(30 September 2022, Hong Kong) Guangdong Sino-Synergy Hydrogen Energy Technology Co., Ltd. (“Sino-Synergy”) together with its subsidiaries (the "Group") has signed a Memorandum of Understanding (“MoU”) today with Templewater Group ("Templewater”) for a strategic cooperation agreement to accelerate the decarbonization strategies, the infrastructure and ecosystem in Hong Kong, Greater Bay Area and beyond.
With the ongoing green shift in the commercial fuel cell electric vehicles (“FCEV”) sector with hydrogen being increasingly viewed as a critical medium for the decarbonization of energy, industry and mobility, the two parties will work together to expand the Guangdong-Hong Kong-Macao Greater Bay Area market, explore global hydrogen energy project investment opportunities, and create a win-win and sustainable development strategic partnership.
Furthermore, Templewater intends to establish a decarbonization strategic advisory and technical committee (the “Committee”) to provide advice and guidance on strategies and investments into clean energy and hydrogen-related projects and serve as a resource to Templewater in respect of its hydrogen investments. Sino-Synergy has accepted the invitation from Templewater to join the Committee, and explore potential investment opportunities together.
Ms. Cynthia Zhu, CEO of Sino-Synergy Hydrogen Energy International, said: "As a leader and promoter of international hydrogen energy technology, Sino-Synergy Hydrogen Energy is committed to working with many international partners to promote the development of hydrogen energy on a global scale. The strategic cooperation agreement with Templewater is an important layout for our development in the Asia-Pacific region. We are very pleased to cooperate with new partners to expand opportunities. Both parties will leverage their respective advantages and rely on the innovative development and application of hydrogen energy technology to build Hong Kong’s smart hydrogen energy supporting facilities that are important starting points to help Hong Kong, the Greater Bay Area and the world realize the vision of zero-carbon energy saving and a green future."
Mr. Cliff Zhang, CEO of Templewater Group, said: "Hydrogen energy is one of the important directions for future energy development. As an international asset management company, Templewater invests in hydrogen energy high-tech companies around the world to promote the application of hydrogen energy in the field of public transportation and we look forward to furthering cooperation with Sino-Synergy Hydrogen Energy in hydrogen energy technology development, Hong Kong hydrogen energy demonstration projects and global hydrogen energy investment opportunities. We believe leveraging the joint efforts of both our parties, green energy and green finance will achieve rapid development."
About Guangdong Sino-Synergy Hydrogen Energy Technology Co., Ltd.
Established in 2015, Guangdong Sino-Synergy Hydrogen Energy Technology Co., Ltd. (“Sino-Synergy”)is China’s #1 hydrogen fuel cell stack manufacturer and #1 hydrogen fuel cell system manufacturer with a dominant market share. It is headquartered in Yunfu City, Guangdong Province, and is committed to providing high-quality products and sophisticated system solutions for customers.
For more information, please visit www.sinosynergypower.com
Templewater Group (“Templewater”) is an alternative asset management firm headquartered in Hong Kong, founded by Mr. Cliff Zhang and the Investec Group in 2018 as a spin-off of Investec Group’s Principal Investments Division in Asia, continuing the heritage and investment track record of the Investec Group.
Templewater is a solution-based and trusted partner to institutions, entrepreneurs and family offices. Templewater invests across the alternative asset classes in private equity, impact investing and real estate.
For more information, please visit www.templewater.com