BETHESDA, Md.--(BUSINESS WIRE)--#Bioenergy--Enviva Inc. (NYSE: EVA) (“Enviva”), the world’s leading producer of sustainably sourced wood biomass, today issued the following statement in response to support it received from independent forestry associations regarding Enviva’s positive economic and environmental impact in the U.S. Southeast:
“Enviva is a proud partner of forestry associations across the U.S. Southeast and appreciates the support of these organizations as we work to achieve our collective goal of ensuring sustainable forestry across our operating footprint.
Forest products are essential for a thriving economy – not just in the southeastern U.S., but also across the globe. Our capabilities allow us to play an important role in meeting increasing demand for fossil fuel-free energy sustainably sourced from working forests in the U.S. Southeast, while prioritizing their continued growth and health.
We are grateful that our partners recognize Enviva’s sustainable practices, which help to ensure the long-term health and productivity of the forests in the region.”
The first letter of support was sent on behalf of several U.S. forestry associations, including the Alabama Forestry Association; American Loggers Council; Carolina Loggers Association; Florida Forestry Association; Forest Resources Association; Forestry Association of South Carolina; Georgia Forestry Association; Mississippi Forestry Association; Mississippi Loggers Association, North Carolina Forestry Association; South Carolina Timber Producers Association; Virginia Forestry Association and Virginia Loggers Association. The additional two letters of support came from the Mississippi Forestry Association and the Georgia Forestry Association.
Excerpts from the letters include:
“Forests in the U.S. Southeast are thriving because of the practices implemented by the forest products community and because of those used by companies like Enviva.”
“Forest inventory in the U.S. Southeast has increased more than 100% since 1953 while providing approximately one-fifth of the world’s forest products.”
“[Enviva provides] the incentive necessary for replanting after final harvest, ensuring that the land remains in forest.”
“The forest industry contributes nearly $50 billion annually to the regional economy [while maintaining] millions of acres of sustainable forestland for the benefit of all who utilize our forestry resources.”
“Forests in the U.S. Southeast that are part of the forest products supply chain are not being deforested – they are harvested and replanted or allowed to regenerate so they can continue contributing to the thriving forest products economy in the region.”
“Strong markets are necessary for sustainable management….Without markets and their financial incentives, landowners explore alternative uses for their property… In fact, strong forest products markets have contributed to an increase in the overall forested acreage in the state over the past 50 years.”
A number of representatives from the forestry associations that signed the letter also issued the following statements:
“Low value resource (biomass) markets are essential to meeting the sustainable lifecycle environment and economic objectives of forest management. Enviva, and other forest-based biomass industries, provide a necessary market to utilize this low-value resource and produce a renewable energy feedstock, that supports proper forest management. I have never seen a company invest so much time and money in the communities that are part of their footprint of operation and impact. It is a testimony of the responsible corporate stewardship that Enviva has incorporated into their corporate governance.”
Scott Dane, Executive Director of the American Loggers Council
“Without management and utilization of the natural resource the forest will surely disappear. Enviva embodies this concept to make sure there is a forest for tomorrow.”
David Livingston, Executive Director of the Mississippi Loggers Association
“It is Enviva’s market presence that provides our family forest landowners with the assurance needed to replant and keep forests as forests. Enviva is a model for sourcing sustainably harvested, certified fiber in accordance with silvicultural best management practices.”
Corey Connors, Executive Director of the Virginia Forestry Association
About Enviva
Enviva is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
Maria Moreno
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-301-657-5560
Recipients of Optica Foundation 20th Anniversary Challenge Report Ways to Address Water Contamination, Energy Consumption, and Air Pollution
WASHINGTON--(BUSINESS WIRE)--#OpticaFoundation--Today, the Optica Foundation released details of promising photonics research solving for global environmental challenges. Featuring the Foundation’s 20th Anniversary Challenge awardees, this research aims to introduce new, cost-effective ways to test water purity at the source; provide an affordable and real-time system for water contaminant detection; harness heat energy and apply it toward electricity needs; and sense micro-pollutants in air quality.
