GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) and Rivian (Nasdaq: RIVN) have collaborated on a ‘Pathway Report' which concludes that the automotive industry is set to overshoot the IPCC’s 1.5-degree pathway by at least 75% by 2050. The two pioneering EV makers initiated the report in response to the climate crisis. The report, which uses existing, open-source data to model the current trajectory for emissions stemming from the car industry, was carried out by global management consulting firm Kearney.
Passenger vehicles currently account for 15% of all greenhouse gas (GHG) emissions globally.1 The IPCC has stated that all GHG emissions need to be reduced by 43% by 2030, and the report makes clear that the automotive industry is far off track, and, alarmingly, will have spent its full CO2e budget already by 2035 without urgent action.
Despite the gloomy outlook, the report suggests that the car industry still has a chance to get on track. By redirecting resources and focus, the industry can rapidly build the momentum required to remain in line with the Paris Agreement. The Pathway Report focuses on the current decade and outlines immediate, clear actions that car manufacturers can take between now and 2030, including some that can be triggered immediately.
The data presents a pathway based around three key levers. Lever 1 looks at the speed at which fossil fuel-powered cars need to be replaced by electric cars but points out that this alone will not be enough. A lot more work will be required for levers 2 and 3:
Pulling just one or two levers in isolation will be insufficient and only reduce the overshoot. Collective action from automakers is needed on all three levers, in parallel, at a global level. Firstly, the industry must accelerate the transition to electric vehicles by investing in manufacturing capabilities, as well as implementing a firm end date for fossil fuel car sales globally. Secondly, build out renewable energy supply to global grids that enable EV's to reach their full potential through green charging. Thirdly, decarbonize the manufacturing supply chains for these vehicles through switching to low carbon materials, and investing in renewable energy solutions for supply chains.
Fredrika Klarén, Polestar Head of Sustainability, says: “Car companies may be on different paths when it comes to brand, design, and business strategies, and some won’t even admit that the road to the future is electric. I believe it is, and that the climate crisis is a shared responsibility, and we must look beyond tailpipe emissions. This report makes clear the importance of acting now and together. There’s a clear cost to inaction, but there’s also a financial opportunity for innovators who find new answers to the challenges we face.”
Kearney’s report has also been shared with several of the world’s leading car makers, together with an invitation to a roundtable held at the end of January to discuss areas of collective action. The aim is to find a path towards unprecedented, relevant and collective climate action for the car industry.
Anisa Costa, Rivian’s Chief Sustainability Officer, adds: “The report’s findings are sobering. Our hope is that this report lays the groundwork for the automotive industry to collaborate in driving progress at the pace and scale we need – and ideally inspiring other industries to do the same. Together, I’m confident we can win the race against time.”
The Pathway Report clearly shows the cost of inaction and the strong case for sustainable development. The investment community is moving, and capital flows are shifting from traditional investment to sustainable investment, recognizing an increasing link between sustainable transformation and financial benefits. In 2021, global sustainability investments totaled USD 35.3 trillion, representing over a third of all assets in five of the world’s biggest markets.
Angela Hultberg, global sustainability director at Kearney, says: “We are proud to have been chosen as a trusted expert to develop this report. The result of our modeling clearly shows that the industry needs to accelerate the pace of becoming a low carbon industry. We looked at different scenarios, different data points, and the conclusion is that no matter how you model it, we are far too close for comfort. We sincerely hope this report will be a starting point for the industry to focus on areas where there is agreement and find specific initiatives. It will take collective action to solve some of the issues at hand, and we look forward to seeing what the manufacturers will do in the near future.”
More talks are planned over the coming months. Other car manufacturers interested in partaking can contact This email address is being protected from spambots. You need JavaScript enabled to view it..
Read the full report here.
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1 https://www.kearney.com/automotive/article/-/insights/polestar-and-rivian-pathway-report-
Rivian
Harry Porter (UK)
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Polestar
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ARNHEM, Netherlands--(BUSINESS WIRE)--Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultrafast charging network, today announced that management would participate in a fireside chat and 1x1 investor meetings at the Citi 2023 Global Industrial Tech and Mobility Conference in Miami, FL from February 21-23, 2023.
The fireside chat will take place on Thursday, February 23, 2023 at 2:40 PM ET. It will be webcast live and can be accessed in the Events and Publications section at https://ir.allego.eu.
About Allego
Allego delivers charging solutions for all types and models of electric vehicles, facilitating consumers, businesses, and urban infrastructures. A leader in charging solutions, we nurture and have built an international public charging network comprising of just under 40,000 public charge points, operational throughout the pan-European market. Our charging solutions are connected to the proprietary platform, EV-Cloud. At Allego, we are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. Being a pioneering company, we continually strive to make EV charging easier, more convenient, and more enjoyable for all.
Allego in short: Pan-European public charging network established in 2013, listed on NYSE in 2022. covering 16 European countries, with an operable network of almost 40,000 public charge points, that use 100% clean renewable energy, enabling over 260 million green miles in 2021.
Please refer to www.allego.eu for more information.
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Consortium Accelerates California’s Climate Leadership and Offers Transformative Benefits to Local Communities
LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), today announced it has assembled a consortium of organizations across industry, technology, academia, national labs, community, government, and labor, to pursue U.S. Department of Energy (DOE) funding under its Regional Direct Air Capture (DAC) Hubs Initiative to create the California DAC Hub, the state’s first full-scale DAC plus storage (DAC+S) network of regional DAC+S hubs. DAC+S is a solution that can remove and then permanently store atmospheric carbon dioxide (CO2) using low carbon emission energy and provide economic benefits to surrounding communities.
California DAC Hub will help accelerate the Golden State’s climate leadership and achieve its carbon neutrality goal, and prioritize surrounding under-represented California communities through transformative benefits potentially including local air quality improvements, from helping maximize the use of renewable energy; utilization of reclaimed water and/or production of new water; quality union jobs in construction and low carbon energy technologies; and science, technology, engineering, and math (STEM) and energy transition education programs. Through California DAC Hub, the consortium will pursue funding to develop a network of DAC+S hubs across the state under the DOE’s Regional DAC Hubs Initiative, as outlined under the recent $3.5 billion Funding Opportunity Announcement (FOA), to accelerate the commercialization of atmospheric CO2 removal via integrated capture, processing, transport, and secure geologic storage. CO2 from DAC+S hubs will not be used for enhanced oil recovery. Key to the success of the California DAC Hub will be strong relationships with diverse community stakeholders to develop an equitable, just, and environmentally responsible approach to the project.
