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SINEXCEL Showcases Solar-Storage-Charging and Energy Storage Solutions for C&I Applications at Intersolar & Energy Storage North America 2025

SAN DIEGO, Feb. 26, 2025 /PRNewswire/ — SINEXCEL (300693.SZ), a global pioneer in modular energy storage and EV charging solutions, presents its comprehensive energy solutions at Intersolar North America 2025. With a focus on enhancing energy efficiency, SINEXCEL showcases its cutting-edge Solar-Storage-Charging Solutions, along with two key storage products: the 160kW Modular Bi-directional Storage Inverter and the SES-90K Pre-engineered All-in-one Outdoor BESS Cabinet, both designed to optimize energy usage, enhance energy resilience, and drive cost savings for C&I applications.

SINEXCEL Showcases Solar-Storage-Charging and Energy Storage Solutions for C&I Applications at Intersolar & Energy Storage North America 2025
SINEXCEL Showcases Solar-Storage-Charging and Energy Storage Solutions for C&I Applications at Intersolar & Energy Storage North America 2025

Solar-Storage-Charging Solution: A Unified, Intelligent Approach

SINEXCEL highlights its Solar-Storage-Charging Solution, designed to maximize energy efficiency with rapid response times and enhanced safety.

This solution improves solar and energy storage efficiency by 4%, directly converting both battery electricity and solar power into the current needed for charging. The system’s capacity is scalable, allowing for the addition of ultra-fast charging infrastructure, solar storage, and vehicle-grid interaction capabilities to meet the needs of the rapidly growing electric vehicle sector.

At the core of this solution lies the Tianji Architecture, a distributed modular DC bus with a standardized platform. This architecture ensures 0 power consumption, 0 on-site maintenance, 0 curtailment, and 0 grid connection, 0 overload, guaranteeing safe and efficient operation of all equipment and power line—offering charge point operators unmatched reliability.

SES-90K Pre-engineered All-in-one Outdoor BESS Cabinet

The SES-90K is a modular, pre-engineered battery energy storage solution designed for easy configuration and maintenance. With flexible power configurations ranging from 30kW to 90kW, it can be adapted to a wide range of applications and is certified for global grid compatibility.

Built to endure the most challenging environments, the S90 features IP54/NEMA 3R protection, seismic resistance, and has been rigorously tested for safety with UL9540 and UN3480 transport certification. Featuring 3-9 MPPTs, it optimizes solar energy output, improving both energy conversion and generation efficiency. Additionally, its 30ms automatic backup switch ensures uninterrupted power supply during grid outages, making it a reliable choice for critical applications.

160kW Modular Bi-directional Storage Inverter

SINEXCEL’s PWS1-160M-H-EX/NA inverter is designed for maximum versatility and performance in the harshest environments. With an IP66 rating, it is built to withstand extreme conditions like islands and deserts, and supports flexible configurations, including flat, vertical, or wall-mounted installations. The inverter offers a flexible 850–1500Vdc range, accommodating various battery types.

Engineered for grid frequency regulation, the 160kW inverter can handle overloads up to 1.5 times for 10 seconds and responds flexibly to FFR, FCR, and FCAS services. Its compatibility with both air-cooled and liquid-cooled batteries ensures efficient heat dissipation. With a 1.6MW capacity from 10 units in parallel, it’s an ideal solution for both grid-connected and isolated energy systems.

A Sustainable Future Ahead

With a commitment to driving the transition to renewable energy, SINEXCEL is committed to developing innovative energy solutions backed by nearly 20 years of expertise in power electronics, empowering energy freedom and unlocking new possibilities for sustainable, efficient energy use.

About SINEXCEL

Founded in 2007, SINEXCEL is a leading pioneer of energy storage, EV charging and power quality solutions, backed by nearly two decades of expertise in power electronics. With over 12 GW of installed capacity in energy storage projects and 140,000 deployed EV charging systems, SINEXCEL has collaborated with more than 600 partners, including industry leaders EVE Energy and Shell, across 60+ countries and six continents. SINEXCEL is dedicated to delivering innovative energy solutions worldwide, empowering energy freedom and cultivating a cleaner, greener future.

