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FINBOA Continues Growth Trajectory in Third-Quarter Performance

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Direct Sales and Distribution Partners Drive Expansion of Client Base

HOUSTON, Dec. 2, 2024 /PRNewswire/ — FINBOA Inc., a leading innovator in intelligent process automation for regulatory compliance in financial institutions, has reported a commendable 46% year-over-year increase in third-quarter revenue, indicating a steady growth trend.

Since the start of the year, 44 new financial institutions have adopted FINBOA’s Payment Disputes, bringing FINBOA’s total customer base to more than 250 financial institutions nationwide. Achieving a 50% increase in add-on sales demonstrates success in expanding business with existing clients.

“The FINBOA team is entering the final quarter of 2024 with strong momentum,” said Raj Singal, CEO and Founder of FINBOA. “With the launch of innovative offerings like our business intelligence product for disputes, we are confident in sustaining this growth into 2025. We look forward to unveiling new partnerships and expanding our solutions to drive further success.”

Driving Efficiency and Compliance
FINBOA’s Payment Disputes SaaS solution helps financial institutions ranging from hundreds of millions to tens of billions in assets reduce compliance costs, mitigate risks and enable more efficient dispute resolution.

About FINBOA

FINBOA provides intelligent process automation software to banks and credit unions to simplify dispute processing and improve regulatory compliance by eliminating manual systems. Solutions include FINBOA Payment Disputes along with companion products, FINBOA BI Disputes and AutoDecision. FINBOA delivers transformative software proven to enable institutional growth by reducing operational costs and risk.

In 2024, FINBOA received industry accolades including the US FinTech Awards 2024: Banking Tech of the Year, PayTech USA Award: Tech of the Future, Finovate Award finalist, CU Times Luminary Award for Product Innovation, Jack Henry Associates’ Cobalt Integrator’s Award and selection for the ICBA ThinkTech Accelerator’s program; as well as being named to the INC 5000 list of fastest growing U.S. businesses.

Headquartered in Houston, FINBOA is trusted to help over 250 financial institutions nationwide achieve targeted business outcomes and peace of mind.

Learn more at www.finboa.com or follow us on LinkedIn, Facebook and X Twitter.

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SOURCE FINBOA

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Explore Xinjiang with Deer: 9-Episode Adventure

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BEIJING, Dec. 26, 2024 /PRNewswire/ — A news report from xinhuanet:   

 

Join Deer on a 9-episode micro-series exploring the vibrant culture, rich traditions, and modern lives of Xinjiang’s people. From the bustling Grand Bazaar to the ancient Karez wells, and from the melodies of Muqam to the warmth of multi-ethnic communities, this journey reveals a thriving, diverse, and authentic Xinjiang far beyond stereotypes.

 

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SOURCE xinhuanet

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Trinasolar Collaborates with Energy China ZTPC and AMEA Power to Deploy Innovative Energy Storage Solution for the 300MWh Abydos Solar PV Project in Egypt

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DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Trinasolar, a global leader in smart PV and energy storage solutions, proudly announces its strategic partnership with AMEA Power to supply its cutting-edge Elementa 2 platform (5MWh) for the 300MWh Abydos Battery Energy Storage Project in Aswan, Egypt. This landmark project is the largest solar PV initiative in Africa and the first to incorporate a utility-scale Battery Energy Storage Solution (BESS) in Egypt.

Developed by AMEA Power, the Abydos Solar PV Project is a transformative expansion of the existing 500MW Abydos Solar PV power plant, which is in operation, in Kom Ombo, Aswan Governorate. By pioneering the integration of a 300MWh BESS, the project underscores Egypt’s commitment to sustainable energy innovation and resilience.

The inauguration ceremony for the 500MW Abydos Solar Power Plant, organized by AMEA Power, was attended by esteemed dignitaries, including His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, and His Excellency Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy in Egypt, alongside Trinasolar executives.

As Trinasolar’s first energy storage project in the Middle East and Africa (MEA), Abydos represents a major milestone for the company and the region. Highlighting Trinasolar’s commitment to the MEA market, Vincent Wu, Global Sales VP & MEA MU Head at Trinasolar, stated: “This groundbreaking project highlights Trinasolar’s vital role in driving innovation, ensuring safety, and supporting the region’s transition to a more sustainable and dependable energy future. We are proud to contribute to such a transformative endeavor, bringing clean energy to Egypt and setting a benchmark for utility-scale energy storage solutions in North Africa.”

