INNIO Group to Acquire Northeast-Western Energy Systems (NES-WES) – Largest Distributor for Jenbacher Solutions in the U.S.

JENBACH, AUSTRIA / ACN Newswire / September 25, 2023 / The INNIO Group (INNIO*) today announced the acquisition of Northeast-Western Energy Systems (NES-WES) from Penn Power Group. NES-WES is a leading power systems integrator in the U.S. With this decision, INNIO continues its successful growth strategy in the U.S. and builds a nationwide offering for new installations and energy services in the U.S.

Leading Jenbacher distributor

NES-WES is one of the leading distributors for Jenbacher solutions globally. INNIO has been working with NES-WES for the past 20 years to develop the market in North America and established a remarkable local installed base for its Jenbacher product brand. NES-WES has evolved to be the largest distributor for Jenbacher solutions in the U.S. with an experienced management team, a highly skilled workforce, and an industry-leading customer service organization in place.

Strong position for continuous growth

NES-WES has a large installed base of Jenbacher engines in the 500 kW – 5.0 MW range supported by very strong parts and service capabilities. This provides a strong foundation to build a nation-wide leading distributed energy business, integrating engines, renewable technologies, energy storage systems, standby power systems, microgrids and related services. Through the acquisition, INNIO is in the position to rapidly scale the business and expand its share for firm-hybrid microgrids, peaking power and renewable gas applications.

“Building on our successful collaboration with the very experienced Northeast-Western Energy Systems team, we will now be able to further grow our business in North America. Not only can we increase our offering for new installations and related services, but we add outstanding microgrid and project management expertise to our team,” said Dr. Olaf Berlien, President and CEO of INNIO Group. “I look forward to welcoming the Northeast-Western Energy Systems team to the INNIO Group.”

Al Clark, President and CEO of NES-WES added: “As the largest distributor for Jenbacher solutions in the U.S., we know the Jenbacher product portfolio and applications extremely well and have experienced significant, increased demand for INNIO’s energy solutions first-hand. We have strong in-house capabilities to design, integrate, build, operate and maintain small to large, distributed energy systems, microgrids, balance of plant systems for continuous duty, peaking, and fast start data center applications. Combined with INNIO’s immense growth and innovation potential we will be well positioned to expand INNIO’s market position in the U.S. We are truly very pleased to join forces and excited about the opportunities of this partnership.”

The transaction is expected to close in Q4 2023.

About INNIO Group

INNIO* Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its product brands Jenbacher* and Waukesha* and its digital platform myPlant*, INNIO offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO is individual in scope, but global in scale. With its flexible, scalable, and resilient energy solutions and services, INNIO enables its customers to manage the energy transition along the energy value chain wherever they are in their transition journey.

INNIO is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). A team of more than 4,000 experts provides life-cycle support to INNIO’s more than 55,000 delivered engines globally through a service network in more than 100 countries.

In March 2023, INNIO’s ESG rating ranked first out of more than 500 companies worldwide in the machinery industry assessed by Sustainalytics.

For more information, visit INNIO’s website at www.innio.com. Follow INNIO Group and its brands on X (formerly known as Twitter) and LinkedIn.

* INNIO, Jenbacher, Waukesha, and myPlant are trademarks of the INNIO Group or one of its affiliates. All other trademarks and company names are the property of their respective owners.

About Northeast-Western Energy Systems (“NES-WES”):

NES-WES is well established across the U.S. as a leading integrator of Jenbacher clean natural gas Combined Heat and Power, biogas, landfill gas and wood gas to energy solutions. NES-WES has continuously evolved over (20) twenty years to include business development, application-solutions engineering, project engineering, combined with comprehensive parts, service and operating capabilities. NES-WES focuses on integrated Combined Heat and Power, distributed energy, demand response-peaking and data center solutions including microgrids, battery energy storage systems, thermal solutions, carbon sequestration, emissions controls, electric generation, distribution, and control systems.

NES-WES is headquartered in Bristol, Pennsylvania with well established operations in Brea, California, and Anchorage, Alaska with further expansion coming soon.

For more information about NES-WES visit www.nes-wes.com as well as the LinkedIn page of Northeast-Western Energy Systems.

Contact Information:
Susanne Reichelt
INNIO Media Relations
susanne.reichelt@innio.com
+43 664 80833 2382

BLUETTI Announces Essential Safety Guidelines for Dealing with Unexpected Power Outages

SYDNEY, AU, Sep 15, 2023 – (ACN Newswire) – Nino conditions have developed in the tropical Pacific for the first time in seven years, making Australia more vulnerable to frequent extreme weather events and natural disasters such as bushfires and floods. Last year, for example, Australia experienced four major floods and had losses totaling $11.7 billion, according to global reinsurance company Munich Re.

While we can't prevent these events, we can certainly mitigate their impact, especially when it comes to the power outages that inevitably follow. BLUETTI, a pioneering name in power storage solutions, offers crucial safety tips to help you and your loved ones prepare for and cope with sudden power loss during these trying times.