Non-profit energy research and development institute EPRI intends to submit an application to the DOE on or before March 13, 2023, as specified in the FOA instructions on behalf of the California DAC Hub consortium, including consortium lead CTV Direct, LLC, a wholly owned subsidiary of CTV focused exclusively on DAC+S, and community benefits plan lead Kern Community College District (Kern CCD). The first hub is targeted to launch in Kern County, California, and the consortium will look to expand to other locations across the state. Each hub will provide benefits to surrounding communities, such as high-paying and permanent jobs and training programs for reskilling workers, to help California progress toward its 2030 and 2045 carbon removal goals.
Following Governor Gavin Newsom’s call for more ambitious climate action, the California Air Resources Board (CARB) released its updated California Climate Plan to implement the most ambitious climate action of any jurisdiction in the world, including annual carbon removal/capture targets of 20 million metric tonnes (MT) of CO2 equivalent by 2030 and 100 million MT by 2045. According to the Intergovernmental Panel on Climate Change (IPCC), carbon removal methods such as DAC+S are key to mitigation pathways aimed at keeping global warming to below 1.5 degrees Celsius. In its 2022 Scoping Plan For Achieving Carbon Neutrality, CARB quoted the IPCC saying, “The deployment of CDR [carbon dioxide removal] to counterbalance hard-to-abate residual emissions is unavoidable if net zero CO2 or GHG [greenhouse gas] emissions are to be achieved.” California DAC Hub, combined with permanent geological storage, will be essential to executing on those ambitions and helping build a clean and equitable energy economy that benefits all California communities.
The blueprint for expanding DAC+S throughout California leverages the significant ongoing investments in the San Joaquin Valley community, including:
Led by CTV Direct, Kern CCD and EPRI, the consortium includes the following organizations and may expand as appropriate based on further community engagement and future regional hub locations: Industry – Accenture, AECOM, Bloom Energy, Brookfield Renewable, Carbon TerraVault, EPRI, GeothermEx, GreenFire Energy, Pacific Gas and Electric (PG&E), Sage Geosystems, and Southern California Gas Company (SoCalGas); Technology – Avnos and Climeworks; Academia – Bakersfield College, CSUB, Taft College, and the University of California, Los Angeles (UCLA) Institute for Carbon Management; National Labs – Lawrence Livermore National Laboratory (LLNL), Livermore Lab Foundation (LLF), National Renewable Energy Laboratory (NREL), and Pacific Northwest National Laboratory (PNNL); Community – B3K Prosperity, CAPK, Greater Bakersfield Chamber of Commerce, Kern CCD, Kern County Black Chamber of Commerce, Kern County Hispanic Chamber of Commerce (KCHCC), Mexican American Opportunity Foundation (MAOF), National Impact Mentoring and Training Program (NIMTP), and the Tejon Indian Tribe; Government – City of Bakersfield, Kern Economic Development Corporation (KEDC), and the West Kern Water District (WKWD); and Labor – Employers’ Training Resource (ETR), International Brotherhood of Electrical Workers (IBEW) - Local 428; International Union of Operating Engineers - Local 12, Kern, Inyo, Mono Counties Building Trades Council, and the State Building and Construction Trades Council of California (SBCTC).
“Governor Newsom has set the most ambitious targets for California of any state in the nation – and in the world – to rapidly and permanently remove carbon from the atmosphere, and California DAC Hubs will be essential to helping achieve the Governor’s goals,” said Mac McFarland, CRC President and Chief Executive Officer. “According to the International Energy Agency (IEA), carbon removal technologies such as DAC+S are expected to be critical in the transition to a decarbonized economy. We have an unprecedented consortium of project participants who are committed to working together to create DAC+S hubs across the state, accelerate the energy transition and benefit working families throughout our California communities.”
“The ‘community’ in community colleges is a real answer for good jobs with equity and the development of the future energy workforce,” said Sonya Christian, Chancellor, Kern Community College District. “Kern CCD is well-positioned to do the important work to ensure the California DAC Hub project is grounded in authentic partnerships between community and industry and provides educational and workforce opportunities that will lead to economic mobility for the people and communities we serve.”
“Preserving affordability and reliability on the path to net-zero rests on deploying every tool in the carbon reduction toolbox,” said Neva Espinoza, Vice President, Energy Supply and Low-Carbon Resources, EPRI. “Advancing the development of direct air capture technology through collaborative innovation could bring net-zero one step closer by offsetting emissions from hard-to-decarbonize sources.”
“It is very exciting that these organizations are working together cross-functionally to not only provide a carbon removal and storage solution but doing so using low carbon energy and providing economic benefits to California communities,” said California State Treasurer Fiona Ma. “This project is more than a shared DAC infrastructure project; it serves as a hub model that delivers community benefits and jobs for other parts of the U.S. that also face climate change induced challenges.”
CTV is committed to engaging with our community-based organizations and including them throughout the development of the California DAC Hub and future associated regional hubs. Open and meaningful dialogue with our diverse stakeholders is a priority for the consortium as we expand participation of organizations and local communities.
Guggenheim Securities, LLC is acting as financial advisor for CRC in connection with the formation of CTV Direct and the development of the California DAC Hub consortium.
About Carbon TerraVault Holdings
Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC, provides services that include the capture, transport and storage of carbon dioxide for its customers. CTV is engaged in a series of CCS projects that inject carbon dioxide (CO2) captured from industrial sources into depleted underground reservoirs and permanently store CO2 deep underground. CTV Direct is a wholly owned subsidiary of CTV focused on direct air capture. For more information, visit www.carbonterravault.com.
About EPRI
Founded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable, and equitable access to electricity across the globe. Together, we are shaping the future of energy.
About Kern Community College District
Kern Community College District (Kern CCD) serves more than 33,000 students in communities over 24,800 square miles in parts of Kern, Tulare, Inyo, Mono and San Bernardino counties through the programs of Bakersfield College, Cerro Coso College, and Porterville College.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that we believe to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future financial position, business strategy, projected revenues, earnings, costs, capital expenditures and plans and objectives of management for the future. Words such as “expect,” “could,” “may,” "anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” "see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy” or similar expressions are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Although CRC believes the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, but are not limited to: legislative or regulatory changes, including those related to direct air capture and the availability of related tax credits; our ability to successfully develop and finance direct air capture projects, including our ability to obtain funding from the federal government and other financing sources; availability or timing of, or conditions imposed on, permits and approvals necessary for direct air capture and other carbon management projects; and the other risks and uncertainties set forth in the CRC’s Annual Report on Form 10-K for the year ended December 31, 2021 (especially in Part I, Item 1A. Risk Factors and Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations) and in the CRC’s other filings with the SEC. There may be other factors of which CRC is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. CRC does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.
