RelyEZ and Veers Group announce strategic joint venture to address South Africa's energy challenges

[Shenzhen & Cape Town & Barcelona, 26 June 2024] - RelyEZ, a Bloomberg Tier 1 provider of innovative energy storage solutions, and Veers Group, a pioneer in South Africa's renewable energy sector, are proud to announce at the African Energy Forum 2024 the formation of a strategic joint venture to address the pressing energy challenges in Southern Africa . This collaboration represents a significant step forward in the quest for sustainable energy solutions and underlines both companies' commitment to driving positive change in the region.

Officially incorporated as RelyEZ South Africa (Pty) Ltd, the joint venture will focus on leveraging the combined expertise, resources and technologies of RelyEZ and Veers Group to develop and deploy innovative renewable energy solutions across Southern Africa. By harnessing the power of renewable resources such as solar, wind and hydro, the company aims to address the energy crisis while driving economic growth and environmental sustainability.

RelyEZ South Africa is also committed to developing local talent and creating jobs in the renewable energy sector, thereby contributing to socio-economic growth and empowerment. The company aims to forge strategic partnerships with government, industry stakeholders and local communities to ensure the success of its initiatives and strengthen sustainability, thereby promoting a robust and lasting impact on Southern Africa's energy landscape.

Tony Wong, Chairman of RelyEZ, commented: "The formation of this joint venture marks a significant milestone in our journey towards a sustainable future. By combining our market leading R&D, manufacturing  and commercial strengths with those of the Veers Group, we can unlock new opportunities and create a lasting impact in addressing Southern Africa's energy challenges. Together, we are poised to have a positive impact on the Southern African energy and economic landscape.”

“Our collaboration aims to revolutionize energy storage solutions in Southern Africa, promoting sustainability and fostering community development.”, adds Naomi Zhang, CEO of RelyEZ, “We are committed to delivering reliable and efficient energy storage systems that will not only reduce environmental impact but also enhance the quality of life for countless communities. This partnership marks a significant step towards a cleaner, greener future, and we are proud to be at the vanguard of this transformative initiative.”

“As we embark on this journey, sustainability and reliability will remain at the forefront of our operations.”, said Hashveer Singh, CEO of Veers Group, “We are committed to ensuring that our partnership with RelyEZ significantly contributes to the energy sector while making a positive impact on society. We are eager to share this journey with the nation and the rest of the continent as we play a pivotal role in building a more sustainable and empowered future for all.”
 

About RelyEZ

RelyEZ is a pioneering force in shaping the energy future by developing and manufacturing state-of-the-art storage solutions that serve as catalysts for the evolution of renewable energy power systems. With extensive expertise ranging from large-scale grid installations to commercial deployments and advanced microgrids, RelyEZ combines human-centric values with groundbreaking technologies to not only advance reliable renewable energy, but also empower communities worldwide.

About Veers Group

Veers Group is a proudly South African black-owned and operated company with an excellent track record in enhancing the quality of life for South Africans and making a substantial contribution to the nation's energy sector. Through its various subsidiaries, it continues to create multiple work and economic opportunities particularly for the youth of our country. With expertise spanning finance, pre-construction, construction, and sustainability of several renewable energy projects in Southern Africa, Veers Group operates through multiple interlinked arms, creating an ecosystem that generates significant and sustainable impact. The mission embedded throughout its operations is to be at the forefront of sustainable development across Africa by providing innovative and sustainable energy solutions.

For media enquiries please contact:

Europe: Marcel Berton, marcel@relyez.com

Africa: Nicol Chaminama, nicol@veersgroup.com