WITH THE SOLARHK ACQUISITION COMPLETE, WANG & LEE GROUP WILL DRIVE HONG KONG'S RENEWABLE ENERGY FUTURE
WANG & LEE GROUP (NASDAQ: WLGS) has completed its acquisition of Solar (HK) (SolarHK), previously announced on March 3, 2025. This strategic move combines SolarHK's solar photovoltaic expertise with WLGS's lithium-ion battery technology to provide comprehensive renewable energy solutions across Hong Kong.
SolarHK brings a network of over 50 locations and notable projects including installations at Tsing Yi Shipyard, Quon Hing Concrete Manufacturer, and In n Out Storage Aberdeen. The merged entity will integrate SolarHK's solar infrastructure with WLGS's battery storage systems and AI-driven smart energy management through their partnership with Linko Smart Technology.
The acquisition aims to strengthen WLGS's position in delivering end-to-end sustainable energy systems for commercial, industrial, and residential sectors, supporting Hong Kong's 2050 Carbon Neutrality Strategy. The company plans to immediately expand service offerings with next-generation energy storage systems and smart grid solutions.
WANG & LEE GROUP (NASDAQ: WLGS) ha completato l'acquisizione di Solar (HK) (SolarHK), precedentemente annunciata il 3 marzo 2025. Questa mossa strategica combina l'expertise di SolarHK nel fotovoltaico con la tecnologia delle batterie agli ioni di litio di WLGS per fornire soluzioni energetiche rinnovabili complete in tutta Hong Kong.
SolarHK porta una rete di oltre 50 sedi e progetti notevoli, tra cui installazioni presso il Cantiere Navale di Tsing Yi, il produttore di calcestruzzo Quon Hing e il deposito In n Out di Aberdeen. L'entità fusa integrerà l'infrastruttura solare di SolarHK con i sistemi di stoccaggio delle batterie di WLGS e la gestione energetica intelligente basata su AI attraverso la loro partnership con Linko Smart Technology.
L'acquisizione mira a rafforzare la posizione di WLGS nella fornitura di sistemi energetici sostenibili end-to-end per i settori commerciale, industriale e residenziale, supportando la Strategia di Neutralità Carbonica di Hong Kong per il 2050. L'azienda prevede di espandere immediatamente l'offerta di servizi con sistemi di stoccaggio energetico di nuova generazione e soluzioni di rete intelligente.
WANG & LEE GROUP (NASDAQ: WLGS) ha completado su adquisición de Solar (HK) (SolarHK), anunciada previamente el 3 de marzo de 2025. Este movimiento estratégico combina la experiencia fotovoltaica de SolarHK con la tecnología de baterías de iones de litio de WLGS para proporcionar soluciones integrales de energía renovable en Hong Kong.
SolarHK aporta una red de más de 50 ubicaciones y proyectos notables, incluyendo instalaciones en el astillero de Tsing Yi, el fabricante de concreto Quon Hing y el almacenamiento In n Out de Aberdeen. La entidad fusionada integrará la infraestructura solar de SolarHK con los sistemas de almacenamiento de baterías de WLGS y la gestión energética inteligente impulsada por IA a través de su asociación con Linko Smart Technology.
La adquisición tiene como objetivo fortalecer la posición de WLGS en la entrega de sistemas energéticos sostenibles de extremo a extremo para los sectores comercial, industrial y residencial, apoyando la Estrategia de Neutralidad de Carbono de Hong Kong para 2050. La empresa planea expandir inmediatamente su oferta de servicios con sistemas de almacenamiento de energía de próxima generación y soluciones de red inteligente.
WANG & LEE GROUP (NASDAQ: WLGS)는 2025년 3월 3일에 발표된 Solar (HK) (SolarHK)의 인수를 완료했습니다. 이 전략적 움직임은 SolarHK의 태양광 전문성과 WLGS의 리튬 이온 배터리 기술을 결합하여 홍콩 전역에 포괄적인 재생 에너지 솔루션을 제공합니다.
SolarHK는 50개 이상의 위치와 Tsing Yi 조선소, Quon Hing 콘크리트 제조업체, Aberdeen의 In n Out Storage와 같은 주목할 만한 프로젝트를 보유하고 있습니다. 통합된 엔터티는 SolarHK의 태양광 인프라를 WLGS의 배터리 저장 시스템 및 Linko Smart Technology와의 파트너십을 통한 AI 기반 스마트 에너지 관리와 통합할 것입니다.