Media Contact
Melody Yu, Marketing Manager
melody_yu@sinexcel.com 

Compass Mining Expands with 20 MW Hydro-Cooled Bitcoin Mining Facility in North Dakota

5.5 MW of the Next-Generation Antminer S21 Hydro Machines Already Energized for Institutional Client

WILMINGTON, Del., Feb. 26, 2025 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, is pleased to announce the launch of a new 20-megawatt (MW) Bitcoin mining facility in North Dakota. The facility is equipped with the water-cooled Antminer S21 Hydro machines, with 5.5 MW of capacity already energized by Compass. The remaining machines will be phased in over the coming months to meet growing demand from Compass’s clients.

This expansion allows Compass to immediately provide hosting services to both institutional investors and individual miners. Effective immediately, customers purchasing machines through Compass’s platform—starting with a minimum order quantity (MOQ) as low as one unit—will have the option to deploy them at the “North Dakota 2″ site.

“Our continued expansion of both self-owned and partner-operated facilities reflects our commitment to offering flexible and efficient Bitcoin mining solutions,” said Shanon Squires, Chief Mining Officer at Compass Mining. “The introduction of hydro-cooling technology provides our clients with a more powerful and energy-efficient mining option while ensuring long-term machine durability.”

The newly energized 5.5 MW of power capacity consists of 1,000 units of the Antminer S21 Hydro, the newest generation of bitcoin mining machines. These machines use advanced water blocks to dramatically improve cooling efficiency compared to traditional air-cooled systems. This results in increased processing power, reduced energy consumption, and a more stable operating environment, minimizing downtime and maximizing long-term performance.

Compass Mining’s strategic approach combines self-owned facilities, such as its recent Iowa 4 site, with high-uptime third-party partnerships to maximize operational reliability. In 2024, Compass energized approximately 50 MW of mining capacity across sites in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas, reinforcing its position as the leading provider of hosting and operational solutions for bitcoin mining.

About Compass Mining

Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.

IBM Expands Granite Model Family with New Multi-Modal and Reasoning AI Built for the Enterprise

  • Granite 3.2 – small AI models offering reasoning, vision, and guardrail capabilities with a developer friendly license
  • Updated Granite time series models that offer long-range forecasting with less than 10M parameters

ARMONK, N.Y., Feb. 26, 2025 /PRNewswire/ — IBM (NYSE: IBM) today debuted the next generation of its Granite large language model (LLM) family, Granite 3.2, in a continued effort to deliver small, efficient, practical enterprise AI for real-world impact.


All Granite 3.2 models are available under the permissive Apache 2.0 license on Hugging Face. Select models are available today on IBM watsonx.ai, Ollama, Replicate, and LM Studio, and expected soon in RHEL AI 1.5 – bringing advanced capabilities to businesses and the open-source community. Highlights include:

  • A new vision language model (VLM) for document understanding tasks which demonstrates performance that matches or exceeds that of significantly larger models – Llama 3.2 11B and Pixtral 12B – on the essential enterprise benchmarks DocVQA, ChartQA, AI2D and OCRBench1. In addition to robust training data, IBM used its own open-source Docling toolkit to process 85 million PDFs and generated 26 million synthetic question-answer pairs to enhance the VLM’s ability to handle complex document-heavy workflows.
  • Chain of thought capabilities for enhanced reasoning in the 3.2 2B and 8B models, with the ability to switch reasoning on or off to help optimize efficiency. With this capability, the 8B model achieves double-digit improvements from its predecessor in instruction-following benchmarks like ArenaHard and Alpaca Eval without degradation of safety or performance elsewhere2. Furthermore, with the use of novel inference scaling methods, the Granite 3.2 8B model can be calibrated to rival the performance of much larger models like Claude 3.5 Sonnet or GPT-4o on math reasoning benchmarks such as AIME2024 and MATH500.3
  • Slimmed-down size options for Granite Guardian safety models that maintain performance of previous Granite 3.1 Guardian models at 30% reduction in size. The 3.2 models also introduce a new feature called verbalized confidence, which offers more nuanced risk assessment that acknowledges ambiguity in safety monitoring.

