ALBANY, N.Y., April 18, 2019 /PRNewswire/ -- Dynamic Energy Solutions, LLC, a leading solar energy project developer and installer, today announced that they have completed construction of one of the largest community solar projects in New York State. The 5.49‑megawatt project, known as the Capital Region Community Solar Garden, will generate more than 7,300 megawatt-hours per year, the equivalent of powering more than 800 homes.

Capital Region Community Solar Garden
Capital Region Community Solar Garden

Community solar projects are designed to provide solar access to residents and businesses who may not own property or have ideal roof conditions to support solar panels. The Capital Region Community Solar Garden is a remotely installed solar panel garden consisting of two adjacent 2.7-megawatt arrays in Altamont, NY. Residents and businesses who subscribe to the solar garden will have a portion of the garden's production allocated to their electric account, which will provide them with a discount to their monthly electricity costs.

"We are thrilled that the Capital Region Community Solar Garden is now live and generating clean, renewable energy in the Albany, NY area," said Michael Perillo, Founder and CEO of Dynamic Energy Solutions. "This project offers customers of National Grid an easy and cost-effective way to go solar. It's free to join, requires no installation or maintenance, and provides savings to subscribers on their electricity costs. We are proud to have developed one of the largest community solar projects in the state, as these gardens support local, renewable energy generation, reduce air pollution, and generate local jobs."

The Capital Region Community Solar Garden received support from NYSERDA through NY-Sun, Governor Andrew M. Cuomo's $1 billion initiative to advance the scale-up of solar and move New York closer to having a sustainable, self-sufficient solar industry. Since 2011, solar in New York State has increased more than 1,500 percent and leveraged nearly $3.5 billion in private investments. There are currently nearly 12,000 people engaged in solar jobs across New York.

"Congratulations to Dynamic Energy on the completion of their community solar project, which is an increasingly popular option for residents and businesses as we work towards meeting New York's nation-leading clean energy goals under Governor Cuomo's Green New Deal," said Alicia Barton, President and CEO, New York State Energy Research and Development Authority (NYSERDA). "I commend the Capital Region community for taking part in solar energy projects like this one to help reduce emissions and support locally-produced renewable energy."

"Dynamic's team has built a robust community solar subscription and operations platform that is bringing solar to residents of the Capital Region that currently lack access behind-the-meter," said Noah Kirsch, Director of Finance at Wunder Capital. "At Wunder, we're pushing aggressively to finance community solar's rapid growth, and we're excited to have another opportunity to partner with Dynamic as owner-operator of these assets."

Dynamic Energy developed, installed and owns the project. Dynamic Energy has partnered with the Solomon Organization, a leading multi-family real estate investment, management and development firm, to provide Solomon residents in the Capital Region the opportunity to subscribe to the solar garden. For information on how to become a subscriber, please visit https://dynamicenergy.com/community/new-york/

About Dynamic Energy Solutions, LLC
Dynamic Energy is a full-service solar energy provider that brings together the diverse expertise needed to design, finance, build, and maintain projects to meet the needs of commercial, industrial, and institutional customers. With an in-house team that includes professional engineers, project managers, and master electricians, Dynamic Energy creates high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment, and achieve sustainability goals.

About Wunder Capital
Wunder Capital develops and manages solar investment funds by leveraging its national partnership network, tested processes, proprietary underwriting framework, and best-in-class online investment portal. Wunder actively manages everything, from the sourcing of commercial solar opportunities, to the underwriting, contracting, and construction of each project. Once a system is live, Wunder manages the ongoing operation and maintenance of the array, bills the energy customer, and distributes proceeds to investors. For more information, please visit www.wundercapital.com.

Media Contact:
Elizabeth Dougherty
(484) 323-1176
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Dynamic Energy

Related Links

https://dynamicenergy.com

Read more: Dynamic Energy New York State Community Solar...

WUXI, Jiangsu Province, China, April 18, 2019 /PRNewswire/ -- Sharing Economy International Inc. ("SEII" or "the Company") (OTC Markets: SEII), a clean technology and sharing economy company that designs, manufactures and distributes of proprietary high and low temperature dyeing and finishing machinery to the textile industry, and is engaged in the development of sharing economy platforms and rental related businesses, today announced its financial results for year ended December 31, 2018.

"In 2018, our legacy dyeing and finishing business continued to face numerous challenges such as difficult economic conditions, rising raw materials costs and forced closures by the Chinese government which adversely impacted our financial results for the year. We also recorded $8.6 million in impairment losses related to patent use rights and the disposition of manufacturing equipment along with an $8.9 million loss on our solar farm equity method investment following the Chinese government's halt on new solar farm installations and reduced subsidies for solar farms already under construction," said Mr. Jianhua Wu, Chairman and CEO of SEII. "Given the challenges facing our existing manufacturing operations, we continue to look for new growth opportunities for the Company. In 2018, we established new sharing economy businesses in peer-to-peer errand services, coworking and 3D virtual tours, and are making good progress in developing our online rental sharing business in Asia."

Mr. Parkson Yip, Vice President of SEII, commented, "While the development of our sharing economy businesses is dependent on additional capital to fund their growth, we made great strides over the last year. In 2018 we launched BuddiGo, our sharing platform that provides on demand delivery of items including packages, flowers, cakes and food delivery by 'buddies' who can spare idle time to run errands in the Hong Kong market. During the year we had over 1,200 individuals officially registered as sell-side buddies and they completed over 500 delivery orders. Meanwhile, 3D Discovery generated over $0.2 million in revenue in 2018 and continues its work on Autocap, a mobile app which allows users to create an interactive virtual tour of a physical space by using a mobile phone camera. Finally, through our agreement with ECrent, we continue our prelaunch activities for our peer-to-peer rental sharing economy in Asia. We remain optimistic about the future of this business and are hopeful it will make a meaningful contribution to our topline in 2019."

Full Year 2018 Results

Revenue for 2018 decreased by 30.9% to $9.5 million, compared to $13.5 million for 2017.  The Company's dyeing and finishing business generated substantially all revenue in 2018, since the forged rolled rings and related products and petroleum and chemical equipment businesses were discontinued in 2016 and the new sharing economy businesses are still in an early stage.  Revenues declined due to an anticipated slowdown in shipments of low-emission airflow dyeing machines as many companies in the dyeing industry had already upgraded to new models and did not require additional equipment, and orders for new low-emission airflow dyeing machines slowed down in 2018 and 2017 as potential customers did not have the financial resources or credit to purchase equipment.  In addition, apparel factories and other factories have been shut down throughout the last year by China's environmental bureau, which has been cutting electricity and gas supply to determine compliance with China's environmental laws, which contributed to the decline in revenues.

Gross loss for 2018 was $4.4 million, compared to a gross loss of $156,000 for 2017.  Gross margin was negative 46.4% during 2018 compared to negative 1.2% for 2017. The gross margin for 2018 was primarily impacted by the reduced scale of operations resulting from lower revenues, which is reflected in the allocation of fixed costs, mainly consisting of depreciation, to cost of revenues, and an increase in labor and raw material costs.

