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SUNGROW and MSR-GE Ink Partnership Agreement for 100MW/400MWh Sabah Battery Energy Storage System Project

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KUALA LUMPUR, Malaysia, Sept. 26, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, has recently inked an agreement with MSR Green Energy SDN BHD (MSR-GE) to advance a 100MW/400MWh Battery Energy Storage System (BESS) project in Sabah, Malaysia.

This project is expected to play a crucial role in the region’s transition to renewable energy and sustainable development. The final installed capacity will be 517MWh to meet the client’s long-term capacity needs.

MSR-GE, the lead company in the venture, successfully secured the tender from Sabah Electricity Sdn. Bhd. (SESB) and accepted a Letter of Award dated September 11, 2024. The contract, valued at approximately RM645 million, covers the engineering, procurement, and construction of the Sabah BESS Project.

The signing ceremony was attended by Sungrow Senior Vice President Mr. James Wu and MSR-GE Director Mr. Xavier Qiang at Sungrow’s headquarters. The BESS project will utilize cutting-edge battery technology, an advanced Power Conversion System, a Medium Voltage system, and an Energy Management System, all designed to ensure efficient performance and operational stability.

As a market leader, Sungrow offers MSR-GE a complete solution that integrates its technological innovations in renewable energy, enhancing efficiency and sustainability while addressing the specific demands of the energy market.

Mr. Xavier Qiang, Director of MSR-GE, shared his excitement about the partnership: “We are truly honored to collaborate with Sungrow, one of China’s top BESS providers with a strong global track record. MSRGE has successfully implemented an off-grid Solar BESS hybrid system with Sungrow’s solution to supply 24/7 clean energy to a palm oil plantation in Sabah. We look forward to merging MSR-GE’s expertise in energy project delivery with Sungrow’s specialized BESS experience to bring the world’s most advanced and reliable grid-scale energy storage solutions to Malaysia. This will help Sabah tackle current power supply and grid stability challenges, while ensuring the grid is ready for future renewable energy plants.”

Sungrow’s Malaysian Country Manager, Mr. Cobe He, highlighted the significance of the collaboration, stating, “We will deploy a dedicated project team to fully support MSR-GE, ensuring efficient execution and smooth project progress. Our local team will provide long-term quality assurance, performance guarantees, and a comprehensive Long-Term Service Agreement (LTSA) to ensure exceptional performance and enduring value.”

This partnership strengthens the strategic relationship between Sungrow and MSR-GE in the renewable energy sector, laying a strong foundation for future cooperation.

About MSR-GE

MSR Green Energy SDN BHD (MSR-GE) is primarily engaged in the installation and servicing of solar photovoltaic (PV) systems, as well as the management, consultancy, and construction of renewable energy projects. The company is also involved in electrical works and related ancillary businesses. As a developer, MSR-GE specializes in the design and engineering, procurement, construction, and commissioning (EPCC) of solar PV systems. Vernon Ong Kah Hui, one of the promoters of MSR-GE and a founder of Malaysian Solar Resources Sdn. Bhd., has played a key role in commissioning approximately 176 megawatt-peak of solar PV facilities, including ground-mounted, net energy metering (NEM), retrofits, and building-integrated PV systems. MSR-GE is a 20% associated company of Seal Incorporated Berhad, a company listed on the Main market Bursa Securities, balance 40.8% is held by KVC Corporation Sdn Bhd and balance equity interest by Vernon Ong and Xavier Qiang.

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com. 

About The Sabah BESS Project

In November 2023, Sabah Electricity Sdn. Bhd. (SESB) conducted a tender for the Sabah Battery Energy Storage System (BESS) Project, and MSR-GE along with its consortium partners submitted their bid in December 2023. SESB has since received a Letter of Notification from the Energy Commission of Sabah for the 100MW BESS with a 400MWh capacity, located in Lahad Datu on the eastern coast of Sabah.

This project, which boasts a maximum energy storage capacity of 400MWh, will be one of the largest BESS system in Southeast Asia. Scheduled to commence in September 2024, it is expected to be completed by June 30, 2025. The BESS project is part of SESB’s ongoing efforts to strengthen the Sabah Grid’s infrastructure and boost its generation capacity. The BESS will increase the grid’s reserve margin during peak demand periods and provide crucial support for large-scale solar energy expansion in the region. Additionally, the project will enhance grid stability, promote environmental sustainability, and create more opportunities for the development of renewable energy capacity in Sabah.

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SOURCE Sungrow

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Club Offers for Travel Enthusiasts in Canada

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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