Core Insights - Wang & Lee Group, Inc. has announced a collaboration to establish Hong Kong's first solar-powered crypto battery farm, a US$100 million project that integrates renewable energy with crypto-mining innovation [1][8] - The project aims to utilize Hong Kong's solar resources, which have an average annual solar irradiance of 3.8–4.2 kWh/m²/day, to drive sustainable crypto-mining and supply clean energy to local communities [1][6] Project Overview - The facility will power on-site blockchain mining operations, positioning Hong Kong as a leader in low-carbon crypto infrastructure [4] - Renewable electricity generated will be distributed to villages in the New Territories, supporting Hong Kong's 2050 Carbon Neutrality goals [5] - The project integrates advanced lithium-ion battery systems to ensure 24/7 energy stability for both mining and community energy supply [5][7] Strategic Advantages - The project aligns with ESG-focused investors seeking sustainable revenue streams and offers a scalable model for global replication [9][10] - High-efficiency solar panels and storage systems are designed to mitigate irradiance gaps, achieving competitive yields comparable to desert-based projects [10] - The initiative converts idle agricultural land into revenue-generating assets, benefiting rural communities and landowners [10]
Wang & Lee Group, Inc. (NASDAQ: WLGS) ANNOUNCES US$100 MILLION SALES AGREEMENT WITH LANDOWNERS FOR CRYPTO MINING