|
|
|
|
|
-
Friday, April 18, 2025
8:03:55 AM HKT
|
|
|
|
|
| Monday, 4 March 2019, 16:00 HKT/SGT | |
| |
|
|
|
HONG KONG, Mar 4, 2019 - (ACN Newswire) - Mitsui & Co., Ltd. ("Mitsui"), GCL-Poly Energy Holdings Limited ("GCL-Poly") and eVolution Networks (now part of eVolution Innovation Group,) today announced the establishment of a joint venture company named Evolution Energy Limited ("eVolution Energy") to redefine AI technology for Power Grids infrastructure with aim to improve the grid loss and performance.
eVolution's AI algorithms collects massive data from grid elements to learn their patterns and predict real-time demand, in order to optimize equipment usage and reduce gird loss. This advanced learning will reshape the way the grid operates and provide power companies a giant leap into the future with massive CAPEX and OPEX cost reduction.
"There's huge potential for AI technology to predict and optimize the grid performance. Utility companies will be able to transform from the long-standing manual managed to sophisticated, agile and green operation." said Roy Morad, CEO of eVolution Innovation Group.
"We are very excited to be joining hands with eVolution to expand the reach of Mitsui's innovative energy business. All partners contribute a globally recognized reputation in their respective areas to innovate next generation of grid infrastructure" said Daisetsu Sakai, General Manager of First Department, First Projects Development Division, Infrastructure Projects Business Unit of Mitsui.
"As a strong believer of eVolution's AI solutions, we are very happy to jointly establish eVolution Energy. We are also very happy to bring our partner Mitsui, together with whom we will contribute to the growth of eVolution Energy as strategic investors by leveraging our resources and market access in China, Japan, and South East Asia", said Donglei Yan, Investment Managing Director of GCL-Poly.
Topic: Press release summary
Sectors: Energy, Alternatives, Alternative Energy
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Announcing Zion Shores
Apr 18, 2025 08:00 HKT/SGT
|
|
|
Global Logistics Industry Revolution, Reitar Logtech Launches the First Humanoid Logistics Robot 
Apr 17, 2025 22:44 HKT/SGT
|
|
|
InnoEX and Spring Electronics Fair attract some 88,000 global buyers
Apr 17, 2025 22:42 HKT/SGT
|
|
|
CBL International Limited Reports 2024 Full-Year Results
Apr 17, 2025 22:40 HKT/SGT
|
|
|
GA-ASI Announces Technology Investments From Blue Magic Netherlands
Apr 17, 2025 19:56 HKT/SGT
|
|
|
PerfectSwell(R) Zion To Start Construction
Apr 17, 2025 19:05 HKT/SGT
|
|
|
OMP Positioned Highest for Ability to Execute in the 2025 Gartner(R) Magic Quadrant(TM) for Supply Chain Planning Solutions
Apr 17, 2025 17:00 HKT/SGT
|
|
|
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12-13 May 2025
Apr 17, 2025 15:26 HKT/SGT
|
|
|
MHIEC Receives Order from the Bureau of Sewerage of the Tokyo Metropolitan Government for Rebuilding of Sewage Sludge Incineration Facility
Thursday, April 17, 2025 1:44:00 PM
|
|
|
Fiskl and Airwallex Transform SME Finance with AI
Apr 17, 2025 12:30 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
|
| Copyright © 2025 ACN Newswire - Asia Corporate News Network |
|
|
|
|
| |
