Technology
SIHL’s Core Businesses Achieve Robust Growth
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2 years agoon
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Consumer Products Business Rebounds Rapidly
Infrastructure and Environmental Protection Business Accounts for the Largest Share of the Group’s Revenue and Profit
HONG KONG, Aug. 29, 2024 /PRNewswire/ — Shanghai Industrial Holdings Limited (“SIHL” or the “Company”, together with its subsidiaries collectively referred to the “Group”; HKSE stock code: 363) has announced its unaudited interim results for the six months ending on 30 June 2024. Revenue amounted to HK$10.37 billion, a decrease of 18.9% year-on-year. Profit attributable to owners of the Company amounted to HK$1.201 billion, a decrease of 12.7% year-on-year. The decrease in revenue and profit was mainly driven by a relatively large one-off gain recorded by SI Development over the same period last year. The Board of Directors has recommended an interim dividend of HK42 cents per share with the payout ratio of 38% to reciprocate our shareholders’ long-term support.
2024 Interim Results Highlights
For six months ended 30 June
(Unaudited)
2024
2023
Change
Revenue (HK$ million)
10,369
12,791
-18.9 %
Profit attributable to owners of the
Company (HK$ million)
1,201
1,376
-12.7 %
Earnings per share – Basic (HK$)
1.105
1.265
-12.6 %
Interim dividend per share (HK cents)
42
42
Payout ratio
38 %
33.2 %
As at 30 June
(Unaudited)
As at 31 December
(Audited)
2024
2023
Change
Total assets (HK$ million)
174,887
179,312
-2.5 %
Equity attributable to owners of the
Company (HK$ million)
46,280
46,603
-0.7 %
Cash and cash equivalents (HK$ million)
27,071
34,639
-2.6 %
Revenue and Profit Contributions by Business:
For the six months ended 30 June
(Unaudited)
Segment Revenue (HK$ million)
2024
2023
Change
Infrastructure and Environmental
Protection
4,571
5,550
-17.6 %
Real Estate
4,092
5,926
-31.0 %
Consumer Products
1,706
1,315
+29.7 %
Total
10,369
12,791
-18.9 %
Segment Net Profit (HK$ million)
2024
2023
Change
Infrastructure and Environmental
Protection
1,056
1,195
-11.6 %
Comprehensive Healthcare Operations
65
69
-6.4 %
Real Estate
-131
102
N/A
Consumer Products
320
128
+150.4 %
Total
1,311
1,494
-12.2 %
In the first half of 2024, the Group adhered to reform and innovation; accelerated the upgrading and restructuring of its main businesses; promoted the integration of financing and industries and revitalization of assets to further optimize its business layout; and strengthened its internal management in order to steadily promote the healthy development of its business.
For the six months ended 30 June 2024, the Group recorded unaudited revenue of HK$10.369 billion, representing a decrease of 18.9% compared to the same period last year. Profit attributable to owners of the Company was HK$1.201billion, representing a decrease of 12.7% year-on-year. The decline in revenue and profit was primarily due to a significant decrease in sales recognized from completed property projects and a decrease in construction revenue at SIIC Environment. That said, new project construction is expected to gradually commence in the second half of the year. The decline was also partially offset by a significant rebound in the consumer products business.
Over the period, profits from the infrastructure and environmental protection segment decreased by 11.6% year-on-year to HK$1.056 billion, accounting for around 80.6% of the Group’s net profit. This decline was primarily due to a 20.4% drop in profit contributions from the water services and clean energy business. The Group continued to leverage national strategies and policy opportunities; boosted its expansion in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”) and the Yangtze River Economic Belt; and strengthened its leading position in China’s water services and environmental protection industries.
During the first half of 2024, the comprehensive healthcare operations business contributed a profit of HK$64.77 million, representing a decrease of 6.4% over the previous year and accounting for approximately 5.0% of the Group’s net profit.
The real estate business reported a loss of HK$131 million, marking a shift from profit to loss compared to the same period last year and accounting for a negative 10% of the Group’s net profit. The loss was mainly driven by a decrease in property sales from completed property and a high base from a significant one-time gain last year from the sale of the land parcel No.89, North Bund by SI Development.
