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Enersize receives first larger customer payment from revenue sharing project in China

Enersize has now received the first 300 000 EUR payment from Beijing Opto Electronics (BOE) based on accomplished energy savings. The total expected income for Enersize during the BOE contract period alone is estimated to exceed 1.2 MEUR.

BOE is one of the world’s largest flat screen manufacturers and is Enersize’s first major customer to enter into the project revenue sharing phase. Enersize’s other ongoing projects in China are also expected for upcoming revenue sharing payments.

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Enersize secures first order in Chinese automotive industry

Enersize will implement a major energy savings project for Chinese car & truck manufacturer Beiqi Foton Motor Co., Ltd. (Foton), Beijing factory.

20-25% energy savings for the factory’s compressed air systems is targeted, with an estimated savings potential of 1 Million Euro during the four year contract period.

Foton is ranked the fourth most valuable automobile brand in China and it’s parent company, Beijing Automotive Group (BAIC Group) is a Global Fortune 500 company. The factory produces more than 70,000 vehicles each year and has over 3,000 employees. Foton operates more than 10 similar factories in China

The agreement marks a significant opening into the Chinese automobile industry for Enersize and comes at a time when the company is negotiating several larger projects with a number of automobile manufacturers in China.

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