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BloombergNEF Awards Sungrow as the Most Bankable Company for Energy Storage System and PCS

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HEFEI, China, Dec. 19, 2024 /PRNewswire/ — BloombergNEF (BNEF) has recognized Sungrow as the world’s most bankable company in both the energy storage system and Power Conversion System (PCS) sectors, in its just-released Energy Storage System Cost Survey 2024. “This honor hinges on Sungrow’s optimal products and services, cutting-edge technologies, robust financial health, reliable supply chain, and extensive global practices,” said James Wu, Senior Vice President of Sungrow.

BloombergNEF is recognized by numerous international financial institutions as among the most credible third-party renewable energy research hubs. Sungrow’s No.1 bankability ranking represents that projects using the Sungrow energy storage system or PCS are more likely to obtain financing from banks than other competitors, ensuring favorable and sustainable benefits for stakeholders. This year, over 80% of the bankability survey participants are headquartered in the US or Europe, this highlights that Sungrow’s ranking demonstrates robust trust from stakeholders in the global financial market and energy storage field.

As a dedicated and trustworthy trailblazer with an 18-year track record in the energy storage industry, Sungrow holds the top position in global cumulative energy storage system installations. The track record is further solidified by its involvement in landmark projects, such as a 7.8 GWh energy storage project in Saudi Arabia, one of the largest of its kind in the world. Additionally, Sungrow has demonstrated its commitment to safety through two large-scale burn tests of its PowerTitan series of utility-scale battery energy storage systems, which have set new industry safety standards. With a continued focus on innovation, Sungrow provides comprehensive grid-forming energy storage solutions, maximizing investors’ return on investment and ensuring a more sustainable energy system.

“We are proud to be the preferred brand for customers, partners, and financial organizations,” said Wu. “With our professional team in 20 local branches spanning six continents, we are dedicated to empowering our customers and partners with reliable, sustainable energy products and services that drive global progress toward a greener future.”

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 world’s most bankable 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.

CONTACT: Mina Zhang, mina.zhang@cn.sungrowpower.com

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Registration Opens for the 2026 Eye Level Math Olympiad

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SEOUL, South Korea, Oct. 1, 2026 /PRNewswire/ — Eye Level has opened registration for the 2026 Eye Level Math Olympiad (ELMO 2026), inviting elementary and middle school students from around the world to take part in the annual global math competition.

This year, ELMO extends its reach to South America for the first time, with Ecuador joining the competition. ELMO 2026 will be held across participating countries and regions including Australia, Canada, Hong Kong, Macau, India, Indonesia, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Taiwan, Thailand, the United Kingdom, the United States, Uzbekistan, Vietnam, and Ecuador, with schedules varying by country and region.

Established in 2004, the Eye Level Math Olympiad is an international math competition designed to challenge students’ mathematical thinking and problem-solving skills. Reflecting the spirit of “One Test. A Thousand Possibilities,” ELMO encourages students to discover their potential and grow through the experience.

The ELMO assessment is organized by grade level and evaluates a range of mathematical abilities, including mathematical knowledge and arithmetic skills, the ability to understand and formulate word problems, and problem-solving proficiency. Through the competition, students can gain a clearer understanding of their current mathematical abilities, recognize their strengths, and identify areas that can help guide their next steps in learning.

Official results will be announced in January 2027 on globalelmo.com. Participants will also receive an individual result report with a detailed analysis of their performance.

Registration and detailed information, including local schedules, are available at globalelmo.com.

About Eye Level

Eye Level is a global education brand offering Math and English programs to students around the world. Its learning approach focuses on helping students learn at their own level while building independent learning habits and problem-solving skills.

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SOURCE Eye Level

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Midea Showcases Breakthrough Cooling Technologies for High-Density AI Data Centers at Data Center World Asia 2026

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SINGAPORE, Oct. 2, 2026 /PRNewswire/ — The Asia Data Centre World 2026 was held at Marina Bay Sands, Singapore from September 29 to 30. During the exhibition, Midea Building Technologies (MBT) showcased its next-gen power-cooling hyperconvergence architecture and full stack AI Data Center (AIDC) cooling solutions for the Asia-Pacific region, covering key application scenarios such as high-density computing, liquid cooling, tropical climate and low-carbon operation. The exhibition hall was crowded with visitors, and discussions around AI infrastructure upgrading, Data center energy efficiency optimization and the development of liquid cooling technology continued to heat up, attracting numerous industry customers, partners and technical experts to stop and exchange views.

Power-Cooling Hyperconverged Architecture, The Industry-First Breakthrough

At the event, MBT presented the industry’s first power-cooling hyperconverged architecture. Integrating power systems, energy storage, magnetic bearing cooling sources, and liquid cooling CDUs into a unified infrastructure stack, it connects “power supply—energy storage—cooling—liquid cooling distribution” from the early stage of data center construction.

During the event, MBT also released a related technical white paper, further elaborating on the architecture’s technology pathway across AI data center planning, construction, and operation. More than a summary of Midea’s technical solutions, the white paper reflects a deep understanding of the global development trends in data center infrastructure, providing a quantifiable and replicable technical reference for addressing the key challenge of integrating electrical and thermal systems.

