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Sungrow Shares Perspectives on Europe’s Energy Transition at BloombergNEF London Summit

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LONDON, Oct. 23, 2026 /PRNewswire/ — As Europe experiences growing energy transition demands with deeper electrification and smarter grid integration emerging as core priorities, Sungrow, a global leading provider of PV inverters and energy storage systems (ESS), participated in the BloombergNEF (BNEF) London Summit to discuss clean-tech manufacturing, localization and energy storage’s role in a secure, affordable and resilient energy transition.

Strengthening Europe’s Energy Future Through Localization and Reliability

Shawn Shi, President of Sungrow Europe, outlined the company’s commitment to supporting Europe’s evolving energy landscape during the spotlight speech. He emphasized that the energy transition must go beyond expanding renewable capacity to building a secure, resilient and reliable power system.

Shawn highlighted localization, trust and grid reliability as key priorities. Since entering Europe in 2011, Sungrow has built a local presence with more than 900 employees, almost all locally hired. Its planned €230 million manufacturing facility in Poland, expected to begin production in 2027, will bring manufacturing closer to customers and strengthen supply-chain resilience.

Shawn also underscored the importance of cybersecurity, customer management over energy assets and data, and collaboration with European suppliers, installers and developers. As renewable penetration increases, energy storage is becoming increasingly important to grid stability and system resilience.

“Europe’s transition will not be secured by capacity alone. It needs capacity that is local enough to support, trusted enough to connect, and strong enough to keep the grid reliable.” Shawn emphasized.

Navigating Competitiveness in Europe’s Clean-Tech Industry

Javier, Vice President of Sungrow Europe, joined the panel “‘Made in Europe’ Put to the Test: What Should Europe Fight to Keep?”, alongside industry, finance and policy leaders to discuss how Europe can strengthen its clean-tech manufacturing base, preserve industrial expertise and supply chains, and balance localization policies with global supply-chain cooperation to remain competitive in the energy transition.

The discussion examined how local-content requirements and industrial policies can encourage investment while balancing manufacturing realities, project costs and deployment timelines. Participants also explored the conditions needed to build a competitive European clean-tech industry, including predictable regulation, skilled workers, efficient permitting, innovation and strong local supply chains.

Technology, Innovation and Investment

At the theme lunch hosted by Sungrow, “The Outlook for BESS in Europe: How Technology Shapes Investment and Project Development,” James Li, Vice President of Sungrow Europe joined industry leaders including Erik Stromso, CEO and Co-Founder of BW ESS; Sonia Dunlop, CEO of the Global Solar Council; and Jordi Francesch, Global Head of Clean Energy at Nuveen Infrastructure, to explore the key trends, challenges and innovations shaping Europe’s battery energy storage system (BESS) market.

The discussions covered European storage market trends, policy developments and regulatory certainty, energy storage’s role in enhancing grid flexibility and system resilience, and strategies to secure projects and attract institutional capital.

The exchange highlighted the importance of looking beyond upfront costs when evaluating energy storage investments, with lifetime performance, operational reliability and service support playing key roles in project economics and investor confidence. It also explored how advanced technologies, including grid-forming capabilities and black-start functionality, can enhance power system resilience and operational flexibility.

Through its participation in the summit and theme lunch, Sungrow reaffirmed its commitment to working with European stakeholders to advance clean-energy deployment, strengthen local capabilities and support a reliable electricity system.

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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

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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 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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