Envision and SUN Terra to drive clean energy transition in key markets
Green hydrogen producer Envision Energy has entered an alliance with Indonesia's renewable energy firm SUN Terra to build a full-chain energy storage ecosystem.
The collaboration will support the clean energy transition in regions such as Southeast Asia, India and Australia by improving global supply chains and local manufacturing capabilities.
Both companies will focus on multiple aspects of energy storage, including system procurement, distribution, localised assembly, technology licensing and solution delivery.
The goal is to create a comprehensive strategic alliance, covering the entire value chain for energy storage solutions in the target markets.
Envision Energy senior vice-president and president of international product lines Kane Xu stated: "SUN Terra's strong local presence and project development capabilities are highly complementary to Envision's expertise in energy storage. Together, we will accelerate the growth of energy storage markets across Southeast Asia, India and Australia, delivering sustained momentum for enhancing local energy ecosystems."
SUN Terra is a subsidiary of Indonesia's conglomerate Sinar Mas. It specialises in renewable energy development from inception to completion.
With a track record of large-scale solar projects in Indonesia, Australia and India, the company provides integrated services for both energy storage systems and battery lifecycle management.
SUN Terra CEO Karina Darmawan added: "As a key part of Sinar Mas' renewable energy portfolio, SUN Terra is committed to advancing clean energy development in Indonesia, Australia and India. This strategic collaboration with Envision will not only bring advanced energy storage systems to Indonesia, but also empower the localisation of production and technology advancements in the Australian and Indian markets."
In December 2024, Envision Energy partnered Samruk Energy and Kazakhstan Utility Systems to advance Kazakhstan's green energy transition.
"Envision and SUN Terra to drive clean energy transition in key markets" was originally created and published by Power Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Lammy seeks to ‘deepen' UK-India ties on New Delhi visit
David Lammy will seek to deepen UK-India economic ties as he visits New Delhi this weekend, saying Britain's recently agreed trade deal with the country is 'just the start of our ambitions'. Trade and migration will be at the top of the agenda for the Foreign Secretary's trip, during which he will meet Indian Prime Minister Narendra Modi and external affairs minister S Jaishankar. The Foreign Office said Mr Lammy would also raise 'the recent escalation in tensions following the Pahalgam terrorist attack, and how the welcomed sustained period of peace can be best supported in the interests of stability in the region'. Pakistan and India agreed to a US-brokered ceasefire last month after rising hostilities between the two nuclear-armed rivals followed a deadly attack on tourists in Pahalgam, Kashmir. Ahead of the visit, Mr Lammy said: 'Signing a free trade agreement is just the start of our ambitions – we're building a modern partnership with India for a new global era. 'We want to go even further to foster an even closer relationship and co-operate when it comes to delivering growth, fostering innovative technology, tackling the climate crisis and delivering our migration priorities, and providing greater security for our people.' The Foreign Office said talks in New Delhi would aim to 'deepen and diversify the Comprehensive Strategic Partnership between the two countries'. 'The Foreign Secretary will also welcome progress in our migration partnership, including ongoing work on safeguarding citizens and securing borders in both countries,' it said.
Yahoo
4 hours ago
- Yahoo
Can HSBC's Strategic Business Reset Make the Stock a Solid Pick?
HSBC Holdings HSBC is undergoing a strategic transformation, shifting its focus toward Asia while restructuring key parts of its global have a look at the bank's strategic plan and then decipher whether HSBC stock deserves a place in your portfolio. In February 2025, HSBC announced a $1.5 billion cost-saving program from the organizational simplification efforts by 2026. The company is likely to incur nearly $1.8 billion in total severance and other upfront charges by the end of next year to implement business simplification the bank announced plans to redeploy an additional $1.5 billion from the strategic reallocation of costs from non-strategic or low-returning activities into its core strategy, where it has competitive strength. In sync with this, HSBC is winding down its mergers and acquisitions and equity capital markets operations in the U.K., Europe and the United States while maintaining a more focused presence in Asia and the Middle East. The company is also set to close its business banking division in the United States. The bank is also progressing with divestments in Germany, South Africa, Bahrain and France and has begun a strategic review of its business in Malta. Apart from these, HSBC completed the sale of its businesses in the United States, Canada, New Zealand, Greece, Russia, Argentina and Armenia, as well as the retail banking operations in France and Mauritius. HSBC is undertaking measures to bolster its performance, focusing on building operations across Asia. The company intends to position itself as a top bank for high-net-worth and ultra-high-net-worth clients in the region, constituting more than half of its operations. HSBC plans to grow by strengthening its transaction banking, expanding internationally and building the wealth business, especially in Asia. It is focused on growing in the core markets, Hong Kong and the U.K., by supporting small and medium businesses, improving digital services and offering better is rapidly expanding its wealth business in mainland China by launching large, lifestyle-integrated wealth centers in major cities. It aims to deepen market presence through acquisitions (Citigroup's retail wealth management portfolio in China), digital investments and hiring. With a focus on affluent clients, HSBC is enhancing services across Premier Banking, Private Banking and Asset Management to support long-term growth in Asia's largest affluent HSBC is eyeing expansion in the lucrative Indian market. In January, it received approval from the Reserve Bank of India to open 20 new bank branches in major cities. At present, it operates 26 branches in 14 Indian cities. India's wealth market is growing rapidly, with ultra-high net worth individuals