“This photonics research seeks novel and powerful approaches to address critical environmental issues,” said Alan Willner, chair of the 20th Anniversary Challenge Selection Committee and 2016 Optica President. “The selection committee will excitedly be monitoring the awardees’ progress and sharing their findings as they become available. We look forward to the significant impact of their work on society.”
Environmental work from the 20th Anniversary Challenge includes the following:
Portable Water Sensing
Real-Time Water Sensing
Waste Heat as Energy Source
Clean Greenhouse Gas (CO2 and Methane) Monitoring
The Optica Foundation launched its 20th Anniversary Challenge to draw out novel ideas from early-career professionals and provide the seed money to investigate impactful hypotheses in the areas of environment, health, and information. Each of the recipients received $100,000 USD to explore their ideas and take steps toward addressing critical global issues. Recipients have begun work on these projects and expect to report initial results by the second quarter of 2023. For more information and to follow their journeys, visit optica.org/foundationchallenge.
About Optica
Optica (formerly OSA), Advancing Optics and Photonics Worldwide, is the society dedicated to promoting the generation, application, archiving and dissemination of knowledge in the field. Founded in 1916, it is the leading organization for scientists, engineers, business professionals, students and others interested in the science of light. Optica’s renowned publications, meetings, online resources and in-person activities fuel discoveries, shape real-life applications and accelerate scientific, technical and educational achievement. Discover more at: Optica.org
About Optica Foundation
Established in 2002, the Optica Foundation carries out charitable activities in support of the society’s student and early career communities. We cultivate the next generation of leaders and innovators as they navigate advanced degree programs and become active members of research, engineering and business worldwide. The foundation also works to secure the endowments for Optica’s awards and honors programs. The foundation is registered as a 501(c)(3) non-profit. For more information, visit optica.org/foundation.
1 https://www.unwater.org/water-facts/water-quality-and-wastewater
2 https://www.who.int/news-room/fact-sheets/detail/drinking-water
3 https://unfccc.int/news/cop27-in-sharm-el-sheikh-to-focus-on-delivering-on-the-promises-of-paris
Colleen Morrison, CFM Communications, This email address is being protected from spambots. You need JavaScript enabled to view it.
Ashley Collier, Optica, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Solar Photovoltaic (PV) Modules and Inverters Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Drivers, Constraints, Key Players and Forecast, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
Global Solar PV Modules' Market Value likely to Reach to $41.16bn in 2026.
Residential Segment to Register Growth of 8.86% during the Forecast Period (2022-2026) in the Global Solar PV Inverters' Market
The report offers in-depth analysis at the global, regional (Asia-Pacific, Americas, Europe, and Middle East and Africa) and key country (the US, Chile, China, India, Japan, the UK, Germany, and France) level.
The report analyzes the PV modules market capacity and market value, classified by technology for the historical (2017-2021) and forecast (2022-2026) periods. Similarly, the PV inverters market capacity is analyzed based on consumer segment and the market value is outlined in the report.
The solar PV module technologies covered in the report are crystalline silicon (c-Si) and thin-film and the consumer categories provided for the PV inverters market analysis are Residential, Commercial, and Utility-scale. The report covers drivers and restraints influencing the market and provides the competitive landscape at the global level.
Key policies and initiatives, upcoming projects, and recent tenders issued and contracts signed are provided. Profiles of major manufacturers are also presented in this report.
Scope
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/za4z8t
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Cubic Mission and Performance Solutions (CMPS) transforms training to accelerate all-domain readiness for the peer fight.
SAN DIEGO--(BUSINESS WIRE)--#CMPS--Cubic Mission and Performance Solutions (CMPS) will showcase its advanced LVC training solutions at the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) 2022 event November 28-December 2 at the West Concourse of the Orange County Convention Center in Orlando, Florida.
“CMPS provides a portfolio of advanced training capabilities that delivers a readiness advantage to ensure mission success for our U.S. and Allied Forces,” said Jonas Furukrona, VP and GM of Cubic’s LVC Training division. “Our live, virtual, constructive training solutions bring next generation capabilities that fill current training gaps and allows our customers to train to the peer fight in a secure and cost efficient environment with unprecedented realism.”