IBM’s strategy to deliver smaller, specialized AI models for enterprises continues to demonstrate efficacy in testing, with the Granite 3.1 8B model recently yielding high marks on accuracy in the Salesforce LLM Benchmark for CRM.

The Granite model family is supported by a robust ecosystem of partners, including leading software companies embedding the LLMs into their technologies.

“At CrushBank, we’ve seen first-hand how IBM’s open, efficient AI models deliver real value for enterprise AI – offering the right balance of performance, cost-effectiveness, and scalability,” said David Tan, CTO, CrushBank. “Granite 3.2 takes it further with new reasoning capabilities, and we’re excited to explore them in building new agentic solutions.”

Granite 3.2 is an important step in the evolution of IBM’s portfolio and strategy to deliver small, practical AI for enterprises. While chain of thought approaches for reasoning are powerful, they require substantial compute power that is not necessary for every task. That is why IBM has introduced the ability to turn chain of thought on or off programmatically. For simpler tasks, the model can operate without reasoning to reduce unnecessary compute overhead. Additionally, other reasoning techniques like inference scaling have shown that the Granite 3.2 8B model can match or exceed the performance of much larger models on standard math reasoning benchmarks. Evolving methods like inference scaling remains a key area of focus for IBM’s research teams.4

Alongside Granite 3.2 instruct, vision, and guardrail models, IBM is releasing the next generation of its TinyTimeMixers (TTM) models (sub 10M parameters), with capabilities for longer-term forecasting up to two years into the future. These make for powerful tools in long-term trend analysis, including finance and economics trends, supply chain demand forecasting and seasonal inventory planning in retail.

“The next era of AI is about efficiency, integration, and real-world impact – where enterprises can achieve powerful outcomes without excessive spend on compute,” said Sriram Raghavan, VP, IBM AI Research. “IBM’s latest Granite developments focus on open solutions demonstrate another step forward in making AI more accessible, cost-effective, and valuable for modern enterprises.”

To learn more about Granite 3.2, read this technical article.

About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain a competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity, and service. Visit www.ibm.com for more information.

Media contact:
Amy Angelini
IBM AI Communications
alangeli@us.ibm.com  

1

Vision model benchmark results are available in IBM’s technical article, IBM Granite 3.2: Reasoning, Vision, Forecasting, and More, published February 26,  2025.

2

Instruct model  benchmark results are available in IBM’s technical article, IBM Granite 3.2: Reasoning, Vision, Forecasting, and More, published February 26,  2025.

3

Inference scaling benchmark results are available in IBM’s technical research blog, Reasoning in Granite 3.2 Using Inference Scaling, published February 26, 2025.

4

Reasoning in Granite 3.2 Using Inference Scaling, IBM, published February 26, 2025.

 

IBM Corporation logo.
IBM Corporation logo.

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 26TH

NEW YORK, Feb. 26, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 26TH

Trinity Chavez delivers the pre-market update on February 26th

  • The Dow continued to gain, aided by earnings from Home Depot (NYSE: HD)
  • Nvidia to report earnings after market close this evening
  • Markets closed mixed on Tuesday as investors weigh economic concerns and upcoming data

Watch NYSE TV Live every weekday 9:00-10:00am ET 

Video – https://mma.prnasia.com/media2/2628363/NYSE_Feb_26_Market_Update.mp4

 

CNPC ETRI Unveils 2024 Report on Oil and Gas Industry Development and 15th Five-Year Outlook

BEIJING, Feb. 26, 2025 /PRNewswire/ — On January 21, the CNPC Economics & Technology Research Institute (CNPC ETRI), China’s premier energy think tank, unveiled the 17th edition of its annual oil and gas industry report, titled 2024 Report on Oil and Gas Industry Development  in Beijing. The release was accompanied by the “Outlook on the Development Environment of the Domestic and International Oil and Gas Industry for the 15th Five-Year Plan” and the “Energy Data Handbook of CNPC ETRI.”