Operating expenses increased by 135.0% to $28.4 million, compared to $12.1 million in 2017.  The increase was primarily due to higher professional fees in the form of stock-based compensation related to implementing a new business plan with the objective of improving long-term growth, an increase in salaries to support new business opportunities, temporary rent expense and an increase in the allowance for doubtful accounts. In addition, the Company recorded impairment losses of approximately $1.9 million related to the write-off its patent of use rights in September 2018 and approximately $6.3 million related to the disposition of manufacturing equipment in December 2018.

Other expense was $9.3 million, compared to other expense of $188,000 in 2017. The increase was primarily due to an $8.9 million loss in equity investment in Shengxin, a developer and designer of solar farms in China. In April 2018, Shengxin secured and invested in a large solar PV project in Guizhou province, paid RMB40.0 million for the project rights and also engaged a local contractor to proceed with building the project. However, on June 1, 2018, the Chinese government halted installation of new solar farms for the remainder of the year and reduced subsidies for projects already under construction. Due to significant doubt about the status of this project and recoverability of the Company's investment, the Company fully impaired the value of its investment during the third quarter of 2018.

Loss from continuing operations was $42.1 million, or $(7.15) per basic and diluted share, compared to loss from continuing operations of $12.8 million, or $(6.99) per basic and diluted share in 2017.

Gain from discontinued operations (Refer to "Discontinued Operations" discussion below) was $16,000, or $0.00 per basic and diluted share.  This compares to loss from discontinued operations of $98,000, or $(0.05) in 2017.

Net loss for 2018 was $41.1 million, or $(7.15) per basic and diluted share, compared to net loss of $12.9 million, or $(7.04) per basic and diluted share, in 2017.   

Basic and diluted earnings per share were based on 5,753,698 and 1,832,900 weighted average shares outstanding, respectively, for the years ended December 31, 2018 and 2017. All share and per share information has been adjusted to reflect a 1-for-4 reverse stock split effective March 20, 2017.

Financial Condition

As of December 31, 2018, SEII held cash and cash equivalents of $0.9 million compared to $1.0 million at December 31, 2017.  Accounts receivable were $4.3 million compared to $9.1 million at December 31, 2017.  Inventories were $6.4 million compared to $4.6 million at December 31, 2017.  The Company had $2.3 million in short-term bank loans payable at December 31, 2018, down slightly from $2.5 million at December 31, 2017. Working capital was $10.6 million at December 31, 2018 compared to $13.5 million at December 31, 2017.   Stockholders' equity was $35.4 million at December 31, 2017. 

In 2018, the Company used $2.5 million in cash flow from operations. The Company used $72,000 in cash flow from investing activities, and generated $2.0 million in cash flow from financing activities, primarily due to proceeds $0.9 million in from the sale of a convertible note, proceeds from the sale of common stock of $0.3 million and advances from a related party of $1.4 million.

Discontinued Operations

On December 30, 2016, the Company sold and transferred 100% of the stock of Wuxi Fulland Wind Energy Equipment Co., Ltd. ("Fulland Wind") to an unrelated party and discontinued the Company's forged rolled rings and related components business. Additionally, the Company's management decided to discontinue its petroleum and chemical equipment segment due to significant declines in revenues and the loss of its major customer. As such, the assets and liabilities of these two segments have been classified on the consolidated balance sheet as assets and liabilities of discontinued operations as of December 31, 2018 and 2017 and the operating results have been classified as discontinued operations in the consolidated statements of operations for all years presented.

About Sharing Economy International Inc.

Sharing Economy International Inc., through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company's latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. For more information visit www.seii.com.  

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and affiliated companies and certain potential transactions that they may enter into. These forward looking statements are often identified by the use of forward looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website, including factors described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-K for the year ended December 31, 2018.  All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Company Contact:

Sharing Economy International Inc.
Mr. Parkson Yip
Vice President of Strategic Business Development
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  
Phone: +852-31060372

SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS






December 31,



December 31,




2018



2017









ASSETS







CURRENT ASSETS:




Cash and cash equivalents


$

781,740



$

1,019,437


Restricted cash



77,473




272,991


Notes receivable



149,757




461,292


Accounts receivable, net of allowance for doubtful accounts



4,327,980




9,092,709


Inventories, net of reserve for obsolete inventories



6,414,305




4,553,559


Advances to suppliers



565,295




2,023,779


Receivable from sale of subsidiary



2,791,590




2,950,442


Prepaid license fee - related party, net



663,830




-


Prepaid expenses and other



5,235,113




2,144,624


Assets of discontinued operations



209,926




407,510











Total current assets



21,217,009




22,926,343











OTHER ASSETS:









Equity method investment



-




9,053,859


Property and equipment, net



21,563,420




33,181,119


Intangible assets, net



3,562,513




5,394,296











Total other assets



25,125,933




47,629,274











Total assets


$

46,342,942



$

70,555,617











LIABILITIES AND STOCKHOLDERS' EQUITY


















CURRENT LIABILITIES:









Short-term bank loans


$

2,182,960



$

2,074,529


Bank acceptance notes payable



72,698




422,589


Convertible note payable



710,504




670,000


Accounts payable



4,254,598




2,798,590


Accrued expenses



779,948




165,749


Advances from customers



1,073,797




2,454,375


Due to related parties



1,257,505




347,589


Income taxes payable



60,065




63,483


Liabilities of discontinued operations



268,532




389,633











Total current liabilities



10,660,607




9,386,537











LONG-TERM LIABILITIES:









Long-term loan



244,910




-











Total liabilities



10,905,517




9,386,537











Commitments and contingencies


















STOCKHOLDERS' EQUITY:









Preferred stock, $0.001 par value; 10,000,000 shares authorized;









Series A Preferred stock ($0.001 par value; 10,000,000 and 0 shares authorized; 0
    and 0 issued and outstanding at December 31, 2018 and 2017, respectively)



-




-


Common stock ($0.001 par value; 12,500,000 shares authorized; 7,501,304 and
    2,527,720 shares issued and outstanding at December 31, 2018 and 2017,
    respectively)



7,449




2,528


Additional paid-in capital



58,452,131




40,241,172


Retained earnings



(27,492,559)




13,624,729


Statutory reserve



2,352,592




2,352,592


Accumulated other comprehensive income - foreign currency translation adjustment



2,657,614




4,923,829


Total stockholder's equity



35,977,227




61,144,850











Non-controlling interest



(539,802)




24,230











Total stockholders' equity



35,437,425




61,169,080











Total liabilities and stockholders' equity


$

46,342,942



$

70,555,617


SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS






For the Years Ended




December 31,




2018



2017









REVENUES                                                                                                                         


$

9,508,042



$

13,522,056











COST OF REVENUES



13,924,107




13,677,889











GROSS (LOSS) PROFIT



(4,416,065)




(155,833)











OPERATING EXPENSES:









Depreciation and amortization



1,132,052




1,100,944


Selling, general and administrative



16,211,430




3,619,382


Research and development



498,803




420,023


Bad debt expense



1,920,490




6,473,838


Impairment loss



8,619,109




462,111











Total operating expenses



28,381,884




12,076,298











LOSS FROM OPERATIONS



(32,797,949)




(12,232,131)











OTHER INCOME (EXPENSE):









Interest income



16,108




12,574


Interest expense



(374,387)




(137,823)


Loss on equity method investment



(8,901,746)