Cubic Mission and Performance Solutions will be located in Exhibitor Booth #1029 at the I/ITSEC event. With top executives on site, CMPS will feature its solutions including the following multi-domain LVC training, immersive simulation, game-based learning, air combat training and high-fidelity combat training systems:
Immersive Indirect Fire Training System: Cubic’s Indirect Fire Mission Training System closes the gap in realistic fires replication for individual, team and instrumented collective training. It enables the U.S. and allied forces to train sensor-to-shooter linkage in a realistic and immersive environment.
Multiple Launch Rocket System (MLRS): Cubic’s MLRS Training System comprises the platform for training integrated surface-to-surface precision fires. It enables the Land Commander to train sensor-to-shooter and weapon-to-target matching in a realistic and immersive environment.
Live Training System (LTS): Cubic’s LTS provides Soldiers with a realistic training experience during both individual soldier gunnery training and force-on-force exercises at home station and in the field.
LVC Simulation of Chemical and Biological Threats: The Chemical, Biological, Radiological, and Nuclear Defense (CBRND) Collective Training Simulation System (CTSS) provides high-fidelity LVC simulation of chemical and biological threats and provides realistic training to battlefield participants, responders and analysis specialists.
Simplified, Planning, Execution, Analysis, Reconstruction (SPEAR): SPEAR is a modern, Department of Defense-approved tech stack that reduces cognitive burden through optimized displays and analytics of kinetic and non-kinetic data, with weapons effects, in multi-domain operations and LVC environments. SPEAR melds objective and subjective data with a time-synchronized, real-time mission log and after-action reporting.
Synthetic Inject-to-Live (SITL) LVC Training: SITL LVC brings the realism of the near-peer fight to 4th and 5th generation platforms’ cockpits. Cubic, industry and government organizations have demonstrated and proven that SITL LVC can be achieved with minimal investment and low risk and close the live-training proficiency gap by 2025.
To learn more about Cubic products and services, visit www.cubic.com.
About Cubic
Cubic creates and delivers technology solutions in transportation that make people’s lives easier by simplifying their daily journeys, and defense capabilities that help promote mission success and safety for those who serve their nation. Led by our talented teams around the world, Cubic is driven to solve global challenges through innovation and service to our customers and partners.
Part of Cubic’s portfolio of businesses, Cubic Mission and Performance Solutions (CMPS) provides networked Command, Control, Communications, Computers, Cyber, Intelligence, Surveillance and Reconnaissance (C5ISR) solutions and is a leading provider of live, virtual, constructive and game-based training solutions for both U.S. and Allied Forces. These mission-inspired capabilities enable assured multi-domain access; converged digital intelligence; and superior readiness for defense, intelligence, security and commercial missions. For more information, visit www.cubic.com.
Geri MacDonald - Marketing & Communications
Cubic Mission & Performance Solutions
442.330.5205
This email address is being protected from spambots. You need JavaScript enabled to view it.
Touchdown PR for CMPS
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bohn de Mexico adopts new Opteon™ XL40, Opteon™ XL20, and Opteon™ XL10 refrigerants for its BOHN Ecoflex commercial refrigeration equipment
WILMINGTON, Del.--(BUSINESS WIRE)--$CC--The Chemours Company ("Chemours") (NYSE: CC), a global chemical company with market-leading positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced an alliance with Bohn de Mexico, a leading commercial and industrial refrigeration equipment technology and manufacturing company with a presence in the Latin American region. As part of the alliance, Bohn de Mexico will adopt the non-ozone depleting (ODP) and low global warming potential (GWP) refrigerants, Opteon™ XL20 (R-454 C), Opteon™ XL40 (R-454A), and Opteon™ XL10 (R-1234yf) for its new line of BOHN Ecoflex condensing units.
