Total Eren, Eren Industries and Aden Launch "Tera Energies", a Company Dedicated to China's Clean Energy Transition
PR85695
PARIS and SHANGHAI, Sept. 22, 2020 /PRNewswire=KYODO JBN/ --
Aden Group and Eren Groupe - through two of its subsidiaries, Eren Industries
and Total Eren - are pleased to announce the launch of "Tera Energies", their
joint venture in China. Based in Shanghai, the company will be dedicated to
developing innovative energy efficiency and sustainable solutions for the
commercial, industrial and governmental sectors in China, taking an active role
in the country's low-carbon energy transition.
Photo: https://photos.prnasia.com/prnh/20200921/2921693-1-b
Caption: Total Eren, Eren Industries and Aden Launch "Tera Energies", a Company
Dedicated to China's Clean Energy Transition
China's rapid shift in the age of decentralized energy
Over the past 10 years, China has accelerated its efforts and programs around
energy-efficiency gains. It has set itself ambitious targets to increase
renewable energy penetration in its mix. Along with this transition towards a
less carbon-intensive system, the Asian market, China in particular, has seen a
rapid shift from a one-way system of large power plants to a multidirectional,
decentralized power. The responsibility of managing energy and minimizing CO2
emissions is now shifting to businesses, local governments and facility managers.
To support this transition, Tera is offering a unique suite of integrated innovative services.
A unique partnership
Tera gathers together companies with extensive expertise and know-how in the
fields of energy generation and optimization, facility management and
sustainable services, all united by a bold vision for a clean energy future in
China and Asia. The partners all benefit from a successful track record and
renowned experience providing best-in-class innovative energy solutions and
services in China and globally, for the benefit of their customers.
Total Eren brings its experience as a global Independent Power Producer ("IPP")
with expertise across wind, solar photovoltaic (PV) and hybrid systems. It
combines the financial strengths of a global player with the agility of a
developer and the vision of a long-term investor, for both public and private
customers. Tera will benefit from Total Eren's technical expertise, financing
structuration know-how, procurement leverage and worldwide network to deliver
best-in-class and competitive renewable energy solutions.
Eren Industries offers its unique portfolio of smart technology solutions and
its global expertise in helping customers optimize their energy consumption and
reduce their CO2 emissions. Eren Industries is engaged and specialized in the
development, financing, and management of projects that significantly reduce
the amount of investment needed for heating and cooling energy systems,
generating important savings on the annual energy operating costs of buildings.
Aden Group brings an operational and regional facility management expertise
built over 20 years in Asia. Its network includes 80 Chinese cities and 1,500
partners, giving it unique insight into China's evolving business, regulatory
and environmental demands. Through Tera, Aden Group will accelerate its
longstanding mission of integrating traditional facility management with
technical and environmental innovation, sustainability and quality of life outcomes.
Digitalize, Decentralize, Decarbonize
With Tera, the partners move into a new and ambitious phase, combining their
experience and resources to support their clients in digitalizing,
decentralizing and decarbonizing their energy supply.
Tera will serve as an efficient and competitive provider of renewable energy
solutions, combining innovative energy optimization services and mature
sustainability technologies to help companies reduce their energy bill and
improve their carbon footprint. The firm will fully focus on China's
clean-energy and smart-city sectors, giving it the capacity to accelerate
pioneering work in B2B renewable energy and AI-powered energy optimization.
Pâris Mouratoglou, Founder and Chairman of Eren Groupe, stated: "The creation
of this new joint venture in China together with Aden represents a new step of
Eren's international development strategy. We are very pleased to become the
energy-solution partner of the unique business platform Aden is developing in
China. Looking ahead, we are eager to deliver together our solutions for the
benefit of our clients to help them rationalize and optimize their energy
consumption in a sustainable way."
David Corchia, Co-founder and CEO of Total Eren, added: "We are thrilled to
bring our global expertise in renewable energy to the Chinese market. I would
like to thank our partner, Aden Group, and Eren Industries for this excellent
cooperation, as well as our teams for their hard and continuous work which made
the launch of Tera possible. In line with Total Eren's pioneering spirit, we
look forward to developing tailored renewable energy solutions for private
customers in China."
Joachim Poylo, Co-founder and President of Aden Group, stated: "The world has
arrived at a true crossroads moment. The environmental outcomes that result
will be profoundly shaped by Asia, and by the way energy is managed in its
cities and buildings. The energy transition market in China alone is a
trillion-dollar opportunity requiring the highest level of technical and
operational expertise with deep local knowledge. Tera offers precisely this,
and we could not be more excited to help drive clean energy transitions in Asia."
Francois Amman, Co-founder and Co-President of Aden Group, said: "This is a
moment when all the pieces of the puzzle are coming together for Asia: asset
management, facility management, energy optimization and generation. We have
spent the past five years investing in the technical expertise and digital
tools to powerfully respond to this moment of opportunity -- with the platform
we have built, and the addition of our partners Total Eren and Eren Industries,
we will be able to respond faster than ever before to our clients' needs and
create change with the speed and scope that this moment demands."
Photo - https://photos.prnasia.com/prnh/20200918/2921693-1
SOURCE: Aden Group
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