialization. Expert Team & Facilities: The company's 1,000m² research center houses one of the earliest perovskite R&D teams in the industry, ensuring continuous innovation and product optimization. "Our advancements in perovskite technology will redefine the future of solar energy," said Stephen Cai, Chairman of Qn-SOLAR. "We are committed to accelerating the commercialization of this revolutionary technology, making clean energy more efficient, accessible, and sustainable." Engaging the Public with Real Initiatives To celebrate Earth Hour 2025, Qn-SOLAR launched an online campaign encouraging individuals to share their experiences using clean energy with the hashtag #BiggestHourForEarth. The company also reinforced its commitment to sustainability through everyday operations: Low-Carbon Factories: Qn-SOLAR facilities rely on solar power for self-consumption, and office spaces are transitioning to paperless operations. Employee Engagement: The company promotes environmental responsibility with activities like "plogging" (jogging while picking up litter) and encourages staff to turn off lights and spread awareness online. A More Resilient Future Powered by Innovation Looking ahead, Qn-SOLAR remains dedicated to harnessing technology to create a more sustainable planet. By leveraging clean energy solutions, the company is committed to reducing carbon footprints, advancing sustainable practices, and building a more sustainable and resilient future for all. Qn-SOLAR Team Participates in Plogging
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