Theodore (Ted) Peck
Borqs Technologies Inc. has obtained strategic funding of $16 million for development of its solar plus energy storage enterprise within the markets outdoors of Hawaii, significantly in California.
The majority of this financing is led by TDR Capital Pty Ltd., a personal fairness fund in Australia that focuses on rising firms in numerous industries together with solar. The funds raised will probably be used primarily for growth of solar subsidiary Holu Hou Energy LLC’s (HHE) enterprise in mainland U.S., beginning with California, together with participation in power buy agreements (PPA).
HHE has propriety know-how to permit sharing of power on the direct present (DC) degree.