"Today, users in the refrigeration industry demand efficient and affordable solutions that comply with current environmental regulations and support them in meeting their sustainability goals," said Miguel Escamilla, Chemours' Opteon™ Refrigerants Development Leader for Mexico CAC and the Andean region. "The transition to the use of low GWP refrigerants is one of the trends that will define the present and future sustainability of the HVACR industry in Mexico and the world. We are excited to provide Bohn de Mexico with our Opteon™ XL refrigerant solutions for their new line of Ecoflex refrigeration systems."
The Opteon™ XL refrigerant line offers very low GWP solutions that fit perfectly with Bohn de Mexico's new generation of Ecoflex equipment that provide cutting-edge technological innovations for optimal energy efficiency of refrigeration systems, as well as help the company meet its sustainability goals. This new equipment will enable an easier transition to sustainable technologies by reducing the need for high investment, operating costs for conversion, and adjustment to all store sizes and refrigeration requirements.
"BOHN is a leader in innovation, quality, service, and customer focus. Every day we innovate using state-of-the-art refrigeration technology, such as the adoption of Chemours' Opteon™ XL refrigerants. At the same time, we support the world to enjoy the benefit of cold in a sustainable way," commented Eloy Espinosa, Director of Engineering and Quality at BOHN.
The frozen food chain also needs an extensive and reliable spare parts supply network. The failure of a component or refrigerant for a few hours can lead to huge losses. The partnership between BOHN and Chemours will also ensure the availability of replacement products at the various locations where the systems will be installed, leveraging Chemours' network of authorized distributors that already supply traditional fluids.
In addition, Chemours continues to invest in the expansion of its Opteon™ production capacity to help meet growing cold chain demand. When Chemours opened its Corpus Christi, Texas facility in June 2019, it more than tripled the company's Opteon™ capacity, making it one of the largest HFO-1234yf production facilities in the world, a distinction it will maintain with its recently announced expansion project. The investment, along with ongoing debottlenecking projects, will further increase Opteon™ capacity by approximately 40%.
From transportation to food vending to air conditioning, Opteon™ refrigerants offer the optimal balance of performance, environmental sustainability, safety, and cost in many downstream industries and applications. These products were developed to meet stringent global environmental regulations while maintaining or improving performance compared to the current products they replace. A recognized leader in the manufacture and supply of sustainable, low GWP hydrofluoroolefins (HFO), Chemours continues to invest in and meet the needs of its customers as they continue to transition to low GWP refrigerants.
About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release contains 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, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
INVESTORS
Jonathan Lock
SVP, Chief Development Officer
+1.302.773.2263
This email address is being protected from spambots. You need JavaScript enabled to view it.
Kurt Bonner
Manager, Investor Relations
+1.302.773.0026
This email address is being protected from spambots. You need JavaScript enabled to view it.
NEWS MEDIA
Cassie Olszewski
Media Relations and Financial Communications Manager
+1.302.219.7140
This email address is being protected from spambots. You need JavaScript enabled to view it.
Experiencing a year of rapid growth, Leap expands its Board to help further scale its platform
SAN FRANCISCO--(BUSINESS WIRE)--Leap, a leading energy market access provider, announced today the addition of Carly Brantz to their Board of Directors effective November 14th. Brantz brings over 20 years of experience scaling high-growth technology companies and currently serves as Chief Marketing Officer for DigitalOcean.
“We’re thrilled to welcome Carly to the Leap Board of Directors and look forward to leveraging her wealth of experience at high-growth technology companies,” said Thomas Folker, Leap’s co-founder and CEO. “We’ve experienced tremendous growth over the past five years and Carly’s proven track record of delivering self-serve software solutions combined with strong developer relations will help to position Leap for continued growth.”
Leap’s software platform simplifies energy market participation for grid-connected distributed energy resources (DERs) such as smart thermostats, electric vehicle (EV) chargers and battery storage systems. The platform makes it easy for DER technology providers to connect their customer devices to the grid and provide support during peak demand periods. This makes the grid more resilient and unlocks new revenue streams for technology providers.