(130,498)


Foreign currency transaction loss



(2,764)




(1,812)


Other (loss) income



(41,580)




69,584











Total other expense, net



(9,304,369)




(187,975)











LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME
TAXES



(42,102,318)




(12,420,106)











PROVISIONS FOR INCOME TAXES:









Current



-




(11,273)


Deferred



-




(397,014)











Total Income taxes provision



-




(408,287)











LOSS FROM CONTINUING OPERATIONS



(42,102,318)




(12,828,393)











DISCONTINUED OPERATIONS:









Gain (loss) from discontinued operations, net of income taxes



16,237




(97,957)











GAIN (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES



16,237




(97,957)











NET LOSS



(42,086,081)




(12,926,350)











NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST



(968,793)




(19,581)











NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS


$

(41,117,288)



$

(12,906,769)











COMPREHENSIVE (LOSS) GAIN:









Net loss


$

(42,086,081)



$

(12,926,350)


Unrealized foreign currency translation gain



(2,266,215)




4,046,840











Comprehensive loss


$

(44,352,296)



$

(8,879,510)











Net loss attributable to non-controlling interest


$

(968,793)



$

(19,581)


Unrealized foreign currency translation gain (loss) from non-controlling interest



-




-











Comprehensive loss attributable to common stockholders


$

(43,383,503)



$

(8,859,929)











NET LOSS PER COMMON SHARE:









Continuing operations - basic and diluted


$

(7.15)



$

(6.99)


Discontinued operations - basic and diluted



0.00




(0.05)











Net loss per common share - basic and diluted


$

(7.15)



$

(7.04)











WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:









Basic and diluted



5,753,698




1,832,900


SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS






For the Years Ended




December 31,




2018



2017


CASH FLOWS FROM OPERATING ACTIVITIES:







Net loss


$

(42,086,081)



$

(12,926,350)


Adjustments to reconcile net loss from operations to net cash provided by operating
    activities:









Depreciation                                                                                                                   



4,045,881




3,950,932


Amortization of intangible assets



707,390




324,190


Allowance for doubtful accounts



1,920,490




6,473,838


Allowance for doubtful accounts - discontinued operations



(16,237)




66,085


Loss from impairment of acquisition of a non-wholly owned subsidiary



-




462,111


Impairment loss of disposition for manufacturing equipment



6,257,583




-


Impairment loss of intangible assets



2,335,562




-


Impairment loss of goodwill



25,965




-


Loss on equity method investment



8,901,746




130,498


Stock-based employment compensation



352,391




-


Stock-based professional fees



10,467,783




1,586,643


Stock-based donation



241,860




-


Stock-based rents



1,268,727




-


Amortization of debt discount



185,336




-


Amortization of license fee



376,170




-


Inventory reserve



944,567




285,334


Changes in operating assets and liabilities:









Notes receivable



297,922




(306,542)


Accounts receivable



2,547,860




(924,212)


Inventories



(3,132,915)




(2,209,520)


Prepaid and other current assets



(640,312)




(255,321)


Advances to suppliers



1,402,354




(801,282)


Deferred tax assets



-




397,014


Assets of discontinued operations



198,757




42,273


Accounts payable



1,700,787




1,849,047


Accrued expenses



640,344




(210,396)


VAT and service taxes payable



-




(48,621)


Income taxes payable



-




(20,532)


Advances from customers



(1,297,307)




1,923,909


Liabilities of discontinued operations



(104,043)




(198,889)











Net cash used in operating activities



(2,457,419)




(409,791)











CASH FLOWS FROM INVESTING ACTIVITIES:









Purchase of property and equipment



(74,832)




(5,199,833)


Proceed received from acquisition



2,341




-


Proceed received from sale of subsidiary in cash



-




2,130,556


Proceeds from sales of equipment from discontinued operations



-




1,146,959











Net cash used in investing activities



(72,491)




(1,922,318)











CASH FLOWS FROM FINANCING ACTIVITIES:









Offering costs paid



(195,018)




-


Proceeds from bank loan



2,522,913




1,257,620


Repayments of bank loan



(2,039,675)




(1,479,553)


Proceed from convertible note



900,000




670,000


Decrease in bank acceptance notes payable



(339,946)




(155,353)


Advance from related party



1,394,872




347,589


Repayment of related party advances



(484,956)




-


Proceeds from sale of common stock, net



256,410




860,000











Net cash provided by financing activities



2,014,600




1,500,303











Effect of exchange rate changes



82,095




369,745











Net decrease in cash and cash equivalents



(433,215)




(462,061)











Cash and cash equivalents - beginning of period



1,292,428




1,481,498











Cash and cash equivalents - end of period


$

859,213



$

1,019,437











SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:









Cash paid in continuing operations for:









Interest


$

131,684



$

134,459


Income taxes


$

-



$

-











Cash paid in discontinued operations for:









Interest


$

-



$

-


Income taxes


$

-



$

-











NON-CASH INVESTING AND FINANCING ACTIVITIES:









Stock issued for future services


$

4,189,028



$

1,709,989


Stock issued for future services to employees and directors


$

932



$

-


Stock issued for prepayment of license fee - related party


$

663,830



$

-


Stock issued for repayment of convertible note


$

670,335



$

-


Stock issued for redemption of convertible note and accrued interest


$

75,000



$

-


Stock issued for acquisition of non-wholly owned subsidiaries


$

976,984



$

507,710


Stock issued for accrued liabilities


$

-



$

37,835











RECONCILIATION OF CASH,CASH EQUIVALENTS AND RESTRICTED CASH









Cash and cash equivalents at beginning of period


$

1,019,437



$

1,481,498


Restricted cash at beginning of period



272,991




551,047


Restricted cash included in discontinued operations at beginning of period



-




-


Total cash, cash equivalents and restricted cash at beginning of period


$

1,292,428



$

2,032,545











Cash and cash equivalents at end of period


$

781,740



$

1,019,437


Restricted cash at end of period



77,473




272,991


Restricted cash included in discontinued operations at end of period



-




-


Total cash, cash equivalents and restricted cash at ended of period


$

859,213



$

1,292,428


SOURCE Sharing Economy International, Inc.

Related Links

http://www.cleantechsolutionsinternational.com

Read more: Sharing Economy International Reports Full Year...

As one of the first on the US market to offer high-power capabilities, ST556KWH-250 features 4 units of 60kW modules, which enables flexible design to customize system capacity and module quantity, and can be widely used in multiple applications, including peak shaving, demand response and micro-grid.

The main innovation behind the new ESS solution is its integration with Samsung's latest E3 Battery to obtain a smaller size and higher energy densities, along with minimized on-site labor and wiring. Thanks to its local controller, HAVC and FSS design, ST556KWH-250 ensures flexible operations and easy maintenance.

Groundbreaking DC-Coupled Energy Storage System showcased

To further strengthen its ESS range, Sungrow introduced its all-new DC-Coupled ESS solution. Compared to an AC-Coupled system, the new DC-Coupled system has a lower connected power distribution, and is easy to transport and install. With its compact mechanical design, this system not only reduces initial investment by 20%, but also harnesses solar energy effectively, making it the perfect match of the PV plus energy storage power plants.