Hussain Al Nowais, Chairman of AMEA Power, added: “AMEA Power is dedicated to advancing renewable energy projects that make a significant impact. The integration of Trinasolar’s innovative Elementa 2 technology at the Abydos Solar PV Project represents a key step forward in Egypt’s energy landscape and exemplifies the power of collaboration in achieving sustainability goals.”

Energy china ZTPC, founded in 1958, belongs to Energy China Construction Group Co., LTD. After decades of development, has become a set of thermal power stations, nuclear power plants, clean energy projects, power plant maintenance and repair, power grid project construction as one of the general contracting and professional contracting enterprises. The 500MW Abydos Solar Power Plant has been commercially operated. Zhang Dan, Vice President Director, stated: “Abydos project is a milestone for Egypt as well as for ZTPC. We will fully dedicate ourselves to the project construction, contributing to the energy transition in the Egyptian region.”

The deployed Elementa 2 platform (5MWh), featuring Trinasolar’s in-house vertically integrated LFP cells, is an advanced grid-scale battery storage system built for efficiency, safety, and reliability. Key features include an innovative module design to enhance energy density and compatibility with multiple PCS systems, precise thermal management through smart liquid cooling technology, and comprehensive safety systems with advanced fire mitigation and suppression features. Engineered for adaptability, efficiency, and cost-effective maintenance, this platform optimizes performance while reducing overall project costs.

As the first utility-scale energy storage project in North Africa, Abydos marks a new era of energy innovation. By integrating renewable energy with advanced storage solutions, the project enhances grid stability, minimizes outages, and accelerates the region’s shift toward a sustainable energy future.

Trinasolar remains at the forefront of the renewable energy revolution, delivering smart solar and energy storage solutions designed to empower a more sustainable future. With its Trina Storage portfolio, the company is setting new benchmarks in safety, efficiency, and innovation, enabling transformative projects like Abydos to enhance energy resilience and support the global transition to renewable energy. Together with its cutting-edge technology and commitment to excellence, Trinasolar continues to power sustainability across the world.

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SOURCE Trina Storage

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Huasun to Pioneer Heterojunction Solar Excellence at WFES Abu Dhabi 2025

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ABU DHABI, UAE, Dec. 26, 2024 /PRNewswire/ — Huasun Energy is set to redefine solar energy innovation at the World Future Energy Summit (WFES) 2025, scheduled from January 14-16 at the Abu Dhabi National Exhibition Centre (ADNEC). As a global leader in heterojunction (HJT) solar technology, Huasun will present advanced solutions tailored to meet the region’s unique energy demands.

Middle East is abundant in sunlight but prone to high temperatures, raises unique challenges for photovoltaic (PV) systems. At Booth Hall 7-7200, Huasun will showcase its cutting-edge n-type silicon-based HJT solar cells and modules, engineered for superior performance in extreme environments like deserts, offering:

Superior Temperature Coefficient of -0.24%/℃: HJT solar cell’s inherent bifacial symmetrical structure and distinctive material properties can facilitate enhanced charge carrier mobility and mitigate the risk of hotspots, ensuring consistent energy output even in scorching heat, with minimal power and efficiency loss.Ultra-High Bifaciality Nearing 100%: Maximizing energy capture by utilizing both direct and reflected sunlight, particularly advantageous in high-reflectivity environments such as deserts, bringing a substantial increase in overall power output of the modules.Strong Energy Yield: Absorbing more sunlight, extending the lifespan of solar panels, ensuring consistent performance over time. Take Saudi Arabia as example, Huasun’s 720W HJT module in the first year generates approximately 115 hours (6.95%) more compared to a 660W PERC module.Lower LCOE: Higher generation results in an increased IRR while reducing BOS, labour and other system costs, and thus deliver superior economic value to customers through a lower levelized cost of energy (LCOE).

Visitors at WFES will experience Huasun’s diverse product lineup, including the Himalaya G12-132 730W, Everest G12R-132 630W, G12R-108 520W modules, and ultra-high bifaciality module, which boosts near 100% bifaciality. These modules are equipped with Huasun’s innovative 0BB (Zero Busbar) HJT technology, which enhances reliability, efficiency, and cost-effectiveness, setting a new standard for solar energy solutions.

From improved energy yield in harsh conditions to cost savings and long-term durability, Huasun’s solutions are tailored to meet the growing demands of renewable energy markets worldwide.

With 8 GW+ shipments spanning over 60 countries, Huasun remains at the forefront of the solar industry, committed to advancing the global energy transition. Join Huasun at WFES 2025 to explore how its pioneering innovations are shaping the future of sustainable energy.

Contact Huasun Energy

Website: www.huasunsolar.com

Email: sales@huasunsolar.com

Follow “Huasun HJT” on LinkedIn for more heterojunction update

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