Earthasia International Holdings Ltd. (ETIHY) Announces Corporate Update
Assessing expansion strategies
Eco design division conferring with 8 major cities to architect recharge parks
NEW YORK, NY / ACCESSWIRE / March 2, 2021 / Earthasia International Holdings Ltd. (the Company ) ( Earthasia ) (OTCQX:ETIHY) (HKEX:6128), a leader in graphene products and technologies and a manufacturer of spherical graphite and graphene technology for the renewable energy sector, is pleased to provide a corporate update.
The recent Board approval to change the Company s name from Earthasia International Holdings Ltd. to Graphex Group is the first of a number of strategic actions to accurately reflect the Company s focus on graphene research, manufacturing and development and further capitalize on the opportunities the graphene sector presents.
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There has been significant recent growth in Australia s energy storage sector and indications suggest that the pace of development is only going to increase.
Recent examples have included the expansion of the Hornsdale Power Reserve, commencement of work on the 300MW/450MWh Victorian Big Battery, and announcement of a pipeline of nearly 3GW of new battery storage projects by other developers.
Why are we seeing such growth in the energy storage sector?
Renewable generation continues to increase
Australia s energy industry is in rapid transition from a centralised coal generation system to a highly diverse and de-centralised system dominated by large and small scale renewable generation.
Solar capacity installations in 2021 could hit 209GW - reNews renews.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renews.biz Daily Mail and Mail on Sunday newspapers.
Science shows that as we pollute our atmosphere with greenhouse gases like carbon dioxide and methane, the world heats up, causing disasters such as floods, drought, wildfire, hurricanes and ocean acidification. The climate catastrophe is not some remote risk; it is happening now and will certainly get worse. In New Mexico, we are in extreme drought and have already lost much of our mountain forests to wildfire and insect infestation.