How to Prepare Before Natural Disasters

Natural disasters can strike suddenly, leaving little time for preparation. However, taking proactive steps in advance can significantly enhance your safety. Here's how you can prepare:

1. Stay Informed: Stay abreast of weather forecasts and local disaster risk assessments through trusted sources such as local news media, emergency management agencies, and official social media channels. Sign up for emergency alerts and notifications from your local government to receive accurate and timely information. Familiarize yourself with evacuation routes and community gathering points to ensure swift action when needed.

2. Prepare an Emergency Kit: Assemble a well-stocked kit containing nonperishable food, drinking water, medications, first aid supplies, a flashlight, batteries, a battery-powered radio, and essential documents. For those heavily reliant on electronic devices, consider adding BLUETTI's portable power stations, like EB3A, AC60, and EB70) to your kit. These multi-outlet handy power stations ensure you an stay connected and powered up, enabling you to receive official notices and maintain communication.

3. Develop an Emergency Plan: Natural disasters, like earthquakes, can strike suddenly and without warning. Don't leave anything to chance. Craft a comprehensive evacuation plan for your family, including multiple evacuation routes and a designated meeting place away from danger. Regularly practice these plans to ensure everyone knows their roles. Remember to include your furry family members in your plans.

4. Prepare a Home Backup Power Source: Following natural disasters such as wildfires or ice storms, you can expect prolonged outages lasting days or even weeks due to disrupted power grids. It is very important to prepare a powerful home backup power supply in advance. BLUETTI's AC300+B300 and EP500Pro power solutions offer seamless 24/7 UPS backup protection from power outages, keeping your home running as usual.

The AC300+B300 modular system, with a capacity ranging from 3,072Wh to 12,288Wh and a powerful 3,000W output, can power all your household appliances, including lights, fridges for fresh food, heating system for warmth, and CPAP machines for normal use. Plus, it can be charged at 2,400W via solar panels to ensure long-term power availability. Pairing it with two or three BLUETTI PV200 folding solar panels, an AC300+B300 combo can be topped up in 8 or 6 hours. BLUETTI is currently offering great savings on the AC300 and its bundles. An AC300+B300 combo is now $4,998, plus an extra $99 for a free PV350 solar panel (Originally priced at $1,299).

If you need a mobile, all-in-one home backup power source, the EP500Pro is your best choice, featuring a 5,100Wh LiFePO4 battery and a 3,000W pure sine wave inverter. Four smooth wheels on the bottom allow it to move freely around the house to power your devices. It also supports 1,200W solar charging, using 3 pieces of PV350 solar panels that could fully charge EP500Pro in 6 hours. Now, BLUETTI is discounting the EP500Pro+PV350 bundle for $6,299 to help you protect your home from losing power.

What to Do During Natural Disasters

When a natural disaster strikes, your safety and well-being are paramount. Here are practical steps to help you navigate the challenges:

Stay Informed and Calm: Keep your communication devices, like phones and radios, fully charged to stay informed about the situation. Staying calm is essential for making rational decisions.

Follow official instructions: If officials issue a shelter-in-place order, do as they say. Gather family members in a safe room away from windows and exterior walls. If ordered to evacuate, leave the area as directed and take your prepackaged supplies, including your BLUETTI backup power source, to sustain you for several days. Do not attempt to return until it is officially declared safe.

What to Do After Natural Disasters

As the disaster subsides, the aftermath can be just as challenging. Here's how to navigate the aftermath effectively:

Check for Safety: Assess your surroundings for potential hazards. If you need to venture outside, be cautious of downed power lines, debris, and unstable structures.

Document Damage: Take photographs of any damage to your property. This documentation will be essential for insurance claims and government assistance applications.

Stay Updated: Continue to follow local news, social media, and official announcements for recovery efforts, emergency shelters, and relief distribution points.

Natural disasters bring challenges, but with careful preparation and the right tools, you can minimize their impact on your life. BLUETTI's innovative power solutions, such as the AC300+B300 and EP500Pro, equip you with the means to stay connected, powered, and resilient during and after these hard times.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact:
Amanda Yan
Email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

China LNG & Gas International Summit & Exhibition rebranded to reflect China’s energy transition

SINGAPORE, Sep 13, 2023 – (ACN Newswire) – dmg events announces, 'China Energy Summit & Exhibition', an evolution of the well-established 'China LNG & Gas International Summit & Exhibition' in Beijing. China Energy Summit & Exhibition will continue to be a market leading event providing international markets an unrivalled opportunity to support regional and international LNG, gas, hydrogen and ammonia, and low carbon energy sectors in fast-tracking energy transition and achieving net-zero.