"We are excited to be showcasing our latest products and technologies at this show," said Jack Gu, President of Sungrow PV & Energy Storage Division. "Until now, we have more than 200 MW storage systems deployed in the US, especially in the commercial space with a market share over 15%. As a pioneering PV technology leader and inverter solution provider, Sungrow will continue to develop and present new cutting-edge PV and ESS solutions and catalyze the development of the global PV industry," he added.

About Sungrow

Sungrow Power Supply Co., Ltd ("Sungrow") is a global leading inverter solution supplier for renewables with over 79 GW installed worldwide as of December 2018. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters, with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial, and residential applications, as well as internationally recognized floating PV plant solutions. With a strong 22-year track record in the PV space, Sungrow products power installations in over 60 countries, maintaining a worldwide market share of over 15%. Learn more about Sungrow by visiting www.sungrowpower.com 

SOURCE Sungrow Power Supply Co., Ltd

Related Links

http://www.sungrowpower.com

Read more: Sungrow debuts a New Energy Storage System at...

DUBLIN, April 17, 2019 /PRNewswire/ -- The "Testing, Inspection, and Certification Market by Service (Testing, Inspection, Certification), Sourcing Type (In-House and Outsourced), Application (Consumer Goods and Retail, Construction and Infrastructure), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The TIC market is estimated to grow from USD 209.4 billion in 2019 to USD 266.2 billion by 2024-growing at a CAGR of 4.91%.

The growth of the TIC market is driven by the increase in disposable income and rapid urbanization in developing economies; high growth in product recalls across the world; high adoption of outsourcing service models by worldwide manufacturers; increased requirement for harmonized standards; surge in illicit trading, counterfeiting, and piracy practices across the world; and enforcement of rigorous government regulations and standards across various sectors. However, the complex nature of supply chains and long lead time for overseas qualification tests pose major challenges for players in the TIC market.

Escalating need to get products certified will boost the demand for certification services in the coming years

The market for certification services is estimated to grow at a higher CAGR during the forecast period. Certification demonstrates a company's credibility in the market. Certification services in the TIC market validate the result of a test or inspection against a range of pre-specified standards set by governments, international standardization institutions, or clients. Generally, certification or safety marks are applied to the product. This service is crucial for manufacturers to demonstrate the compliance of their products with specific standards and improve the marketability of their products.

Requirement of highly advanced capabilities and expertise to evaluate the performance and reduce the delivery time contributing to the growth of the automotive with the highest CAGR during the forecast period

The market for the automotive application is estimated to grow at the highest CAGR during the forecast period. Automotive testing requires highly advanced capabilities and expertise to evaluate the performance and reduce the delivery time of a vehicle. Governments are increasingly focusing on implementing legislation to prevent road accidents and minimize the environmental impact of non-compliant vehicles. Manufacturers and suppliers have to ensure higher safety standards, sustainable quality, and operational excellence in meeting government safety standards.

The market in APAC is expected to witness the highest CAGR during the forecast period

The market in APAC is estimated to grow at the highest higher CAGR during the forecast period. Countries in APAC such as China and Japan are the most developed countries, with significant export capacity. However, its imports are mainly targeted at the agriculture, petroleum, and mining industries, among others. Major industries in APAC include consumer electronics, processed foods, and agriculture. These industries have a significant demand for TIC services to stay in compliance with international standards.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Lucrative Opportunities in TIC Market
4.2 TIC Market, By Sourcing Type
4.3 TIC Market, By Service Type
4.4 TIC Market in APAC, By Application and Service Type
4.5 TIC Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Disposable Income and Rapid Urbanization in Developing Economies
5.2.1.2 High Growth in Product Recalls Across the World
5.2.1.3 High Adoption of Outsourcing Service Model By Worldwide Manufacturers
5.2.1.4 Increased Requirement for Harmonized Standards
5.2.1.5 Surge in Illicit Trading, Counterfeiting, and Piracy Practices Across the World
5.2.1.6 Enforcement of Rigorous Government Regulations and Standards Across Various Sectors
5.2.2 Restraint
5.2.2.1 Diverse Standards and Regulations Across Geographies
5.2.3 Opportunities
5.2.3.1 Growth Opportunities for Small- and Medium-Sized Businesses in the TIC Ecosystem
5.2.3.2 Consolidation of Fragmented Markets
5.2.4 Challenges
5.2.4.1 Complex Nature of Global Supply Chains
5.2.4.2 Long Lead Time for Overseas Qualification Assessments

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Core Industry Segments for Overall TIC Market
6.3.1.1 TIC Standards and Regulatory Bodies
6.3.1.2 Companies Offering TIC Services
6.3.1.3 End-User Industries
6.4 Key Industry Trends
6.5 Pest Analysis
6.5.1 Political Factors
6.5.2 Economic Factors
6.5.3 Social Factors
6.5.4 Technological Factors

7 TIC Market, By Service Type
7.1 Introduction
7.2 Testing
7.3 Inspection
7.4 Certification
7.5 Others

8 TIC Market, By Sourcing Type
8.1 Introduction
8.2 In-House Services
8.3 Outsourced Services

9 TIC Market, By Application
9.1 Introduction
9.2 Consumer Goods and Retail
9.2.1 Personal Care and Beauty Products
9.2.2 Hard Goods
9.2.3 Softlines and Accessories
9.2.4 Toys and Juvenile Products
9.2.5 Electrical and Electronics
9.2.6 Others
9.3 Agriculture and Food
9.3.1 Seeds and Crops
9.3.2 Fertilizers
9.3.3 Commodities
9.3.4 Food
9.3.5 Forestry
9.3.6 Others
9.4 Chemicals
9.4.1 Asset Integrity Management Services
9.4.2 Project Lifecycle Services
9.4.3 Finished Product Services
9.4.4 Chemical Feedstocks Services
9.4.5 Others
9.5 Construction and Infrastructure
9.5.1 Project Management
9.5.2 Material Services
9.5.3 Construction Machinery and Equipment Services
9.5.4 Facilities Management and Inspection Services
9.5.5 Others
9.6 Energy & Power
9.6.1 Energy Sources
9.6.1.1 Nuclear
9.6.1.2 Wind
9.6.1.3 Solar
9.6.1.4 Alternative Fuels
9.6.1.5 Fuel Oils and Gases
9.6.1.6 Coal
9.6.2 Power Generation
9.6.3 Power Distribution
9.6.4 Asset Integrity Management Services
9.6.5 Project Lifecycle Services
9.6.6 Others
9.7 Industrial and Manufacturing
9.7.1 Supplier-Related Services
9.7.2 Production- and Product-Related Services
9.7.3 Project-Related Services
9.7.4 Others
9.8 Medical and Life Sciences
9.8.1 Medical Devices
9.8.2 Health, Beauty, and Wellness
9.8.3 Clinical Services
9.8.4 Laboratory Services
9.8.5 Biopharmaceutical and Pharmaceutical Services
9.8.6 Others
9.9 Mining
9.9.1 Inspection and Sampling Services
9.9.2 Analytical Services
9.9.3 Exploration Services
9.9.4 Metallurgy and Process Design Services
9.9.5 Production and Plant Services
9.9.6 Site Operations and Closure Services
9.9.7 Project Risk Assessment and Mitigation Services
9.10 Oil & Gas and Petroleum
9.10.1 Upstream
9.10.2 Downstream
9.10.3 Biofuels and Feedstock
9.10.4 Petrochemicals
9.10.5 Asset Integrity Management Services
9.10.6 Project Lifecycle Services
9.10.7 Others
9.11 Public Sector
9.11.1 Product Conformity Assessment Services
9.11.2 Monitoring Services
9.11.3 Valuation Services
9.11.4 Others
9.12 Automotive
9.12.1 Electrical Systems and Components
9.12.2 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
9.12.3 Telematics
9.12.4 Fuels, Fluids, and Lubricants
9.12.5 Interior and Exterior Materials and Components
9.12.6 Vehicle Inspection Services (VIS)
9.12.7 Homologation Testing
9.12.8 Others
9.13 Aerospace
9.13.1 Aerospace Manufacturing Services
9.13.2 Aviation Management Services
9.13.3 Others
9.14 Marine
9.14.1 Marine Fuel Systems and Component Services
9.14.2 Ship Classification Services
9.14.3 Marine Materials and Equipment Services
9.14.4 Others
9.15 Rail
9.15.1 Rail Construction and Production Monitoring
9.15.2 Infrastructure Management
9.15.3 Others
9.16 Supply Chain and Logistics
9.16.1 Packaging & Handling
9.16.2 Risk Management
9.16.3 Others
9.17 It and Telecom
9.17.1 Telecom and It Infrastructure Equipment
9.17.2 Modules and Devices
9.18 Sports & Entertainment
9.18.1 Sports Venues and Facilities
9.18.2 Sporting Goods and Protective Equipment

