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United Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification
United Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification.
About this update from Marvion Inc.
[{"type":"text","content":"\n\n\n\nUnited Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nUnited Warehouse Signs New Solar PV Systems Agreement to Further Enhance Sustainability and Revenue Diversification\nPR Newswire\nHONG KONG, Feb. 26, 2025\n\n\n\nHONG KONG, Feb. 26, 2025 /PRNewswire/ -- United Warehouse Limited (\"United\"), a wholly-owned subsidiary of Marvion Inc. (OTC: MVNC), today announced the signing of a new Solar Photovoltaic (PV) System Service Agreement (the \"Agreement\") with Starwarehouse Engineering Limited (\"Starwarehouse\"). This collaboration further solidifies United Warehouse's commitment to sustainability and green energy transition while diversifying its revenue streams.\n\nUnder the Agreement, Starwarehouse will be responsible for designing, installing, and commissioning a 170kW solar PV system on the rooftop of another United Warehouse's facility located at DD 119 LOT 1294,1295,1298, Pak Sha Tsuen, Yuen Long, New Territories. The system will include 512 units of 520W flexible solar panels, a 120kW inverter, a 50kW inverter, an isolation transformer, and other related equipment. The electricity generated by the system will be sold to CLP Power Hong Kong Limited (\"CLP\") under the Feed-in Tariff (FiT) scheme, providing United Warehouse with a long-term, stable revenue stream while further reducing its carbon footprint.\nThe project is an expansion to the previous PV system installation done in October 2024, and this new installation is expected to commence operations in 2025 and will run until December 31, 2033. The PV system is projected to generate a significant amount of renewable energy annually, effectively reducing United Warehouse's operational costs and promoting environmental sustainability.\nMr. Chan Sze Yu, CEO of Marvion Inc., commented, \"This new agreement not only reflects our commitment to green energy but also demonstrates our ability to balance long-term financial returns with social responsibility. We look forward to the economic and envir...