Sineng Electric Signs MoU with HD Hyundai Plaspo for PCS and Hybrid Inverters

The MOU details a strategy centered on the development, research, and promotion of PCS and hybrid inverters, aspiring to boost sales and create mutual benefits for both parties in Korea and other global markets. Furthermore, through working in synergy, the two companies expect to not only maximize their competitive advantages but also contribute to the evolution of energy storage technologies, meeting the increasing demand for efficient and reliable energy solutions.

"Both companies will engage in co-development of energy storage solutions applicable to residential, commercial, and utility-scale scenarios, to unlock new opportunities in the renewable energy sector," stated Zhengmao Jiang, Vice President of Sineng Electric. "By leveraging HD Hyundai Plaspo's influence and Sineng Electric's expertise, we aim to facilitate the transition to a more sustainable and resilient energy system."

"Through this partnership, we look forward to pioneering cutting-edge solutions, ensuring we remain at the forefront of this evolving sector," added Lee Heon Jun, CEO of HD Hyundai Plaspo. "This collaboration is a significant step towards reshaping the energy storage industry. By pooling our strengths with Sineng Electric, we are poised to foster continuous innovation and ensure the delivery of superior energy storage solutions."