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Global clean energy solutions provider expands in US with Houston-area location

The move expands Sineng Electric's presence in the U.S. clean energy sector. Photo courtesy of Sineng

Solar and energy storage solutions company Sineng Electric has expanded its U.S operations by officially opening its North America Service Center in Katy, Texas. The move is meant to help expand its presence in the U.S. clean energy sector.

The Fulshear facility will function as a “one-stop service hub” that will encompass office space, a technical support center, and warehouse. The space will also have opportunities for collaborative project planning, operations and maintenance (O&M) training, and real-time technical support.

"With its abundant solar resources, robust energy infrastructure, and spirit of innovation, Texas - particularly the Houston area - is poised to lead America's renewable energy revolution,” Fulshear Mayor Don McCoy says in a news release. “We enthusiastically welcome Sineng Electric to our vibrant community, confident in their ability to help shape a future that is brighter, greener, and full of possibilities.”

At the inauguration ceremony event, Sineng's technical team also introduced its solar and energy storage solutions, which included the 400kW string PCS. The400kW string PCS is tasked to help reduce initial costs while enhancing operational simplicity, and overall efficiency.

"As the United States accelerates its shift towards renewable energy to meet ambitious net-zero targets, the demand for advanced solar and energy storage solutions is surging," adds Viktor Duan, vice chairman and co-founder of Sineng Electric. "In response, Sineng has strategically established its new service center to provide on-the-ground expertise, responsive local customer service, and cutting-edge solutions to scale up the adoption of sustainable energy across the country."

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A View From HETI

Houston American Energy Corp. has acquired Abundia Global Impact Group, which converts plastic and certified biomass waste into high-quality renewable fuels. Photo via Getty Images.

Renewable energy company Houston American Energy Corp. (NYSE: HUSA) has acquired Abundia Global Impact Group, according to a news release.

Houston American reports that the acquisition will allow it to create a combined company focused on converting waste plastics into high-value, drop-in, low-carbon fuels and chemical products. It plans to move forward with Abundia’s plans for developing large-scale recycling projects, with a new facility previously announced for the Gulf Coast, located in Cedar Port Industrial Park, near the Baytown area of Houston.

New York-based Abundia used its proprietary pyrolysis process to convert plastic and certified biomass waste into high-quality renewable fuels. Its founder, Ed Gillespie, will serve as CEO of the combined company and will join HUSA’s board of directors. Peter Longo, who previously served as HUSA's CEO, will serve as chairman of the board. Lucie Harwood was named CFO and Joseph Gasik will serve as COO.

“The completion of this acquisition represents a pivotal transformation for HUSA,” Longo said in a news release. “Abundia has a commercially ready solution for converting waste into valuable fuels and chemicals, with a backlog of development opportunities utilizing proprietary technologies and key industry partnerships. This transaction gives HUSA shareholders a ready-made platform and project pipeline for future value generation as the fuel and chemical industries accelerate their adoption of low-carbon solutions and sustainable aviation fuel.”

The combined company plans to serve what it estimates is a multi-billion-dollar global demand for renewable fuels, Sustainable Aviation Fuel (SAF) and recycled chemical feedstocks, according to the news release.

“This is a landmark moment for Abundia and a major step forward for the renewable industry,” Gillespie added in the release. “Joining forces with HUSA and entering the public capital markets positions us to accelerate growth, scale our technology and expand our influence within the renewable and recycling industries. I am proud of the hard work and determination of both the AGIG and HUSA teams to finalize this transaction. We look forward to delivering shareholder value and critical technologies to reduce carbon emissions.”

Houston American Energy announced the deal in March. The company also closed a $4.42 million registered direct offering in January.

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