China has accelerated action to achieve its net-zero goals, with plans to cap its carbon dioxide (CO2) emissions over the next few years and achieve carbon neutrality by 2060. Over the past decade, China has remained the world's biggest "prosumer" of energy. The country's 14th Five Year Plan prioritises clean energy development while decarbonising its existing coal-dominated energy mix. Natural gas and hydrogen will play a vital role in China's roadmap reaching its "Dual-Carbon" target.

Held from 20-21 September 2023 at the China World Hotel, Beijing, China Energy Summit & Exhibition is expected to be attended by over 2,000 industry leaders and stakeholders, and more than 50 specialist exhibitors representing the entire LNG, gas and low carbon energy value and supply chain.

The Summit will gather 100+ regional and international CEOs, policymakers, industry experts and innovators, addressing pertinent opportunities and challenges facing China, Asia, and the global energy industry. Through dedicated keynotes, interviews, talks and panel discussions, the Summit will focus on key areas of discussion including long-term LNG outlook, the role of hydrogen and ammonia in meeting energy demand

and energy security, climate-tech, green finance, CCUS, policies and regulations, and building a resilient supply chain in the age of deglobalisation.

Christopher Hudson, President – dmg events, said, "China has always been an important market for the energy industry. It is one of the world's largest buyers of LNG & gas and is on course to achieve carbon neutrality before 2060, with hydrogen and ammonia a key part of that strategy. China Energy Summit & Exhibition will bring together expertise from China and international companies under one roof to help further the progress already achieved and continue to advance the industry towards energy security and net-zero. We are delighted to be able to bring an international event of this pedigree to China and the energy industry."

dmg events, the organisers of China Energy Summit & Exhibition, organise over 80 global energy events annually attracting over a million people worldwide. dmg events has the world's most extensive portfolio of energy exhibitions and conferences, with flagships including ADIPEC, Gastech, Global Energy Show, EGYPES and Future Energy Asia.

China Energy Summit & Exhibition will continue to be an influential platform for the industry's calendar and a pivotal event in dmg events' global energy portfolio as they continue to expand operations and activity throughout Asia.

About China Energy Summit & Exhibition

China Energy Summit & Exhibition 2023 serves as the annual destination for LNG, gas, hydrogen and ammonia industries from China and across the world to meet, engage, and advance the industry towards carbon neutrality and energy security.

An evolution of the established 'China LNG & Gas International Summit & Exhibition', the event will convene regional NECs, IECs, OEMs, EPCs, LNG buyers and sellers, as well as innovative service and technology providers at the China World Hotel, Beijing from 20 – 21 September 2023, to address the most pressing issues and opportunities facing China, Asia, and the global energy industry. Key areas of focus will include the long-term LNG outlook, the role of hydrogen and ammonia in meeting energy demand and energy security, climate-tech, green finance, CCUS, policies and regulations, and building a resilient supply chain in the age of deglobalisation.

About dmg events

dmg event is a leading global organiser of face-to-face events and intelligence products.

dmg events organise over 80 events across 25 countries, attracting over a million attendees and delegates annually. The company's portfolio of products includes many industry-leading events in the energy sector: ADIPEC, Global Energy Show, Gastech, EGYPES and Future Energy Asia are the company's flagship events. For more information, visit www.dmgevents.com.

Website & Social Media – www.chinaenergysummit.com/
www.linkedin.com/company/chinaenergysummit

For media partnerships, please contact:
Ms Eileen Tan
Email: EileenTan@dmgevents.com
Telephone: +65 8498 2950

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

China Energy Summit Welcomes State-owned China Enterprise News Group as Strategic Partner

BEIJING, Sep 13, 2023 – (ACN Newswire) – China Energy Summit & Exhibition announces state-owned China Enterprise News Group as a Strategic Partner for the event.

China Enterprise News Group is the only central-level media in China with enterprises and entrepreneurs at the core of its reporting. It is the most important news and information platform in the state-owned assets supervision and administration commission system of the State Council.

This partnership enhances the event by providing an unrivalled opportunity to support the regional and international LNG, gas, hydrogen and ammonia, and low-carbon energy sectors in fast-tracking energy transition and achieving net-zero.

China Energy Summit & Exhibition will convene regional NECs, IECs, OEMs, EPCs, LNG buyers and sellers, as well as innovative service and technology providers at the China World Hotel, Beijing, from 20 – 21 September 2023.

In addition to China Enterprise News Group, the two-day event is also backed by supporting associations and partners including China LNG Association, The International Ship Engineering Service Association (I.S.E.S.) Ltd, The PSI Association, Institute of Energy, Peking University, and The University of Texas at Austin.

The Summit, with over 100 distinguished regional and international CEOs, policymakers, industry experts, and innovators, will offer insightful discussions about the critical opportunities and challenges that both China and the global energy sector confront.