이번 인수는 상업, 산업, 주거 부문에 대한 종합적인 지속 가능한 에너지 시스템 제공에서 WLGS의 입지를 강화하는 것을 목표로 하며, 홍콩의 2050 탄소 중립 전략을 지원합니다. 회사는 차세대 에너지 저장 시스템과 스마트 그리드 솔루션으로 서비스 제공을 즉시 확장할 계획입니다.
WANG & LEE GROUP (NASDAQ: WLGS) a finalisé son acquisition de Solar (HK) (SolarHK), annoncée précédemment le 3 mars 2025. Ce mouvement stratégique combine l'expertise de SolarHK en photovoltaïque avec la technologie des batteries lithium-ion de WLGS pour fournir des solutions complètes d'énergie renouvelable à Hong Kong.
SolarHK apporte un réseau de plus de 50 emplacements et des projets notables, y compris des installations au chantier naval de Tsing Yi, chez le fabricant de béton Quon Hing et au stockage In n Out d'Aberdeen. L'entité fusionnée intégrera l'infrastructure solaire de SolarHK avec les systèmes de stockage de batteries de WLGS et la gestion énergétique intelligente alimentée par l'IA grâce à leur partenariat avec Linko Smart Technology.
L'acquisition vise à renforcer la position de WLGS dans la fourniture de systèmes énergétiques durables de bout en bout pour les secteurs commercial, industriel et résidentiel, soutenant la stratégie de neutralité carbone de Hong Kong pour 2050. L'entreprise prévoit d'élargir immédiatement son offre de services avec des systèmes de stockage d'énergie de nouvelle génération et des solutions de réseau intelligent.
WANG & LEE GROUP (NASDAQ: WLGS) hat die Übernahme von Solar (HK) (SolarHK) abgeschlossen, die zuvor am 3. März 2025 angekündigt wurde. Dieser strategische Schritt kombiniert die Expertise von SolarHK im Bereich Photovoltaik mit der Lithium-Ionen-Batterietechnologie von WLGS, um umfassende Lösungen für erneuerbare Energien in Hongkong anzubieten.
SolarHK bringt ein Netzwerk von über 50 Standorten und bemerkenswerten Projekten mit, darunter Installationen im Tsing Yi Werft, beim Quon Hing Betonhersteller und bei In n Out Storage Aberdeen. Das fusionierte Unternehmen wird die Solar-Infrastruktur von SolarHK mit den Batteriespeichersystemen von WLGS und der KI-gesteuerten intelligenten Energiemanagement durch ihre Partnerschaft mit Linko Smart Technology integrieren.
Die Übernahme zielt darauf ab, die Position von WLGS bei der Bereitstellung von End-to-End-Nachhaltigkeitssystemen für die kommerziellen, industriellen und privaten Sektoren zu stärken und Hongkongs Strategie zur Kohlenstoffneutralität 2050 zu unterstützen. Das Unternehmen plant, sofort seine Dienstleistungen mit Energiespeichersystemen der nächsten Generation und intelligenten Netzlösungen zu erweitern.
- Immediate access to over 50 locations across Hong Kong
- Integration of solar infrastructure with proprietary battery storage technology
- Access to established commercial and industrial client base
- Expansion of service offerings with smart grid solutions
- None.
Insights
WLGS's completed acquisition of SolarHK represents a strategic expansion of its renewable energy capabilities in Hong Kong's growing green technology market. The transaction creates an integrated offering combining SolarHK's solar photovoltaic expertise with WLGS's battery technology, positioning the company to deliver comprehensive energy solutions across commercial, industrial, and residential sectors.
The deal provides WLGS immediate access to SolarHK's network spanning over 50 locations throughout Hong Kong and an established client portfolio including high-profile installations. This expanded footprint should accelerate WLGS's market penetration while creating cross-selling opportunities for its battery storage systems.
From a strategic perspective, this acquisition aligns perfectly with Hong Kong's 2050 Carbon Neutrality Strategy, potentially giving WLGS a first-mover advantage in the integrated solar-plus-storage market segment. The company's plans to incorporate AI-driven energy management systems through its Linko Smart Technology partnership further enhances its competitive positioning.
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The WLGS-SolarHK merger creates a technically compelling integrated clean energy provider addressing a critical gap in Hong Kong's renewable infrastructure. By combining solar generation with advanced battery storage, WLGS has positioned itself to solve the intermittency challenge that typically limits solar adoption in dense urban environments like Hong Kong.
