United Warehouse Expands Commitment to Sustainability with New Solar PV System Deal

On February 26, 2025, United Warehouse Limited, a subsidiary of Marvion Inc., took a significant step towards promoting sustainability and diversifying its income streams by signing a new Solar Photovoltaic (PV) System Service Agreement with Starwarehouse Engineering Limited. This collaboration highlights United's focus on leveraging renewable energy to enhance operational efficiency and contribute to environmental goals.

A Step Towards Green Energy

Under the terms of the agreement, Starwarehouse will design, install, and commission a new solar PV system with a capacity of 170kW, which will be mounted on the rooftop of one of United Warehouse's facilities in Yuen Long, New Territories. The installation will involve 512 units of 520W flexible solar panels along with additional infrastructure, such as inverters and isolation transformers. The energy generated will be sold to CLP Power Hong Kong Limited under the Feed-in Tariff (FiT) scheme, ensuring a stable and long-term revenue source for the warehouse company.

This initiative follows an earlier PV system installed in October 2024, effectively consolidating United's ongoing commitment to renewable energy. The new solar installation is scheduled to go live in 2025 and will remain operational until December 31, 2033. It is projected to significantly contribute to the generation of clean energy, positively impacting both the environment and the company's operational costs.

Leadership's Vision of Sustainability

Marvion Inc.'s CEO, Chan Sze Yu, praised the deal as a blend of sustainability and financial acumen, stating, "This new agreement not only reflects our commitment to green energy but also demonstrates our ability to balance long-term financial returns with social responsibility. We are excited about the economic and environmental advantages this installation will provide, further reinforcing our competitive edge in the market."

The collaboration underscores the mutual benefits both companies hope to achieve, with Starwarehouse expressing its honor in contributing to United's sustainable energy goals. They aim to deliver a state-of-the-art system designed for safety and efficiency, ensuring long-lasting environmental benefits.

Key Benefits of the New Agreement

Revenue Diversification

The solar PV system will provide an additional stream of revenue for United Warehouse by generating income through CLP's Feed-in Tariff scheme, which pays for renewable energy supplied to the grid.

Supporting Sustainability Goals

The project aligns with Hong Kong's broader carbon neutrality ambitions by significantly reducing United's carbon emissions, advocating for a cleaner energy future.

Long-Term Collaboration

The agreement, valid until 2033, establishes a long-term partnership that is designed to benefit both parties and fortify their respective positions in the energy transition sector.

Risk Management

Overseeing project operations will be facilitated by built-in provisions for insurance, maintenance, and uncontrollable circumstances, ensuring that the project runs smoothly throughout its duration.

In conclusion, this development reflects Marvion and United Warehouse's dedication to sustainable practices and positions Marvion Inc. as a forerunner in promoting environmental responsibility in logistics and warehousing. As they proceed with this venture, the company remains committed to delivering efficient services while actively participating in the green energy movement.

About Marvion Inc.

Marvion Inc. (OTC: MVNC) specializes in providing logistics and storage solutions within the Hong Kong market, streamlining transportation and warehousing for business clients. The company continues to pursue innovative strategies aimed at enhancing operational efficiency while ensuring environmental integrity.

For more information and updates on the project, explore United Warehouse's website at http://www.unitedksk.com