Changes in Hong Kong stocks | The Ningde Era (03750) rose more than 4% and received a big 4GWh energy storage order, and the Indonesian factory can expand production to more than 15 GWh

The Zhitong Finance App learned that the Ningde Era (03750) rose by more than 4%. As of press release, it had risen by 2.93% to HK$513, with a turnover of HK$603 million.

According to the news, according to market media reports, recently, Ningde Times signed a framework supply agreement with Singaporean renewable energy developer Vena Energy to provide a 4GWh EnerX battery energy storage system solution to its Indonesian subsidiary. The energy storage system uses 530Ah high-capacity batteries, and each 20-foot standard container has a capacity of up to 5.6 MWh.

This supply is part of a large-scale integrated optical storage project in Indonesia's Riau Islands. The project plans to build more than 2 GWp photovoltaic power plants and supporting energy storage, and will eventually export clean electricity to Singapore through submarine cables. Previously, in July 2025, Ningde Times had reached a procurement agreement with Vanda RE (also an affiliate of Vena Group) for the first batch of 2.2 GWh energy storage systems for the project. Vena Energy chose Ningde Era and will also benefit from the battery factory that the latter is currently building in Indonesia.

It is worth mentioning that Vena Energy is headquartered in Singapore and is a subsidiary of the Asia-Pacific green energy and digital infrastructure developer Vena Group. The reason for choosing the Ningde Era is, in addition to its brand popularity, or because the Ningde Era factory in Indonesia is currently under construction, with an initial annual production capacity of 6.9 GWh, which can eventually be expanded to over 15 GWh. In the future, the region can also use the manufacturing capacity of the Ningde era in Southeast Asia to accelerate the development of regional energy storage.