expected to soar 50% by 2028. In response, the company is expanding its services by launching Global Private Banking in 2023, acquiring L&T Investment Management in 2022 and enhancing Premier Banking in 2024. Strong Balance Sheet Position: Despite the uncertain macroeconomic environment, HSBC's capital position remains solid. As of March 31, 2025, the company's capital ratios were strong, driven by steady capital generation. Further, it has investment-grade long-term ratings of A+, A3 and A- from Fitch, Moody's and Standard and Poor's, respectively. Given the solid capital position and lower debt-equity ratio compared with the industry, the company has been rewarding its shareholders consistently. In 2024, HSBC returned $26.9 billion to the shareholders through dividends and repurchases, while in 2023, it was $20.8 billion. The company expects a dividend payout ratio of 50% for April 25, HSBC completed the $2 billion share buyback plan announced with its full-year 2024 results in February. The company has initiated a new share repurchase program of up to $3 billion. The plan commenced after May 2 and will be completed by July 30, Revenue Performance: Revenue generation at HSBC has been muted over the past several quarters. While the interest rate environment across the world improved, the financial impact of the challenging macroeconomic backdrop continues to weigh on the company's top-line growth. Though revenues were stable in 2024 and increased in 2023, the metric recorded a negative CAGR of 2.7% over the three years ended 2022. Not-so-impressive loan demand and a tough macroeconomic environment in many of its markets are major headwinds. Hence, top-line performance is expected to remain weak in the near term. HSBC Sales Estimates Image Source: Zacks Investment Research HSBC shares have rallied 34.2% in the past year compared with the industry's growth of 29.8%. Meanwhile, its peers, Barclays BCS and Banco Santander, S.A. SAN, have performed impressively in the same time frame. HSBC One-Year Price Performance Image Source: Zacks Investment Research Now, let's take a look at the value HSBC offers investors at current present, HSBC is trading at 1.07X 12-month trailing price/tangible book (P/TB), above its five-year median of 0.75X. Meanwhile, the industry has P/TB TTM of 2.32X. Hence, the stock looks inexpensive compared with the industry average. HSBC P/TB TTM Image Source: Zacks Investment Research Further, Barclays has a P/TB TTM of 0.75X, and Banco Santander's P/TB TTM is 1.35X. So, HSBC is trading at a massive premium compared with Barclays, while its shares are cheaper than Banco Santander. Over the past seven days, the Zacks Consensus Estimate for 2025 earnings has remained unchanged at $6.83, while for 2026, it has moved lower to $6.98. Earnings Estimate Revision Trend Image Source: Zacks Investment Research The projected figures imply a rise of 5.1% and 2.3% for 2025 and 2026, respectively. HSBC's business simplification and restructuring initiatives, along with its cost savings plan, are expected to drive growth in the upcoming period. Also, the cheap valuation makes the stock an attractive investment HSBC's subdued revenue growth expectations are concerning. Further, investors must keep an eye on the progress of the company's strategic actions to drive earnings. The impact of macroeconomic factors must also be carefully evaluated before buying HSBC stock. Those who already own the stock can hold onto it because it is less likely to disappoint over the long term. HSBC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barclays PLC (BCS) : Free Stock Analysis Report Banco Santander, S.A. (SAN) : Free Stock Analysis Report HSBC Holdings plc (HSBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 hours ago
- Yahoo
Trump reluctant to confront China over support for Russia's war against Ukraine, Bloomberg reports
U.S. President Donald Trump is pulling back from pressuring China over its support for Russia's war effort, instead prioritizing other aspects of the U.S.-China relationship, U.S. and European officials familiar with internal discussions told Bloomberg. These officials, speaking anonymously, said that the administration has lowered the issue of Russia's war against Ukraine on its list of foreign policy priorities and is focusing on bilateral issues with Beijing, though they noted Trump could still shift course. The change in approach marks a departure from the long-held stance of the U.S. and its G7 partners, who have consistently called out China as a key enabler of Russia's war in Ukraine. In March, G7 foreign ministers condemned Beijing's support for Moscow and urged it to use its influence over Russian President Vladimir Putin to help end the war. However, Trump said that "nothing was discussed concerning Russia/Ukraine" during his recent call with Chinese President Xi Jinping. Officials suggest this pivot reflects Trump's desire to break with the foreign policy priorities of former President Joe Biden, who viewed relations with other governments largely through the lens of Russia's invasion of Ukraine. Instead, Trump's team is prioritizing issues like tariffs, technology restrictions, and rare earths. One official noted that Trump is reluctant to directly criticize China's role in aiding Russia while he continues talks with Putin aimed at brokering a ceasefire. At the same time, Trump ally Senator Lindsey Graham is pushing for new sanctions against Russia, including measures targeting Chinese and Indian purchases of discounted Russian oil. Graham's bill has gained over 80 co-sponsors in the Senate, signaling strong bipartisan support. U.S. officials have also expressed frustration at European countries that continue buying Russian energy while criticizing Beijing's exports to Moscow—exports that include dual-use components and sanctioned technologies used in weapons production. Despite Trump's current stance, the European Union has maintained public pressure on China, both through diplomatic channels and public statements. EU foreign policy chief Kaja Kallas recently accused Beijing of fueling Russia's war through dual-use exports. Moscow has continued to receive critical components from China, including drone parts, even as Beijing has restricted similar exports to Ukraine and the West. While the Biden administration and EU have sanctioned several Chinese firms involved in aiding Russia's military production, Trump has yet to impose any new penalties. Read also: 'Find and destroy' – how Ukraine's own Peaky Blinders mastered the art of bomber drones We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.