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Recertification Marks 15-Years of Compliance with California’s Rigorous Air Quality Standards for On-site Distributed Generation
LOS ANGELES--(BUSINESS WIRE)--$CGRN #CARB--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced that the California Air Resources Board (CARB) has recertified the Capstone C65 microturbine as a distributed generation resource exempt from CARB’s emission standards (Executive Order DG-018). The C65 was first certified in 2007 and has maintained its CARB certification and compliance with the Board’s testing standards for the last 15 years.
“As a California-based company serving a worldwide market, the CARB certification remains a meaningful achievement for Capstone Green Energy. California is known throughout the United States for setting the standard when it comes to air quality and emissions regulations. This certification, even now that we have held it for 15 years, gives Capstone credibility when we talk about our green energy commitment,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy.
The CARB recertification represents Capstone’s long-term commitment to developing microturbines with exceptional reliability, low maintenance requirements, and adherence to stringent emissions guidelines. Together, these attributes help Capstone customers achieve their energy efficiency and carbon reduction goals. Maintaining certification to these strict emissions standards has made the Energy-as-a-Service (EAAS) business more streamlined in assuring expedited air permitting for rental customers.
“The CARB certification is important because it certifies that vehicles and equipment meet certain emissions standards set by the state of California. This is significant because California has some of the strictest air quality regulations in the United States and the CARB certification serves as a benchmark for other states and countries to follow,” stated Don Ayers, Vice President of Technology at Capstone Green Energy.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
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Utilities can achieve over 300 percent ROI for load shifting with Bidgely’s comprehensive EV Solution
SAN DIEGO--(BUSINESS WIRE)--Bidgely today introduced electric vehicle (EV) Active Managed Charging to its award-winning UtilityAI™ EV Solution at DistribuTECH, the world’s premier event that connects utilities to future-ready solutions. New Active Managed Charging (also known as direct load control) is now part of Bidgely’s end-to-end EV Solution that also includes: EV Detection and Targeting, EV Passive Managed Charging (behavioral load shift) and EV Grid Analytics. Active Managed Charging can be launched in just weeks without data integration as a turn-key standalone application. Over 25 OEMs are available for data connection with seven available for active control: Ford, Hyundai, Jaguar, Land Rover, Toyota, Tesla, VW.
As the industry’s only complete and proven approach to EV engagement and management, Bidgely’s EV Solution accurately targets high-peak charging customers for incentive programs using the company’s patented AI-powered EV disaggregation technology. By delivering 90 percent or better accuracy in identifying customers with EVs on the grid and providing behind-the-meter visibility into their charging behaviors, Bidgely’s EV Solution provides utilities the ability to better target their highest-value customers for load-shift programs, reducing program costs from an average of ~$225/kW to ~$65/kW.
“The EV revolution is going to have a rapid and profound impact on load pressure, grid resilience and decarbonization. This will mean that utilities will need to take a smart and integrated approach to EV engagement and management, at a pace they have not historically moved,” said Bidgely CEO Abhay Gupta. “The only way to do this rapidly at the scale this revolution demands is by harnessing the power of data and AI to empower smarter energy decisions in an integrated and connected way.”
While other EV solutions rely on a patchwork of partners and technology that drive up costs, complexity, and time-to-value, the introduction of Active Managed Charging means Bidgely now provides an end-to-end solution for the smart integration of EVs onto the grid. This approach helps utilities to:
Bidgely has partnered with a range of utilities to help them realize sustainable load shift through the intersection of AI and EV consumer behavior influence. A tier one investor-owned utility reported over 90 percent accuracy in EV detection and estimation, with a 75 percent load-shift from on-peak to off-peak. Now, 97 percent of all EV charging is occurring off-peak.
To learn more about Bidgely’s new EV Active Managed Charging, visit: bidgely.com/resources/ev-active-managed-charging-with-telematics-solution-brief
Bidgely at DistribuTECH 2023
Visitors to DistribuTECH can join Bidgely at the event alongside notables like Duke Energy, Ameren, Southern California Edison, the Department of Energy and more in a series of live sessions and demonstrations. Attendees of yesterday’s SECC 2023 Best Practices Awards ceremony, where Bidgely’s EV Solution was honored as the winner for the Smart Energy Innovation category in collaboration with United Illuminating, can also schedule a meeting with Bidgely at DistribuTECH by visiting: bidgely.com/events/dtech.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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Tellus Markets, a leading climate technology company, introduces the industry’s first technology solution with clean power and emissions reduction marketplaces.
DENVER--(BUSINESS WIRE)--Tellus Climate Suite, being released today by Tellus Markets, provides a single solution for companies to track, plan and meet their climate goals. This platform includes three interoperable products for streamlined operation and error-free data transfer. Tellus Climate Suite combines greenhouse gas accounting with digital marketplaces for users to purchase clean power, carbon offsets and RECs, providing the most comprehensive functionality of any climate solution available today.
Tellus Climate Suite is the logical evolution of their existing product offering for clean power purchasing, Tellus PPA. The expanded functionality brings enhanced value to existing customers, and offers a strong value proposition to any company with sustainability goals.
“An increasing number of firms are either beginning or accelerating their sustainability journey, committing to reducing emissions and hiring staff to implement those objectives. Up to now, sustainability teams had to go through a long process to identify and select technology solutions and digital marketplaces, ending up with a disconnected technology stack requiring significant management time and manual data transfer. With the launch of Tellus Climate Suite, for the first time these teams can leverage a single solution to manage and execute their organization’s sustainability plans to help achieve their climate goals,” said Chip Horton, Chief Executive Officer at Tellus Markets.
About Tellus Markets
Tellus Markets creates technology solutions that empower transformation of the global energy system. We are focused on improving the fragmented markets and inefficient transaction processes prevalent in climate markets and making our solutions available to a broad range of organizations. To learn more, please visit: https://www.tellusmarkets.com/
James Cahalin
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Cognite advances delivery of simple access to complex industrial data with the latest release of its Industrial DataOps Platform, Cognite Data Fusion®
OSLO, Norway & AUSTIN, Texas--(BUSINESS WIRE)--#Data--Cognite, a global leader in industrial software, today announced data product-based, advanced data modeling capabilities coming to its Industrial DataOps platform, Cognite Data Fusion®. Data modeling is critical to build and maintain a standards-based Open Industrial Digital Twin. Managing data models as data products accelerates deployments and drives down the costs and complexity of industrial digital solution scaling through standardization and governance.