Through dedicated keynotes, interviews, talks, and panel discussions, the Summit will delve into key themes including the future landscape of LNG, the pivotal roles that hydrogen and ammonia play in fulfilling energy demand and ensuring energy security, climate technology, the dynamics of green finance, the imperative of CCUS (carbon capture, utilisation, and storage), evolving policies and regulations, and the strategies for fortifying supply chains in the era of deglobalisation. Whilst the attached Exhibition, with a select group of industry innovators, will showcase the latest available solutions.

Christopher Hudson, President – dmg events, said, "China has always been an important market for the energy industry. It is one of the world's largest buyers of LNG & gas and is on course to achieve carbon neutrality before 2060, with hydrogen and ammonia a key part of that strategy. China Energy Summit & Exhibition will bring together expertise from China and international companies under one roof to help further the progress already achieved and continue to advance the industry towards energy security and net-zero. We are delighted to be able to bring an international event of this pedigree to China and the energy industry."

Wu Yunguo, President of China Enterprise News Group, said "China Enterprise News Group, said "The cooperation between China Enterprise News Group and DMG is conducive to achieving the goal of creating a professional information channel for the domestic and international energy industry, building a high-quality and information rich platform for energy industry decision-makers, and achieving the goal of serving enterprises and entrepreneurs."

About China Energy Summit & Exhibition

China Energy Summit & Exhibition 2023 serves as the annual destination for LNG, gas, hydrogen and ammonia industries from China and across the world to meet, engage, and advance the industry towards carbon neutrality and energy security.

An evolution of the established 'China LNG & Gas International Summit & Exhibition', the event will convene regional NECs, IECs, OEMs, EPCs, LNG buyers and sellers, as well as innovative service and technology providers at the China World Hotel, Beijing from 20 – 21 September 2023, to address the most pressing issues and opportunities facing China, Asia, and the global energy industry. Key areas of focus will include the long-term LNG outlook, the role of hydrogen and ammonia in meeting energy demand and energy security, climate- tech, green finance, CCUS, policies and regulations, and building a resilient supply chain in the age of deglobalisation.

About dmg events

dmg event is a leading global organiser of face-to-face events and intelligence products.

dmg events organise over 80 events across 25 countries, attracting over a million attendees and delegates annually. The company's portfolio of products includes many industry-leading events in the energy sector: ADIPEC, Global Energy Show, Gastech, EGYPES and Future Energy Asia are the company's flagship events. For more information, visit www.dmgevents.com.

About China Enterprise News Group

Officially launched in January 1988 and inscribed by Chen Yun, China Enterprise News is the only central-level media in China with enterprises and entrepreneurs as the core of its reporting, and it is the most important news and information platform in the State-owned Assets Supervision and Administration Commission system of the State Council. Adhering to the purpose and mission of "serving enterprises and entrepreneurs, and being a bridge and link between the government, industrial zone and enterprises", China Enterprise News continues to pay attention to and report on the innovation and upgrading of enterprises.

The high-quality development of the regional economy has been widely recognized and praised.

China Enterprise News carried out the corporate restructuring at the last quarter of 2010. The "China Enterprise News" Group was since established in end 2013.

After the restructuring, "China Enterprise News", acts in accordance with the mission requirements of serving the enterprises and entrepreneurs. The newspaper group relies on the reporting resources of enterprises and entrepreneurs; the central government enterprise resources of the State-owned Assets Supervision and Administration Commission of the State Council; the 600,000 company members of the China Enterprise Confederation; and the corporate members and resources of the China's top 500 enterprises released every year.

Positioned to support the local governments and industrial zones in providing merchants investment services.

China Enterprise News Group has transformed from a traditional media to a central government media that provides comprehensive services for the development of the industrial zones and the growth of strategic emerging industries, and is committed to building an excellent all-in-one media, full-value chain and globalized industrial services platform.

Website & Social Media
Website: https://www.chinaenergysummit.com
LinkedIn: https://www.linkedin.com/company/chinaenergysummit

For media partnerships, please contact:
Ms Eileen Tan
Email: EileenTan@dmgevents.com
Telephone: +65 8498 2950

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BLUETTI Power Week: Unbeatable Power Stations and Free Gifts Up for Grab

SYDNEY, AU, Sep 12, 2023 – (ACN Newswire) – In today's world, electricity fuels every aspect of our lives, from home to off-grid adventures. However, high energy costs can put a significant dent in our wallets. The upcoming BLUETTI Power Week sale in September is the best time to score affordable power solutions that optimize power consumption and revolutionize your energy experience.

Reducing Power Bills

According to VOA news, Australians are paying some of the world's highest power prices. Sharp increases in power prices are making a cost-of-living crisis even worse. While with the BLUETTI AC300, you could still live comfortably without paying high electric bills.

Modular in design, the AC300 is a 15-outlet, 3,000W inverter that could power nearly anything plugged in, from refrigerators to microwaves to air conditioners. The real magic happens when it teams up with one to four 3,072Wh B300 batteries, creating a scalable capacity of up to 12,288Wh. This flexibility allows you to tailor your power system precisely to your needs. The AC300 supports solar charging of up to 2,400W and integrates seamlessly with existing or new solar setups such as the BLUETTI PV350 folding panels. By storing excess solar energy during the day and using it during peak hours or at night, this system could greatly slash your energy costs while promoting a greener lifestyle.

