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Lithuanian company AUGA Group launched the first batch of a new hybrid tractor

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VILNIUS, Lithuania, Feb. 16, 2023 /PRNewswire/ — The Agtech company and organic food producer AUGA group today officially launched its hybrid tractor, AUGA M1, for professional use from the first batch of production. Developed and assembled in Lithuania, the tractor is powered by biomethane and electric drives and is able to operate continuously for up to 12 hours. Compared to diesel-powered analogues, one such tractor reduces carbon dioxide emissions by up to 100 tonnes a year, AUGA group data shows. 

To view the Multimedia News Release, please click: 
https://www.multivu.com/players/uk/9142151-auga-launched-hybrid-tractors/ 

 “Agriculture is responsible for 20% of global emissions, and there have been no real solutions for reducing pollution in this sector. AUGA group took the initiative several years ago to develop technologies that could enable a breakthrough in this area and let to farmers work more sustainably and to consumers choose food with no cost to nature. A year ago, we introduced a prototype of a hybrid tractor and undertook a series of technology tests which allowed us to improve that conceptual model. Today, a year later, we have the result that we promised everyone − the new version of the AUGA M1. The tractors from this first production batch will start their work on farms already in 2023,” says Kęstutis Juščius, the CEO of AUGA group. 

According to the CEO, AUGA group received proposals to manufacture the first batch of tractors not only from Lithuania, but also from foreign manufacturers. But AUGA group was keen to ensure that these technologies developed in Lithuania would be assembled in the country as well. So for this first batch AUGA group chose the Rokiškis Machine Factory, which has many years of experience in the production of agricultural machinery. 

 Differences between the factory tractor and the conceptual model 

During tests, AUGA group engineers found ways to reduce energy losses and boost the overall efficiency of the electric drive. They also managed to lighten the tractor’s construction, resulting in lower energy consumption and less pressure on the soil during operation. 

The first production batch consists of three tractors. Each includes different components. Serial production will use a combination of the technological solutions that showed the best results over this year’s production tests. The factory version of the AUGA M1 hybrid tractor incorporates components from world-renowned manufacturers, such as a Ford internal combustion engine and a CLAAS cab. 

 AUGA group also updated the design of the AUGA M1 tractors. According to Kęstutis Juščius, this version of tractor’s design will be the basis for further production. 

“In creating the prototype, we focused on developing the technology without paying much attention to the design. Now we are presenting the appearance of the future serial production model. The colour of the new tractor is anthracite brown. Anthracite is the world’s oldest coal, while brown is the colour of naturally fertile earth. With the help of all the technologies we develop, we will be storing carbon in the soil in order to reduce the amount in the atmosphere. And as we work sustainably, the land will become more fertile,” the CEO of AUGA group says. 

Unique solutions

Developed by Lithuanian engineers, the AUGA M1 hybrid tractor is unique for its solutions to problems that the world’s largest agricultural machinery manufacturers have not managed to solve – achieving long hours of operation and convenient refuelling. 

 “To date, the gas-powered tractors that have been developed around the world have only been able to work up to 4 hours at a time in the field, as the gas cylinders did not physically fit into the tractor’s structure. The design by our engineers allows the tractor to accommodate larger biomethane gas cylinders. The second obstacle to the spread of biomethane-powered tractors is the underdeveloped biomethane refuelling station infrastructure. We’ve solved this problem by offering a quick and convenient gas cartridge replacement, which is filled at the biomethane plant, not on the tractor, and delivered to each farm. This will eliminate the need for biomethane refuelling stations on farms” says Kęstutis Juščius. 

The AUGA M1 tractor uses a hybrid biomethane-electric fuel system. During the operation of the tractor, an internal combustion engine powered by biomethane generates energy and transmits it directly to electric motors that rotate the wheels. 

Under normal conditions which do not require high power, the tractor accumulates the generated energy reserve in its batteries. The system does not waste energy under low-load conditions, uses a relatively small but efficient engine, and is capable of producing enormous power when needed. 

Plans for the future 

According to the AUGA group’s CEO, the aim is for the new tractors to be used not just by Lithuanian farmers but also by farmers around the world. Moreover, it is aimed that the operating costs of the AUGA M1 tractor will be the same as those of diesel-powered tractors. 

The total investment to date to develop the conceptual model of the AUGA M1 tractor and to produce the first batch is more than €3 million. Since the launch of the prototype, the company has doubled the size of its engineering team and plans to hire even more engineering personnel. 

After the technological tests in the fields, AUGA group will aim to start mass production as soon as possible this year. 

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SOURCE AUGA Group

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JA Solar Summit Highlights Shift Toward Solar-Storage Integration as Global Demand Holds Firm

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BEIJING, April 20, 2026 /PRNewswire/ — The 5th Global Solar and Energy Storage Summit 2026, hosted online by JA Solar, brought together over 20+ senior representatives from leading international organizations and industry players to share insights on the accelerating energy transition. The summit featured keynote speeches and panel discussions with influential voices from the IRENA, S&P Global, BloombergNEF, SolarPower Europe, TÜV NORD, as well as prominent utilities, developers, investors, and technology companies worldwide. With a global audience exceeding 20,000 participants from 30+ countries, the event highlighted the growing integration of solar and energy storage as central to a cleaner, smarter, and more resilient energy future.