The consumer products business made a profit contribution of HK$320 million to the Group, representing a significant increase of 150.4% over the previous year and accounting for 24.4% of the Group’s net profits. Nanyang Tobacco and Wing Fat Printing both saw significant rebounds in revenue and profit in the past half a year, reversing the downturn experienced during the pandemic. Notably, Wing Fat Printing experienced a strong performance rebound driven by the recovery in tobacco packaging and a significant rise in the moulded-fibre business.
Business review:
Infrastructure and Environmental Protection
For the Group’s three toll roads and Hangzhou Bay Bridge, overall traffic volume grew steadily during the period, mainly due to the increase in travel during festival and holidays after the pandemic. During the first half of the year, traffic volume increased by 1.9% year-on-year to 85.96 million and toll revenue amounted to HK$2.1 billion, decreased by 2.2% year-on-year. Profit to the Group amounted to HK$651 million, contributing stable cash flow.SIIC Environment (BHK SGX, 807 HKSE) reported revenue of RMB3.324 billion, a 17.3% year-on-year decrease, with profit attributable to shareholders at RMB321 million, down 14.8% year-on-year. The decline was mainly due to a significant reduction in construction revenue after the completion of the Baoshan project in 2023, resulting in a corresponding drop in profit. However, the gross profit margin increased by 2.6 percentage points to 38.4%, and major new projects are expected to begin construction in the second half of 2024.SIIC Environment’s operational business experienced stable growth in the first half of the year. Wastewater treatment volume increased by 3.1% year-on-year to approximately 1.278 billion tons, while water supply volume grew by 4.7% to 163 million tons. The average wastewater treatment fee also rose by 4.4% year-on-year to RMB1.88 per ton.During the period, General Water of China recorded revenue of HK$956 million, a year-on-year decrease of 10.3%. Net profit was HK$130 million, down 26.5% from the same period last year. General Water of China was also recognized as one of the “Top 10 Most Influential Water Companies in China” for the 21st consecutive year and ranked among the top three for the sixth consecutive year.SIHL has a 19.48% equity stake in Canvest Environmental Protection Group Company Limited (“Canvest”), which recorded a revenue of HK$2.13 billion in the first half of the year. Canvest currently operates 36 projects, covering 12 provinces and 26 cities. The combined daily processing capacity of these projects reached 54,540 tons, with the operational capacity amounting to 43,690 tons per day. During the period, the volume of harmlessly treated solid waste was 8.699 million tons, and electricity generation reached 3.225 billion kWh, representing a year-on-year increase of 7.6% and 4.7% respectively.Shanghai SUS Environment Co., Ltd (“SUS Environment”) – which is 28.34% owned by the Group’s 50% stake joint-venture – had a total daily capacity of 45,625 tons of waste incineration operations during the period. It achieved an on-grid electricity generation of 3.139 billion kWh, representing a year-on-year increase of 3.3%. During the year, three new waste-to-energy projects were acquired and 13 waste-to-energy projects were being developed, with a total amount of RMB74 million in newly signed contracts.With respect to the new business arena, the photovoltaic assets capacity of Shanghai Galaxy Investment Co., Ltd. and its subsidiary, SIIC Aerospace Galaxy Energy (Shanghai) Co., Ltd., reached 740 MW as of 30 June 2024. The total amount of on-grid electricity sold during the period from the 15 photovoltaic power stations was approximately 519 million kWh, representing a year-on-year decrease of 6.76%. This was primarily driven by a surge in solar and wind power installations across various provinces, leading to a significantly higher-than-expected level of power rationing.
Comprehensive Healthcare Operations
Comprehensive Healthcare Operations achieved a profit of HK$64.77 million for the first half of the year, representing a decrease of 6.4% year-on-year and accounting for 5.0% of the Group’s net profit. The Group’s 20%-owned Shanghai Pharmaceuticals Group recorded revenue of RMB139.658 billion, representing a year-on-year increase of 5.17%. Net profit amounted to RMB598 million, representing an increase of 6.3% over the previous year. Although the Group’s share of profit from Shanghai Pharmaceuticals Group increased, the depreciation of the RMB was less significant compared to the same period last year, resulting in a decrease in exchange gains from RMB loans invested in Shanghai Pharmaceuticals Group.