10 Geographic Analysis

11 Competitive Landscape
11.1 Overview
11.2 Key Players in TIC Market
11.3 Competitive Situations and Trends
11.3.1 Acquisitions
11.3.2 Expansions
11.3.3 Service Launches
11.3.4 Others

12 Company Profiles

  • ALS Limited
  • Applus+
  • Avomeen Analytical Services
  • Bureau Veritas
  • Dekra Se
  • DNV Gl
  • Element Materials Technology
  • Envigo
  • Eurofins Scientific
  • Force Technology
  • Gateway Analytical
  • HV Technologies Inc.
  • Intertek
  • Keystone Compliance
  • Kiwa Inspecta
  • Lloyd's Register Group Limited
  • Medistri Sa
  • Mistras
  • Rina S.P.A.
  • Safety Assessment Federation (SAFED)
  • SGS Group
  • Technick Inpekcia
  • TUV Nord Group
  • TUV Rheinland
  • TUV SUD
  • Trk Loydu
  • Ul LLC
  • VDE Testing Institute
  • Washington Laboratories Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/g1d616

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Read more: Global Testing, Inspection, and Certification...

A la cabeza de los rankings por tercer año consecutivo, el informe reveló que Arctech Solar captó el 9% del mercado global de trazadores FV por megavatios despachados en 2018, con un crecimiento sostenido del 6% en 2017. Además, Arctech Solar duplicó sus despachos globales de trazadores solares FV con respecto al año anterior.

Además de su liderazgo en la región del Pacífico asiático, Arctech Solar ha marcado un hito significativo en otras regiones, por ejemplo, ubicándose en el tercer lugar en Australia por primera vez. También se ubica entre los 10 principales proveedores en México, Brasil, España, Latinoamérica y Europa. Muchos de los logros se deben a la estrategia de expansión de mercados de Arctech Solar en estos mercados solares en rápido crecimiento en 2018.

"Estos resultados marcan un importante hito para Arctech y han demostrado nuestra competitividad en el mercado de trazadores FV", comentó el señor Guy Rong, presidente de negocios internacionales de Arctech Solar. "Nos honra ser reconocidos como uno de los líderes del mercado por tercer año consecutivo, y creemos que esto reafirma nuestra estrategia global y el compromiso permanente con la innovación y el servicio".

Arctech Solar también mantuvo su liderazgo en la lista de despachos solares FV totales históricos (que incluye embarques de equipos fijos y trazadores) por tercer año consecutivo, con un récord acumulado de 18,827 GW.

Este impactante crecimiento es resultado de la estrategia de internacionalización de la compañía, y su dedicación a la innovación, la ejecución y el servicio al cliente. Con el lanzamiento de su abordaje global en 2013, la llegada de Arctech Solar actualmente abarca cuatro continentes, y la experiencia y familiaridad de la compañía con las normas locales de más de 20 países le permite proveer soluciones personalizadas.

Además de ampliar su huella internacional, Arctech Solar sigue desarrollando tecnologías revolucionarias, que incluyen el nuevo tubo de torque Skyline y el sistema trazador SkySmart líder en el mundo. Estas innovaciones ofrecen mayor eficiencia energética y menores costos de instalación y mantenimiento, siendo al mismo tiempo confiables y ajustadas a las normas globales de certificación. Específicamente, estos dos sistemas trazadores fueron sometidos a pruebas en túnel de viento considerando el efecto de desprendimiento de vórtices, tales como análisis de inestabilidad dinámica y aeroelástica. Así, puede ayudar a Arctech Solar a salvaguardar la calidad del sistema trazador y a proporcionar una base estable como socio confiable para los inversores globales.

Arctech planea exhibir sus principales productos en ferias comerciales en todo el mundo en 2019 y posteriormente, como parte de su misión continua de llevar energía limpia al mundo.

Acerca de Arctech Solar 

Arctech Solar es uno de los principales fabricantes y proveedores de soluciones de sistemas trazadores y de racks para paneles solares del mundo. En la última década, Arctech Solar ha instalado con éxito subsidiarias/centros de servicios en Estados Unidos, India, Japón, España, México y Australia. A fines de 2018, llevamos instalada una capacidad acumulada de 19 GW, y hemos completado 900 proyectos en 24 países. Actualmente, Arctech Solar es un socio confiable en la industria global de sistemas trazadores y de racks fotovoltaicos. Para obtener más información, visite www.arctechsolar.com.

Para consultas de medios de comunicación, contactar a:

Lisa Zhou
Teléfono: +86-18918888669
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FUENTE Arctech Solar

Related Links

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SOURCE Arctech Solar

Read more: Arctech mantiene su puesto entre los 4 mejores...

SHIHEZI, China, April 17, 2019 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2018, which contains the Company's audited consolidated financial statements, with the Securities and Exchange Commission (the "SEC").

The annual report on Form 20-F can be accessed and downloaded from the SEC's website at www.sec.gov or through the investor relations section of the Company's website at http://daqo.gotoip1.com. Holders of the Company's securities may request a hard copy of the Company's annual report free of charge by contacting the Company by mail at:

Daqo New Energy Corp.
Investor Relations
Unit C, 29F, Huadu Building, No.838 Zhangyang Road
Pudong District, Shanghai, China, 200122

ABOUT DAQO NEW ENERGY CORP.

Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2008, the Company is one of the world's lowest cost producers of high-purity polysilicon. Daqo's highly-efficient and technically advanced manufacturing facility in Xinjiang, China currently has a nameplate annual polysilicon production capacity of 30,000 metric tons, and the Company is undergoing a debottlenecking project and a capacity expansion project and expects to increase its annual polysilicon production capacity to 70,000 metric tons in the first quarter of 2020.

