Market Chatter: Towngas' Launches Energy-as-a-Service Model in Shenzhen Automobile Plant

MT Newswires Live

2024/09/16

Towngas Smart Energy (HKG:1083) completed a bespoke energy facility for an automobile plant in Shenzhen using its energy-as-a-service model, The Standard reported Monday.

The facility is seen to produce 8.8 million kilowatt-hours of green power and help save up to 2 million yuan in electricity costs.

The project comprises solar panels on the 75,000-square-meter rooftop, an energy storage facility for excess solar power, and a virtual power plant that analyzes electricity usage data, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $2.79, Change: $-0.0100, Percent Change: -0.36%

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