If you already have an AC300 system and are looking for an upgrade to meet your growing power needs. Choose the BLUETTI AC500+B300S, a 5,000W modular power system with a flexible capacity of up to 18,432Wh and 3,000W solar charging. When you order an AC500+B300S combo during this promotion, you'll receive a complimentary $499 trolley, making it easier than ever to transport and enjoy your newfound power potential.

If you need a mobile power supply, the all-in-one EP500Pro is your best choice. It comes with a 5,120Wh LiFePO4 battery pack and a 3,000W pure sine wave AC inverter. Despite its heavy weight, it rolls easily to wherever power is needed, thanks to its four sleek wheels on the bottom. This 15-outlet power station could power anything from fridges to circular saws and lawnmowers. Offering a rapid 5,400W dual AC+PV charging option, it can be swiftly replenished by the day and capitalize on low power prices. As dusk falls, it taps into the reservoir of stored free or inexpensive power to power your home, effectively reducing your energy expenses. In times of extended outages, its generous capacity ensures your home remains illuminated and connected.

For those with modest power needs and a limited budget, the 2,000W EP500 is an excellent choice. Sharing the capacity and wheeled design of its sibling, the EP500Pro, it's a versatile powerhouse that can easily power a variety of appliances. What's more, its 1,800W AC+PV dual charging capability also offers a way to save on your energy bills.

AC300&B300 Now $4,998, Add an Extra $99 for a PV350 Solar Panels($1,299)
EP500Pro +PV350 Was $7,698, Now $6,299, Save $1,399
EP500 Was $5,999, Now $5,499, Save $500

Elevating Off-Grid Living

Embarking on an off-grid journey or living far from the grid? BLUETTI has your back with the AC200P, a robust generator delivering 2,000W of continuous power and 4,800W of starting power. This powerhouse fuels an impressive range of appliances, from RV heaters to water pumps, microwaves, and even your RV as it has a 12V/25A RV outlet. Its versatile array of 13 outlets includes two AC ports, five USB ports, four 12V DC ports, and two wireless charging pads, offering a one-stop charging haven for all your needs. The 2,000Wh power beast supports fast 700W solar charging and can top up in 3.5 to 4 hours. Connecting it to solar panels, you'll get an endless energy supply wherever at any time. As its capacity is expandable to 6,096Wh with two B230 expansion batteries, the AC200P can evolve alongside your growing energy needs.

For a more compact yet potent option, consider the AC180, a versatile generator tailored for mobility. Weighing about 16.4kg, it easily fits in the trunk of your car, ready to hit the road. It can dish out 1,800W of power and increase to 2,700W in power lifting mode, to run resistive devices such as dryers and electric kettles. Its fast 1,440W AC charging enables an 80% recharge in just 45 minutes. You can easily feed it up during your pit stops. When coupled with solar panels, such as the BLUETTI PV350 folding panels, the AC180 could support a maximum solar input of 500W, and be fully charged in as little as 2 hours. This 1,152Wh power station offers a greener and quieter alternative to traditional gas generators when venturing outdoors.

Although the AC200P and AC180 aren't included in the Power Week sale, they have the best prices now.
AC200P on Clearance Sale, Only $1,999 now
AC180 on Hot Sale, Now $1,499

Energizing Your Outdoor Adventures

It's time for outdoor escapades, be it hiking, fishing, camping, rafting, or capturing scenic vistas with your camera or drone. For those looking for a rugged power solution, the dust and water-resistant (IP65-rated) AC60 is a true marvel. At approximately 9.1kg, the AC60 offers 600W of power and 403Wh of capacity, expandable to 2,015Wh with two B80 battery packs. With 7 versatile outlets, it can power a range of devices such as ice makers, refrigerators, phones, laptops, and more. Given BLUETTI Turbo Charging technology, you can charge the AC60 in just 1 hour using 600W AC charging. Powered by a LiFePO4 battery for a long battery life of over 3,000 cycles, and backed by BLUETTI's industry-leading 6-year warranty, the AC60 will keep you charged outdoors, rain or shine, for years to come.

AC60 Was $999, Now $899, Save $100

BLUETTI Power Week is the best time to score top power solutions up to 20% off. Don't miss out on these incredible limited-time offers to save big. In addition, from September 5th to September 18th, every purchase over a certain value, namely $1500, $2500, and $3500, will receive some gifts accordingly. You will also receive triple BLUETTI Bucks which can be redeemed for coupons and gifts. For more details please visit: https://www.bluettipower.com.au/pages/power-week

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact: Amanda Yan
Email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Chuncheng Heating Maintains High-Quality Development in 1H2023, Net profit Increases 95.9% year-on-year to RMB125 Million

HONG KONG, Sep 5, 2023 – (ACN Newswire) – Jilin Province Chuncheng Heating Company Limited ("Chuncheng Heating" or the "Group"; stock code: 1853), the largest heating service provider in Jilin Province, announced its interim results for the six months ended 30 June 2023 ("1H2023" or the "Period").

