Imergy Power Systems and Juno Capital Group Sign 2-Year Exclusive Agreement; Companies Prepare to Deliver Green Base Stations for the China Telecom Market
FREMONT, CA--(Marketwired - September 28, 2015) - Imergy Power Systems, a pioneer in advanced energy storage, and Juno Capital Group today announced a 2-year exclusive partnership under which the two companies will prepare to provide China's telecommunications market with consistent availability of cleaner, affordable energy. As part of the Agreement, Juno will work to facilitate Imergy's energy storage systems for a pilot program that will precede wide-scale deployment.
Juno will integrate Imergy's Energy Storage Platform with renewable energy solutions into off- and weak-grid telecommunications installations across China that are currently supported by diesel based generation for their power requirements. This will enable Juno to help drive more cost-effective renewable solutions into China's telecommunications industry during the project's first phase. Future phases would include expansion into distributed energy storage applications for different industries.
"Juno is uniquely qualified to address the demands of China's telecom market, and we are very pleased to be working with them in support of the country's transition to cleaner energy solutions," said Imergy's CEO Bill Watkins. "As China continues to consolidate and broaden its power infrastructure to meet the changing mix of renewable and conventional generation, Imergy is pleased to deliver a high quality, reliable power supply to meet the needs of the telecommunication industry in a cost-effective and sustainable way."
About Juno Capital Group
Juno Capital Group is an investment company based in Beijing Shanghai Shenzhen. Juno business scope cover fund management, asset management, M&A, private equity and venture capital specialized in clean technology, renewable energy, energy efficiency, waste utilization and sustainable development sector. Juno Capital specialize in bringing financing via Juno Cleantech Fund and strategic development of cutting-edge clean technology to the Chinese market and assisting the Cleantech partner to establish a strong strategic foothold in the Chinese market.
About Imergy Power Systems
Imergy Power Systems is a leader in stationary energy storage solutions using innovative flow battery technology. Its proven Energy Storage Platform (ESP) provides a total solution to reduce energy cost and optimize renewable power generation while improving overall power reliability. Imergy Power Systems is headquartered in Fremont, California, USA, with additional operations in Europe, Asia, and the Americas. The Company's investors include venture capital firms NEA, Technology Partners, and Blue Run. For more information about the company, please visit www.imergy.com or follow us on Twitter.
Source: Marketwired (Canada)
(September 28, 2015 - 6:00 AM EDT)
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