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EternalEnergy company achieves a major breakthrough: successfully acquires equity of Yunnan Zhonggu Mining in China

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EternalEnergy company achieves a major breakthrough: successfully acquires equity of Yunnan Zhonggu Mining in China

November 06
12:25 2023

EternalEnergy is pleased to announce a historic breakthrough: the successful acquisition of a 37% stake in China’s Yunnan Zhongsilu Mining Company, and the official launch of the construction of a silicon processing plant aimed at producing high-purity silicon dioxide, a key raw material for semiconductor manufacturing, solar cells, and the photovoltaic industry.

After two years of business negotiations, EternalEnergy successfully completed the acquisition of equity in Zhongguo Silicon Mining, laying a solid foundation for the company’s future sustainable growth. The construction of the silicon processing plant has begun and is expected to be completed and officially put into production in September 2025. This advanced facility will produce 15,000 tons of high-quality monocrystalline silicon annually, providing EternalEnergy with a stable supply of raw materials and solving the material shortage issue in the production of photovoltaic panels.

This major breakthrough will transform EternalEnergy from a company primarily focused on the research, development, production, sales, and installation of solar photovoltaic equipment into an upstream player in the photovoltaic industry. The company’s entry into the raw materials market will enable it to independently supply the monocrystalline silicon required for high-performance batteries, thereby connecting the industry chain and achieving vertical integration in the photovoltaic sector. Additionally, the company has also entered multiple segments of the industry chain, establishing internal supply and demand relationships, and creating more opportunities for sustainable development.

The company also plans to enter the blockchain industry, anchoring the value of stablecoins to the output and market value of silicon mines to ensure the relative stability of stablecoin value. In smart contracts, the production of silicon ore will be pledged to support the value of issuing stablecoins. Therefore, for every certain amount of cryptocurrency issued, a corresponding amount of silicon ore production is required as support. This innovation will introduce new stability to the cryptocurrency market, as stablecoins will be linked to the value of silicon ore and can be used for trading and transfers. This will be more attractive compared to the drastic fluctuations of other digital currencies. As the company expands in the future, EternalEnergy will seek financing not only from large investment institutions but also plans to provide opportunities for more small and medium-sized users to participate in the project and share the dividends of industry development through the issuance of encrypted stable currency.

This breakthrough marks a new opportunity and challenge for EternalEnergy in the industry. The company will continue to lead the innovation of renewable energy and actively participate in the development of blockchain technology.

For more information and the latest updates about EternalEnergy, please visit the company’s official website eternalpv.com.

About EternalEnergy Company

EternalEnergy was founded in 2011 and its business covers the research and development, sales, power plants, and product systems of photovoltaic modules. It also includes photovoltaic power generation and operation services, the development and sales of smart microgrids and multi-energy systems, as well as energy platform operations. EternalEnergy collaborates with customers to develop customized energy solutions to meet their specific needs and goals. EternalEnergy provides customers with renewable energy credits, energy storage solutions, and other innovative technologies to help them reduce energy costs and improve energy efficiency. Headquartered in the UK, EternalEnergy has offices in Singapore, Australia, Japan, the Middle East, Switzerland, the United States, and other locations. Its power plant business covers the Asia-Pacific region, Europe, North America, South America, the Middle East, Africa, and other regions, including the entire lifecycle from site selection, design, financing, procurement, construction, installation, testing, operation, to maintenance of solar power plants. We sell complete solar power plants to third-party buyers and can provide ongoing paid power plant operation and maintenance services.

Media Contact
Company Name: Eternal Energy
Contact Person: Media Relations
Email: Send Email
City: NY
Country: United States
Website: https://eternalpv.com/



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