Wang & Lee Group, Inc. Partners with City University of Hong Kong for Groundbreaking Kinetic Energy Project
Wang & Lee Group (WLGS) has announced a strategic partnership with City University of Hong Kong to develop innovative kinetic technology that converts footstep energy into renewable power through energized panels. The collaboration aims to revolutionize sustainable energy solutions by harnessing human kinetic energy for off-grid electricity generation.
The company is currently implementing the technology by installing energized panels at Hangseng Bank's headquarters in Central, Hong Kong, specifically on a high-traffic pedestrian footbridge. To support project expansion, WLGS is considering issuing an ESG bond in Luxembourg.
The initiative focuses on both technological advancement and educational outreach, promoting Environmental, Social, and Governance (ESG) principles while demonstrating practical applications of renewable energy generation.
Wang & Lee Group (WLGS) ha annunciato una partnership strategica con la City University di Hong Kong per sviluppare tecnologia cinetica innovativa che converte l'energia dei passi in energia rinnovabile attraverso pannelli energizzati. La collaborazione mira a rivoluzionare le soluzioni energetiche sostenibili sfruttando l'energia cinetica umana per la generazione di elettricità off-grid.
L'azienda sta attualmente implementando la tecnologia installando pannelli energizzati presso la sede centrale di Hangseng Bank a Central, Hong Kong, specificamente su un ponte pedonale ad alto traffico. Per supportare l'espansione del progetto, WLGS sta considerando di emettere un obbligazione ESG in Lussemburgo.
L'iniziativa si concentra sia sul progresso tecnologico che sulla sensibilizzazione educativa, promuovendo i principi Ambientali, Sociali e di Governance (ESG) mentre dimostra applicazioni pratiche della generazione di energia rinnovabile.
Wang & Lee Group (WLGS) ha anunciado una asociación estratégica con la City University de Hong Kong para desarrollar tecnología cinética innovadora que convierte la energía de los pasos en energía renovable a través de paneles energizados. La colaboración tiene como objetivo revolucionar las soluciones energéticas sostenibles aprovechando la energía cinética humana para la generación de electricidad fuera de la red.
La empresa está implementando actualmente la tecnología instalando paneles energizados en la sede central de Hangseng Bank en Central, Hong Kong, específicamente en un puente peatonal de alto tráfico. Para apoyar la expansión del proyecto, WLGS está considerando emitir un bono ESG en Luxemburgo.
La iniciativa se centra tanto en el avance tecnológico como en la divulgación educativa, promoviendo los principios Ambientales, Sociales y de Gobernanza (ESG) mientras demuestra aplicaciones prácticas de la generación de energía renovable.
Wang & Lee Group (WLGS)는 홍콩 시립대학교와 전략적 파트너십을 체결하여 발걸음 에너지를 재생 가능한 전력으로 변환하는 혁신적인 운동 에너지 기술을 개발하고 있습니다. 이 협력은 인간의 운동 에너지를 활용하여 오프그리드 전기 생성으로 지속 가능한 에너지 솔루션을 혁신하는 것을 목표로 하고 있습니다.
현재 회사는 홍콩 센트럴의 Hangseng Bank 본사에 고주행 보행자 다리에서 에너지가 공급되는 패널을 설치하여 기술을 구현하고 있습니다. 프로젝트 확장을 지원하기 위해 WLGS는 룩셈부르크에서 ESG 채권 발행을 고려하고 있습니다.
이 이니셔티브는 기술 발전과 교육적 홍보 모두에 중점을 두며, 환경적, 사회적, 지배구조(ESG) 원칙을 촉진하고 재생 가능 에너지 생성의 실용적인 응용 프로그램을 보여줍니다.
Wang & Lee Group (WLGS) a annoncé un partenariat stratégique avec la City University de Hong Kong pour développer une technologie cinétique innovante qui convertit l'énergie des pas en énergie renouvelable à travers des panneaux énergisés. La collaboration vise à révolutionner les solutions énergétiques durables en exploitant l'énergie cinétique humaine pour la génération d'électricité hors réseau.
L'entreprise met actuellement en œuvre la technologie en installant des panneaux énergisés au siège de Hangseng Bank à Central, Hong Kong, spécifiquement sur un pont piétonnier à fort trafic. Pour soutenir l'expansion du projet, WLGS envisage d'émettre une obligation ESG au Luxembourg.
Cette initiative se concentre à la fois sur l'avancement technologique et la sensibilisation éducative, en promouvant les principes Environnementaux, Sociaux et de Gouvernance (ESG) tout en démontrant des applications pratiques de la génération d'énergie renouvelable.