Record-Breaking Renewable Deployment in 2025

IRENA’s Ilina Stefanova opened the summit by underscoring the scale and urgency of the global energy transition. “2025 marked a record year for renewable energy, with 692 GW of new capacity deployed globally, and solar contributing 75% of the total,” she said. However, she emphasized the need for stronger policy and investment frameworks to sustain this momentum and meet 2030 climate targets.

S&P Global’s Holly Hu followed with the latest market outlook, noting that global solar installations reached 617 GW in 2025, driven by robust activity in China, Europe, and North America. While she acknowledged potential growth moderation in 2026, Hu emphasized an industry shift from scale-dominated competition to smarter, more value-driven strategies.

Solar + Storage + X: The Future of Energy Solutions

Dr. Zi Ouyang, President of Product and Solution R&D Centre and CTO of JA Solar, delivered a keynote on how integrated solutions are shaping the next phase of clean energy deployment. He introduced “Solar + Storage + X” as the industry’s path forward, where combined technologies create new opportunities across utility-scale, commercial, and residential markets.

“The future of energy lies in integration,” said Dr. Ouyang. “Standalone solar PV systems are no longer sufficient to meet today’s increasingly complex demands. By integrating storage and advanced solutions, we can unlock significant value and provide the flexibility necessary for tomorrow’s global energy systems.” He also highlighted JA Solar’s expertise in enabling scenario-specific solutions, including AI-powered data centers, industrial parks, and remote microgrids.

Driving Value Creation Across Global Markets

Two panel discussions explored the changing dynamics of solar and storage integration.

The first, “Global Perspectives: New Value Drivers and Growth Opportunities,” discussed the industry’s pivot toward value-based development. Panelists emphasized how system efficiency, long-term performance, and financial optimization are replacing cost as priorities, with integrated solutions emerging as critical to capturing project value and market flexibility.

The second panel, “Energy Transformation Across Every Scenario: From Deserts to Cities,” explored the application of solar and storage in emerging sectors such as AI Data Centers (AIDC), mining, modern agriculture, and transportation infrastructure. Panelists highlighted innovations addressing diverse energy demands while tackling challenges like system resilience in extreme environments, from remote deserts to urban microgrids.

JA Solar’s Global Leadership in Integrated Energy Growth

The summit reflected the industry’s transition into a transformative phase defined by integration, intelligence, and scenario diversity. As the event organizer and a leading global innovator in solar technology, JA Solar reaffirmed its commitment to accelerating the adoption of high-performance, sustainable energy solutions.

“At JA Solar, we believe collaboration and innovation are fundamental to building a sustainable energy future,” said Dr. Zi Ouyang. “Through advanced technologies and strong partnerships, we aim to deliver scalable, resilient solutions that meet the evolving needs of customers worldwide.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/ja-solar-summit-highlights-shift-toward-solar-storage-integration-as-global-demand-holds-firm-302747979.html

SOURCE JA Solar Technology Co., Ltd.

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Ascentium Acquires Dezan Shira & Associates, Expanding its Footprint to 27 Markets and Strengthening Corporate Services Capabilities

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SINGAPORE, April 21, 2026 /PRNewswire/ — Ascentium, a leading global business services platform headquartered in Singapore, has completed its acquisition of Dezan Shira & Associates (“Dezan Shira”), a multi-disciplinary professional services firm with more than three decades of experience advising foreign investors across Asia.

This strategic move significantly expands Ascentium’s reach and capabilities across Asia, the United States, and Europe, enabling the group to guide businesses from pre-investment market assessment through long-term operations, while further deepening its advisory expertise for international businesses operating across these regions.

Expanding cross-border capabilities

With this acquisition, Ascentium now operates in 27 markets, including new locations such as Mongolia, Poland, Germany and Italy, thereby enhancing its ability to support clients with cross-border investments and multi-jurisdictional operations. The addition of Dezan Shira’s network complements Ascentium’s existing footprint in Southeast Asia, positioning the group as one of the most extensive on-the-ground advisory platforms supporting foreign investment in Asia.

This expansion further enables Ascentium to serve clients on the Chinese mainland more effectively, especially foreign investors seeking to enter or scale in this dynamic market.  Added to the established network of InCorp International, an Ascentium Company, the incorporation of Dezan Shira contributes three new offices in Suzhou, Tianjin, and Zhongshan, extending Ascentium’s presence across the Chinese mainland to 15 locations.

With a network spanning major commercial hubs including Beijing, Shanghai, Shenzhen, Guangzhou, and Tianjin, Ascentium delivers clear answers and hands-on support to help businesses navigate regulatory complexity and build a strong, compliant presence with confidence.

