TAMPERE, Finland, July 03, 2025 (GLOBE NEWSWIRE) -- The energy storage facility delivered by Merus Power to Lappeenranta, Finland, has been completed and put into market use on 15 May 2025. The energy storage facility is owned by a joint venture between Ardian’s Clean Energy Evergreen Fund and the local energy provider Lappeenrannan Energia. It is one of the largest energy storage facilities in use on the Finnish electricity market with an output of approximately 38 megawatts and energy of 43 megawatt hours. The completion of the project is significant for Merus Power, as it is the largest energy storage facility manufactured by the company.
TAMPERE, Finlandia, July 03, 2025 (GLOBE NEWSWIRE) -- Magazyn energii budowany przez firmę Merus Power w Lappeenranta w Finlandii został ukończony i przekazany do eksploatacji komercyjnej 15 maja 2025 roku. Właścicielem magazynu energii jest spółka joint venture tworzona przez fundusz Ardian Clean Energy Evergreen Fund i lokalnego dostawcę energii Lappeenrannan Energia. To jeden z największych magazynów energii działających na fińskim rynku energetycznym, dysponujący pojemnością 38 MW / 43 MWh. Ukończenie projektu ma duże znaczenie dla firmy Merus Power, ponieważ jest to największy zbudowany przez nią obiekt tego typu.
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JINHUA, CHINA, June 12, 2025 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (“Kandi” or the “Company”), long renowned as a leader in all-electric personal transportation and utility vehicles, today announced a strategic collaboration with Hangzhou Yunshenchu Technology Co., Ltd. (“DEEP Robotics”), a leader in embodied AI technology innovation and application. In response to the smart-manufacturing revolution and ongoing industry digitization — and building on years of expertise in the global off-road vehicle market — Kandi is accelerating its evolution into a platform enterprise anchored by intelligent-equipment manufacturing. Kandi’s strategy is to use its stable cashflow businesses to incubate new high growth business units that leverage technology innovation and global supply-chain excellence.