NINGBO, China, May 8, 2024 /PRNewswire/ — Risen Energy Co., Ltd. (“the Company”), a globally leading manufacturer of high-performance solar photovoltaic products, has announced its outstanding financial results for 2023, demonstrating significant growth and technological advancements in the solar industry.

According to its latest annual report, in 2023, Risen Energy clocked up approximately 35.33 billion RMB (US$4.87 billion) in revenue, up 20.22% year-on-year. The Company’s net profit after deduction of non-recurring profits or losses rose to 1.58 billion RMB (US$218 million) in 2023, marking a 55.77% year-over-year increase. Risen Energy’s net assets attributable to equity holders expanded by 62.47% to reach 15.2 billion RMB (US$2.09 billion) in 2023.

Risen Energy has achieved various significant milestones over the last year. Here are a few highlights:

• Technological achievements:
  • Risen Energy has made significant strides in n-type technology and large-size high-efficiency module technologies. The Company set a new record efficiency rate of 23.9% for its heterojunction (HJT) Hyper-ion Modules in 2023, with a projected production capacity of 21GW by 2024. Risen Energy’s innovations include the development of 0BB cell technology, 210 ultra-thin silicon wafer technology, pure silver consumption＜7mg/W and Hyper-Link technology. The Company was the first in the industry to put such technological breakthroughs into mass production.
  • In 2023, Risen Energy obtained multiple international certifications, including the first TÜV SÜD global certificate for 210 HJT high-efficiency ultra-thin modules.
  • Also in 2023, Risen Energy developed and owned 740 patent technologies, with 172 new patents authorized during the year.
  • The Company published several whitepapers as it continued to lead the industry. In August 2023, Risen Energy released its highly-anticipated research paper “Development and Application of Low-silver Metallization Paste,” and in December, the Company published “Development and Industrial Application of Ultra-thin Silicon Wafers” — setting strong benchmarks for the industry.
• Product Applications:
  • For residential and C&I rooftops, Risen Energy’s Super Energy Series products have shown superior performance and installation convenience. Such products strengthened the Company’s position in technological innovation and industrial application.
• Energy Storage:
  • Risen Energy also stood out in the field of energy storage. Leveraging its dual-energy storage industrialization platform and its professional research and development team, the Company has achieved full-stack self-development and closed-loop management of “3S” (BMS/PCS/EMS) technologies. Risen Energy’s independently developed liquid-cooled battery energy storage system was the first in China to be certified by both Chinese and American UL9540A standards.
• Environmental, Social, and Governance (ESG):
  • In Risen Energy’s latest ESG report, the Company noted that it has obtained the SA8000 certification. Risen Energy has increased its clean energy usage to 31,320,210 kWh, up 9.4% year-on-year. It has also purchased 6,424,000 kWh of green electricity, and set a new low in the French carbon footprint certification at 376.5 kg eq CO2/kWc — thanks to the Company’s HJT module product.

About Risen Energy

Risen Energy, established in 1986 and publicly listed in 2010, is a global Tier 1, “AAA” credit-rated solar photovoltaic product manufacturer and power generation solutions provider. Renowned for techno-commercial innovation, top-quality products, and strong support, the Company’s Solar PV solutions are powerful and cost-effective.

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SINGAPORE, May 8, 2024 /PRNewswire/ — The leading digital assets exchange HTX has collaborated with Astar Network, a blockchain that aims to become Polkadot’s “smart contract hub” and serves as a parachain for Polkadot, in support of its newly launched “TGE Catalyst Grant. This initiative marks a significant step forward in fostering innovation within the blockchain ecosystem, particularly through the Astar zkEVM platform.

The TGE Catalyst Grant is designed to empower emerging projects preparing for their Token Generation Events (TGE) on Astar’s zkEVM. This groundbreaking program provides a holistic support package that includes financial assistance, strategic collaboration with key opinion leaders, and robust marketing campaigns, all aimed at ensuring successful token launches.