Deepening advisory and intelligence capabilities

Dezan Shira brings over three decades of experience advising foreign investors in Asia, with recognised strengths in regulatory analysis, business intelligence, investment structuring, tax advisory and technology-enabled solutions. These capabilities complement Ascentium’s established services in incorporation, multi-country HR and payroll, ESG and tax advisory, and fiduciary – creating an integrated platform that supports clients from market entry through long-term growth. 

Multinational enterprises, regional headquarters, and growth-oriented businesses will benefit from greater scale, deeper regulatory expertise, and a unified service platform designed to navigate complex cross-border business environments.

Asia Briefing: Business intelligence and market insights platform

The acquisition also brings Asia Briefing, Dezan Shira’s business intelligence and research arm, into Ascentium’s ecosystem. Through its Doing Business guides, digital publications, and daily regulatory analysis, Asia Briefing is the leading source for insights on market entry, compliance, regulatory developments, and business news across Asia.

The Asia Briefing platform strengthens the combined group’s ability to pair on-the-ground advisory services with timely, region-wide intelligence to support informed decision-making.

Alberto Vettoretti, Managing Partner of Dezan Shira & Associates, said, “Joining Ascentium marks an exciting new chapter for Dezan Shira & Associates. By combining our expertise with Ascentium’s global platform and execution capabilities, we can deliver even greater value to clients looking to expand and succeed in multiple markets.”

Lennard Yong, Founding Management and Group CEO of Ascentium, added, “This acquisition brings us closer to a fully connected advisory platform across Asia and beyond. With Ascentium’s execution strength and Dezan Shira’s market intelligence and regulatory expertise, we can guide businesses through every stage of expansion, from pre-investment assessment through sustained operations, whether they are entering one new market or scaling across multiple jurisdictions.”

About Ascentium

Ascentium is a leading global business services platform dedicated to helping businesses and individuals scale greater heights. Headquartered in Singapore, we drive extraordinary growth through expert people, purpose-led technology, and an unwavering commitment to service excellence.

With over 2,600 professionals across 46 cities in 23 markets globally, we deliver integrated solutions in corporate services, finance and accounting, fund administration, human resources, and fiduciary and trust services. Serving more than 63,000 client entities across diverse industries, Ascentium combines specialised expertise with innovative, technology-enabled solutions to help clients navigate complexity and unlock new opportunities for sustainable growth.

For more information, visit: ascentium.com

About Dezan Shira & Associates

Founded in 1992, Dezan Shira & Associates is a professional services firm advising foreign investors and multinational enterprises entering and operating across Asia.

The firm provides business intelligence and market entry, corporate establishment and licensing, accounting, tax advisory, payroll and HR administration, internal audit and risk advisory, as well as technology-enabled financial software and ERP solutions.

With more than 300 professionals operating from 27 offices globally, Dezan Shira & Associates maintains one of the region’s most extensive integrated advisory platforms dedicated to foreign direct investment and cross-border operations.

 

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SOURCE Ascentium

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Thunes Launches Real-Time Payments into New Zealand

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Members of Thunes’ Direct Global Network can now send real-time payments to bank accounts in New Zealand, further strengthening the company’s presence in the Asia-Pacific region.

BANGKOK, April 21, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, today announced the expansion of its Direct Global Network with the launch of direct, real-time Pay-to-Bank services into New Zealand.

This expansion enhances Thunes’ cross-border payment capabilities in the Asia-Pacific region, providing Members of the Thunes Direct Global Network with faster and more transparent payment solutions for both consumer and business transactions. With this launch, users can easily transfer NZD directly to New Zealand bank accounts. Transactions can be made either through a direct API integration to Thunes or by leveraging existing Swift connectivity.

New Zealand is increasingly focused on upgrading its financial infrastructure to support real-time digital trade and the burgeoning gig economy. As the nation transitions to a next-generation payments ecosystem, real-time transactions are forecasted to grow at a CAGR of 21.3% through 2027.

Eugene Chua, Head of Network, APAC, at Thunes, said: “At Thunes, we’re dismantling the legacy friction that creates barriers to the global digital economy. Asia Pacific is where the Thunes story began, so we are especially pleased to be strengthening our reach in a high-growth market like New Zealand. Geography should never hinder ambition, and we are proud to be the engine driving financial connectivity, providing the infrastructure that supports and empowers businesses and individuals to benefit from international money movement and participate more fully in the global economy.”

With this expansion, Thunes reinforces its position as a leading provider of real-time cross-border payments. Its Direct Global Network leverages Thunes’ in-house SmartX Treasury System for AI-driven forecasting and real-time liquidity management, and its Fortress Compliance Platform, which benefits from over 50 licences worldwide. This ensures every payment is executed with the highest levels of security, compliance, and operational efficiency.

NOTES TO EDITORS:

Thunes will be attending Money20/20 Asia in Bangkok from April 21-23, 2026, located at booth 6005. Schedule a meeting here.

For more information about Thunes, visit: https://www.thunes.com/

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View original content:https://www.prnewswire.co.uk/news-releases/thunes-launches-real-time-payments-into-new-zealand-302746205.html

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