Strategic partnership signed between Neopet and ACE Engineering for state-of-the-art energy systems development

• Energy • Company articles • 17.09.2024

On August 25, 2024, a significant event took place in the world of technology and sustainable energy solutions – the official signing of a strategic partnership between innovative Bulgarian company Neopet and South Korean engineering leader ACE Engineering & Co. Ltd. This partnership brings together the strengths of both companies to develop innovative Battery Energy Storage Systems (BESS), which are expected to have a profound impact on the renewable energy market.

This collaboration represents a global effort toward energy independence and sustainable solutions. Neopet, based in Bulgaria, is establishing itself as a key player in the field of green technologies and innovation. Meanwhile, ACE Engineering, known for its cutting-edge engineering innovations, has long been at the forefront of developing high-tech energy systems across Asia and worldwide.

Technologies that will change the future of the energy industry

The agreement goes beyond a mere formal alliance; it commits both companies to share knowledge and expertise, while working together on various business and marketing initiatives. The partnership is expected to accelerate the implementation of energy solutions that will meet the growing global demand for sustainable energy sources.
"We are extremely proud to have the opportunity to partner with ACE Engineering, which will allow us to expand our influence and capacity in the field of energy storage. This is a huge step for our company and for the future of renewable energy in the region," said Sevdalina Petkova, Chief Operating Officer of Neopet.

Danny You, CEO of ACE Engineering, also emphasized the importance of this partnership: "This agreement represents a new chapter in our global strategy to implement sustainable energy solutions. Together with Neopet we will strive to create new technologies that will reshape the future of the energy industry."

The term of the partnership is set for 12 months, with both parties continuing to work on specific contracts and projects that will be signed at a later stage. This collaboration is expected to expand and deepen, opening new horizons for both the regional and international energy technology markets.