United States - July 21, 2022 —
Jhon Cohen acquired all stocks owned by HT-SAAE in KLARZEN GREEN TECHNOLOGY LLC USA, becoming one of the most remarkable acquisitions of the Solar Energy Industry in the mergers and acquisitions (M&A) history of the Tampa Bay Area. The financial technology transaction, settled through an undisclosed amount, will turn Klarzen Inc. into a private company to continue expanding its market share in the USA Federal Government budgeting, which is currently restricted to foreign Chinese public companies.
Press Release – Jhon Cohen acquired HT-SAAE stocks in Klarzen Inc.
Shanghai Aerospace Automobile Electromechanical Co Ltd, known worldwide as the HT-SAAE Group, manufactures and markets automobile air conditioners, sensors, antennae, and other auto parts. The Company also researches and develops aerospace and solar energy. HT-SAAE is owned and operated by China Aerospace Science Technology Corporation (CASC), a government owned enterprise established in 1956. Engaged to research, design and manufacture commercially viable space launch systems for domestic and international satellite services. HT-SAAE established in 1948 to develop solar technology for China’s Satellite program and is currently listed in the Shanghai Stock Exchange.
The HT-SAAE and Klarzen Inc. corporate legacy
HT-SAAE started its operations in America in 2012 through the Klarzen Inc. brand becoming one the biggest key players of the western Solar Energy market with photovoltaic technology, renewable energy storage and green hydrogen solutions. With the Klarzen Inc. brand name, the company built some of the largest solar energy plants in America partnering with several nationwide private equity funds.
According with the U.S. Department of Energy, the global solar power market has a potential of US$ 386 billion in 2022. A major growth factor behind the surge of green hydrogen has been the declining costs of renewable energy which is the major input in the production process. In the year 2022, energy storage with lithium technology is also expected to grow, owing to its potential long-duration and seasonal storage within stable grid connections. Solar power is more affordable, accessible, and prevalent in the United States than ever before. From just 0.34 GW in 2008, U.S. solar power capacity has grown to an estimated 97.2 gigawatts (GW) today. This is enough to power the equivalent of 18 million average American homes.
New Corporate Leadership
Jhon Cohen, who previously served as Vice President and Legal Representative of Klarzen Inc., became the new Chief Executive Officer of the holding group in America. With more than 10 years in the Financial Technology industry, the new CEO plans to take Klarzen Inc. public in the New York Exchange within the near future.
Mr. Cohen is Economist from Externado University, Master in Business Administration (MBA) from Hult International Business School, Corporate Strategist from Harvard University and Academic Advisor of the Muma College of Business at the University of South Florida.
Corporate Challenges and Path for Grow
According with the Solar Energy Industries Association (SEIA), The solar industry has invested US $12,257.25 million in Florida, including US $2,375.86 million in 2021. However, Florida’s solar policies have lagged other states: it has no renewable portfolio standard and does not allow power purchase agreements, two policies that have driven investments in solar in other states. However, thanks to utility investments in clean energy and other recent developments, significant growth is on the horizon.
Among major utilities, Duke Energy Progress was #1 for the third year in a row in terms of solar watts per customers, with more than double #2 Dominion Energy SC. That said, before this year, Duke Energy had more than half of the installed solar in the Southeast, and that changed in 2019 as other utilities gained on it.
Contact Info:
Name: Bryan Quintero
Email: Send Email
Organization: Klarzen Inc.
Address: Tampa, Florida, United States
Website: https://www.klarzen.com/
Release ID: 89078569
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