“Leap’s platform was instrumental in helping to avoid blackouts during this summer’s heat waves in both Texas and California,” said Brantz. “The rise in extreme weather events that strain the grid, increased reliance on intermittent renewable energy sources and rapid adoption of cloud-connect energy devices all point to strong growth projections for Leap’s platform. I’m thrilled to be a part of this energy transformation that will result in a cleaner, more resilient electric grid.”
As Chief Marketing Officer at DigitalOcean, Brantz oversees global marketing operations and is responsible for scaling its self-serve and sales-led acquisition initiatives, as well as creating the company’s social impact arm and driving developer relations and communications. She also spearheaded the launch of DigitalOcean’s brand refresh, increasing monthly web visitors by several million. Prior to joining DigitalOcean, Brantz served as Vice President of Revenue Marketing at SendGrid, where she led the growth of the company’s self-service platform, supported revenue growth increases of 40% year-over-year and helped execute strategy for the company’s acquisition by Twilio in 2019. Earlier in her career, Brantz served as the Director of Marketing at Return Path, a global leader in email deliverability.
About Leap
Leap is the leading global platform for generating new value from grid-connected resources and devices through integration with energy markets. Leap does all of the heavy lifting, seamlessly connecting technology partners to high-value revenue streams and providing a simplified, automated access point for market participation with batteries, electric vehicle charging, smart thermostats, HVAC systems, industrial facilities, and other flexible assets. By making it easy for new distributed resources to participate in energy markets, Leap lays the groundwork for virtual power plants (VPP). Leap empowers its partners to provide resilient, zero-carbon capacity to the grid while strengthening engagement with their customers through new value streams.
Caroline Thompson
Marketing Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
ITOCHU Corporation leads round and becomes latest strategic partner
SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--Upstart Power, a leading developer and manufacturer of solid oxide fuel cell (SOFC) power systems for on-demand backup power and distributed generation, announces the closing of a $17 million Series C financing. The new funds will be used to accelerate the ongoing global commercialization of Upstart’s innovative Upgen™ platform of next-generation on-demand backup and grid-augmenting solid oxide fuel cell generators.
The round was led by ITOCHU Corporation as part of a new strategic engagement with Upstart, and included participation from existing investors Enphase Energy, Sunnova, Rodgers Capital, H+ Partners, and Cricetus Felix Ventures. In parallel to the Series C financing, Upstart Power and ITOCHU also entered into a commercial agreement to co-develop, manufacture, market, and sell Upstart’s SOFC products in Japan.
Mr. Hiroaki Murase, General Manager, Sustainable Energy Business Department, ITOCHU, commented: “We are excited about our partnership with Upstart Power, and we see tremendous synergies between Upstart’s on-demand SOFC generation platform and ITOCHU’s energy storage and solar products. ITOCHU has extensive Grid 2.0 expertise with a deployed portfolio of over 50K residential solar and battery storage systems in Japan, networked into virtual power plants. Upstart’s SOFC generators can augment these deployments to deliver comprehensive distributed energy solutions. We look forward to launching Upgen SOFC generators into the Japanese market.”
Remarking on the strategic partnership with ITOCHU and the Series C financing, Dr. Paul Osenar, President and CEO, Upstart Power, said: “We are delighted to welcome ITOCHU as the newest member of the Upstart family. We are pleased with the success of our ongoing fundraising efforts and are very appreciative of the ongoing financial and strategic support of our existing investors and commercial partners. Japan is a very promising market for Upstart intermittent fuel cells. We are looking forward to working with ITOCHU on accelerating the adoption of renewable energy, enhancing energy resilience, and helping to build a distributed, sustainable energy society.”
Upstart Power, in close collaboration with its commercial partners, is currently conducting advanced field trials of the Upgen™ NXG fuel cell system in preparation for a full commercial launch into the North American market in the second half of 2023.
About Upstart Power, Inc.
Upstart Power designs and produces market disruptive solid oxide fuel cell (SOFC) generators for Residential and Industrial applications that are dependable, sustainable, carbon efficient, and virtually silent. The Upgen™ products from Upstart Power work collaboratively with battery storage to cover for grid outages and solar shortfalls, providing 24-7-365, long-duration resiliency. Founded in late 2018, Upstart Power is a privately held company, funded by investors including Enphase Energy, Sunnova Energy and Rogers Capital.