For more information, please visit http://daqo.gotoip1.com/

For further information, please contact:
Daqo New Energy Corp.
Investor Relations Department
Phone: +86-187-1658-5553
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Daqo New Energy Corp.

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Read more: Daqo New Energy Filed Its 2018 Annual Report on...

CHARLOTTE, N.C., April 17, 2019 /PRNewswire/ -- Forbes magazine has named Duke Energy (NYSE: DUK) to its 2019 list of America's Best Employers. Out of 500 companies ranked, Duke Energy moved up one spot to No. 105 and is the highest-ranking Charlotte-based employer. 

"Our people are our power," said Melissa Anderson, Duke Energy's executive vice president, administration and chief human resources officer. "Every day, we strive to create a working environment where each employee is valued for their unique background and significant contributions."

The ranking is determined by an independent, anonymous survey of more than 30,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations. Respondents are asked to respond on several work-related topics, including working conditions, salary, potential for development and company image.

Company performance highlights include:

  • Fostering diversity and inclusion – A 20-year-old network of Employee Resource Groups (ERGs) that work to address the needs of employees, communities and customers. The ERGs represent African Americans, Hispanics, women, people with disabilities, new employees, veterans and the LGBT community. Duke Energy's commitment to diversity and inclusion has received frequent recognition, including the 2018 Secretary of Defense Employer Support Freedom Award, the highest honor the U.S. Department of Defense gives to companies for their outstanding support for employees who serve in the National Guard and Reserve.
  • Valuing work-family balance – Duke Energy offers mothers and fathers fully paid parental leave – totaling six weeks – to allow for bonding, bolster work-family balance and help attract and retain highly skilled workers. Duke Energy's other family-focused employee benefits include a $5,000 reimbursement for costs associated with adopting a child, generous vacation time, paid sick leave, and paid time off to care for a sick or injured child, parent or other family member.
  • Supporting our communities – Through the Duke Energy In Action program, the company sponsors volunteer projects for employees throughout the year and provides them with 10 paid hours to volunteer for a cause of their choice. Employees can also earn company donations through volunteerism and receive dollar-for-dollar matching donations to the cause of their choice from the Duke Energy Foundation.
  • Focusing on safety – In 2018, Duke Energy maintained an industry-leading safety performance, with an employee Total Incident Case Rate (TICR) of 0.43.
  • Investing in professional development – Through both formal training and knowledge transfer, the company invests in positioning employees for success. The Duke Energy Leadership Academy offers a variety of learning and development opportunities, including independent studies and facilitated programs to address the needs of each leadership level.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 125 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2019 "World's Most Admired Companies" list and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

24-Hour: 800.559.3853

SOURCE Duke Energy

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Read more: Forbes once again names Duke Energy one of...

Arctech Solar est en tête du classement pour la troisième année consécutive et le rapport révèle que la société s'est emparée de 9 % du marché international des trackers PV en termes de mégawatts expédiés en 2018, une hausse constante depuis les 6 % de 2017. En outre, Arctech Solar a doublé l'historique de ses expéditions internationales de trackers PV solaires par rapport à l'an dernier.

En plus de sa position de leader en Asie-Pacifique, Arctech Solar a réalisé d'importants progrès dans les autres régions en atteignant par exemple la troisième position en Australie pour la première fois. La société est également parmi les 10 premiers fournisseurs au Mexique, au Brésil, en Espagne, en Amérique latine et en Europe. Beaucoup de ces réussites sont dues à la stratégie d'expansion de marché d'Arctech Solar dans ces marchés du solaire à croissance rapide en 2018.

« Ces résultats marquent une étape importante pour Arctech et attestent de notre compétitivité sur le marché des trackers PV », a déclaré M. Guy Rong, président des affaires internationales d'Arctech Solar. « Nous sommes honorés d'être reconnus comme l'un des leaders du marché pour la troisième année consécutive et nous croyons que cela confirme notre stratégie mondiale et notre engagement continu pour l'innovation et le service. »

Arctech Solar a également conservé son avance sur l'historique de l'ensemble de la liste des expéditions PV solaires (y compris les expéditions de produits fixes et de suivi de trajectoire) pour la troisième année consécutive avec un record cumulatif de 18.827 GW.

Cette croissance impressionnante est le résultat de la stratégie d'internationalisation de l'entreprise et de son dévouement envers l'innovation, la mise en œuvre et le service à la clientèle. Après avoir lancé leur approche mondiale en 2013, l'influence d'Arctech Solar s'étend maintenant sur quatre continents. De plus, l'expertise et les connaissances de l'entreprise concernant les normes locales de plus de 20 pays lui permettent de fournir des solutions personnalisées.

En plus d'élargir sa présence internationale, Arctech Solar continue de développer des technologies de pointe, y compris le nouveau tube de torsion Skyline et le système de suivi de trajectoire leader mondial SkySmart. Ces innovations offrent une plus grande efficacité énergétique, une réduction des coûts d'installation et d'entretien, tout en étant fiables et conformes aux normes de certification internationales. Plus précisément, ces deux systèmes de suivi de trajectoire ont subi des essais en soufflerie tels que des analyses dynamiques et d'instabilité aéroélastique, tout en tenant compte des pertes liées à l'effet vortex. Ainsi, ces innovations peuvent aider Arctech Solar à assurer la qualité du système de suivi de trajectoire et fournir une base stable en tant que partenaire fiable pour les investisseurs internationaux.

Arctech prévoit de présenter ses principaux produits lors de salons professionnels partout dans le monde en 2019 et plus tard dans le cadre de sa mission continue consistant à apporter au monde une énergie propre.

À propos d'Arctech Solar

Arctech Solar est l'un des plus grands fabricants et fournisseurs de solutions de suivi de trajectoire solaire et de fixation au monde. Au cours de la dernière décennie, Arctech Solar a mis en place avec succès à l'étranger des filiales et des centres de service aux États-Unis, en Inde, au Japon, en Espagne, au Mexique et en Australie. À la fin de l'année 2018, nous avons installé une capacité totale de 19 GW et achevé 900 projets dans 24 pays. À présent, Arctech Solar est un partenaire fiable sur le marché mondial du suivi de trajectoire photovoltaïque et de fixation. Pour plus d'informations, rendez-vous sur www.arctechsolar.com.

Pour toute demande provenant des médias, veuillez contacter :

Lisa Zhou
Téléphone : +86-18918888669
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Related Links

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SOURCE Arctech Solar

Read more: Arctech Solar conserve sa position dans le top 4...

LOS GATOS, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., pioneer of the smart modular Flex MLPE, today announced the new Underwriter Laboratories (UL) certification of its TS4 Platform Rapid Shutdown Systems (RSS) with CPS, a North American renowned smart energy solution provider. The CPS inverters listed below were successfully certified with Tigo’s RSS solutions: TS4-F (Fire Safety), TS4-O (Optimization), and TS4-L (Long Strings). Tigo is currently compatible and available with CPS and more tier one certified inverter manufacturing partners throughout the U.S. Contact Tigo about more RSS information for integrated or retrofitted PV installations.

