PR Newswire
09 Dec 2022, 23:10 GMT+10
SYDNEY, Dec. 9, 2022 /PRNewswire/ -- Xiamen Hithium Energy Storage Technology Co., Ltd ("Hithium") and the Sun Valley HK Group ("Sun Valley") signed a Memorandum of Understanding (MOU) for strategic cooperation on energy storage business in Australia.
The MOU is signed by Hong Chen, Managing Director of Hithium, and Mr. He, President of Sun Valley in Sydney landmark 5-star hotel Sheraton Hyde Park. The MOU signing ceremony is witnessed by Mr. Peter Hodge, Founder of BDO (global Top 5 accounting firm), Mr. Thomas Lee, Senior Partner of BDO, and Ms. Er, Customer GM of Sheraton Hyde Park. According to the agreement, Hithium and Sun Valley intend to explore various forms of cooperation on 8 solar farms projects under construction of totally about 200MW/400MWh and coming 400MW/800MWh projects in planning.
Sun Valley HK Group is a leading solar farm developer and highly committed to seeking innovative opportunities for solar and energy storage projects globally. By signing the MOU with Hithium, both parties will have a diversified and profound cooperation space in energy storage.
As demand for renewable energy increasing in Australia, energy storage continues to play an essential role in the power sector. Hithium places Australia as a significant market. This profound cooperation is with the intention to jointly build safer and more sustainable energy storage projects in Australia and reach a net-zero environment. On the basis of this MOU, Hithium will make full use of its capacity to innovate and deliver more energy storage projects in the near future.
By leveraging Hithium's cutting-edge energy storage products, Sun Valley's solar projects will reach new heights in terms of energy storage safety and sustainability. The cooperation will also enable Hithium to enhance its global footprint, especially in Australian market, and promote the application of its advanced energy storage technologies.
About Hithium
Hithium focuses on energy storage. Hithium specialize in the R&D, production and sales of LFP energy storage batteries and systems. With strong customer orientation, Hithium is committed to providing safe, efficient, clean and sustainable energy storage solutions for the world. Hithium now have over 4400 employees globally including over 1000 R&D engineers with extensive experience in energy storage. Hithium planned 4.71 billion USD total investment and 1,400,000m2 factory space to achieve 135GWh production capacity of energy storage battery in 2025. Learn more by visiting: https://www.hithium.com/en/
CONTACT: Xinping Zeng, zengxp@hithium.cn
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationMANILA, Philippines: After a Filipina domestic worker was killed and dumped in the desert in the oil-rich emirate of Kuwait, ...
LONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
Israel was behind Sunday morning's drone strike on an Iranian munitions facility; the Wall Street Journal has reported, citing American ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...
LONDON, England: Insurance broker Aon has estimated that natural disasters caused global economic losses worth $313 billion in 2022.It added ...
NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...
JERUSALEM, Israel: As demand for its driver-assistance technology rises among vehicle-makers, Mobileye Global is forecasting revenues for the 2023 fiscal ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...