The technical synergies are particularly noteworthy: SolarHK's established solar installations can now be retrofitted with WLGS's lithium-ion storage systems, potentially transforming static solar arrays into dynamic grid assets capable of energy time-shifting and grid support functions. This capability becomes increasingly valuable as Hong Kong pursues its decarbonization targets.
The combined entity's ability to participate in Hong Kong's Feed-in Tariff scheme while simultaneously offering behind-the-meter savings represents a dual-revenue opportunity for both the company and its customers. Additionally, the integration with AI-driven energy management creates a differentiated offering in a market that has typically seen fragmented solutions.
With SolarHK's 50+ location network providing immediate scale, WLGS has effectively bypassed years of organic growth efforts. The acquisition transforms WLGS from a battery technology company into a full-spectrum energy solutions provider with established market presence and demonstrated project execution capabilities at notable commercial sites like Tsing Yi Shipyard and Quon Hing Concrete Manufacturer.
Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (NASDAQ: WLGS) today announced the successful closing of its acquisition of Solar (HK) Limited (“SolarHK”). The transaction, initially announced on March 3, 2025, has now been finalized, marking a transformative step in WLGS’s mission to accelerate Hong Kong’s renewable energy transition through integrated solar and energy storage solutions.
Accelerating Hong Kong’s Green Energy Vision
The acquisition of SolarHK strengthens WLGS’s position as a comprehensive provider of sustainable energy systems. By combining SolarHK’s proven solar photovoltaic (“PV”) expertise with WLGS’s advanced lithium-ion battery technology, the companies will deliver end-to-end renewable energy solutions for commercial, industrial, and residential sectors. SolarHK’s extensive portfolio, including high-profile projects such as installations at Tsing Yi Shipyard, Quon Hing Concrete Manufacturer, and In n Out Storage Aberdeen, now aligns with WLGS’s energy storage innovations to optimize energy efficiency and grid resilience.
Synergizing Technology and Infrastructure
SolarHK’s network spans over 50 locations across Hong Kong, providing WLGS with immediate access to a robust client base and localized expertise. Post-acquisition, WLGS will integrate SolarHK’s solar infrastructure with its proprietary battery storage systems, enabling businesses and households to store excess solar energy and reduce reliance on traditional power grids. Additionally, through WLGS’s partnership with Linko Smart Technology Limited, SolarHK’s clients will gain access to AI-driven smart energy management systems and IoT-enabled devices, further enhancing energy savings and operational efficiency.
Leadership Commentary
Mr. Ho, CEO of WANG & LEE GROUP, remarked:
“The closing of this acquisition is a milestone in our commitment to building a cleaner, smarter energy ecosystem. SolarHK’s exceptional team and project portfolio perfectly complement our battery technology, creating a unified platform to drive Hong Kong’s decarbonization goals. Together, we are poised to deliver innovative solutions that reduce costs, lower emissions, and empower communities.”
Mr. Gary Chik, Founder of SolarHK, stated:
“Today marks an exciting new chapter for SolarHK. As part of WLGS, we gain the resources and technological edge to scale our impact exponentially. Our shared vision will accelerate the adoption of solar energy and smart technologies, ensuring Hong Kong remains at the forefront of Asia’s green revolution.”
Next Steps and Community Impact
With the transaction complete, WLGS will immediately expand SolarHK’s service offerings, including the rollout of next-generation energy storage systems and smart grid solutions. These initiatives align with the Hong Kong SAR government’s 2050 Carbon Neutrality Strategy and support global efforts to combat climate change.
WLGS also plans to launch joint community outreach programs to educate businesses and residents on renewable energy benefits, including participation in the Feed-in Tariff (“FiT”) scheme and government sustainability incentives.
About WANG & LEE GROUP, Inc.
Wang & Lee Group specializes in sustainable infrastructure and energy storage technologies. Through collaborations with academic institutions and industry leaders, WLGS develops cutting-edge solutions to address global climate challenges.
About Solar (HK) Limited
Founded in 2019, SolarHK is a Hong Kong-based renewable energy pioneer offering end-to-end solar PV design, installation, and maintenance services. Its projects empower clients to achieve energy independence while contributing to a greener city.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
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WANG & LEE GROUP, Inc.: https://www.wangnleegroup.com/
SolarHK: https://www.solarhk.org
Email: ir@wangleegroup.com.hk
FAQ
What is the strategic significance of WLGS acquiring SolarHK in April 2025?
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