Real Estate
SI Development (600748 SSE) recorded revenue of RMB1.029 billion, representing a decrease of 70.2% year-on-year, which was primarily attributed to a significant decline in revenue recognized from completed projects and a high base due to a substantial one-off gain recorded in the same period last year. The net loss amounted to RMB177 million, turning from a profit to a loss. In the first half of the year, the contract sales of real estate projects reached RMB240 million.While the real estate industry witnessed a downward environment in the first half of the year, SI Development has made steady progress in the construction of key projects. At the same time, SI Development implemented rectification measures for major risk issues, comprehensively reviewed the existing corporate governance structure, and focused on core commercial and office projects, with 317 projects currently under management. Rental income for the period was approximately HK$234million.SI Urban Development (563 HKSE) recorded a revenue of HK$2.981 billion, a year-on-year increase of 65.8%, and a loss attribute to shareholders of HK$232 million, primarily due to the devaluation of investment properties. During the period, the contract sales amounted to RMB2.284 billion with projects mainly including Originally in Xi’an, Summitopia in Tianjin , with nine projects under construction. Rental income for the half-year amounted to approximately HK$381 million.
Consumer Products
In the first half of the year, Nanyang Tobacco recorded a revenue of HK$1.093 billion, a year-on-year increase of 68.7%. Net profit reached HK$281 million, a year-on-year increase of 173.5%. Sales volume was 569,000 cases, a year-on-year increase of 185.1%. Nanyang Tobacco has been steadily advancing projects such as the upgrade of the QR code application platform and the premium can production line, while striving to expand both domestic and international markets.Hong Kong has significantly increased tobacco taxes for two consecutive years, and smoking control measures are becoming increasingly stringent. In response, Nanyang Tobacco has closely collaborated with duty-free companies to gradually adjust its marketing strategy, focusing on mid- to high-end products while phasing out low-end products. This approach resulted in a satisfactory increase in sales during the period. Facing stricter compliance requirements in the domestic specialist market, Nanyang Tobacco has continuously introduced new products, expanding the number of product specifications to nine. In the second half of the year, new products are planned to be launched in Shanghai, Hubei, and Shenzhen.Since the commencement of production last year, Nanyang Tobacco’s Malaysia plant has completed its annual order fulfillment by this year, marking a solid step forward in its internationalization efforts. Meanwhile, under the strategic cooperation framework with large cigarette companies, Nanyang Tobacco has successfully advanced projects such as the implementation of tobacco primary processing. They are set to embark on a new round of deep collaboration, continually injecting vitality into the full industry chain cooperation model, including overseas tobacco leaf procurement, process technology, and market collaboration.During the period, Wing Fat Printing recorded a revenue of HK$751 million, a year-on-year increase of 3.7%, mainly driven by the tobacco and alcohol packaging and molding businesses. Net profit for the period reached HK$47.66 million, a sharp increase of 63.8% year-on-year, primarily due to structural optimization of revenue and comprehensive contributions from cost reduction and efficiency improvements. Throughout the period, Wing Fat Printing fully optimized its delivery capabilities and service levels for core customer groups, ensuring the healthy development of its revenue structure.
SIHL Chairlady Leng Wei Qing stated, “At present, the business development of enterprises is still in the complicated environment of sailing against the current and either making no progress or retreating. In the second half of the year, the Group will continue to prioritize stability while enhancing market expansion capabilities and focusing on value creation, to achieve sustainable green development and healthy growth . In the infrastructure and environmental protection sectors, SIIC Environment will continue to optimize its business layout, expand market share, and solidify its leading position in China’s water services and environmental protection industries. We will actively respond to national policies, keeping pace with the times and unwaveringly pursuing green development. The toll road business will continue to improve operational efficiency and maintain stable development. The Group’s investments in the health and new business arena, particularly in the pharmaceutical, healthcare, and green energy sectors will contribute further to the growth. In real estate, we will closely monitor changes in industry policies and strategically position ourselves in key areas, such as the Yangtze River Delta Economic Zone centered on Shanghai, to continue advancing existing projects. Nanyang Tobacco will accelerate the cultivation of the existing innovative tobacco market and the launch of new products, while also focusing on the Malaysia project to enhance our digital application capabilities. Wing Fat Printing will leverage technological innovation to advance its sustainable development in the green, healthy, and environmentally friendly packaging market. Overall, the Group will accelerate the upgrading of its core businesses and selectively increase holdings in high-quality projects to create greater value for shareholders.”