Financial Performance
During the Period, thanks to the increase in revenue from the heat supply business, the Group's total revenue was RMB898 million, up by 1.2% over the same Period last year. Gross profit increased significantly by 77.2% to RMB226 million, primarily due to decrease in heat procurement costs, coal procurement, labor workers as well as utilities costs, etc. Gross profit margin was at 25.1%. During the Period, with lower heat procurement cost, the establishment of the energy-saving and consumption reduction long term management mechanism to reduce energy consumption, together with optimizing the intelligent heat network control, the net profit attributable to equity holders of the Company surged 95.9% to RMB125 million. Net profit margin was 13.9% with earnings per share at RMB0.27.

Business Review
During the Period, the Group adhered to the concept of high-quality development. It continued to improve its management system for heat supply production and enhanced the level of applying intelligence in heat supply business. Besides, the Group actively responded to targets of the dual-carbon emission reduction and the work requirement of clean heating, as well as continued its cogeneration-led heat supply. During the Period, the Group's revenue generated from heat supply business was RMB879 million, up by 2.1% year-on-year. Its heat service area was up 5.0% to 65.136 million square meters. As for the number of users, the Group had 533,138 heat supply users, increased by 4.6% year-on-year, among which, the number of residential and non-residential users increased by 4.3% and 7.3% year-on-year respectively.

In terms of construction, maintenance, design services and others business, it mainly provides services such as construction and building of heat supply facilities, engineering maintenance and project design for users. Its revenue generated was RMB19 million during the Period. In 1H2023, the engineering construction business undertook 32 projects while the design services business undertook 7 design projects. The Group continued its cooperation with tertiary educational institutions in researching cutting-edge technologies in the industry. Currently, 7 research projects are conducted in cooperation with the Jilin Provincial Science and Technology Department and tertiary educational institutions.

In terms of research & development ("R&D"), the Group newly obtained 6 utility model patents issued by the China National Intellectual Property Administration and 5 computer software copyright certificates issued by the National Copyright Administration during the Period.

Mr. Sun Huiyong, Chairman of Chuncheng Heating, said, "In 1H2023, we actively enhanced resource allocation and implemented intensified energy conservation measures to promote high-quality development of heat supply and production businesses, allowing us to accomplish various tasks. Entering the second half of the year, the Group will focus on the target to improve the quality of heat supply and reduce energy consumption. To achieve this, we plan to carry out digital intelligence integration projects for heat supply through making full use of the AI intelligent heat supply algorithm technology, in a bid to practically improve the efficiency in the utilisation of energy and enhance the heat supply operating efficiency. Looking ahead, we will continue to closely monitor the economic development landscape and industry trends while promote the mixed ownership reform within state-owned enterprises. We will also deepen the innovation and R&D of intelligent heating systems, further enhance market share. Besides, we are aiming to utilize the comprehensive efforts of multiple fronts such as efficiency enhancement and brand building to drive the Group's business to the next level, creating ideal investment returns for shareholders."

Jilin Province Chuncheng Heating Company Limited (stock code: 1853)
Established in 2017, Jilin Province Chuncheng Heating Company Limited has 11 holding subsidiaries and 13 heat supply divisions, covering a business scope of heating services, heat transmission services, engineering construction, equipment maintenance, design and research, electrical instrument maintenance etc. As of June 30, 2023, the Group's heat service area covered 65.136 million square meters, providing heating for about 530,000 residential and non-residential users. The Group was listed on the Main Board of the Stock Exchange of Hong Kong Limited under the stock code "1853", becoming the first heating stock in the Hong Kong capital market.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PLN Signs Cooperation with TANESCO to Develop Electricity Ecosystem in Tanzania

JAKARTA, Sep 4, 2023 – (ACN Newswire) – Tanzania Electric Supply Co. Ltd. (TANESCO), a parastatal company incorporated in 1931, has adopted a business transformation implemented by Indonesian state-owned electric company PT PLN (Persero). Aiming to carry out similar developments in Africa, TANESCO agreed to a business cooperation with PLN.

PLN President Director Darmawan Prasodjo and TANESCO Managing Director Maharage Chande signing the MoU in Dar Es Salaam, Tanzania, on August 22. Indonesian President Joko Widodo and Tanzanian President Samia Suluhu Hassan look on. (Image: PTN)

The agreement was marked by the signing of a Memorandum of Understanding (MoU) between President Director of PLN, Darmawan Prasodjo and Managing Director of TANESCO, Maharage Chande, in the presence of Indonesian President, Joko Widodo and Tanzanian President, Samia Suluhu Hassan in Dar Es Salaam, Tanzania, on August 22.