This UL certification is part of Tigo’s multivendor initiative providing customers with the advantages of reliable, safe, and cost-effective solutions. The use of Tigo smart modules and high-efficiency inverters allows design flexibility for installers to comply with National Electric Code (NEC) 2017 690.12 RSS regulations. Tigo has also been internationally recognized as the only module-level power electronic vendor with UL-certified RSS with multiple PV module manufacturers. To learn more about Tigo’s RSS solutions, join Tigo’s online NABCEP-accredited trainings.

The following CPS inverters are newly UL listed as Rapid Shutdown Systems with Tigo’s TS4 units:

TS4-F (Fire Safety)

The most cost-effective RSS solution with SunSpec-defined power-line communication.

  • CPS SCA36KTL
  • CPS SCA50KTL with firmware 9.0 or later
  • CPS SCA60KTL with firmware 9.0 or later

TS4-O (Optimization) and TS4-L (Long Strings)

The only certified multi-vendor RSS solutions on the market are module-level monitored and include additional features like optimization or long string designs.

  • CPS SCA36KTL
  • CPS SCA50KTL with firmware 9.0 or later
  • CPS SCA60KTL with firmware 9.0 or later

Tigo is currently taking orders - for price and delivery of RSS UL-certified TS4 products, contact +1.408.402.0802 ext. 1, This email address is being protected from spambots. You need JavaScript enabled to view it., or consult your preferred solar distributor. For more information about CPS inverters, visit https://www.chintpowersystems.com.

About CPS America

CPS, Chint Power Systems, is a subsidiary of the Chint Group. CPS America was founded in Texas in 2009 and its operating headquarters is in Pomona, California. CPS is the USA market leader for 3-phase string inverters with well over 2GW shipped in America. Texas continues to be the service and support center for North America, while fulfillment operations are in Pomona. CPS has a team of service, sales, operations and applications engineers distributed across North America. CPS America is a subsidiary of Chint Power Systems, a global inverter business with 10GW installed worldwide. www.chintpowersystems.com

About Tigo Energy, Inc.

Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semiconductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, Europe, Latin America, Japan, China, Australia, and the Middle East. Visit www.tigoenergy.com.

Read more: Chint Power Systems PV Inverters Provide Rapid...

GREENWICH, Conn., April 17, 2019 /PRNewswire/ -- Altus Power America, Inc. ("Altus Power") has completed the acquisition of a multistate operating portfolio of ground-mounted solar assets. The 19 megawatt (MW) DC portfolio of solar energy systems sell clean, renewable energy to offtakers ranging from regional and national utilities to various municipalities in Massachusetts, North Carolina and New Mexico. Altus acquired the portfolio from a lender through a private foreclosure sale.  

Managing Partner of Altus Power, Gregg Felton, said, "For the past several years, Altus Power has been focused on acquiring operating solar projects from a diverse set of asset owners, often with significant and unique structuring requirements. We are delighted to have successfully partnered with a lender, whose borrower was in default, in order to acquire this portfolio. Over the past several years, Altus Power has acquired 54 discrete projects in nine separate transactions."  Elaine Charlebois, Senior Associate of Altus Power added, "This transaction once again demonstrates Altus Power's structuring expertise and willingness to acquire complex portfolios of solar assets."

Together, the ten solar projects generate approximately 27 million kilowatt hours (kWh) of electricity (and 27,000 renewable energy credits) annually, enough energy to power the equivalent of 3,300 homes.  Altus Power owns and manages 165 MW of solar PV assets across 14 states. 

About Altus Power America

Altus Power America, Inc. is a Greenwich, Connecticut-based company that invests in, owns and operates clean energy projects that provide renewable energy and solar savings to commercial and public sector clients.  Altus is funded by Goldman Sachs, Global Atlantic Financial Group and FS Investments. Visit www.altuspower.com to learn more.

Media: Contact Altus Power at 203.698.0090 or This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Altus Power America, Inc.

Related Links

http://www.altuspower.com

Read more: Altus Power Acquires 19 MW Operating Solar...

Arctech Solar belegte damit im dritten Jahr in Folge einen Spitzenplatz und konnte laut dem Bericht 2018 nach ausgelieferten Megawatt 9 % des Weltmarkts für PV-Nachführsysteme für sich verbuchen, ein kontinuierliches Wachstum von 6 % in 2017. Darüber hinaus verdoppelte Arctech Solar sein historisches Volumen an weltweit ausgelieferten PV-Nachführsystemen gegenüber dem Vorjahr.

Neben seinem Spitzenplatz in der Asien-Pazifik-Region war Arctech Solar auch in anderen Regionen enorm erfolgreich und belegte beispielsweise in Australien zum ersten Mal den dritten Platz. In Mexiko, Brasilien, Spanien, Lateinamerika und Europa ist es unter den 10 führenden Anbietern. Diesen Erfolg verdankt Arctech Solar in erster Linie seiner 2018 verfolgten Marktexpansionsstrategie in diesen wachstumsstarken Solarmärkten.

„Diese Zahlen sind ein bedeutender Meilenstein für Arctech und unterstreichen unsere Wettbewerbsposition auf dem Markt für PV-Nachführsysteme", sagte Guy Rong, President International Business bei Arctech Solar. „Wir sind stolz auf die Anerkennung als einer der Marktführer im dritten Jahr in Folge und sehen dadurch unsere globale Strategie und unermüdliche Verpflichtung zu Innovation und Service bestätigt."

Arctech Solar verteidigte ebenfalls seine Führungsposition auf der Liste der gesamten historischen Solar-PV-Lieferungen (einschließlich fest ausgerichteter und Nachführsysteme) im dritten Jahr in Folge mit einem kumulativen Rekord von 18,827 GW.

Dieses beeindruckende Wachstum geht auf die Internationalisierungsstrategie des Unternehmens und seine hohen Standards bei Innovation, Umsetzung und Kundenservice zurück. Arctech Solar verfolgt seit 2013 seine Weltmarktstrategie und hat bereits auf vier Kontinenten Fuß gefasst. Durch seine Expertise und Kenntnis der lokalen Standards in mehr als 20 Ländern ist das Unternehmen in der Lage, maßgeschneiderte Lösungen anzubieten.

Neben der Verstärkung seiner internationalen Präsenz entwickelt Arctech Solar unermüdlich bahnbrechende Technologien, darunter das neue Skyline-Torsionsrohr und das weltweit führende Nachführsystem SkySmart. Diese Innovationen sind zuverlässig und erfüllen internationale Zertifizierungsstandards; zu ihren Vorteilen zählen höhere Energieeffizienz sowie Einsparungen bei Installations- und Wartungskosten. Diese beiden Nachführsysteme wurden im Windkanal unter Berücksichtigung des Wirbelablösungseffekts getestet und beispielsweise einer dynamischen und aeroelastische Instabilitätsanalyse unterzogen. Auf diese Weise sichert Arctech Solar die Qualität des Nachführsystems und liefert ein stabiles Grundgerüst als Partner für internationale Investoren.

Arctech will 2019 und darüber hinaus seine wichtigsten Produkte auf Messen in aller Welt präsentieren und so sein Ziel voranbringen, die Welt mit sauberer Energie zu versorgen.