Cognite Data Fusion® enables multiple data users to leverage common data in their unique tools and workflows, all from a single, trusted source. It allows them to build data products and populate data models that reduce the complexity of developing and scaling a wide variety of Asset Performance Management (APM) solutions across the enterprise. Cognite Data Fusion® makes it easy for industrial companies to establish sound DataOps practices where the experts who know the data – data engineers and architects – collaborate with the experts who know the business context of the data – the subject matter experts and data scientists.
Previously, application developers and data scientists needed to query, filter, and stage data explicitly for their needs. With advanced data modeling practices, the data consumers who use these solutions can find and interpret data more easily than ever before. Thanks to the more robust search, filter, sorting, and aggregation capabilities, asset-heavy organizations can build, deploy, and scale industrial digital solutions 10-25x faster, resulting in 400% ROI, as identified by the Forrester Total Economic Impact™ study.
“With the latest updates to Cognite Data Fusion®, we continue to make it easier to synchronize IT and OT systems and provide simple access to complex industrial data,” said Moe Tanabian, Chief Product Officer at Cognite. “Cognite Data Fusion® makes it simple to connect to and operate data flows for a number of industry solutions. In this release, you’ll see a specific focus on features that help optimize production, reliability, maintenance, and environmental KPIs.”
Book a 30-minute Cognite Value Review for a complimentary consultation to uncover the economic impact your organization can expect from Cognite Data Fusion®: www.cognite.com/en/value-review
About Cognite
Cognite is a global industrial SaaS company that was established with a clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion®, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter and LinkedIn.
Michelle Holford
Vice President, Global PR Cognite
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- NRG makes it easier to own and drive an EV with a no-cost home charger and lower-priced, off-peak charging -
PHILADELPHIA--(BUSINESS WIRE)--NRG, one of the nation’s leading electricity and natural gas suppliers, now offers an energy plan designed to make it easier for customers to own and charge their electric vehicles (EVs) and to facilitate greater adoption of EVs. It is the first such plan available to electricity customers who live within select utilities in Pennsylvania and Maryland.
NRG’s EV Power Charger plan includes a Level 2 at-home EV charger at no-cost and reduced-price energy at night and early morning, when most EV owners typically charge their vehicles.
“We’re excited to roll out our EV Power Charger plan and help remove potential barriers to owning an EV,” said Bucky Gardner, Vice President and General Manager of NRG Home East. “At NRG, we believe in giving customers the power to choose their electricity supplier and a plan that fits their lifestyle. With this first-of-its-kind plan, our customers are in the driver’s seat.”
Here’s how the time-of-use portion of the plan works. Customers who charge their electric vehicles and use appliances between 10 p.m. and 7 a.m., when demand is lowest, will receive lower electricity supply prices.
For those on the fence about getting an EV, the convenience of efficient charging at home along with lower-cost, time-of-use pricing, can help people decide to take that step to buy an EV and is what makes NRG’s EV Power Charger Plan so unique.
Level 2 EV chargers typically take between three and eight hours, depending on the range of the vehicle, to fully charge a vehicle. The charger is compatible with most EVs, although Tesla owners would need a separate adapter.
To learn more about NRG’s EV Power Charger plan, visit picknrg.com/ev.
About NRG
NRG Energy is a leading energy and home services company powered by people and our passion for a smarter, cleaner, and more connected future. A Fortune 500 company operating in the United States and Canada, NRG delivers innovative solutions that help people, organizations, and businesses achieve their goals, while also advocating for competitive energy markets and customer choice. More information is available at www.nrg.com. Connect with NRG on Facebook, and LinkedIn, and follow us on Twitter, @nrgenergy.
Dave Schrader, Senior Manager Communications East
267-295-5768
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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2022 earnings conference call at 10:00 a.m. Central Standard Time on Tuesday, February 21, 2023. FET will issue a press release regarding its fourth quarter and full year 2022 earnings prior to the conference call.
The call will be webcast through the Investor Relations link on FET’s website at ir.f-e-t.com.
Important note regarding the process for asking questions during the conference call: Participants who want to ask a question during the call should register on FET’s Investor Relations website page or click here to receive the dial-in numbers and a unique PIN. Participants are encouraged to join the call approximately ten minutes prior to its start time. A replay of the call will be available on the Investor Relations website beginning on February 21, 2023, at approximately 5:00 p.m. Central Standard Time.
FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Rob Kukla
Director Investor Relations
281.994.3763
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LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, announced the first delivery of Low Sulphur Gasoil futures since Russian oil was excluded from the contract at the end of 2022.
Following extensive consultation with market participants, and in line with sanctions preventing the delivery or export of Russian oil in the European Union (EU) which took effect from February 5, 2023, ICE changed the methodology for Low Sulphur Gasoil futures from previously delivering diesel from any origin, to deliver diesel that does not include any originating from Russia. ICE Gasoil is the global benchmark for refined oil products.
A total of 69,800 tons entered the delivery process, with Gasoil delivered in the Amsterdam, Rotterdam, and Antwerp areas, in-line with the amount delivered in January 2022. Gasoil open interest is at 596,900 contracts, up 13% since the start of the year, with trading volumes up 40% in January 2023 versus December 2022.
“ICE worked closely with market participants and regulators to design a workable solution for our customers, so that they can confidently participate in physical delivery and trade Gasoil with the knowledge that the contract is EU sanctions compliant and fully representative of physical distillates flows,” said Jeff Barbuto, Global Head of Oil Markets at ICE. “It is encouraging to see customers engaging in the new, Russian-Free Gasoil contract through the delivery mechanism and on a financial trading basis.”
The ICE Low Sulphur Gasoil Futures contract has a successful 42-year history as a physically deliverable futures contract for what is now ultra-low sulphur diesel. The contract forms part of ICE’s global crude and refined product complex which includes Brent crude, the price barometer for approximately 80% of global crude, WTI, Midland WTI Gulf Coast (HOU), (Platts) Dubai, and Murban benchmarks. These provide the foundation for over 600 related oil products spread over multiple geographic markets, giving participants access to the products they need at the point of consumption or production.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.
Category: EXCHANGES
ICE- CORP
Source: Intercontinental Exchange
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The Digi IX10 Cellular Router Supports CBRS or Anterix Bands for Smart Grid Applications that Bring Scalability, Reliability, and Agility to Power Infrastructure
SAN DIEGO--(BUSINESS WIRE)--Expanding its portfolio of solutions to support private cellular networks, Digi International (NASDAQ: DGII), a leading global provider of Internet of Things (IoT) solutions, connectivity products, and services, today launched new versions of its widely adopted Digi IX10 cellular router at DistribuTECH 2023. The new solution enables electric utilities to deploy private cellular networks that leverage the CBRS Band 48 shared spectrum or Anterix Band 8 900 MHz licensed spectrum.