The signing of an MoU between PLN and TANESCO signifies a significant milestone in the field of international business cooperation. This agreement entails the adoption of PLN's successful business transformation model by TANESCO, ultimately demonstrating PLN's intention to expand its presence in the global market.

President Director of PLN Darmawan Prasodjo explained that the MoU was a follow-up to a previous meeting in Jakarta on February 10, 2023, with Tanzania's Minister of Energy, January Makamba and TANESCO Management, regarding a cooperation with Indonesia in developing Tanzania's electricity sector ecosystem.

Darmawan added the MoU specifically outlines four key areas of collaboration. First, it highlights the importance of digital-based transformation, indicating a joint effort to embrace technology and innovation to enhance efficiency and reliability in power supply services, such as Digitalized Power Plant, Digitally Enabled Distribution Excellence, and Super App utility.

Secondly, the MoU emphasizes the development of the core utility business which includes which includes Maintenance, Repair, and Operation (MRO), and Collaborative Co-investment.

The third point of cooperation focuses on the development of non-core utility businesses such maintenance, repair, and operations (MRO).

Finally, the MoU highlights the importance of capacity building and comprehensive exchange through an internship program between PLN and TANESCO. This initiative aims to facilitate knowledge transfer and skill development between the two companies, fostering a culture of mutual learning and growth.

"PLN has experiences and success stories that can be shared and implemented in Tanzania, especially in terms of human resource management, transformation and digitalization in the electricity sector. For this reason, we will do our best effort in this cooperation, because PLN's success will also be an achievement for Indonesia," Darmawan said.

Managing Director of TANESCO, Maharage Chande said the business transformation steps taken by PLN can be adopted by TANESCO to make the electricity system in East Africa, especially Tanzania more reliable and sustainable. This cooperation is also to achieve a common goal towards Net Zero Emission (NZE).

"PLN is a very well-known electricity company in the global arena. This cooperation opens up opportunities for business expansion and also strengthens bilateral relations between the two countries as well as between companies," said Maharage Chande.

Overall, the signing of this MoU not only solidifies the partnership between PLN and TANESCO but also underscores the importance of international collaboration in the field of energy. By leveraging PLN's successful business transformation model, TANESCO aims to enhance its operations and service delivery, ultimately contributing to the economic growth and development of Tanzania.

About PLN
PT PLN (Persero) is a state-owned electricity company that continues to be committed and innovative in carrying out a mission to illuminate and move the nation. With a vision to become the leading electricity company in Southeast Asia, PLN is moving towards becoming the number one choice for energy solutions. PLN is committed to transformation with aspirations of being Green, Lean, Innovative, and Customer Focused to provide electricity for a better life. PLN can be contacted through the PLN Mobile application available on PlayStore or AppStore. https://web.pln.co.id/

Contact:
Gregorius Adi Trianto
Executive Vice President, Corporate Communications & CSR, PLN
Tel. +62 21 7261122
PT. Perusahaan Listrik Negara (Persero) [IDX: PLN]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Major Shareholder of China Power (2380.HK) Invests Over HK$280 Million to Increase Stakes by Over 100 Million Shares

HONG KONG, Sep 4, 2023 – (ACN Newswire) – In response to recent stock price fluctuations, State Power Investment Corporation Limited (SPIC), the major shareholder of China Power International Development Limited (2380.HK) (the "Company"), believing in the prospect and value of the Company, undertook a series of strategic purchases of the Company's shares. Over the past three trading days, SPIC substantially increased its equity holding in the Company by a total of more than 100 million shares, involving a noteworthy investment amount exceeding HK$280 million. This demonstrates SPIC's resolute commitment to stabilizing the Company's share price and safeguarding the interests of shareholders as a whole, as well as its robust confidence in the Company's future.

Recently, the Company has received favourable ratings from prominent financial institutions such as HSBC, Citibank, and Changjiang Securities. Market holds the view that SPIC has a strong desire to build its flagship listing platform. The series of capital transactions in the Company in fact reaffirms the Company's stature as SPIC's flagship stock. With outstanding results made in the first half of the year, the Company's strategies were in place at such a fast rate surpassing market expectations. Therefore, market is highly optimistic about the Company's value appreciation and investment opportunities during the "14th Five-Year Plan" period.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BayWa r.e. Solar Trade Celebrates Milestone – Surpassing 1 Gigawatt Cumulative Sales in Thailand for 2023

BANGKOK, Sep 1, 2023 – (ACN Newswire) – BayWa r.e. Solar Trade, the solar trading arm of the global renewable energy developer, service provider and solar distributor, announced that the company surpassed a cumulative sale of 1 GW (gigawatt) of string inverters in Thailand for the first half year of 2023, making it a significant milestone for the region's top global distributor. The 1 GW of string inverter sales is equivalent to 200,000 units of 5 kW (kilowatt) inverters.

