Euroheat & Power (EHP) and the International District Energy Association (IDEA)

SAITECH LIMITED

SAITECH will work with the world’s leading energy and energy service companies, utility operators, heating equipment manufacturers, universities and research institutes through the two associations to promote clean heating with the innovation of Bitcoin and the liquid cooling expertise of SAITECH.

SINGAPORE, March 28, 2022 (GLOBE NEWSWIRE) — SAITECH Limited (“SAITECH” or the “Company”), an energy-efficient bitcoin mining operator and clean technology company that integrates the mining, heating and Bitcoin Electricity, headquartered in Singapore, today announced that it has joined two international not-for-profit district heating associations, including Euroheat & Power (EHP), headquartered in Brussels, Belgium, and the International District Energy Association (IDEA), headquartered in Westborough, Massachusetts, USA. Both organizations have extensive experience and network in global district heating and cooling associations, major energy and energy service companies, utility operators, equipment manufacturers and suppliers, universities, research institutes and consultancies that actively promote sustainable heating and cooling and the decarbonisation of this sector.

The EHP is one of the main associations for the heating and electricity industry in Europe and has more than 130 member organisations, including most of the key players in energy and energy services in European countries, such as ENGIE (France), E.ON (German), Vattenfall (German), Fortum (Finland), SVP (Netherlands), VEKS (Denmark), Alperia (Italy) and world leading engineering and manufacture of heating and cooling equipment such as Siemens (Switzerland), ABB (Denmark), Danfoss (Denmark), Uponor (Finland), Vexve (Finland), Veolia (France) etc. The EHP maintains an active dialogue with European decision-makers on energy policy and advises its members on all relevant EU policy developments and works to advance sustainable heating and cooling in Europe and beyond.

IDEA is a not-for-profit industry association founded in the United States in 1909. It has over 2,400 industry professionals representing more than 30 countries around the world and the district energy industry. IDEA leads members’ efforts to provide reliable, economical, efficient and environmentally friendly district heating, district cooling and combined heat and power. Its member organizations cover most major heating and cooling equipment manufacturers, utility companies, campus energy systems and service providers, particularly in the United States and Canada, including AB Holdings, AECOM , Aecon Utilities, Akron Energy Systems, Archaea Energy, Cummins, Daikin Applied, Johnson Controls, NextEra Energy Resources, Siemens Energy, Unison Energy, Veolia North America, Vicinity Energy, etc.

“We are delighted to join the membership of these two reputable and influential global district heating organizations,” said Mr. Arthur Lee, Founder and CEO of SAITECH. “An overlooked fact is that heating is actually the largest end-user of energy in the world, consuming almost 50% of global final energy, which is significantly more than electricity (20%) and transport. (30 %). It also produces 40% of global carbon dioxide emissions. Emerging high-performance computing (HPC) data centers, with bitcoin mining as the fastest growing type, present both challenges and opportunities for players in the traditional heating and cooling industries and electricity globally and we look forward to sharing with them our innovative SAIHUB CAB which offers a negative Green Premium solution that can truly advance the decarbonization of the heating industry.

SAITECH plans to collaborate with the world’s leading energy and energy service companies, utility operators, heating equipment manufacturers, universities and research institutes with the support of both organizations to promote clean heating through to Bitcoin’s innovation and SAITECH’s expertise in liquid cooling. On March 16, 2022, the Company announcement will virtually stream its first annual SAI TIME 2022 corporate event on March 30, 2022 to showcase key features of SAIHUB 3.0 – the company’s integrated solutions and products that are being launched in the global mining, heating and cooling markets. electricity to improve energy efficiency across the three industries. For more information or to register for the event, go to https://sai.tech/sai-time-2022/

About SAITECH
SAITECH is an energy-efficient bitcoin mining operator and clean technology company that integrates bitcoin mining, power and heating industries. SAITECH uses proprietary liquid cooling and waste heat recovery technology for its digital asset mining machines, which uses waste heat to provide recycled energy and heating to potential customers while reducing costs mining operation. SAITECH strives to become the most profitable digital asset mining company globally, while simultaneously promoting the clean transition of bitcoin mining, power and heating industries. For more information about SAITECH, please visit https://sai.tech/.

About Euroheat & Power
Euroheat & Power is the international network for district energy, promoting sustainable heating and cooling in Europe and beyond. It is a non-profit association headquartered in Brussels, Belgium, which federates the district energy sector. For more information visit: https://www.euroheat.org/

On International District Energy Association
The International District Energy Association is a 501(c)(6) nonprofit industry association founded in 1909 as the National District Heating Association in the United States. For more information visit: https://www.districtenergy.org/

SAITECH
Media Relations
Zoya Ji
Telephone: +65 9656 5641
E-mail: [email protected]

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