Building upon its expansive portfolio of Private Cellular Network (PCN) enabled devices, Digi IX10 is a full-featured cellular router combining trouble-free reliability with long service life. Flexible power and connectivity options make it a versatile and cost-effective choice for electric utilities, smart-grid equipment manufacturers, and other stakeholders that need to secure critical infrastructure data transmission over private cellular networks — including variants for Anterix 900 MHz licensed spectrum and CBRS 3.5 GHz spectrum.
“In the utilities market, private broadband is rapidly emerging as a must-have for grid modernization efforts,” said Carlos L'Abbate, CTO from Anterix. “As the nation’s largest holder of licensed spectrum in the 900 MHz band, our Anterix Active Ecosystem welcomes Digi’s latest addition to its portfolio of PCN-enabled routers. Together, Digi and Anterix are uniquely positioned to help utilities achieve secure, resilient and customer-controlled operations.”
The new Digi solution is ideal for a range of use cases in the industrial and utilities sectors, including transmission and distribution automation, connecting grid assets, metering, power quality monitoring, and remote instrumentation, as well as EV charging, solar farms, and other utilities applications that require greater intelligence, visibility, and edge computing.
“When it comes to modernizing our grid infrastructure, connectivity remains among the most important requirements,” said Kinana Hussain, Vice President of Product Management, from Digi International. “The latest model of the Digi IX10 expands our PCN device portfolio and, coupled with Digi Remote Manager, reaffirms our commitment to providing the smart and affordable connectivity needed by stakeholders in the electric utilities industry.”
Digi’s PCN solutions feature Digi Remote Manager® (Digi RM), the command center enabling the orchestration, management, and visibility of PCN devices. Digi RM enables low/no-touch provisioning, mass configuration, maintenance, and support, even for thousands of devices. With Digi RM, utilities can evaluate, update, and configure Digi devices while gaining visibility into network health. Digi also offers an on-premise remote management option for deployments requiring full control, and customization of their networking infrastructure.
“Digi International has been a prominent member of the OnGo Alliance for many years,” said Alan Ewing, Executive Director of the OnGo Alliance. “The launch of the Digi IX10 for CBRS marks another milestone in the continued adoption of 4G LTE and 5G solutions using shared spectrum. This addition to the company’s broad portfolio of PCN solutions will offer utilities – and other companies as well – more deployment options as they strive to improve the resiliency of the nation’s grid infrastructure.”
IX10 Features & Benefits:
For pricing information, contact Digi International.
About Digi International
Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com.
Peter Ramsay
Global Results Communications
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VerStack omnidirectional antenna platform provides reliable, high-performance connectivity for critical applications
BLOOMINGDALE, Ill.--(BUSINESS WIRE)--PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, today announced its new VerStack antenna platform for smarter rail communications and IIoT applications.
The VerStack platform consists of the most advanced 5G and GNSS vertically stacked antennas in the market. It utilizes PCTEL’s broadband element technology to provide top-of-the-line RF performance in rail and IIoT applications. These antennas have been designed in a rugged UV-resistant fiberglass housing making them ideal for harsh environmental conditions. The VerStack platform is easy to install and offers 3:1 and 5:1 configurations.
Denis Dmitruk, PCTEL’s Technical Product Manager, commented, “Enabling mission critical connectivity is key for our customers in the rail market. The VerStack antenna platform allows secure and reliable communication exchanges between trains and wayside locations resulting in detection and prevention of safety-critical conditions, advance warning to locomotive engineers to take corrective actions, and monitoring and diagnosis necessary for proactive maintenance.”
To learn more about the VerStack antenna platform visit https://www.pctel.com/antenna-product/5g-fr1-multiband-base-station-omnidirectional-antenna-with-gnssl125/
About PCTEL
PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 29 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.
For more information, please visit our website at https://www.pctel.com/
PCTEL® is a registered trademark of PCTEL, Inc. © 2023 PCTEL, Inc. All rights reserved.
PCTEL Company Contact
Suzanne Cafferty
Vice President, Global Marketing
PCTEL, Inc.
(630) 339-2107
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NEW YORK--(BUSINESS WIRE)--Giga Carbon Neutrality Inc. (“GCN”) today announced a USD500 Million capital commitment from GEM Global Yield LLC SCS ("GEM"), the Luxembourg based private alternative investment group, in the form of a Share Subscription Facility (“SSF”). Under the agreement, GEM will provide GCN with a Share Subscription Facility of up to USD 500 Million of GCN’s common stock.
Martin Wade, Chairman of GCN, commented: “The world is embracing rapid industrial transformation brought about by new energy systems and their integration into various industry sectors. GCN has strong and comprehensive technical expertise in commercial vehicles and equipment. With its intelligent V2X (vehicle-connected-to-everything) technology and its smart IoT (internet of things) systems, GCN is a pioneer committed to becoming a total solution provider including vehicle equipment manufacturing, comprehensive technologies, operation platforms, energy data and carbon credit services. The SSF provided by GEM demonstrates investors’ confidence in GCN’s prospects and the company’s ability to build out its leading status as a provider of intelligent new energy commercial solutions. The SSF will allow us to finance cutting-edge technology capabilities and substantial expansion of service platform and sales.”
About GCN
GCN, together with its affiliates, provides solutions of new energy commercial vehicle equipment and comprehensive services to clients globally. GCN acts as a service and product integrator in the global intelligent commercial transportation and equipment market to efficiently realize customers’ carbon neutrality goals. GCN and its partners offer vehicle equipment manufacturing, comprehensive technologies, operation platforms, energy data and carbon credit services. For more information, please visit the website: https://gigacarbonneutrality.com/
About GEM
Global Emerging Markets (“GEM”) is a Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 525 transactions in 72 countries. Each investment vehicle has a different degree of operational controls, risk-adjusted returns, and liquidity profiles. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.
For more information: http://www.gemny.com
GCN
Name: Mr. Timothy Poor
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- Pluglink is the first EV charging platform in Korea to sign EV charger assets investment agreement.
- Pluglink raised a total of KRW 30 billion cumulative investment including KRW 17 billion in cumulative asset and KRW 13 billion in cumulative corporate investment.
SEOUL, South Korea--(BUSINESS WIRE)--#EV--Pluglink (CEO In-cheol Kang), an electric vehicle (EV) charging platform, announced on the 7th that it signed an investment agreement with KDB KIAMCO, the largest alternative asset manager in Korea, for a total of KRW 15 billion for EV charger assets.
Pluglink, acknowledged for its specialty in finance, introduced alternative investments in EV charger assets for the first time in Korea. Pluglink will provide total charging services for more than 7,400 EV chargers through this investment.
