Our Portfolio Company, A-Grade Energy Facilitates Transformative Partnership with Hong Kong University of Science and Technology to Advance Battery Technology for Renewable Energy Commercialisation

Tsangs Group is pleased to announce that our portfolio company, A-Grade Energy Ltd has facilitated the partnership between its Affiliated Company, Comking A-Grade Green Energy (HK) Innovation Centre Ltd. (“Innovation Centre”) and The Hong Kong University of Science and Technology (“HKUST”), for signing a Memorandum of Understanding (“MoU”) on 17 October 2023. 

The MoU officially launches a research partnership between the two parties on the application of flow batteries as renewable energy storage systems. The cooperation between the two parties will cover joint research and development projects, technology commercialisation, and materials, equipment and talent exchange.

“We are delighted to have the opportunity to commercialise the university’s scientific achievements through this collaboration. We hope to engage in research that will have a long-term, transformative impact on Hong Kong and the nation’s energy future,” commented Professor Minhua Shao, the Head and Chair Professor of Chemical and Biological Engineering of HKUST and the Director of HKUST Energy Institute.

The MOU was signed by HKUST Vice-President for Research and Development Professor Tim Cheng (right) and the Directors of the Innovation Centre, Mr Wu Guocheng (centre) and Mr Jonathan Lamport (left).

“We have always focused our work on new power distribution, electricity consumption and energy systems, intending to provide comprehensive energy solutions for the country. We provide integrated solutions such as wind and solar energy storage, charging, inspection, etc., and the development of flow batteries can adequately respond to the need to store renewable energy,” commented Wu Guocheng, Director of Zhuhai Comking Electric Co. Ltd.

“We are pleased to cooperate with the research experts of HKUST. The university has strong research capabilities and top calibre talents in physics, materials science and engineering. We hope that through this cooperation, we can expand the company’s commercialisation capabilities. Combined with the university’s technological innovation capacity, we can jointly drive progress in renewable energy technologies and sustainable development, ” commented Jonathan Lamport, Founder and CEO of A-Grade Energy.

This cooperation will contribute to developing new energy solutions, transforming scientific achievements into impactful technologies, and nurturing young talent with their commitment to advancing Hong Kong’s innovation and technology sector.

One of the Innovation Centre joint venture parties, Zhuhai Comking Electric Co. Ltd., was certified as a “little giant” or top performer among specialised, high-end and innovation-driven SMEs. The company has always strived to lead in technological innovation, strengthen technological advancement, and accelerate the digital transformation of enterprises, with the vision of becoming the world’s outstanding power supply service provider.

 

About A-Grade Energy Limited

A-Grade Energy Limited provides a spectrum of photovoltaic and renewable energy solutions to clients, ranging from traditional solar panels to building-integrated photovoltaics (BIPV), EV Charging, and battery storage together with BMS. They are one of the first companies introducing thin-film solar cell such as CdTe based BIPV to Hong Kong.

For more information, please visit: https://www.agrade.energy/

 

About Tsangs Group
Tsangs Group is an innovation-focused global family office that bridges East and West. Our mission is to invest in global opportunities that allow us to exert positive influence and drive positive impact in Hong Kong, Asia and beyond.

Headquartered in Hong Kong, Tsangs Group has direct investments across the world, we seek out positive impact investments that reflect our values of innovation, sustainability, and togetherness. Our strategy is opportunistic and both sector and location agnostic.

From fintech to entertainment to space travel, we are always investigating, analysing, and supporting the cutting edge of global innovation and development.

 

For further information:

Tsangs Group
Andre Kwok
Tel: +852 2361 3923
andre.kwok@tsangsgroup.co         

Christine Tang
Tel: +852 2361 3829
christine.tang@tsangsgroup.co