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 Sydney Sun 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 Sydney Sun.
More InformationBANGKOK, Thailand: Following China's reopening and the end of its strict COVID-19 restrictions, businesses on Thailand's holiday island of Phuket ...
NEW YORK, New York - Recession fears faded on Wall Street Thursday as annualized 4th quarter GDP (gross domestic product) ...
WASHINGTON D.C.: In December 2022, US existing home sales declined to a 12-year low, but lower mortgage rates raised cautious ...
SEOUL, South Korea: Korea Customs Service data released this week showed that South Korean exports for the first 20 days ...
SEATTLE, Washington: Amazon.com's cloud services division, Amazon Web Services (AWS), has announced that it will expand its data centers in ...
NEW YORK, New York - U.S. stocks crumbled on Wednesday as the extended rally on Wall Street came to an ...
TOKYO, Japan: Japanese Prime minister Fumio Kishida said this week that it was "now or never" for Japan, one of ...
WASHINGTON D.C.: As part of its efforts to simplify the national COVID-19 vaccine strategy, the US Food and Drug Administration ...
WASHINGTON D.C.: US authorities said this week that a surge in Cubans and Nicaraguans arriving at the US border with ...
OTTAWA, Canada: Canadian Prime Minister Justin Trudeau's Liberal government plans to implement its long-awaited workforce transition bill, the "Just Transition," ...
TOKYO, Japan: The Yomiuri newspaper has reported that Japanese Prime Minister Fumio Kishida is planning to visit Kyiv in February ...
HONOLULU, Hawaii: The casket bearing Abigail Kinoiki Kekaulike Kawananakoa, long considered the last Hawaiian princess, has gone on public viewing ...