By signing the investment agreement with KDB KIAMCO, Pluglink raised the investment worth of KRW 17 billion in cumulative asset including KRW 2 billion investment by local city gas companies. With this, Pluglink has so far attracted a total of KRW 30 billion, including the KRW 13 billion of cumulative corporate investment.
In-cheol Kang, CEO of Pluglink, said, “Starting with this first investment for EV charger assets, we plan to expand the scale of charger-oriented finance and proceed with various structured finance.”
Pluglink is the fastest growing company in the market that made contracts for more than 10,000 EV chargers up till now and operates 1,100 EV charging stations in Korea. Pluglink joined K-RE100 for the first time in the industry and became the market leader of ESG management. This year, Pluglink was selected as the 2023 EV fast charger auxiliary business by the Ministry of Environment and will continue to expand its business scope.
About Pluglink
“Changing with Charging: Electric vehicle charging experience that changes your daily life.”
Based on its expertise in IT, construction, and user experience, Pluglink provides easy and convenient EV charging services for everyone. Pluglink provides user-centric EV charging experiences including simple charging and payments using QR codes, free installation of EV chargers, single rate plan for EV charging and IT-based charging control system. Pluglink is changing the paradigm of the EV charging market by joining the K-RE100 for first time and building a business model that utilizes renewable energy.
Minjung Kang
Marketing Unit CMO
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Yusun Moon
Brand Marketing Manager
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Over 572 million lightning pulses detected across the country
GERMANTOWN, Md.--(BUSINESS WIRE)--AEM, the essential source for environmental insights, today announced the release of its 2022 U.S. Lightning Report. Throughout 2022, the company’s Earth Networks Total Lightning Network® detected more than 86 million total lightning flashes, which were comprised of over 572 million total lightning pulses.
Unsurprisingly, the lightning capital of the United States, Florida, led all other states with the greatest density of lightning flashes. Its 103 lightning flashes per square mile translated to more than 5.5 million total lightning flashes across the state, and those flashes were made up of more than 62 million lightning pulses.
Although Florida had the most lightning activity per square mile, it was Hawaii that had the most thunder hours, or hours with lightning activity in its vicinity (more than 23,000).
“Hawaii’s high number of thunder hours might seem surprising, since Hawaii has one of the lowest lightning densities of any state,” said Dr. Elizabeth DiGangi, a lightning scientist at AEM. “However, Hawaii’s tropical ocean climate results in frequent thunderstorms on and around the island chain, which in aggregate produce much less lightning than those we typically see across the continental United States. This is why thunder hours are an important supplemental metric for understanding thunderstorm frequency – a piece of the story not well-captured by measurements of only lightning volume and lightning density.”
At the county level, six Florida counties made the top-10 list of counties with the densest lightning activity. However, the county with the densest lightning activity was Poquoson City, Va., with an average of 300 lightning flashes per square mile. Providing context for the observation, Dr. DiGangi noted, “Poquoson City is situated near the mouth of the Chesapeake Bay, a region that the National Park Service reports has experienced greater precipitation extremes and a 10% increase in annual precipitation.”
Other noteworthy insights from the report:
Dr. DiGangi will present findings from the 2022 U.S. Lightning Report, along with her expert commentary, during a free webinar on Feb. 15. To register and get details about the event, visit the AEM website.
The lightning activity detailed in the report was detected by AEM’s proprietary Earth Networks Total Lightning Network (ENTLN), which monitors both in-cloud and cloud-to-ground lightning activity in more than 100 countries. With more than 1,800 sensors and scientifically advanced detection algorithms, the ENTLN is the most extensive lightning detection network in the world. In fact, since algorithm changes in 2021, the ENTLN detects 50% more lightning worldwide than ever before. Plus, in regions with higher sensor density, the network’s lightning detection efficiency climbs above 95%.
About AEM
AEM is combining global technology leaders like Earth Networks to empower communities and organizations to survive and thrive in the face of escalating environmental risks. By deploying intelligent sensing networks, operating a secure and scalable data management infrastructure, and delivering high-value analytics through a suite of end-user applications, AEM serves as the essential source for environmental insights. These technologies enable positive outcomes, helping reduce environmental impact and creating a safer world. For more information, visit https://aem.eco.
John Lauer
Director of Demand Generation
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Mission critical decarbonization software helps reduce reliance on fuel imports in the face of skyrocketing heating costs and climate change - Planners from over 50 German municipalities use “DigiKoo Heat Concept” to design optimal heating decarbonization strategies for a new world
ESSEN, Germany & SAN FRANCISCO--(BUSINESS WIRE)--#energy--DigiKoo, Germany’s leading digital grid planning innovator, and wholly-owned subsidiary of German energy leader E.ON SE, and Intertrust, the world’s leading provider of trusted distributed computing solutions for digital energy management, today unveiled the DigiKoo Heat Concept service. Powered by Intertrust Platform™ and used by over 50 German municipalities including Dresden and Essen, Heat Concept is an Intertrust Platform application that allows municipalities and their utility partners to design actionable energy transition and decarbonization strategies to help Germany move from carbon intensive fossil fuel heating footprints to ones based on clean energy. Heat Concept provides planning capabilities and actionable intelligence on how, where and what to do to decarbonize, and reduce reliance on foreign gas imports.
Heat generation in Germany accounts for approximately 40 percent of the country’s CO2 emissions. With an unprecedented disruption in natural gas supplies and a climate crisis, transitioning to clean, renewable energy heating is essential to German society. Understanding decarbonization involves analyzing data from multiple parties as well as sensor readings that need to be authenticated. Intertrust Platform securely manages distributed datasets, respecting regulations. With a few clicks, Heat Concept can analyze a municipality’s heating footprint for structures across a city, creating carbon baselines and analyzing future scenarios. Municipalities and their Distribution Service Operators and energy utility partners can use these results to plan their heating transition strategies and apply for funding from the German Federal government.
“Since heat transition is unique and dependent on each location's specific conditions, these conditions must be transparent,” said Martin Möller, Managing Director of DigiKoo. “This transparency is made possible by Intertrust Platform and enables DigiKoo to provide community representatives, network operators, companies and households with a platform where they can exchange information and relevant information is available for all to see.”
Heat Concept uses an E.ON developed AI platform that interfaces with Intertrust Platform to analyze a wide variety of data from numerous sources such as sensors on heating infrastructure, types of buildings, and socio-economic and demographic data. Intertrust Platform ensures these datasets are accessed and managed efficiently and securely in accordance with German and European data regulations, and conditions set by the data rights holders. DigiKoo also plans to provide the analyses created by the Heat Concept to the public for community input.