Wang & Lee Group (WLGS) hat eine strategische Partnerschaft mit der City University of Hong Kong angekündigt, um innovative kinetische Technologie zu entwickeln, die die Energie von Schritten in erneuerbare Energie durch energisierte Panels umwandelt. Die Zusammenarbeit zielt darauf ab, nachhaltige Energielösungen zu revolutionieren, indem menschliche kinetische Energie zur Stromerzeugung außerhalb des Netzes genutzt wird.
Das Unternehmen implementiert derzeit die Technologie, indem es energisierte Panels in der Zentrale der Hangseng Bank in Central, Hongkong, speziell auf einer stark frequentierten Fußgängerbrücke installiert. Um die Projekterweiterung zu unterstützen, erwägt WLGS die Emission einer ESG-Anleihe in Luxemburg.
Die Initiative konzentriert sich sowohl auf technologische Fortschritte als auch auf Bildungsarbeit, fördert Umwelt-, Sozial- und Governance-Prinzipien (ESG) und zeigt praktische Anwendungen der Erzeugung erneuerbarer Energie.
- Secured strategic partnership with prestigious City University of Hong Kong for R&D
- Ongoing implementation of technology at Hangseng Bank headquarters
- Potential ESG bond issuance in Luxembourg to fund project expansion
- No revenue projections or financial terms disclosed
- Technology still in development phase with unproven commercial viability
Insights
The collaboration between Wang & Lee Group and City University of Hong Kong marks an ambitious entry into the kinetic energy harvesting market, a niche but growing segment within renewable energy. The technology's practical application at Hangseng Bank's headquarters serves as a important proof-of-concept, particularly given the high-traffic location in Central Hong Kong.
The strategic value proposition extends beyond mere energy generation. By targeting high-foot-traffic areas like pedestrian footbridges, the technology could create a decentralized power generation network. However, several critical factors warrant attention:
- Energy Efficiency Metrics: Typical footstep energy harvesting systems generate between 5-7 watts per step. The viability of the project will depend on foot traffic volume and conversion efficiency rates.
- Infrastructure Integration: The planned installation at Hangseng Bank will provide valuable data on real-world performance and integration challenges with existing power systems.
- Commercialization Pathway: The potential ESG bond issuance in Luxembourg indicates a structured approach to funding, suggesting a well-planned commercialization strategy.
The project's success could position Wang & Lee Group as an innovator in urban renewable energy solutions, particularly in densely populated Asian cities where space for traditional renewable installations is However, the technology must demonstrate cost-effectiveness and reliable power generation to compete with established renewable energy sources.
The focus on ESG principles and educational aspects adds a valuable marketing dimension, potentially attracting institutional investors and partners focused on sustainable technology. The successful implementation at Hangseng Bank could serve as a template for similar installations across Hong Kong's extensive network of pedestrian bridges and high-traffic areas.
Hong Kong, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc., a leading listed company committed to sustainability, is thrilled to announce a strategic collaboration with City University of Hong Kong for the research and development of kinetic technology. This innovative project aims to transform the energy generated by a single footstep into renewable power via state of the art energised panels, revolutionizing the landscape of sustainable energy solutions.
The partnership between Wang & Lee Group, Inc. and City University of Hong Kong signifies a shared dedication to environmental conservation and sustainable practices. By harnessing human kinetic energy and converting it into off-grid electricity, this collaboration seeks to make a significant impact on the community by promoting renewable energy generation in a unique and engaging manner.
"We are excited to embark on this transformative journey with City University of Hong Kong," said Mr. Ho, CEO of Wang & Lee Group, Inc. "This collaboration exemplifies our commitment to sustainability and innovation, as we work together to develop groundbreaking technology that not only generates renewable energy but also raises awareness about environmental responsibility."
The project not only focuses on technological advancements but also aims to create engaging and educational experiences for stakeholders. By showcasing the potential of kinetic energy conversion, Wang & Lee Group, Inc. and City University of Hong Kong seek to inspire and educate individuals on the importance of Environmental, Social, and Governance (ESG) principles, paving the way towards a more sustainable future for all.
The research and development of kinetic technology for renewable power generation represent a significant step towards achieving a more sustainable future. By leveraging the power of human movement, this project has the potential to make a revolutionary impact on energy production and consumption patterns, setting a new standard for sustainable energy solutions.
Wang & Lee is currently completing the design and installation of the energised panels for Hangseng Bank at its headquarters in Central, Hong Kong on pedestrian footbridge with heavy traffic. The Company is also considering issuing an ESG bond in Luxembourg to raise funds for the purpose of furthering this project.
Contact:
ir@wangnlee.com.hk
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