Pedro Sanchez, President of the Government of Spain and Lei Zhang, CEO of

Envision at the MOU Ceremony in Navalmoral de la Mata (Cáceres, Spain)

PR97056

NAVALMORAL DE LA MATA, Spain, July 19, 2022 /PRNewswire=KYODO JBN/ --

- MOU ceremony in Navalmoral de la Mata (Caceres, Spain) witnessed by Spanish

Prime Minister

- The industrial park (cluster) contemplates the construction of a gigafactory

of batteries for electric vehicles; a development and innovation center for the

digitalization of renewable energy systems, a green hydrogen generation plant

and the manufacture of electrolyzers, and a wind power generation plant and the

assembly of smart wind turbines.

- Flagship Net Zero Industrial Park to lead new industry creation and Net Zero

Transition in Spain

Envision Group, a world-leading green technology company, today signed a

General Protocol for Collaboration with the Government of Spain. Mr. Pedro

Sanchez Perez-Castejon, the Prime Minister of Spain, attended and addressed the

ceremony.

Envision's partnership with the Spanish Government covers a wide range of

innovative collaborations in the next five years across various regions of the

country, under the umbrella of the first industrial cluster of net carbon

emissions in Europe. Under the agreement, the first phase of Net Zero

Industrial Park, these are: a gigafactory for batteries for electric vehicles

in Navalmoral de la Mata (Extremadura); a center for development and innovation

in the digitization of renewable energy systems; a green hydrogen generation

plant for the manufacture of electrolysers in Alcazar de San Juan (Ciudad

Real); and a wind power generation and smart wind turbine assembly plant in Las

Navas del Marques (Avila).

It is believed that this business-government partnership will catalyze Spain's

net zero transition and creation of new industry, not only for Spain but also

as an important part of Europe's "building back better" program.

During the ceremony, Prime Minister Pedro Sanchez highlighted the commitment

and importance of the partnership with Envision. He said, "We welcome this

important partnership with Envision to accelerate Spain's transition to net

zero carbon by the mid-century. Envision is a strategic partner who can provide

innovative solutions to boost our green economy."

Lei Zhang, CEO of Envision said "We are fully committed to supporting Spain's

national agenda on net zero transition. The creation of new industrial

opportunities such as the Net Zero Industrial Park will unlock the vast

potential of renewable energy in Spain and serve as a gateway to building a

pan-European greentech industrial ecosystem."

The electric vehicle battery gigafactory in Navalmoral de la Mata will have a

capacity of up to 50 GWh in phase 1 and will create 3,000 green jobs with high

added value when it is operational in 2025. The gigafactory is part of the

VENERGY+ Project, which consists of 12 partners from 10 Autonomous Communities

in which suppliers of vehicle parts and components would be located using

advanced technology as part of an integrated battery ecosystem. The project has

been submitted to the PERTE VEC (Strategic Project for Economic Recovery and

Transformation) for the Electric and Connected Vehicle, whose provisional

resolution with the winning bids is expected by the end of August 2022.

As the net zero technology partner of global companies and governments,

Envision aims to develop 100 Net Zero Industrial Parks in the next decade

globally, reducing global carbon emissions by 1 billion tons per year.

About Envision Group

Envision Group is a world-leading green technology company and net-zero

technology partner. With the mission of 'solving the challenges for a

sustainable future', Envision continues to promote wind and solar as the 'new

coal', batteries and hydrogen fuels as the 'new oil', the AIoT network as the

'new grid', net zero industrial parks as the 'new infrastructure' and an

ecosystem of net zero technology as the 'new industry', to create a net zero

world.

Envision designs, sells, and operates smart wind turbines, storage system and

green hydrogen solutions through Envision Energy; AIoT-powered batteries

through Envision AESC; and the world's largest AIoT operating system through

Envision Digital. It also manages Envision-Sequoia Capital Net Zero Fund and

owns the Envision Racing Formula E team.

On April 22, 2021, Envision announced that it will achieve operational carbon

neutral by 2022 and its value chain carbon neutral by 2028.

SOURCE Envision Group

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=425577

   Caption: Pedro Sanchez, President of the Government of Spain and Lei Zhang, CEO of

Envision at the MOU Ceremony in Navalmoral de la Mata (Cáceres, Spain)

   Link: http://asianetnews.net/view-attachment?attach-id=425578

   Caption: Pedro Sanchez, President of the Government of Spain at the MOU Ceremony in

Navalmoral de la Mata (Cáceres, Spain)