Acta signs Chinese Distribution Partnership
Acta S.p.A (AIM:ACTA), the clean energy products company, is pleased to announce that it has signed a non-exclusive distribution agreement for the Chinese back-up power and energy storage markets. The agreement has been signed with the Shanghai-based company, Shanghai Sunwise Energy Systems Co. Ltd (“Sunwise”).
Sunwise is a leading supplier of hydrogen energy systems and distributed energy systems and equipment for the Chinese market. Sunwise’s main business includes hydrogen supply and storage systems for industrial applications and for transportation, hydrogen station design and engineering services, along with distributed energy power plant development. Sunwise has also developed China’s first local language Hydrogen Energy website (www.china-hydrogen.org), providing the industry with the latest news and information about the hydrogen economy.
Through its new partnership with Sunwise, Acta intends to strengthen its distribution of itselectrolysers and the Acta Power self-recharging back-up power system into the Chinese market. China has the world’s most rapidly growing mobile network, yet faces the challenges of not having an integrated national electricity grid system, so Acta’s products should be invaluable to mobile operators seeking to develop an off-grid mobile network. Currently around 20,000 new telecom base stations are installed per year in China, with a large potential and growing interest in the adoption of fuel cell systems due to their cost and service advantages compared to batteries and diesel generators. Sunwise believes there is also great potential for Acta’s products for various applications including banking, utilities, and hydrogen generation for transportation and industrial applications.
Sunwise will be exhibiting Acta’s products in Shanghai at the 2013 World Hydrogen Technologies Convention (www.whtc2013.com) from 25 to 28 September 2013. The conference has a focus on hydrogen infrastructure and Acta will be making a public presentation about how its unique technology allows it to offer a low-cost, logistics-free, efficient, off-grid solution for renewable energy storage and telecom back-up power.
Acta’s Chief Executive, Paolo Bert, commented:
‘We are very pleased to have Sunwise as our partner in China. We have received many enquiries for our products in China and we look forward to being able to exploit commercially this enormous and difficult market thanks to the great experience Sunwise has gained in the Chinese hydrogen market.’
Sunwise’s General Manager, Gao Dingyun, commented:
‘We look forward to promoting Acta’s unique technology in China. We see this low-cost technology contributing to the hydrogen economy here in China across various markets and applications.’
For further information please contact:
|Acta S.p.APaul Barritt, Chief Financial Officer||Tel: +39 050 644281www.actagroup.it|
|Altium Capital (Nominated Advisor)Adrian Reed / Dom Orsini||Tel: +44 (0)845 505 4343|
|Cantor Fitzgerald Europe (Broker)Mark Percy / David Banks||Tel: +44 (0)20 7894 7000|
|Abchurch Communications LimitedJanine Brewis / Shabnam Bashir / Jamie Hooper||Tel: +44 20 7398 7707www.abchurch-group.com|
Acta S.p.A. is a developer and manufacturer of a range of clean energy products. Based on its world-leading expertise in alkaline membrane technology, the Company has developed a unique range of low-cost, compact hydrogen generators (electrolysers) which produce pure, dry compressed hydrogen at high efficiency from renewable or grid power.
In April 2013 Acta launched the Acta Power, an integrated electrolyser and fuel cell system for use in back-up power and renewable energy storage applications. Best understood as a “Hydrogen Battery”, the system converts energy from renewable or grid power when it is available and stores it in the form of hydrogen, and then converts the hydrogen back to electrical power when needed due to grid black-out or lack of solar / wind power.
This system has extensive application as a back-up power unit for telecommunications base stations, where it competes on cost against traditional battery and diesel solutions while offering a cleaner solution and better service. In particular the generation of hydrogen on site removes the cost and logistical barriers of fuel delivery, while also avoiding the theft risk associated with diesel, methanol and battery systems.
The supply of fuel cell back-up power systems for telecommunications base stations represents a large and fast-growing market, especially in extensively bad-grid and off-grid locations such as in Asia and Africa. Battery sales to the Chinese telecoms industry are currently valued at $4.7 bn to $7.8 bn per annum (Fuel Cell Today, China).
Acta holds a portfolio of patents and patent applications on its key technologies, manufactures its products through a combination of production, component subcontracting, and final product assembly and quality control, and has established distribution channels through partnerships in China, India, SE Asia, Australia, Africa, Middle East, Germany, UK, USA and South America.
Acta S.p.A. is based near Pisa, Italy, and was admitted to trading on AIM in October 2005.
Shanghai Sunwise Energy Systems Co., Ltd was established in 2004, dedicating to the development and promotion of hydrogen energy and distributed energy technologies. The company’s main businesses include hydrogen storage/supply systems, hydrogen stationdesign/engineering servicesand distributed energy power plant development. Sunwise alsoestablished China’s first official national Hydrogen Energy website (www.china-hydrogen.org), providing the industry with the latest news and information.
Sunwise has built four hydrogen stations and six mobile refuelers for fuel cell vehicles, and completed over 30,000 refuelings for the Beijing Olympic Games, Shanghai World Expo,Guangzhou Asian Gamesand Shenzhen Universidad. Sunwise’s hydrogen storage, pressurize and supply system has also been widely used in fuel cell vehicles, back-up power, mobile generator and other special applications. With almost ten years development, Sunwise has become a leading high pressure hydrogen total solution provider in China.