CNPC ETRI Unveils 2024 Report
CNPC ETRI Unveils 2024 Report

In 2024, the oil and gas industry shows a “stable yet evolving” landscape, driven by a resilient global economy amidst complexity.  It forecasts that in 2025, the industry will navigate a landscape of “seeking stability amid change,” as intensified competition among major nations could reshape the global energy sector. China’s oil and gas sector remains vital for economic growth, while also pushing towards environmentally responsible practices to achieve sustainability goals.

The report highlights global energy trends, significant trends include a shift towards clean energy, increased electrification, the expansion of emerging technologies, and enhanced energy integration. Looking ahead to 2025, global energy demand is anticipated to grow moderately, with a long-term shift towards green and low-carbon practices.

At the report release conference, industry analysts from CNPC ETRI discussed the development prospects for the oil and gas industry during the 15th Five-Year Plan period. However, the shift towards a multipolar world, coupled with a technological revolution, promises to reshape the energy landscape. China’s accelerated deployment of a sustainable and renewable energy ecosystem is expected to significantly stabilize the global energy supply chain and contribute to climate change mitigation efforts.

 

CLPS Incorporation to Announce First Half of Fiscal 2025 Financial Results

HONG KONG, Feb. 26, 2025 /PRNewswire/ — CLPS Incorporation (the “Company” or “CLPS”) (Nasdaq: CLPS), today announced that it will release its financial results for the six months ended December 31, 2024, or the first half of the Company’s fiscal year 2025, before the market opens on Wednesday, March 5, 2025.

About CLPS Incorporation

Headquartered in Hong Kong, CLPS Incorporation is a leading global information technology (“IT”) consulting and solutions service provider, primarily focused on serving global institutions in the banking, wealth management, e-commerce, and automotive sectors. As an IT services provider for a growing network of clients within the fintech and financial services industry, CLPS has expanded its business beyond core IT services, venturing into the loan, e-commerce, academic education, and tourism sectors. Through its diversified offerings, CLPS is committed to providing comprehensive services and solutions for its clients. The Company maintains 19 delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Xi’an, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Hainan. The remaining 9 global centers are located in Hong Kong SAR, USA, Japan, Singapore, Malaysia, India, Philippines, Canada, and UAE. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, InstagramLinkedIn, X (formerly Twitter), and YouTube.

Forward-Looking Statements

Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company’s expectations of the Company’s future growth, performance and results of operations, the Company’s ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company’s most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

Captiva Verde Announces Partnership with Genesis Water Technologies

Vancouver, British Columbia – Newsfile Corp. – February 26, 2025 – Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (“Captiva Verde”) a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed in the US OTC Market under the symbol CPIVF announces the addition of Genesis Water Technologies, (“Genesis”) global leader in specialized pure water production, as a strategic partner to both the company and Matnaggewinu Development Corporation, (“MDC”) our 49% owned subsidiary.

Genesis is a global technology company founded to create sustainable, affordable, and efficient solutions to the international drinking water crisis. Over 1.8 billion people are living in water scarcity. According to the United Nations, by 2050 80% of the world will be water scarce. Genesis Systems developed and patented new methods of producing renewable water from air, which are used in our products such as WaterCubes®. Genesis Systems’® technology is endorsed by the United States Air Force. Genesis Systems® technology represents the culmination of years of R&D and is ideal for implementation in challenging environments worldwide. Genesis Systems® technology has best use cases in agriculture, energy, tourism, hospitals, emergency response, military and municipal water supplies. Additionally, it leverages advanced engineering to deliver reliable water generation solutions, even in regions facing water scarcity.

