GCL and Ocean Sun Sign Partnership Deal

SHANGHAI,June 4,2019 -- GCL System and Ocean Sun are to cooperate on the development of a PV module for Ocean Sun's floating solar solution and floating solar utilities. Thepartnership was announced at a signing ceremony held on June 4 at the SNECduring the PV Power Expo 2019.

Ocean Sun - GCL System Cooperation Agreement Signing Ceremony

The floating PV market is a significant growth market. The World Bank has identified a TW potential for floating solar on human-made reservoirs alone.

The GCLand Ocean Sun technology partnership will optimisea PV module for the floating solution. The reach and production capacity of GCL manufacturing operations will facilitate rapid deployment for Ocean Sun.

"Establishing a technology and development partnership with GCL is a major milestone for Ocean Sun,and will enable optimisation of the technology for large scale deployment. We are very pleased with having GCL as a partner,and look forward to taking floating solar to the next level," says Oyvind Rohn,CEO and Borge Bjorneklett,Chairman and CTOof Ocean Sun.

About Ocean Sun:

Ocean Sun is a developer of technology for floating PV systems. The company has proprietary technology based on photovoltaic panels mounted on a hydro-elastic membrane that minimizes the use of materials and enables direct cooling of the PV cells,increasing production efficiency. Ocean Sun has since 2017 operated several pilot and demonstration facilities in Europe and Asia.https://www.oceansun.no

About GCL System:

GCL System is part of the GCL Group,a global energy conglomerate,China's largest non-state owned Energy Company with a focus on new energy,clean energy and related services. GCL SystemIntegration currently has operations all over theworld and has five module production basesin mainland China andone in Vietnam,with a production capacity of 6GW,and anadditional 2GW of high-efficiency battery capacity,making it aworld-class module producer. https://www.gclsi.com/

Photo - https://photos.prnasia.com/prnh/20190604/2486357-1