Hyosung Heavy Industries wins KRW 11 billion ESS project contract in Japan

Korea Zinc announced on June 5 that its Australian subsidiary Ark Energy has secured grid connection approval for the Richmond Valley solar and ESS project. The Richmond Valley project involves building a 2,200 MWh ESS and a 200 MW solar power plant in the Richmond Valley region of New South Wales, Australia.

On June 9, Anhui INLIF Electronic Technology Co., Ltd. held a board of directors meeting and formally terminated the overseas new energy joint venture investment project of its wholly-owned subsidiary. The main content of this terminated overseas investment project was for the wholly-owned subsidiary, Anhui Feimi New Energy Technology Co., Ltd., to join hands with Rhine Holding Co., Ltd. to establish a venture, setting up Netherlands Feimi New Energy Technology Co., Ltd. During project advancement, due to changes in objective implementation conditions, the project failed to make substantial progress. The target company has not yet been established, and INLIF has not invested any funds. Based on considerations of preventing investment risks and optimizing resource allocation, and through friendly consultations between the two parties, a final decision was made to terminate this cooperation.