From individual water consumption to water service in buildings to industrial and agricultural use, Genesis Systems’® scalable technologies have the potential to save time, money, and lives, while increasing resilience and reach. In summary, Genesis Systems® patented technologies are the only scalable, turn-key, green tech that provides elegant solutions to meet increasingly challenging global water supply shortfalls.

Genesis Water Technologies brings extensive expertise in providing advanced water treatment and filtration solutions for both municipal and industrial clients. It is designed to be implemented in challenging environments worldwide, offering scalable solutions for individual water consumption to industrial and agricultural use. This partnership aligns with Captiva Verde’s commitment to delivering innovative and environmentally responsible solutions to address critical global challenges, including water scarcity and pollution. The website for Genesis Water Technologies can be found at: https://genesissystems.com.

The co-founder of Genesis Water Systems, Dr. David Stuckenberg, is a seasoned executive with over 25 years of experience within the infrastructure, water technology, and the renewable energy sectors. Dr. David Stuckenberg’s proven track record in driving growth and strategic development will provide invaluable insights as Captiva Verde and Matnaggewinu Development Corporation continues to expand its global footprint and develop cutting-edge sustainable technologies.

In 2018 and 2019, NATO named David Stuckenberg a “Young Disruptor.” He has been called “the George Kennan of this century” by senior military leaders and “a National Treasure,” by the former Director of the Central Intelligence, Agency Ambassador R. James Woolsey.

Dr. David Stuckenberg has executive experience in government and industry spanning nuclear weapons treaties to national critical infrastructure resilience and high-tech start-ups to large companies. David frequently lectures nationally and internationally at institutions like NATO, King’s College, and Chatham House on innovation and technology at nexus of strategy. His defense research and strategies have informed and shaped all levels of government (including U.S. Congress, Joint Chiefs of Staff, and the White House). Where these strategies and programs concern infrastructure, they are the exemplar for U.S. states and cities, including the nation’s largest federal complex, Joint Base San Antonio.

During his tenure at the Department of State, Dr. David Stuckenberg served as a Military Advisor and Subject Matter Expert where he created peacekeeping programs throughout the world and interfaced with the United Nations. Before this, David stood up and led a special Task Force for the Vice Chairman of the Joint Chiefs of Staff where he marshaled 150 organizations in ground breaking research leading to an Executive Order. This work now comprises a network of 400 organizations.

As a Post-Doctoral Research Fellow at Johns Hopkins, David is involved with novel research on asymmetric and hybrid warfare and water tech. Previous to joining Johns Hopkins, David was a U.S. Air Force Strategic Policy Fellow. He is also Chairman of the Board at the non-profit think tank American Leadership & Policy Foundation.

As an entrepreneur, David co-founded Genesis Systems and serves as the COO and Vice Chairman of the Board of Directors. Genesis Systems is a global green tech company solving global water scarcity with renewables. David has built companies and organizations from zero to more than $100 million in value. David’s business strategies have informed and are in use by leading companies including Citi® and BP®.

Dr. David Stuckenberg has judged at the NATO Innovation Hub and is involved in the impact-start-up community throughout the U.S. including the Defense Entrepreneurs Forum. As an aerospace engineer and inventor, David is the author of multiple patents. As a veteran combat pilot, he has flown more than 300 sorties worldwide.

He holds a Ph.D. in international security from King’s College; a Master’s in politics from George Washington University; and a B.S. in technology from University of Central Missouri. David is currently a Lt. Colonel in the Texas Air National Guard.

This partnership marks significant milestones in Captiva Verde and MDC’s mission to be at the forefront of sustainable technology solutions, further positioning the company as a key player in the global clean technology market.

