JERSEY CITY, N.J. and SYDNEY, July 2, 2024 /PRNewswire/ -- Global investment and trading technology solutions provider ViewTrade Holding Corporation has launched in Australia in a bid to deliver enhanced global market access, reduce inefficiencies caused by legacy infrastructure, and create investment avenues for the $9 trillion of superannuation assets expected to amass by 2041.
ViewTrade has also calculated that its technology and operational solutions, particularly for crossborder investing, could bring efficiencies not currently available to the Australian wealth industry, creating savings of nearly USD $160 million annually given the scale of wealth under management.
Unlocking more efficient and broader access to global markets would also enable Australian investors to capitalise on new opportunities for diversification and returns.
ViewTrade therefore hopes to create significant value for Australia and its financial services ecosystem, which it sees as having quite an exceptional talent pool thanks to the significant complexity of the regulatory landscape.
Tony Petrilli, CEO of ViewTrade Holding Corporation, said: "Launching in Australia underscores ViewTrade's dedication to empowering financial institutions and wealth management firms across the globe. But it is particularly exciting for us to launch into such a promising market as Australia, where we have incredible wealth management expertise and high potential for growth. We can't wait to work with partners on the ground, given the sophistication and talent in the local market."
As of year-end 2023, ViewTrade carried over USD $20 billion in assets under administration globally. In cross-border transactions, it also brokered 58.2 billion equity shares, USD $860.9 billion in equity orders, and 16.7 million option contracts between 2020 and 2023.
This makes ViewTrade one of the largest B2B-only, cross-border investment solution providers globally.
Its new Sydney-based regional HQ makes Australia the 30th country where ViewTrade provides its suite of solutions including cross-border and multi-asset investments, custody, and funding for broker-dealers, super funds, wealth advisors, and fintechs.
The new entity is now operating under the name ViewTrade International Australia (VTIA), and will be used to expand an already-significant APAC presence, with plans to also expand its existing presence in the Middle East.
VTIA is helmed by CEO Nigel Singh, whose 20 years' experience within wealth management, capital markets, and investment technology includes establishing Morgan Stanley's flagship Private Wealth Management (PWM) operation in Australia.
Singh is joined by Chief Operating Officer Carl Brazendale, a financial services veteran with 13 years' experience at BNY Mellon's Pershing division, and leadership roles at global fintech providers such as GBST and Broadridge. Former Morgan Stanley director and FinClear exec, Kerri Buggy VTIA's the Operations Manager.
According to Singh, the immense opportunity lies in the ability of ViewTrade's local team to work closely with Australian firms to create significant efficiencies through world-class technology and unparalleled global access, significantly reducing Time-to-Value (TTV) creation for clients looking to achieve their strategic and tactical goals.
Nigel Singh, CEO of ViewTrade International Australia, said: "The Australian market is ripe with potential, huge financial services and wealth sector, exceptional talent pool, and strong yet balanced regulatory landscape.
"I am excited to work closely with local Australian firms to deliver the same market-leading levels of innovation and efficiency that ViewTrade has delivered in other markets globally.
"Our local Australian expertise and strong belief in the value and potential of the Australian financial services industry as a whole will position us strongly to succeed from day one. We couldn't be more excited to build bespoke solutions tailored to the strengths and needs of this critical market to help realise its enormous potential."
Please contact Laura for any interview requests: ‪laura@thirdhemisphere.agency
For media inquiries in the US, please contact: viewtrade@forefrontcomms.com
ViewTrade (www.viewtrade.com) is a global leader in investment and trading infrastructure solutions that power cross-border investing for financial services firms throughout the world. ViewTrade provides the technology, support, and brokerage services that business innovators need to launch or enhance retail investing experiences. For more than 20 years, ViewTrade has partnered with over 300 clients – from technology startups to large banks, brokers and advisors – to deliver innovative investment solutions and exceptional customer service.
This communication is not an offer to buy or sell securities and is not a recommendation regarding any investment or investment strategy by ViewTrade International Australia Pty Ltd (ACN 676 490 056). Any financial advice or information provided is general in nature and provided for illustrative purpose only and does not take into account any person's personal objectives, financial situation or needs. Investing involves risks and past performance is no guarantee of future results. We recommend that before any person acts on any advice provided, they seek advice from a licensed and/or authorised financial adviser to determine whether the advice provided is appropriate to them taking into account the individual's personal circumstances. ViewTrade International Australia Pty Ltd does not accept liability for errors or omissions in the contents of this communication.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ViewTrade launches in Australia to deliver enhanced global market access, nearly USD $160M in possible savings
Trinasolar's latest solar energy innovations for Thai industry aligns with PDP 2024 and the Thai Government's policy to increase renewable energy usage.
BANGKOK, July 4, 2024 /PRNewswire/ -- Trinasolar, a global leader in smart photovoltaic (PV) and energy storage solutions, is proud to announce its strategic expansion into Thailand's renewable energy sector. Leveraging nearly three decades' worth of experience in the solar industry, Trinasolar brings globally leading technology for solar modules, trackers and energy storage systems to serve a diverse range of sectors, including utilities, commercial and industrial projects (including manufacturing, healthcare and hospitality), as well as residential projects. It opines that robust Solar + Battery Energy Storage Systems (BESS) will be a key component to meet the kingdom's energy commitments.
According to Thailand's Power Development Plan (PDP), renewable energy is projected to rise to 51%, a significant increase from 20% last year, with solar energy expected to make up about 70% of this total. Another key aspect of the PDP is the introduction of Demand Response measures, which encourage consumers to adjust their electricity usage patterns based on varying electricity prices throughout the day. This aims to enhance the potential for reducing peak electricity demand (Peak Demand).