“As Intertrust Platform’s use by major energy companies expands around the world, DigiKoo is an important partner in developing trusted data-driven applications for planning EV charging infrastructure, smart EV charging, and other important elements of the clean energy transition,” said Florian Kolb, Intertrust’s Chief Commercial Officer and General Manager, Energy. “Moving to a heating infrastructure based on clean energy is especially critical for Germany and other countries to meet their decarbonization goals and we’re proud to continue to support DigiKoo’s work in this field.”
About DigiKoo GmbH
Reshaping the energy landscape at the click of a mouse, Essen-based DigiKoo GmbH provides information for municipal utilities, local authorities, grid operators and energy supply companies to use to shape the climate transition throughout Germany. Where and how many charging stations for EVs need to be built? How is the need to renovate buildings for efficient heating developing? DigiKoo GmbH provides such insights to its customers with its in-house developed software, DigiPAD. Users can use it to process data to create reliable reports detailing the current state and forecasts in such areas as electricity, transport and heating. DigiKoo is a subsidiary of Westenergie AG, the largest regional energy service and infrastructure provider in Germany. Further information is at: https://digikoo.de.
About Intertrust
Intertrust provides trusted computing products and services to leading global corporations–from mobile, consumer electronics and IoT manufacturers, to service providers and enterprise software platform companies. These products include the world's leading digital rights management (DRM) and technologies to enable private data exchanges for various verticals, including energy, entertainment, retail/marketing, automotive, fintech, and IoT. Founded in 1990, Intertrust is headquartered in Silicon Valley with regional offices in London, Tokyo, Mumbai, Bangalore, Beijing, Seoul, and Tallinn. The company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognised. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. Additional information is available at intertrust.com, or follow us on Twitter or LinkedIn.
Jordan Slade
MSR Communications
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+1 757-876-5809
Study aims to demonstrate that clean energy tech increases resilience and lowers costs
WATERBURY, Vt.--(BUSINESS WIRE)--Nomad Transportable Power Systems’ innovative mobile storage solutions will be part of an EPRI study to determine how microgrids and clean energy technologies can benefit National Guard sites by offering energy resilience, cost savings, emissions reductions, and reliability during times of emergencies. EPRI is an independent, non-profit energy research and development institute.
“When we set out to design NOMAD, one of our first goals was to create a product that would deliver unrivaled emergency response capabilities,” said NOMAD Director Jay Bellows. “This project is an extension of that work and will bring NOMAD together with other innovative energy technologies to provide energy security and savings to National Guard sites.”
The U.S. Department of Defense’s (DOD) 2022 Environmental Security Technology Certification Program selected the EPRI project team, which also includes Blue Frontier, ClearFlame Engine Technologies, and Helia, to deploy integrated microgrid systems at three National Guard sites in Delaware, Mississippi, and Texas. The effort comes in response to high energy infrastructure costs at National Guard sites across the U.S. The DOD is seeking a solution that guarantees up to 1 MW of peak power with a 14-day resiliency goal.
The EPRI research team will explore how advances in electricity, heating and cooling, and energy management can offer solutions for the National Guard.
Haresh Kamath, director of energy storage and distributed energy at EPRI, explained that retrofitting existing air conditioning and diesel generator technology, integrating mobile energy storage, coordinating electrical and cooling demand, decentralizing controls, and modernizing operations and maintenance can bring a full suite of benefits to the sites.
“EPRI has been working to improve reliability and resilience for decades,” he said. “Through collaboration with this team, we hope to help deliver increased reliability, reduced emissions, and lowered costs for the National Guard.”
The study uses proprietary planning tools such as EPRI’s Distribution Energy Resources Value Estimate Tool (DERVET™) to find the optimal microgrid design to meet the specific needs of each National Guard site.
ClearFlame CTO and Co-founder Julie Blumreiter said the study can showcase liquid biofuels' role in providing a pathway for decarbonizing heavy-duty applications. “Our technology unlocks heavy-duty diesel engines and generators to operate using a range of renewable liquid fuels in place of diesel without compromising durability or performance — an example of how ClearFlame can serve as an affordable, complementary solution to emissions reduction and energy resilience.”
At the building level, the project will demonstrate cost-savings achievable through the stacking of operations. Jorge Elizondo, CEO and co-founder at Heila Technologies explained, “The Heila EDGE® is a decentralized and modular platform that makes it easy to connect, coordinate, and optimize solar PV arrays, batteries and other distributed energy resources (DERs). Using emergent intelligence to link and coordinate components, the Heila EDGE creates a self-organizing network that significantly minimizes the system's complexity and costs.”
At the network level, NOMAD’s mobile lithium-ion storage systems will enable National Guard sites to better meet their power needs with right sized, mobile battery storage systems that feature stationary docking systems and grid integration equipment.
“NOMAD’s battery storage solutions are plug-and-play, designed to be used with systems like those being deployed by the other members of the team,” Bellows said. “Our commitment is to deliver units assembled here in the United States to bring reliability and on-demand power to the National Guard.”
About Nomad Transportable Power Systems, Inc.
Nomad Transportable Power Systems, Inc. (“NOMAD”), is a Delaware-based company formed by KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. NOMAD is the first entrant into the mobile lithium-ion energy storage space and combines its patent-pending, over-the-road storage units with a standardized docking platform capable of interconnection with any distribution or transmission utility. The NOMAD system was designed from the onset to provide its customers all the benefits of fixed site energy storage, while eliminating both the capital commitments and long-term obligations that traditional energy storage requires.
David Jakubiak
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Aleysha Newton
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Trilliant to be exclusive RF network provider for Grupo Saesa’s AMI, IIoT, Smart Grid, grid automation and network digitalization
SAN DIEGO--(BUSINESS WIRE)--Trilliant, a leading international provider of solutions for Advanced Metering Infrastructure (AMI), smart grid, smart cities and lIoT, announced its strategic, long-term partnership with Grupo Saesa, one of the biggest electricity distributors in Chile.
Grupo Saesa will deploy Trilliant’s software and RF communication platforms for AMI, smart grid and IIoT applications that will support the organization in improving its customers’ experience, delivering secure and reliable energy to its customers, and contributing to the company’s sustainability objectives.
Grupo Saesa, through its distributors, Sociedad Austral de Electricidad S.A., Empresa Eléctrica de la Frontera S.A., Compañía Eléctrica Osorno S.A., and Empresa Eléctrica de Aisén S.A., has more than 950,000 customers. It owns and operates more than 62,000 kilometers of transmission and distribution lines nationwide.
