Sineng Electric and HD Hyundai Plaspo have officially signed a Memorandum of Understanding (MOU), building a strategic partnership aiming at advancing the technologies of Power Conversion Systems (PCS) and hybrid inverters.
The MOU details a strategy centred on the development, research and promotion of PCS and hybrid inverters, aiming to boost sales and create mutual benefits for both parties in Korea and other global markets.
Sineng VP Zhengmao Jiang commented: “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. 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.”
Lee Heon Jun, CEO of HD Hyundai Plaspo, added: “Through this partnership, we look forward to pioneering cutting-edge solutions, ensuring we remain at the forefront of this evolving sector. 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.”