About SIHL
Shanghai Industrial Holdings Limited (“SIHL”, HKSE Stock Code: 363) is the largest overseas conglomerate under Shanghai Industrial Investments (Holdings) Co., Ltd (“SIIC”). As the flagship of the SIIC group of companies, SIHL has been successful in leveraging its Shanghai advantage since listing, in terms of securing the best investment opportunities in mainland China with full support from the parent company. With over 20 years’ development, SIHL has become a conglomerate company with four core businesses: infrastructure and environmental protection (including toll roads/bridges, sewage treatment and solid waste treatment, etc.), comprehensive healthcare operations, real estate and consumer products (including Nanyang Tobacco and Wing Fat Printing). SIIC will continue to enhance its corporate governance and strive to create greater value for its shareholders.
For more information about SIHL, please visit the company website at www.sihl.com.hk.
View original content:https://www.prnewswire.com/apac/news-releases/sihls-core-businesses-achieve-robust-growth-302234010.html
SOURCE Shanghai Industrial Holdings Limited
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JinkoSolar Announces Results of 2026 Annual General Meeting
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SHANGRAO, China, Oct. 21, 2026 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), today announced that all shareholders resolutions proposed at the Company’s 2026 annual general meeting held today were duly passed.
Specifically, the Company’s shareholders passed the following ordinary resolutions approving:
1. The re-election of Mr. Gang Chu as an independent director of the Company;
2. The re-election of Mr. Steven Markscheid as an independent director of the Company;
3. The ratification of the appointment of PricewaterhouseCoopers Zhong Tian LLP as auditors of the Company for the fiscal year of 2026;
4. The authorization of the directors of the Company to determine the remuneration of the auditors of the Company; and
5. The authorization of each of the directors of the Company to take any and all action that might be necessary to effect the foregoing resolutions 1 to 4 and resolutions 6 to 7 set out below as such director, in his or her absolute discretion, thinks fit.
The Company’s shareholders also passed the following special resolutions approving:
6. The change of the English name of the Company from “JinkoSolar Holding Co., Ltd.” to “Jinko Holdings Limited”; and
7. The adoption of “晶科控股有限公司” as the dual foreign name of the Company.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a holding company combining clean energy industrial operations and strategic investment in emerging technologies. Its industrial foundation is a controlling interest in Jinko Solar Co., Ltd. (SSE: 688223), a global leader in clean energy technology. The Company makes disciplined strategic investments in renewable energy, advanced materials, artificial intelligence, commercial space and other frontier technologies, drawing on its industrial experience and its ability to identify emerging technologies and bring them to commercial scale.
Through Jinko Solar Co., Ltd., the Company distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.
JinkoSolar has over 10 production facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, and other countries, and a global sales network with sales teams in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of June 30, 2026.
For investor and media inquiries, please contact:
In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com
Mr. Christian Arnell
Christensen
Tel: +852 2117 0861
Email: christian.arnell@christensencomms.com
In the U.S.:
Email: jinko@christensencomms.com
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Price still dominates car buying in US and Europe, while China puts technology first–Bain & Company survey
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Dealers stay important: More than 80% of car buyers globally now combine online and offline channels, yet nine in 10 still complete their purchase at dealersAI is reshaping car-buying journey in all markets – more than 60% of younger buyers use AI when deciding on their next carConsumers who have test-driven a battery electric vehicle are up to 2.2 times as willing to consider buying oneCustomer loyalty is decreasing – more than a third of customers in Western markets are open to new brands entering the market Autonomous-driving technology could challenge traditional brand loyalty, with consumers willing to switch brands for better functionality
BOSTON and MUNICH, Oct. 21, 2026 /PRNewswire/ — New technologies, including AI, are changing how consumers research and choose cars around the globe. Brand loyalty is decreasing and price continues to play a powerful role in purchasing decisions in the US and Europe, but less so for Chinese buyers, as new research released today by Bain & Company finds.
Bain’s new Global Automotive Consumer Survey, based on responses from more than 12,000 car buyers worldwide*, finds price remains the top consideration when buying a car in the US and Europe, cited by 68% and 62% of consumers respectively, while technology and features (58%) rank ahead of price in China. Loyalty to established automakers also varies considerably: US buyers remain the most committed, while newer Chinese brands are entering consideration in Europe.
