Xiamen Hithium Energy Storage Technology Co., Ltd (“Hithium”) and the Sun Valley HK Group (“Sun Valley”) recently signed a Memorandum of Understanding (MOU) for strategic cooperation on energy storage business (ESB)in Australia.
Industry sources affirmed that the MOU is signed by Hong Chen, Managing Director of Hithium, and Mr. He, President of Sun Valley in Sydney’s landmark 5-star hotel Sheraton Hyde Park.
The MOU signing ceremony is witnessed by Mr. Peter Hodge, Founder of BDO (global Top 5 accounting firm), Mr. Thomas Lee, Senior Partner of BDO, and Ms. Er, Customer GM of Sheraton Hyde Park. According to the agreement, Hithium and Sun Valley intend to explore various forms of cooperation on 8 solar farm projects under construction of a total of about 200MW/400MWh and coming 400MW/800MWh projects in planning.
This partnership is as an outcome of surging demand for renewable energy in Australia, energy storage endures to play an essential role in the power sector. Hithium places Australia as a significant market.
This profound cooperation is with the intention to jointly build safer and more sustainable energy storage projects in Australia and reach a net-zero environment. On the basis of this MOU, Hithium will make full use of its capacity to innovate and deliver more energy storage projects in the near future.
Industry sources added that by leveraging Hithium’s cutting-edge energy storage products, Sun Valley’s solar projects will reach new heights in terms of energy storage safety and sustainability. The cooperation will also enable Hithium to enhance its global footprint, especially in the Australian market, and promote the application of its advanced energy storage technologies.