As rack power density rises, this system-level approach improves the matching between power supply and cooling. Coordinated operation of magnetic bearing cooling sources, free cooling, and liquid cooling terminals also reduces reliance on mechanical cooling, supporting improved PUE performance and low-carbon operation.

Full-Stack Cooling, The Revolutionary Innovation

Addressing the full-chain heat dissipation requirements of AI data centers from cooling source to terminal, this full-stack cooling solution connects the cooling source, cooling distribution, and terminal heat dissipation links, enabling efficient temperature control under complex climate conditions and resource constraints. Built on this system, three flagship products are serving as the key pillars for solution deployment.

Magnetic CDU: Integrating a magnetic bearing cooling source with a distribution unit, it replaces the separated “chiller + passive CDU” model. It reduces equipment footprint by up to 70%, shortens deployment cycles, and supports a PUE below 1.2 under suitable operating conditions.

Air-Cooled Magnetic Centrifugal Chiller: Designed for hot, water-scarce environments, it reduces cooling water dependence and delivers a COP of up to 5.4, providing an efficient and flexible cooling source for data centers.

Industrial-Grade CDU: With 2.6 MW cooling capacity at a 3K temperature difference and high-availability support, it ensures stable liquid cooling distribution for large-scale AI clusters and high-density racks.

MBT × Keppel: Building the Future of Green Data Centers

At DCW Asia, MBT highlighted its strategic collaboration with Keppel on green data center infrastructure from design to delivery and operation. The Gui’an Midea Cloud Data Center in China showcases this partnership, combining MBT’s hardware with Keppel’s digital platform to deliver up to 7,654 hours of annual free cooling and a stable PUE below 1.2. It offers a replicable model for green data center development across APAC’s fast-growing AI infrastructure markets.

From full-stack AIDC cooling solutions to power-cooling hyperconvergence architecture, and from magnetic innovation to collaboration with Keppel, MBT is reinforcing its commitment to the Asia Pacific market. Backed by the world’s first fully AI-powered chiller Lighthouse Factory, 193 local service sites across 29 countries, and spare parts centers in 34 countries, MBT is ready to provide responsive support and empower the next generation of efficient, resilient data centers across Asia Pacific.

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RedHammer to Help Shape Intuit Enterprise Suite for Construction

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RedHammer Partner Scott Franchini joins Intuit’s Lighthouse Construction Customer Advisory Board to improve IES for contractors.

PHOENIX, Oct. 1, 2026 /PRNewswire/ — RedHammer today announced that Partner Scott Franchini has joined the newly formed Intuit Lighthouse Construction Customer Advisory Board (CAB), giving the construction industry a direct voice in improving Intuit Enterprise Suite (IES) as Intuit expands AI across its mid-market platform.

Giving the construction industry a direct voice in improving Intuit Enterprise Suite (IES)

The CAB gives construction leaders a direct channel to Intuit product teams and builds on RedHammer’s participation in the Intuit Lighthouse community, a selective customer success group of Intuit customers and partner firms. Franchini will contribute insight drawn from RedHammer’s work inside the accounting and operations systems contractors use as they grow.

“We support more than 150 construction clients across 25 states, and we work across the financial, project management and field platforms those companies rely on. That lets us bring Intuit a perspective that goes beyond any one product and reflects what contractors need at every stage of growth, from smaller businesses to middle-market and larger firms,” said Scott Franchini, Partner at RedHammer.

The appointment comes as Intuit makes AI a core part of IES and expands the platform for construction. On February 11, 2026, Intuit launched Intuit Enterprise Suite Construction Edition, which the company describes as an AI-native, end-to-end enterprise resource planning platform built for mid-market construction businesses. The platform brings financial, project and operational workflows together and uses AI to automate work and deliver business insights.

For contractors, the question is not simply whether AI is included. It is whether IES can use reliable data from across the business without becoming another disconnected layer. RedHammer will use the CAB to address how IES supports construction workflows and connects with the third-party platforms contractors already rely on.

Franchini addressed the software gap facing growing construction companies on a mid-market panel at Intuit Connect 2025, and he returns to Intuit Connect 2026 in Las Vegas, October 26 to 28, with a breakout session titled “The Construction Software Gap: Why IES Is the Mid-Market Answer.”

“IES is beginning to close the middle-market construction gap by combining the usability companies already value in QuickBooks with stronger construction functionality, reporting, KPIs and AI. Just as important, Intuit is listening not only to customers, but to firms like RedHammer that bring a more holistic perspective across the full software environment,” Franchini said.

Contractors evaluating Intuit Enterprise Suite or the broader software stack behind their accounting and operations can contact RedHammer at redhammer.com.

About RedHammer

RedHammer is an outsourced accounting company and software solutions advisory firm built exclusively for construction. The company builds and operates accounting departments for contractors and helps clients select, implement and improve the software used across their businesses. RedHammer serves more than 150 construction clients in 25 states. Learn more at redhammer.com.

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SOURCE RedHammer

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