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United Warehouse Limited and Starwarehouse Engineering Limited Signed a service agreement for solar PV systems

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United Warehouse , a subsidiary of Marvion Inc. (OTC: MVNC), has signed a Service Partnership Agreement with Starwarehouse Engineering for Solar PV Systems. The agreement involves the design and construction of a 170kW solar panel system on United Warehouse's roof. Starwarehouse Engineering will also install and maintain a 170kW solar electric generator.

The generated power will be sold to China Light and Power (CLP) at their defined tariff scheme rate, creating a long-term stable revenue stream for United Warehouse while reducing its carbon footprint. The partnership is set to be operational in early 2025 and continue until December 31, 2033. This initiative aligns with Marvion's commitment to green energy and balances long-term financial returns with social responsibility.

United Warehouse, una sussidiaria di Marvion Inc. (OTC: MVNC), ha firmato un Accordo di Partnership di Servizio con Starwarehouse Engineering per i Sistemi Solari Fotovoltaici. L'accordo prevede la progettazione e la costruzione di un sistema di pannelli solari da 170kW sul tetto di United Warehouse. Starwarehouse Engineering installerà e garantirà anche la manutenzione di un generatore elettrico solare da 170kW.

L'energia generata sarà venduta a China Light and Power (CLP) secondo il loro schema tariffario definito, creando un flusso di entrate stabili a lungo termine per United Warehouse e riducendo la sua impronta di carbonio. La partnership sarà operativa all'inizio del 2025 e continuerà fino al 31 dicembre 2033. Questa iniziativa è in linea con l'impegno di Marvion verso l'energia verde e bilancia i ritorni finanziari a lungo termine con la responsabilità sociale.

United Warehouse, una subsidiaria de Marvion Inc. (OTC: MVNC), ha firmado un Acuerdo de Asociación de Servicios con Starwarehouse Engineering para Sistemas de Energía Solar Fotovoltaica. El acuerdo involucra el diseño y la construcción de un sistema de paneles solares de 170kW en el techo de United Warehouse. Starwarehouse Engineering también instalará y mantendrá un generador eléctrico solar de 170kW.

La energía generada se venderá a China Light and Power (CLP) a la tarifa definida en su esquema tarifario, creando un flujo de ingresos estable a largo plazo para United Warehouse mientras se reduce su huella de carbono. Se espera que la asociación esté operativa a principios de 2025 y continúe hasta el 31 de diciembre de 2033. Esta iniciativa se alinea con el compromiso de Marvion con la energía verde y balancea los retornos financieros a largo plazo con la responsabilidad social.

United Warehouse는 Marvion Inc. (OTC: MVNC)의 자회사로서 Starwarehouse Engineering과 태양광 PV 시스템을 위한 서비스 파트너십 계약을 체결했습니다. 이 계약에는 United Warehouse의 지붕에 170kW 태양광 패널 시스템 설계 및 구축이 포함되어 있습니다. Starwarehouse Engineering은 170kW 태양 전기 발전기도 설치 및 유지 관리합니다.

생산된 전력은 China Light and Power (CLP)에 그들의 정의된 요금 체계에 따라 판매되며, 이는 United Warehouse에 장기적인 안정적 수익 흐름을 생성하고 탄소 발자국을 줄이는 데 기여합니다. 이 파트너십은 2025년 초에 운영을 시작하며 2033년 12월 31일까지 계속될 예정입니다. 이 이니셔티브는 Marvion의 친환경 에너지에 대한 약속과 장기적인 재정적 수익을 사회적 책임과 조화시킵니다.

United Warehouse, une filiale de Marvion Inc. (OTC: MVNC), a signé un Accord de Partenariat de Services avec Starwarehouse Engineering pour des Systèmes Solaire PV. L'accord implique la conception et la construction d'un système de panneaux solaires de 170kW sur le toit de United Warehouse. Starwarehouse Engineering installera également et maintiendra un générateur électrique solaire de 170kW.