“Trilliant brings a global portfolio of experience and a commitment to make our team successful,” said Leonel Martinez, Distribution Executive for Grupo Saesa. “Trilliant’s technologies and experience will deliver real value and improvement to our customers and operations.”
“We are delighted to have this partnership in place with Grupo Saesa,” said Nick Matchett, Managing Director for the Americas at Trilliant. “There are many synergies between our two companies, including our passions for technology innovation and sustainability. Grupo Saesa’s drive to deliver the highest standards and value for its customers is world class. We look forward to enhancing quality, safety and reliability for their customers through this partnership.”
Trilliant works with customers worldwide, from a recent successful Smart Water Metering project in Canada, to its partnership in the U.K. with Manx Utilities to roll out smart electricity meters across the Isle of Man, to its partnership with SAMART to deploy AMI for the Provincial Electricity Authority of Thailand (PEA). Most recently, Trilliant was selected by ESB Networks as one of the suppliers to provide smart meters in support of the rollout of Ireland’s National Smart Metering Programme.
Onsite at DISTRIBUTECH 2023
Trilliant will take part in DISTRIBUTECH 2023 at the San Diego Convention Center (Feb. 7-9), where it will showcase its commitment to providing the power of choice with its device-agnostic platform and interoperable solutions for energy companies, utilities and smart cities worldwide. Visit Trilliant at Booth 1701 on the Exhibition Floor. To book a one-on-one demo and meeting, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Trilliant
Trilliant® empowers the global energy industry with its proven device-agnostic communications platform that enables utilities and cities to deploy any application securely and reliably on one powerful network. Our purpose-built portfolio is designed to offer the power of choice, without risk of customers being “locked in” with one technology provider or meter manufacturer. We are proud to offer mission-critical solutions that support AMI, Data & Analytics, Smart Metering, Smart Grids and Smart Cities. Customers worldwide benefit from Trilliant’s unique combination of flexibility, sustainability and scalability that connects utilities and cities to the IIoT and a more strategic path to the Energy Transition. Visit us at www.trilliant.com.
About Grupo Saesa
Grupo Saesa has more than 95 years of experience in the country. It is the main electricity distributor in southern Chile, where it supplies electricity to around 950,000 clients between the Ñuble and Aysén regions. In transmission, it operates in different parts of the country between the Antofagasta and Los Lagos regions with 75 substations and 2,280 km of transmission lines. In addition, the company has more than 275 MW of installed generation capacity. Grupo Saesa's controllers are Canadian pension funds Ontario Teachers' Pension Plan (OTPP) and Alberta Investment Management Corporation (AIMCo), with a 50% stake each.
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Veteran energy industry entrepreneurs partner to help enterprises achieve Net Zero
SAN FRANCISCO--(BUSINESS WIRE)--#carbonemissions--CFEX, Inc., provider of a cloud-based decarbonization platform to help enterprises track, plan, and reduce Scope 2 GHG emissions, announced today that it has closed its seed funding led by Accurant International, a global investment platform leading the Net Zero charge. The investment will accelerate the roll-out of the company’s products to help enterprises worldwide to achieve Net Zero.
“Energy generation is responsible for 25% of the GHG emissions, most of which are attributable to enterprises’ energy consumption and hence their Scope 2 emissions; CFEX addresses one of the most urgent and critical problems for enterprises as they strive to decarbonize their businesses – a lack of scalable operational support infrastructure for Scope 2 decarbonization,” said Bahman Hoveida, President of Accurant International. “CFEX’s team has the unique vision and proven capabilities to address the problems, and we’re confident this company is poised for rapid growth.”
Through its Carbon-Free Energy Cloud, CFEX delivers turnkey applications that enable its clients to:
CFEX’s team has a proven track record of delivering market-leading products to the energy industry, having previously developed large-scale meter data management, billing, and settlement technologies for leading utilities.
“As they accelerate the pace of decarbonization and respond to the regulatory ESG reporting requirements worldwide, enterprises need a scalable, utility class operation support system to track and reduce Scope 2 emissions,” said Jian Zhang, Co-Founder and CEO of CFEX, Inc. “The investment from Accurant will speed up the pace of our product roll-out to the market. We are looking forward to partnering with Accurant to help enterprises worldwide achieve Net Zero.” As part of the investment, Bahman Hoveida of Accurant International, a veteran energy industry entrepreneur and experienced executive, has joined the CFEX board.
About CFEX, Inc.
CFEX partners with enterprises and Carbon-Free Energy suppliers worldwide to decarbonize their businesses. The company’s Carbon Free Energy Cloud application suite helps these organizations track Scope 2 emissions, plan mitigation strategies and operationalize mitigation programs. CFEX is the trademark of CFEX, Inc., www.CFEX.cloud.
About Accurant International
Accurant International is a technology consulting and capital investment firm, with emphasis on investing in early and mid-stage companies in energy, power, and climate- tech, including renewable energy and grid operations. Accurant can help its client companies to meet their mission goals by advising them in various areas including business development and sales, business operations, product planning, grid modernization, renewables management, EV management, and other Net Zero energy and efficiency technologies. For more information, visit www.accurantllc.com.
CFEX Media Contact
Marek Zhang
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Accurant International Media Contact
Mimi Nelson
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) is pleased to announce that Ingevity president and CEO, John Fortson, was recognized as one of the 50 Most Influential People of 2022 by Charleston Business Magazine. The list celebrates individuals for their economic and community impact. Selection of individuals is a result of community nominations and Charleston Business Magazine's staff research.
“I am honored to be named alongside business, community and nonprofit leaders with a shared vision for a thriving Charleston,” said Fortson. “Ingevity’s mission is to purify, protect and enhance the world around us, and this recognition shows our efforts are making a difference in our own community. North Charleston is home for Ingevity, and I am proud to work with a team so committed to making a positive impact on the quality of life for those who live and work here.”
John Fortson became president and CEO of Ingevity in September 2020, after having served as the company’s chief financial officer for almost five years. Fortson helped orchestrate the company’s successful spin-off and establish it as an independent, publicly traded company, focused on providing market solutions to help customers solve complex problems and make the world more sustainable.
Ingevity was recently named to Newsweek Magazine’s list of America’s Most Responsible Companies of 2023, ranking number one of public companies in the state of South Carolina, 10th in the chemicals and materials industry and 58th in the country. The company was awarded the EcoVadis Gold rating for environmental, social and ethical business practices in 2022, and was also named to the 2022 list of the Best Places to Work in South Carolina.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, bioplastics, coatings, elastomers, lubricants, pavement markings, publication inks, oil exploration and production and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 31 locations around the world and employs approximately 2,050 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Caroline Monahan
843-740-2068
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Investors:
John Nypaver
843-740-2002
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