BayWa r.e. Solar Trade established its Southeast Asia presence in Thailand in 2017, expanding to the Philippines in 2019. Further expansion was made into Vietnam and Malaysia in the years that followed. BayWa r.e. Solar Trade, since its founding in the region, has been hugely successful and has become a leading player in solar distribution. As a trusted global distributor of top-tier solar brands and products in the solar industry, the business unit provides best-in-class products and services for solar players in residential, commercial/industrial and utility market segments.

Commemorating the milestone, Junrhey Castro, Managing Director, BayWa r.e. Solar Systems Corporation said, "I join the entire Solar Trade team in celebrating this great achievement. The amazing success would have not been possible without our customers who share the same vision with us.

"It's with great pride I say that this BayWa r.e. milestone will aid towards Thailand's net-zero targets," he added.

Solar in Southeast Asia is set to further grow in 2023. According to the Asian Photovoltaic Industry Association, the market is expected to expand by 13% in 2023, to 3.8 GW of new installations. Starting from 2024, a high pace of growth is expected across the region. Annual installations are forecasted to grow 32% to reach 5.1 GW in 2024, 59% to 8.1 GW in 2025 and 28% to 10.4 GW in 2026, finally hitting 13.3 GW of new additions in 2027, according to the APVIA and the GSC.

The region's top five markets are Thailand, Malaysia, Philippines, Vietnam and Indonesia.

BayWa r.e. AG (BayWa r.e.):

At BayWa r.e. we r.e.think energy – how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.

We are a leading global developer, service supplier, distributor and solutions provider and have brought over 5.5 GW of energy online and manage over 10 GW of assets. We are also an Independent Power Producer with an expanding energy trading business.

BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.

Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.

Our shareholders are BayWa AG, a EUR27.1 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.

Contact information:
PRecious Communications for BayWa r.e. AG
Li Wen Tan
Tel: +65 6303 0567
Email: baywa-re@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Environmentally Friendly Clean Energy for a Prosperous Future

SYDNEY, AU, Aug 25, 2023 – (ACN Newswire) – Our lives are strongly connected to electric power. There are various ways to generate electricity, which can be broadly classified into two categories: fossil fuel-based energy and clean energy that utilizes nature. Among clean energy sources, solar power is the cleanest energy source on the planet today. Today, when it is difficult to live without electricity, solar power generation, which does not emit greenhouse gases, is attracting a great deal of attention.

Energy commonly used in our daily life

The electricity most commonly used today is generated by so-called "fossil fuels. As industry has evolved, the consumption of fuels has increased, bringing into sharp relief the problems of depletion of limited fossil fuels and environmental destruction.

When fossil fuels are used, "greenhouse gases" are emitted. This is the primary cause of "global warming," which we often hear about. There are concerns that global warming will cause the temperature of the entire planet to rise, resulting in abnormal weather, rising sea levels, and impacts on ecosystems and other factors.

This is why "clean energy" is attracting attention. Clean energy refers to energy that does not emit (or has reduced emissions of) greenhouse gases. The time has already come when we must generate power without relying on fossil fuels.

What can we do to reduce our dependence on fossil fuels?

The most efficient way to reduce dependence on fossil fuels is to use the clean energy of sunlight. However, solar power can only be generated while the sun is shining. Therefore, a power source that can store energy is needed. With solar panels and energy storage power sources, we can make clean energy more accessible and achieve our goals of saving energy and reducing greenhouse gas emissions at the same time. The power source using safe and secure lithium-ion iron phosphate batteries and solar panels with high power generation efficiency will make the future we imagine brighter. We must start now to do what we can do for the future and for the earth.

BLUETTI, a leading provider of this power source, makes it easy to use clean solar energy. It offers powerful off-grid energy solutions for everyone, no matter how far away from the grid they live. Tom Phease, who lives on a remote farm in southern Australia, uses the BLUETTI AC300+B300 system to store solar energy for his off-grid living. He sees this modular power station as a handy weapon to power his home and fieldwork, and in the future plans to support his chicken house with solar power. "BLUETTI is portable it's modular it's pretty reliable and it's there for need and it's going to be a big help as far as looking after the farm." Tom said in a video and expressed his preference for BLUETTI products. He even gifted a small BLUETTI generator to his friend Sarah to help her reduce electricity bills.

By using the clean energy of solar power, we can protect the blue planet we live on. We need to reduce greenhouse gas emissions by using clean energy in our daily lives so that our future children can live on a beautiful planet.

In addition to the AC300 system, BLUETTI also provides a range of portable and home power solutions to harness the power of the sun. The AC200P and AC200MAX+B230, for example, are popular models that help homeowners and outdoor enthusiasts alike make more use of renewable energy in their daily lives. Dedicated to delivering reliable and eco-friendly power solutions for all, BLUETTI will continue to live up to the principles it stands for and strive for a brighter future.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a Sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact: Amanda Yan
email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com