Informationen zu Arctech Solar

Arctech Solar ist einer der weltweit führenden Hersteller und Lösungsanbieter im Bereich Sonnennachführ- und zugehörige Trägersysteme. In den vergangenen zehn Jahren hat Arctech Solar erfolgreich Tochtergesellschaften und Servicezentren im Ausland aufgebaut, beispielsweise in den USA, Indien, Japan, Spanien, Mexiko und Australien. Bis einschließlich 2018 hat Arctech Solar Anlagen mit einer Gesamtkapazität von 19 GW installiert und 900 Projekte in 24 Ländern durchgeführt. Arctech Solar hat sich als zuverlässiger Partner im weltweiten Markt für PV-Nachführ- und -Trägersysteme positioniert. Weitere Informationen finden Sie unter www.arctechsolar.com.

Kontakt für Presseanfragen:

Lisa Zhou
Tel.: +86-18918888669
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Foto - https://mma.prnewswire.com/media/872503/Global_solar_PV.jpg

Related Links

http://www.arctechsolar.com

SOURCE Arctech Solar

Read more: Arctech Solar verteidigt 4. Spitzenplatz, baut...

HOLYOKE, Mass., April 17, 2019 /PRNewswire/ -- PeoplesBank has issued its 2019 annual Corporate Green Report in recognition of Earth Day 2019. Through its green values and actions to support environmental sustainability, PeoplesBank believes that it can help make the region a healthier place to live, work, and raise a family. The bank puts these values to work throughout the year through its charitable donations, volunteerism, support of green energy projects and construction of LEED® certified offices.

"As a mutual bank, we are focused on our values of Innovation, Community Support, Environmental Sustainability, and Employee Engagement," noted Tom Senecal, President and CEO of PeoplesBank. "Environmental sustainability is really the meeting place of all those other values. It is a way we can be innovative, support the community and engage our associates in a way that is meaningful."

"A business' responsibility is to try and influence their communities towards being more sustainable," explained Philippe Michaud, a Loan Service Associate at PeoplesBank and Co-chair of its Environmental Committee. "The environment is a core belief that is built into the fabric of our organization. That goes a long way toward what we do in the community."

Community banks, like PeoplesBank, are not generally known for building green offices, but PeoplesBank has a LEED Gold-certified office in Northampton, a LEED Gold-certified office in West Springfield, and a LEED Silver-certified office in Springfield. The LEED-certified office in Springfield, the first of its kind in the city, won a GreenSeal from the city of Springfield.

The bank's newest branch in Holyoke, Massachusetts will also seek LEED certification once construction has finished. Pursuing that objective means that the new branch will be constructed and operated as a green building. Some of the highlights include:

  • Reuse of a portion of the existing Yankee Pedlar building (the Historic Hildreth House).
  • Reduction rainwater runoff on the site and use of landscaping that requires no irrigation.
  • Use of low flow water fixtures and high efficiency HVAC.
  • Use of building materials that have low or zero volatile organic compounds and are sourced locally where possible.
  • The exterior wall is highly efficient and allows for the flow of air vapor in two directions, meaning the wall will "breathe" throughout the year, leading to a cleaner indoor environment.

Three PeoplesBank offices (Northampton, West Springfield and Holyoke 330 Whitney Avenue) have electric vehicle (EV) charging stations. The bank is also launching a "Choose to Reuse" campaign designed to eliminate the use of disposable paper products internally.

During the past year, PeoplesBank was recognized by Independent Banker magazine for its environmental sustainability efforts and, for the fifth year in a row, the bank was voted "Best Local Green Business" by the Daily Hampshire Gazette readers. The PeoplesBank is also a past recipient of the Sustainable Business of the Year award and the Associated Industries of Massachusetts' Sustainability Award.

Over the course of the last year, PeoplesBank provided more than $58,000 in support for green initiatives in western Massachusetts including:

  • A mobile farmers' market that travels to underserved/food desert areas of Springfield and surrounding communities.
  • The Community Involved in Sustaining Agriculture (CISA) Food for All campaign.
  • The Center for EcoTechnology's "Eco Fellows" and support of over a hundred community education events.
  • The Source to Sea Cleanup of the Connecticut River which also includes hands-on participation by a team of volunteers from the bank.
  • The Mount Holyoke Wetlands Restoration Project, conducted by Restoration Ecology Summer Scholars.
  • Scientific environmental education at the Hitchcock Center for the Environment.
  • ValleyBike Share, the region's new bike-sharing program.

PeoplesBank is also a longtime leader in sustainable energy financing, and the bank's commercial lenders are recognized for their expertise in creating financing packages for green energy power generation. To date, the bank has financed more than $183 million in wind, solar, and hydroelectric power generation projects, an increase of $17 million in just one year.

In celebration of Earth Day, PeoplesBank will give away tomato plants and garden seeds to the public on Monday, April 22, from 10 a.m. to 1:00 p.m. at three locations: http://bit.ly/Earth19

About: PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Our three LEED® certified offices are environmentally friendly, and we have financed $183 million in wind, hydroelectric, and solar energy projects.

As the largest community bank in the market, we have a unique ability to help the communities we serve through volunteer efforts and millions of dollars in donations to charitable and civic causes. Our associates devote an average of 10,000 hours to volunteer work each year, and 48 of the bank's officers serve on the boards of directors and committees of 115 nonprofit organizations in the area.

PeoplesBank is a mutual bank and therefore responsible to our depositors, employees, and the community. This organizational structure allows us to focus on the long-term viability of the bank and the best interests of our customers. We currently have 20 banking centers located in Massachusetts, as well as four banking centers in Connecticut operating as First Suffield Bank, a division of PeoplesBank.

Media Contact
GCAi for PeoplesBank
Darcy Fortune, 413.736.2245
This email address is being protected from spambots. You need JavaScript enabled to view it.  

SOURCE PeoplesBank

Read more: PeoplesBank Issues 2019 Corporate Green Report

Each year, EPA'S ENERGY STAR program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior cost-saving energy efficiency achievements. ENERGY STAR Award Winners lead their industries in the production and sale of energy-efficient products and services, and in the development and adoption of strategies that provide substantial savings in the buildings where we live and work.

Elevation serves thousands of homeowners looking to make their homes more efficient and comfortable. "Our mission is to elevate the home energy experience for our customers and their families," said Clayton Andersen, CEO of Elevation. "We're grateful for the ENERGY STAR program and to be recognized with this award."

About ENERGY STAR:
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Since 1992, ENERGY STAR and its partners helped save American families and businesses nearly 4 trillion kilowatt-hours of electricity and achieve over 3 billion metric tons of greenhouse gas reductions, equivalent to taking over 600 million cars off the road for a year.

About Elevation:
Headquartered in Arizona, Elevation Solar LLC is a fully integrated residential energy solutions company providing solar, energy efficiency and smart energy management technology to customers across multiple states in the Southwest and beyond. Elevation's aim is to help individuals reduce occupancy costs and increase value in their homes through solar ownership and energy management technology. By consistently delivering high quality solutions to our customers, protecting our employees through safe and ethical business practices, and serving our communities, we fulfill our company mantra: to Elevate the world we live in.

SOURCE Elevation Solar

Related Links

elevationsolar.com

Read more: Elevation Solar Awarded ENERGY STAR Contractor...

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