The findings come as legacy automakers face weak industry growth and continued pressure on profitability, alongside rapid advances in electrification, artificial intelligence and autonomous driving.
“The car-buying journey is changing quickly, but what stands out is how differently consumers across the globe are responding to that change,” said Klaus Stricker, leader of Bain’s Global Automotive & Mobility practice. “Technology can be a powerful differentiator for some buyers, while for others, price and brand remain decisive. We find that car buyers are increasingly using AI to compare brands, models and options.”
Digital car buying accelerates, but dealerships remain critical
The way consumers choose cars has become increasingly digital. Bain finds that more than 80% of respondents globally now combine online and offline interactions during the purchase journey, while more than six in 10 start the buying process online. China is further ahead, with 95% using both online and physical channels and more than eight in 10 willing to consider completing their purchase online.
But greater use of digital channels has not diminished the importance of the physical dealership. Nine in 10 consumers globally still complete their purchase offline, and more than half of buyers in Europe, the US and China have at least two interactions with dealers along the way.
Artificial intelligence is also reshaping how consumers research and compare cars. AI is already widely used by car buyers across several Asian markets and UAE, reaching more than 90% in Indonesia and close to 80% across age groups in China. In Japan, Europe and the US, adoption is more concentrated among younger buyers, with 52%, 61% and 55% respectively using AI, more than twice the share of older consumers.
Younger consumers drive BEV interest, but barriers to wider adoption remain
Consumer interest in battery electric vehicles (BEVs) is strong, particularly among younger buyers, the survey finds. Younger consumers (Generations Y and Z) in general are more likely to buy BEVs, but in China, willingness to buy BEVs is high across both younger and older generations.
For consumers still reluctant to buy a BEV, cost and charging remain the biggest sticking points. In the US and Europe, around six in 10 are unwilling to pay more for a BEV than for a comparable combustion-engine car, while almost half cite charging times as a concern. Bain concludes that closing the price gap and making charging more convenient will be critical to persuading more consumers to make the switch.
Bain cites an example in Germany where BEV-buying decisions shifted once price parity narrowed. In August 2026, BEV registrations jumped 75% year-on-year to reach around 32% of new car sales. New government incentives and rising fuel prices drove the change – in addition to new strong BEV models entering the market.
Getting more buyers behind the wheel provides another lever. Consumers who have already test-driven a BEV are up to 2.2 times more willing to consider purchasing one than those who have not. Yet mass-market buyers in Europe and the US are less likely to have tried a BEV, compared to premium buyers. With many potential buyers yet to try one, making test-drives easier to access could be one of the most effective ways for automakers and dealers to encourage wider BEV adoption.
Autonomous driving could challenge traditional brand loyalty
Appetite for autonomous-driving technology is substantially stronger in China and several Asian and Middle Eastern markets than in Europe and the US, Bain finds. Some 84% of Chinese consumers would consider buying a vehicle offering at least Level 3 (L3) autonomy, compared with 47% in Europe and 40% in the US. L3 allows a car to drive itself under certain conditions but requires the driver to take over when prompted. Interest is even higher in the UAE, India and Indonesia.
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“Technology is now part of the reason customers choose one manufacturer over another,” Stricker added. “That raises the stakes for automakers. Brands need to understand where customers are willing to pay for innovation, where affordability remains the overriding consideration, and where better technology could be enough to persuade a customer to switch. That requires a much more precise understanding of what different customers value.”
*Markets included in the survey: Canada, US, UK, Germany, France, Italy, UAE, China, India, Indonesia, and Japan.
Media contacts:
Ann Lee (Singapore) — ann.lee@bain.com
Gary Duncan (London) — gary.duncan@bain.com
Dan Pinkney (Boston) — dan.pinkney@bain.com
About Bain & Company
Bain & Company works with leaders worldwide to solve their toughest challenges and deliver enduring results. Since 1973, we’ve partnered with clients, including private equity and portfolio companies, to build the capabilities they need to stay ahead of change and help them redefine their industries. We measure our success by our clients’ success, and we proudly hold the highest levels of client advocacy in our field.