For more information, visit www.upstartpower.com.
About Itochu Corporation
The history of ITOCHU Corporation dates to 1858 when the Company's founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years. With approximately 100 bases in 62 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas. For more information, go to: https://www.itochu.co.jp/en.
Upstart Power
Robyn Kennedy DeSocio
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
614.877.8278 ex. 124
BOWLING GREEN, Ohio--(BUSINESS WIRE)--A-Gas, a world leader in environmentally responsible refrigerant management announced an expansion of service offerings in Austin, Texas, providing HVACR contractors from the greater Austin and San Antonio areas with quick and easy cylinder swaps.
“We’re thrilled to continue to offer multiple Texas HVACR communities essential services to support their business operations. With our Rapid Recovery® and Rapid Exchange® services in Austin, we’re also helping contractors implement sustainable business practices,” said Bray Melson, Regional Team Leader.
“With this added support of the Austin area, we’re proud that we can help support HVACR businesses while they continue to enable residential and commercial growth in our communities,” noted Rafael Regalado, Business Development Manager.
A-Gas’ Rapid Exchange service is a quick one-to-one cylinder swap where EPA-certified technicians visit customer locations. A-Gas customers can exchange their full refrigerant cylinders for clean, empty, vacuumed, and in-date cylinders, so they can service more of their customers.
The program also provides HVACR contractors with a clear way to monetize environmentally friendly practices. When cylinders are picked up, the refrigerant is tested; A-Gas pays the gross refrigerant weight and provides industry-leading EPA documentation.
A-Gas is focused on environmental stewardship through the lifecycle management of refrigerant gases and contributing to the circular economy. As a modern refrigerant reclaimer, A-Gas manages the full life cycle of refrigerants for its partners around the world and safely reclaims millions of pounds of material each year.
About A-Gas
A-Gas (U.S.), headquartered in Bowling Green, Ohio, is a trading subsidiary of A-Gas International (headquartered in Bristol, UK) and is the World’s largest refrigerant recovery and reclamation company. The company’s core business offers environmental solutions and lifecycle management services for ozone depleting substances and global warming agents including CFCs, HCFCs, HFCs, and Halons in the HVAC/Refrigeration and Fire Suppression Industries. For more information about A-Gas, please visit www.agas.com/us
Jaclyn Schilkey
This email address is being protected from spambots. You need JavaScript enabled to view it.
419-704-4737
Led by a team of seasoned investment professionals, the Galvanize Global Equity strategy aims to invest in companies that engage in the climate transition and deliver global decarbonization
SAN FRANCISCO--(BUSINESS WIRE)--Galvanize Climate Solutions (Galvanize), the climate-focused global investment firm, today announced the launch of Galvanize Global Equity, a new strategy that aims to invest in and partner with businesses positioned to lead and benefit from the climate transition.
Galvanize Global Equity combines extensive investment experience across sectors, industries and geographies with Galvanize’s integrated expertise across climate science, technology and policy. Through this lens, Galvanize Global Equity aims to take a holistic view across industry trends, secular shifts and the regulatory landscape to identify the most compelling investment opportunities. Galvanize Global Equity’s mission is to deliver compelling long term returns while catalyzing an acceleration of energy transition and climate aligned behaviors at portfolio companies.
“The climate transition represents a once in a lifetime investment opportunity,” said Tom Steyer, Co-Executive Chair of Galvanize. “We believe the companies that lead this imperative transformation of our economy— reshaping industries while driving decarbonization— will be the most valuable enterprises of our time.”
The strategy will be led by Seth Kirkham, Philip Goldsmith and Asad Rahman, who joined Galvanize this year and collectively have 70 years of experience in financial markets as a team. Kirkham and Goldsmith have been working together for six years and have been on the buy side for 23 and 20 years, respectively. Rahman has worked in financial markets for the past 18 years, investing across sectors and geographies, and working closely with management teams and boards at various companies in the US, EU, and Asia.