“As an active participant in the blockchain sector, HTX is committed to supporting transformative projects that drive the industry forward. Our collaboration with Astar Network through the TGE Catalyst Grant underscores our HTX Ventures’ dedication to nurturing innovation and providing comprehensive market support from the outset,” said Edward, Managing Partner of HTX Ventures. “We are excited to work alongside Astar Network and other leading exchanges to facilitate a new generation of token projects, ensuring they have the tools and support needed to succeed.”

HTX Ventures, the global investment arm of the HTX, has been an investor in Astar Network since 2021, demonstrating a long-term commitment to the growth and success of Astar’s platform and its associated projects.

“We are deeply grateful for the support from HTX and their belief in our vision to expand the frontiers of blockchain technology.” said Astar Network, “This collaboration through the TGE Catalyst Grant not only accelerates our mission at Astar Network but also cultivates significant synergies that will enhance our joint efforts to drive global blockchain innovation. We are excited about the future and look forward to working together to bring about transformative impacts within the ecosystem.”

Key features of the TGE Catalyst Grant include:

• Strategic CEX Collaboration: Streamlining the listing process and boosting market momentum through collaborations with top CEXs including HTX.
• Unique Marketing and KOL Alliances: Utilizing Astar’s “SAMURAI Support” marketing framework to enhance project visibility and engagement within the Web3 community.
• Listing Acceleration Package: Offering financial support for marketing and promotional activities on CEXs, alongside liquidity advisory services and audit support to ensure project readiness and security.

HTX’s involvement in the TGE Catalyst Grant not only strengthens its portfolio of innovative blockchain services but also enhances its role as a catalyst in the decentralized finance (DeFi) landscape.

About HTX:

Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.

Contact Details

Michael Wang
[email protected]

Company Website
https://www.htx.com/

About Astar:

Astar Network is the gateway for projects across enterprises, entertainment & gaming in Japan and beyond, driving global adoption and delivering web3 to billions. It leverages a cross-virtual machine powered by Polygon and Polkadot to offer customizable blockchain solutions that accelerate web3 adoption. With zk-powered Ethereum L2 Scaling (zkEVM), EVM, WASM, and a cutting-edge ecosystem, Astar delivers robust, secure, and interoperable web3 technology.

Astar zkEVM is the new Layer-2 solution to scale a web3 experience on Ethereum with zero knowledge (ZK) technology. Astar Network connects you to web3.

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NEW YORK, May 8, 2024 /PRNewswire/ — Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, has acquired Intricity, a leading provider of data strategy, governance, modernization, and monetization solutions. The acquisition deepens Ness’s data offerings, which global F1000 clients have utilized to create new revenue streams and improve operating efficiencies.

“Ness has always had a strong capability in data engineering, and the acquisition of Intricity brings the data strategy and advisory capability. Furthermore, Ness will build on Intricity’s strategic alliances with Snowflake and Databricks,” said Ranjit Tinaikar, CEO, Ness Digital Engineering. “We are excited to welcome Intricity’s talented team to Ness, combining our strengths to deliver even greater value to our clients.”

Intricity brings deep expertise in handling complex data modernization and monetization problems that are the heart of any digital transformation today.

“Joining Ness, backed by KKR, presents an exciting opportunity to accelerate our growth trajectory worldwide. We are excited to leverage Ness’s global presence, digital competencies, and deep industry expertise to deliver digital transformation solutions to a wider range of clients,” said Arkady Kleyner, Principal & Co-Founder, Intricity. “Together, we are well-positioned to drive meaningful business outcomes and accelerate innovation for our clients.”

Commenting on the acquisition, Troy Clemente, Principal & Co-Founder, Intricity, added, “We have successfully established ourselves as experts covering the entire information lifecycle, and by joining Ness, we can accelerate our combined clients’ AI journeys based on modern data infrastructures.”

Zinnov acted as financial advisor to Ness Digital Engineering. 

For more information:
Tanaya Misra, Global Head – PR & Communications
[email protected] 

About Ness Digital Engineering

Ness Digital Engineering, which funds managed by global investment firm KKR acquired in 2022, is a full-lifecycle digital engineering firm offering digital advisory through scaled engineering services. Headquartered in New York, Ness serves our customers across 11 innovation hubs in the US, Eastern Europe, and India. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. For more information, visit www.ness.com. 

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