L'énergie produite sera vendue à China Light and Power (CLP) selon leur tarif défini, créant un flux de revenus stable à long terme pour United Warehouse tout en réduisant son empreinte carbone. Ce partenariat devrait être opérationnel au début de 2025 et se poursuivre jusqu'au 31 décembre 2033. Cette initiative s'inscrit dans l'engagement de Marvion envers l'énergie verte et équilibre les retours financiers à long terme avec la responsabilité sociale.

United Warehouse, eine Tochtergesellschaft von Marvion Inc. (OTC: MVNC), hat einen Dienstleistungsvertrag mit Starwarehouse Engineering für Solar-PV-Systeme unterzeichnet. Der Vertrag umfasst die Planung und den Bau eines 170 kW Solar panelsystems auf dem Dach von United Warehouse. Starwarehouse Engineering wird außerdem einen 170 kW Solarstromgenerator installieren und warten.

Der erzeugte Strom wird an China Light and Power (CLP) zu deren definiertem Tarifschema verkauft, wodurch ein langfristig stabiler Einkommensstrom für United Warehouse entsteht und der CO2-Fußabdruck reduziert wird. Die Partnerschaft soll Anfang 2025 in Betrieb genommen werden und bis zum 31. Dezember 2033 fortbestehen. Diese Initiative steht im Einklang mit Marvions Engagement für grüne Energie und verbindet langfristige finanzielle Erträge mit sozialer Verantwortung.

Positive
  • Long-term stable revenue stream from selling solar-generated power to CLP
  • Reduction in operating costs for United Warehouse
  • Enhances company's competitiveness in the Hong Kong market
  • Demonstrates commitment to environmental sustainability
Negative
  • None.

HONG KONG, Oct. 9, 2024 /PRNewswire/ -- United Warehouse Limited, a fully owned subsidiary of Marvion Inc. (OTC: MVNC) announced the signing of a Service Partnership Agreement (the "Agreement") for Solar PV Systems with Starwarehouse Engineering Limited. This partnership marks an important milestone for our company in sustainability and the green energy transition.

According to the Agreement, STARWAREHOUSE ENGINEERING LIMITED will be responsible to design and construct a 170kW solar panels on the roof of the United Warehouse. Starwarehouse Engineering will also install and maintain a solar electric generator at the capacity of 170kW. The power generated by the System will be sold to the China Light and Power ("CLP") at the tariff scheme rate defined by CLP and will generate a long-term stable revenue for United Warehouse while reducing its carbon footprint.

The partnership is expected to be officially operational in early 2025 and run until December 31, 2033. The photovoltaic system is expected to generate a large amount of renewable energy every year, effectively reducing United Warehouse's operating costs and promoting environmental sustainability.

CEO of Marvion Inc. Mr. Chan Sze Yu spoke for Marvion,

"This partnership not only aligns with our company's commitment to green energy, but also demonstrates our balance between pursuing long-term financial returns and social responsibility. We look forward to the economic and environmental benefits that the PV system will bring to the company, and further strengthen our competitiveness in the Hong Kong market."

This partnership not only represents Marvion and United Warehouse's commitment to sustainability, but also further demonstrates Marvion Inc.'s commitment to environmental sustainability as a logistics warehouse service provider.

About Marvion

Marvion (MVNC) is a group provides logistics and warehousing services in the Hong Kong market. The group provides one-stop transport and storage solutions to business clients.

Website: http://www.unitedksk.com

For media queries, please contact:
ir@unitedksk.com

Cision View original content:https://www.prnewswire.com/news-releases/united-warehouse-limited-and-starwarehouse-engineering-limited-signed-a-service-agreement-for-solar-pv-systems-302271471.html

SOURCE Marvion Inc.

FAQ

What is the capacity of the solar PV system being installed for United Warehouse (MVNC)?

The solar PV system being installed for United Warehouse has a capacity of 170kW.

When is the solar partnership between United Warehouse (MVNC) and Starwarehouse Engineering expected to become operational?

The partnership is expected to be officially operational in early 2025.

How long will the solar PV system agreement between United Warehouse (MVNC) and Starwarehouse Engineering last?

The agreement is set to run until December 31, 2033.

Who will United Warehouse (MVNC) sell the solar-generated power to?

United Warehouse will sell the solar-generated power to China Light and Power (CLP) at their defined tariff scheme rate.

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