The country's Smart Grid plan sets a target of achieving 1,000 megawatts in peak demand reduction and an additional 1,000 megawatts through the use of Distributed Energy Resources (DER). These resources, such as small power generation systems and BESS, will be integrated into microgrid systems to provide reliable energy sources.
This ambitious plan is a crucial step towards achieving Thailand's carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.
Meanwhile, the Electricity Generating Authority of Thailand (EGAT) is pioneering clean energy production by combining solar energy with hydroelectric power from dams. The Hydro-Floating Solar Hybrid project, a cornerstone of this initiative, aims to build 16 projects nationwide with a total production capacity of 2,725 megawatts (MW). The pilot projects at Sirindhorn Dam, Ubon Ratchathani Province, and Ubonrat Dam, Khon Kaen are already operational with a capacity of 45 MW and 24 MW AC respectively.
Dave Wang, Sub-Region Head for Asia Pacific at Trinasolar, commented, "It is an opportune time for the Thai government's policy towards clean energy, with rapid technological advancements from leading companies like Trinasolar significantly lowering solar energy costs in the past decade. As the only total solutions provider in the industry, Trinasolar's combination of solar panels, trackers and energy storage solutions, can unlock further value and help the Kingdom in achieving its ambitious net-zero targets."
For instance, its award-winning Vertex N panels combines the two top technologies in the market: n-type i-TOPCon technology and 210mm wafer size technology, resulting in world-record setting power output (740.6W in lab) and higher efficiency. Having a comprehensive solar solutions provider like Trinasolar is a paradigm shift in the industry as its high-power modules can work hand in glove with its tracker and energy storage solutions, providing system stability. Moreover, having one procurement source also streamlines logistics and after-installation services.
He added that Trinasolar will prioritize floating solar solutions and energy storage systems to support the Thai government's initiatives to boost renewable energy in the electricity sector.
Floating solar farms, which maximizes available space and benefits from water's natural cooling effect, is gaining popularity worldwide.
In Thailand, Trinasolar has implemented a 24 MW AC floating solar plant at Ubonrat Dam in Khon Kaen, which has been operational since March 2024. This project is expected to cut CO2 emissions by 41,000 tons and generate 46 million kWh of electricity annually, supporting approximately 18,000 homes. Its Vertex series panels are also used in prominent solar farms in India, Malaysia, Vietnam and Singapore.
With the wide-scale adoption of solar, coupling solar modules and BESS for utility-scale projects presents a new dimension of benefits. Batteries store excess solar energy during the day, and can release it when required, reducing reliance on the grid during peak hours, providing greater grid flexibility and ensuring a constant and efficient energy supply. For example, hydro-floating solar plants can produce electricity from solar energy during daytime and hydropower during night-time. Meanwhile, the BESS will sustain electricity generation during the transition of electricity generation between the two energy sources. Another key advantage is that electricity generated by other renewable energy sources, for instance thermal and wind energy, can also be integrated into the energy storage system. Combined with high-capacity lithium iron phosphate (LFP) battery cells like the Trina Storage Cell with a robust lifecycle of about 20 years, this translates to a lower levelized cost of storage (LCOS) making renewable energy projects more economically competitive. Overall, this approach can enhance the Loss of Load Expectation (LOLE) and improve energy resilience, which is crucial for maintaining critical services.
Trinasolar Solutions at ASEW
Trinasolar's commitment to "Solar Energy for All" aligns with Thailand's PDP and net-zero goals. As the only company offering a total solutions package – solar panels, solar tracking systems, and energy storage – Trinasolar ensures lower levelized cost of electricity (LCOE) and balance of system (BOS) costs.
Trinasolar will showcase its latest suite of solar solutions at the ASEAN Sustainable Energy Week (ASEW) in Bangkok. Highlights include the Vertex N series modules, the upgraded TrinaTracker Vanguard 1P and 5MWh Elementa 2 energy storage solution which features Trina's proprietary 314Ah LFP cell.
For more information, visit Trinasolar's exhibit and discover how their innovative solutions can drive the future of clean energy in Thailand and beyond.
Trinasolar will be at Hall 3, Booth R29, Queen Sirikit National Convention Center, from 3rd – 5th July 2024.
About TrinaSolar
Founded in 1997, Trinasolar Co., Ltd., specializes in PV products, system solutions, and smart energy. Our PV products encompass research and development, production, and sales of PV modules. Our PV systems include power stations and related products. In smart energy, we focus on PV power generation, operation and maintenance, energy storage solutions, smart microgrids, and the development and sales of multi-energy systems. We are dedicated to leading the way in smart solar energy solutions and supporting the transition to new power systems for a net-zero future.
Globalization is a key strategy for Trinasolar. From its inception, the company has been building its global presence. TrinaSolar was founded in Changzhou, Jiangsu Province, China, where our global headquarters remain. In 2022, we established our international headquarters in Shanghai and have been actively strengthening our global teams. In recent years, we have recruited top management and R&D talents from over seventy countries and regions. We have regional headquarters in Zurich, Silicon Valley, Miami, Singapore, and Dubai, along with offices or branches in Madrid, Mexico, Sydney, and Rome. We also have manufacturing bases in the USA, Thailand, Vietnam, Indonesia, and the UAE, and we operate in more than 170 countries and regions worldwide.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Trinasolar Introduces Advanced Solar Energy Innovations to Thailand, Supporting Clean Energy Initiatives