About Genesis Water Technologies:

Genesis Water Technologies is a leading provider of advanced water treatment solutions, specializing in sustainable and innovative technologies that address water quality challenges for clients worldwide. Genesis Systems® technology has versatile use cases in agriculture, energy, tourism, hospitals, emergency response, military, and municipal water supplies. It is designed to be implemented in challenging environments worldwide, offering scalable solutions from individual water consumption to industrial and agricultural use. Their expertise spans across industries, including municipal, industrial, and commercial sectors.

About Matnaggewinu Development Corporation (MDC):

MDC is a Mi’kmaq-led organization committed to advancing economic development for Mi’kmaq communities through sustainable projects and partnerships. The corporation focuses on initiatives that preserve Mi’kmaq culture while fostering economic self-reliance and prosperity. MDC is 49% owned by Captiva Verde.

About Captiva Verde:

Captiva is a public company (CSE: PWR) dedicated to building partnerships that support Indigenous development and economic growth in key sectors such as sustainability, real estate-based hospitality, tourism, aviation and renewable resources.

On Behalf of the Board of Directors

“Jeff Ciachurski”

Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: westernwind@shaw.ca

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of Captiva’s health and wellness platform.

Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR profile at www.sedar.com). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

The issuer is solely responsible for the content of this announcement.

United Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification

HONG KONG, Feb. 26, 2025 /PRNewswire/ — United Warehouse Limited (“United”), a wholly-owned subsidiary of Marvion Inc. (OTC: MVNC), today announced the signing of a new Solar Photovoltaic (PV) System Service Agreement (the “Agreement”) with Starwarehouse Engineering Limited (“Starwarehouse”). This collaboration further solidifies United Warehouse’s commitment to sustainability and green energy transition while diversifying its revenue streams.

Under the Agreement, Starwarehouse will be responsible for designing, installing, and commissioning a 170kW solar PV system on the rooftop of another United Warehouse’s facility located at DD 119 LOT 1294,1295,1298, Pak Sha Tsuen, Yuen Long, New Territories. The system will include 512 units of 520W flexible solar panels, a 120kW inverter, a 50kW inverter, an isolation transformer, and other related equipment. The electricity generated by the system will be sold to CLP Power Hong Kong Limited (“CLP”) under the Feed-in Tariff (FiT) scheme, providing United Warehouse with a long-term, stable revenue stream while further reducing its carbon footprint.

The project is an expansion to the previous PV system installation done in October 2024, and this new installation is expected to commence operations in 2025 and will run until December 31, 2033. The PV system is projected to generate a significant amount of renewable energy annually, effectively reducing United Warehouse’s operational costs and promoting environmental sustainability.

Mr. Chan Sze Yu, CEO of Marvion Inc., commented, “This new agreement not only reflects our commitment to green energy but also demonstrates our ability to balance long-term financial returns with social responsibility. We look forward to the economic and environmental benefits the PV system will bring to the company, further strengthening our competitiveness in the Hong Kong market.”

A spokesperson for Starwarehouse added, “We are honored to partner with United Warehouse once again, providing them with efficient and safe PV solutions to support their energy transition. We believe this state-of-the-art system will deliver long-term environmental benefits and economic returns to the Marvion Group.”

Key Highlights of the Agreement:

  1. Revenue Diversification: The PV system will generate stable additional income for United Warehouse through CLP’s Feed-in Tariff scheme.
  2. Sustainability: The project will significantly reduce the company’s carbon footprint, supporting Hong Kong’s carbon neutrality goals.
  3. Long-Term Collaboration: The Agreement is valid until 2033, ensuring mutual benefits for both parties over the coming years.
  4. Risk Mitigation: The Agreement includes provisions for insurance, maintenance, and force majeure, ensuring smooth project operations.

This collaboration not only underscores Marvion and United Warehouse’s commitment to sustainability but also reinforces Marvion Inc.’s leadership in environmental protection and social responsibility as a logistics and warehousing service provider.

About Marvion

Mavion (MVNC) is a group provides logistics and warehousing services in the Hong Kong market. The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

For media queries, please contact:
ir@unitedksk.com