Blockchain Press Releases
Sungrow to Provide Penso Power and BW ESS with 260MWh Battery Storage in the UK
Sungrow will supply Penso Power and BW ESS with utility storage equipment for the first BESS Project within a broader pipeline at Bramley in Hampshire (England). The project will contribute significantly towards UK energy security and the resilience of the electricity system.
MUNICH, July 4, 2023 /PRNewswire/ — Sungrow, the international battery storage manufacturer, will supply Penso Power and BW ESS with the equipment for the fully consented 100 MW / 260 MWh project in Bramley, Hampshire. This is another energy storage system (ESS) collaboration between Sungrow and Penso Power, with Sungrow recognised as a forerunner in the industry.
Bramley is an important project in Penso Power and BW ESS’s development partnership and is expected to play a significant role in supporting UK energy security and ensuring the resilience of the electricity system. Once operational in 2024, it is set to participate in grid balancing and ancillary services and wholesale energy trading, essential to the grid’s security.
Sungrow will supply the project with the latest PowerTitan 2.0 liquid cooled energy storage system, in which the power conversion system and battery are integrated into one 20Ft container. A key benefit of choosing Sungrow as a supplier is the optimised CAPEX and OPEX cost.
James Wu, Senior Vice President of Sungrow said:
“As an industry leader in utility storage, Sungrow welcomes the opportunity to work with Penso Power and BW ESS on this important energy project for the UK. We previously collaborated with Penso Power on their 100 MW Minety battery energy storage system in 2019 and are proud to supply the new Bramley project – the first of several projects with 260MWh battery storage in the UK. We look forward to collaborating further with Penso Power on their global project pipeline, including Australia and Italy.”
Penso Power develops, deploys, owns, and operates grid-scale battery energy storage projects to support energy security and the energy transition. Penso Power and BW ESS announced a joint venture agreement in October 2021 that will see BW commit capital to fund the build-out of Penso Power’s project pipeline with Sungrow as a preferred supplier. Bramley is the first scheme to be built by the Penso Power/BW ESS joint venture.
Richard Thwaites, CEO of Penso Power commented:
“Penso Power is pleased to be working with Sungrow on this important project. We consider Sungrow to be a technology leader in the energy storage field and we have been particularly impressed by the Sungrow energy storage product and the advantages that it offers.”
Sungrow is a pioneering company that entered the energy storage market early on and has achieved top rankings, being recognized as the number one global shipment provider of energy storage systems for seven consecutive years among Chinese companies. The company has also received notable recognition for its contributions to the industry, as it has been awarded the world’s first iF Design Award in the utility-scale energy storage system category for its innovative product, PowerTitan. As of now, Sungrow has contracted a total of nine Gigawatt hours of orders globally for the PowerTitan system, which is a testament to its success and credibility in the industry.
About Sungrow
Sungrow Power Supply Co., Ltd. is the world’s most bankable inverter brand with over 340 GW installed worldwide as of December 2022. Founded in 1997 by University Professor Cao Renxian, Sungrow is a leader in the research and development of solar inverters with the largest dedicated R&D team in the industry and a broad product portfolio offering PV inverter solutions and energy storage systems for utility-scale, commercial & industrial, and residential applications, as well as internationally recognised floating PV plant solutions, NEV driving solutions, EV charging solutions and renewable hydrogen production systems. With a strong 26-year track record in the PV space, Sungrow products power over 150 countries worldwide. Learn more about Sungrow by visiting www.sungrowpower.com.
About Penso Power
Penso Power (www.pensopower.com ) develops, deploys, owns, and operates grid scale battery energy storage projects to support energy security and the energy transition. Penso developed the Minety battery storage scheme in Wiltshire, England. When it entered operation in 2021, it was Europe’s largest operational battery storage project, initially 100MW / 136MWh with plans to extend to 150MW / 266MWh.
About BW ESS
BW ESS is a leading investment platform in the battery energy storage systems (BESS) space, with a significant portfolio of projects in the United Kingdom and Sweden, with an investment focus that also spans Europe, Australia, and the United States. The company is part of BW Group, which is a global energy and maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.
The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.
Dark Visual Design and Storytelling Behind Wukong
The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.
The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.
Key Features of the Wukong Slot Game:
Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.
Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.
Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.
“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.
About BC.GAME
BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.
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Blockchain Press Releases
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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