Bain is consistently recognized globally as one of the best places to work. We operate as one global team, uniting strategists, industry and functional experts, technologists, and advisors with a vibrant ecosystem of technology partners.
Notes to Editors
Bain & Company was founded in 1973 and today has 19,000 employees across 67 cities in 40 countries. We have worked with more than two-thirds of the Global 500 and more than 9,000 companies worldwide. Bain has pledged to deliver $2 billion in pro bono consulting to nonprofit, public sector, and charitable organizations by 2035. The firm is consistently recognized as a Leader in major analyst rankings across multiple areas, including digital business, innovation, strategy, experience design, customer experience, and carbon-zero transformation.
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TORONTO, Oct. 21, 2026 /CNW/ — HiTHIUM, an integrated full-scenario energy storage solutions provider, has announced its entry into the Canadian market. Ranked in the top two globally for energy storage component, the manufacturer has surpassed 200 GWh in cumulative delivered capacity, focusing exclusively on stationary energy storage technologies.
Canada’s energy storage expansion requires reliable large-scale suppliers and local presence
Mizhi Zhang, HiTHIUM President of Global Business, commented: “We are committed to delivering Canadian customers advanced, robust solutions, from 8-hour long duration energy storage to extreme-weather-ready sodium-ion BESS. But this also means being present for customers wherever they are, able to serve them quickly and locally. While Toronto serves as the main hub for our Canadian operations, we have subsidiary offices in British Columbia and Alberta, as well as operating sites in Quebec, Yellowknife, and Fort Smith.”
HiTHIUM has introduced 4-hour and 8-hour BESS solutions to serve the market’s rapid buildout of utility-scale energy storage. With installed Canadian storage expected to double between 2025 and 2027, and the country’s total wind, solar, and energy storage capacity on track to reach 50 GW by 2035, HiTHIUM is positioned to fill the growing demand for BESS on a large scale. The company has also revealed a new 4 MWh sodium-ion storage solution, which is designed for an extra-long service life, supports storage durations from 2 to 8 hours, and is perfect for extremely cold climates, like Northern Canada.
“Canada’s ambitious clean energy targets, as well as its high safety and regulatory standards, require partners who can deliver advanced technology that’s also tested and compliance-ready. At the same time, project developers have to consider the tough climate. As a vertically integrated, global solutions provider, HiTHIUM is structured to meet exactly this nexus of challenges. Our strategy of advancing both lithium-ion and sodium-ion storage is designed to offer customers in markets like Canada the benefits of flexibility, since we see these technologies as highly complementary,” continued Zhang.
“Our partners, whether major energy developers, public utilities, or industrial enterprises, rely on our readiness for local certification and our long-term bankability to support them, from permitting through project commissioning,” added Jordan Hebbert, HiTHIUM Senior Manager of Canada. “Likewise, they depend on the proven durability of HiTHIUM technology–including performance even in extreme weather conditions. In fact, long-term operational data from North American and European projects has recently demonstrated systems outperforming even our guarantees. And we offer customers a wider range of durations and choice of chemistries because we understand that they’re coming to us with a very diverse range of energy storage needs.”
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The manufacturer’s 4-hour BESS solution consists of its “∞Power” 6.25 MWh container, built on HiTHIUM’s own 1175 Ah cell. Most Canadian projects are currently designed around the 4-hour unit. This enables them to shift wind, solar, and baseload output to later peak times, strengthen grid reliability, and drive the consumption of more renewables, particularly as electrification increases demand. The ∞Power system design fits more capacity into the typical 20-foot container but also reduces a project’s overall footprint, because the containers can be placed back-to-back and side-to-side.
In a groundbreaking step for long duration energy storage, HiTHIUM also developed the first ever native 8-hour solution based on lithium-ion technology. Its 6.9 MWh 8-hour BESS, built with HiTHIUM’s own 1300 Ah cells, fewer components overall, and a 25-year lifespan, is designed to address issues like curtailments and to fill key gaps for zero-downtime industrial segments like AI data centers. For wind project developers and data center operators alike, 8-hour BESS offers risk reduction and greater revenue reliability.
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View original content:https://www.prnewswire.com/news-releases/hithium-enters-canada-with-first-8-hour-bess-and-sodium-ion-solutions-adapted-to-extreme-cold-302914919.html
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