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Strategic Partnership Signed Between "Neopet" and "ACE Engineering" for Energy Systems Development
September 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 the innovative Bulgarian company "Neopet" and the South Korean engineering leader "ACE Engineering & Co. Ltd." This partnership brings together the strengths of both companies to develop Battery Energy Storage Systems (BESS), which is expected to have a profound impact on the renewable energy market.
This collaboration represents a global effort toward energy independence and sustainable solutions. "Neopet", rooted 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.
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.
On the other hand, Danny You, CEO of "ACE Engineering," 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.
Neopet Ltd. Celebrates First Successful Contract Completion: Delivery of 215kWh Battery Energy Storage System in Saedinenie, Plovdiv District
August 2024
Neopet Ltd. is proud to announce the successful completion of its project, marking a significant milestone in the company's journey. The contract, centered around the delivery and installation of a cutting-edge 215kWh Battery Energy Storage System (BESS) at a site in Saedinenie, Plovdiv District, has been executed with outstanding results, underscoring Neopet Ltd.’s growing expertise and commitment to advancing sustainable energy solutions.
The project involved the supply, installation, and commissioning of a Battery Energy Storage System with a capacity of 215kWh. Located in Saedinenie, a town within the Plovdiv District, this system is designed to enhance the stability and efficiency of the local energy grid. By providing reliable energy storage, the BESS allows for better management of energy supply and demand, reducing the risk of outages and supporting the integration of renewable energy sources.
This project is particularly significant as it represents Neopet Ltd.'s first major contract in the energy sector, setting the stage for future growth and establishing the company as a key player in the industry.
Successful Completion of Contract with Waldevar Energy S.R.L. for the Delivery of Transformer Stations in Topoloveni, Romania!
July 2024
We are pleased to announce the successful completion of our contract with Waldevar Energy S.R.L. for the delivery of transformer stations with a capacity of 2x2500kVA, 20/0.8kV each. The project, located at the site in Topoloveni, Romania, has been executed with precision and efficiency, resulting in a highly satisfactory outcome for both parties.
The contract, which involved the supply and installation of three transformer stations, was part of a broader initiative to enhance the electrical infrastructure in the Topoloveni area. These transformer stations are critical components in ensuring reliable and efficient power distribution across the region. The transformers are designed to meet the latest industry standards, ensuring optimal performance and
longevity.
The success of this project paves the way for future collaborations between our company and Waldevar Energy S.R.L. As we continue to explore opportunities in the energy sector, we remain committed to providing top-tier solutions that meet the evolving needs of our clients and the communities they serve.
Neopet Ltd. at the Smarter Expo in Munich, Germany!
Thank you to all our current and future partners! It was a great pleasure for us to meet you and discuss the possibilities of cooperation.
19-21 June 2024
Business colaboration!
31.01.2024
In a groundbreaking development that promises to reshape the landskape of business colaboration, Neopet Ltd. is thrilled to announce the signing a significant contract with one of Romania's most esteemed companies, Waldevar Energy. This strategic alliance marks a pivotal moment in both companies' trajectories, as they join forces to drive innovation, foster economic growth, and cultivate a collaborative spirit.The agreement spans the energy sector, reflecting the diverse expertise each entity brings to the table. Neopet known for its commitment to excellence and cutting-edge solutions, is poised to leverage its technological prowess to enhance various aspects of Waldevar's operations. This collaboration is not merely a contractual arrangement but a synergistic partnership that is set to redefine industry standards. We are elated to embark on this journey with Waldevar, a company that shares our commitment to innovation and excellence. Together, we aim to achieve new heights and set a new benchmarks for the industry. The total capacity of the project is 51 MW. The investor of this unique project is INVL - Lithuanian investment company, which invests in renewable energy facilities in the European Union. The objective of the fund is to invest and manage 200+ million EUR worth of solar and wind farms in the European Union. The fund is currently focusing on projects in Central East Europe.
Green H2 Plant - Neopet Ltd
22.09.2023
Renewable electricity can be converted to hydrogen via electrolysis, which can couple continuously increasing renewable energy with all the end uses that are more difficult to electrify. This coupling also allows electrolysers to provide flexibility to the grid, complementing alternatives such as batteries, demand response and vehicle-to-grid in smart electrification.
NEOPET is developing the technology that, we can store this clean hydrogen compressed in specific tanks. And later, when we need energy, this element is channelled into a fuel cell, where we combine hydrogen with oxygen from the air to produce electricity and the only by product produced is water.
Installation of Complete Transformer Station
and MV Switchgear!
28.07.2023
Customer: Solar Service Ltd.
Installation of Complete Transformer Station!
24.07.2023
Customer: Samuilovo Solar Ltd.
Installation of Complete Transformer Station
and MV Switchgear!
18.07.2023
Customer: Malenovo Solar Ltd.
Installation of Complete Transformer Station
and MV Switchgear!
13.07.2023
Customer: Land Investment Ltd.
Neopet Ltd. at the SOLAREX Turkey exhibition!
07.04.2023
The Neopet company presents its products at the major international exhibition SOLAREX, Turkey. Customers from all over the world were familiar with the products and innovative solutions combined with a pleasant look.
New Product
Complete Transformer Station-MTSM36C5
26.11.2022
On November 26, 2022, Neopet company officially presented the latest addition to its product portfolio – Complete Transformer Station type MTSM36C5.
The event took place in the company's production workshop in Stara Zagora, where guests had the opportunity to see live a fully equipped and ready-to-use facility.
The new product is a metal 20-foot container that contains a transformer station to step up an input voltage of 400 to 800 VAC from, for example, a photovoltaic plant and step it up to medium voltage 6.3/10/20 and 36 kV for the purpose of selling the electricity to power companies. The insulation voltage of the product is 36 kV.
The transformer substation combines everything necessary such as monitoring equipment, remote control and safety for a continuous process of production/transformation and sale of electricity, the company states.
The facility has a wide range of applications in the mining and chemical industries, the energy sector, including power distribution, oil and gas and renewable energy, and heavy industry.
Improve the existing transport infrastructure through reconstruction of trolley contact electrical grid and rectifier stations
28.10.2021
Neopet Ltd. started a new project in municipality Sliven. Project had started with official ceremony together with major of town Sliven, Mr. Stefan Radev. The purpose of the project is improve the existing transport infrastructure through reconstruction of trolley contact electrical grid and rectifier stations ‘’ Drujba’’, ‘’Georgi Kirkov’’. During the reconstruction should be supplied and installed new DC switchgears, MV switchgears, dry type distribution transformers and other equipment.
Gas pipeline "Balkan Stream"
04.12.2020
Neopet Ltd. finished all construction activities on gas pipeline "Balkan Stream" with installation of 20kV pole on site Vulchedrum.
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