“Galvanize Global Equity is an important strategy launching at a crucial time as equity markets continue to reward companies that align with and deploy capital toward the climate transition,” said Seth Kirkham, Chief Investment Officer of Galvanize Global Equity. “It is our strong belief that we are entering a new era of business, where there is tremendous opportunity and growth for companies that engage in the energy transition and help to deliver global decarbonization.”
The objective is for Galvanize Global Equity portfolio companies to display a combination of attributes necessary to accelerate the climate transition, including a public commitment to address the climate transition, significant capital allocation toward transition aligned activities and the ability to influence supply chain, competitor and customer behavior.
ABOUT GALVANIZE CLIMATE SOLUTIONS
Galvanize Climate Solutions, launched in September 2021 by Katie Hall and Tom Steyer, is a mission-driven investment platform that will provide capital, expertise and partnerships necessary to produce and scale urgent climate solutions.
Galvanize aims to combine investment, technical, policy and communications expertise under one roof. Despite the progress that has already been made surrounding the climate crisis, there is still a significant gap between where we are headed and what the natural world needs to secure a livable future. Galvanize aims to help to close that gap by driving innovation, leadership and significant private sector investment to climate-focused companies and innovations.
This email address is being protected from spambots. You need JavaScript enabled to view it.
The company’s React Network is aiming to modernize the national power grid by creating a community owned network connecting energy storage assets to markets that value them
AUSTIN, Texas--(BUSINESS WIRE)--Anode Labs Inc. (“Anode Labs''), the team behind React, announced today that it has secured $4.2 million in funding to develop the world’s first community-owned, decentralized Web3 platform that offers small businesses and individuals cash and tokenized incentives for connecting their energy storage assets. React’s network will allow participants to connect their home batteries to the company’s Web3 network in order to be rewarded for the relative contribution of their specific assets. The first funding round was co-led by venture capital firms Lerer Hippeau and Lattice with follow-on participation from other notable investment firms including VaynerFund, CoinShares, and Digital Currency Group.
React’s platform is built to create a layer of flexibility that blankets our power grids, providing the necessary support to enable further decarbonization of the greater electric network. The International Energy Agency (IEA) estimates we need 10x the current amount of flexible load by 2030 to continue tracking to Net Zero by 20501. React’s community connected ecosystem will allow for participants with home batteries and in the future, EV chargers, to connect their devices to the React Network to earn compensation via cash rewards and token rewards.
“We’re incredibly honored to have these successful firms onboard and believe in our team’s vision to modernize a widely antiquated energy grid,” said Co-Ceo of Anode Labs, Dallas Griffin. “To us, Web3 technology is the future of not just how the industry conducts business, but how we ultimately move forward with green energy mass adoption.”
The company is led by co-founders Dallas Griffin, Jason Badeaux and Evan Caron. Griffin comes from world renowned investment banking firm, Piper Sandler, where he was a Managing Director within the Energy & Power Group. He earned his MBA at The University of Texas, where he was also captain of the Texas Longhorns football team and recipient of the William V. Campbell Trophy which is awarded annually to college football’s player with the best combination of academics, community service, and on-field performance.
Also hailing from the energy investment sector, Badeaux was formerly a Senior Associate at Bernhard Capital Partners, a leading middle market private equity firm that invests in critical infrastructure services within the power, utilities, and industrial industries. Badeaux earned his B.S. in Economics from Louisiana State University, where he graduated with honors.
Prior to co-founding Anode Labs, Evan Caron hails from the energy sector with his career spanning over 20 years in derivatives trading, venture capital and private equity investing and most recently co-founding HGP Storage, a battery storage and mobility development management platform.
“Blockchain applications have historically been extremely hard on the environment,” said Ben Lerer, Managing Partner at Lerer Hippeau. “Anode Labs’ React Network tackles the climate issue directly, by using decentralized Web3 technology to conserve energy and modernize how we use the power grid.”
_______________________________
Sources:
About React
The React Network is aiming to modernize the national power grid by creating a community owned network connecting energy storage assets to markets that value them. The U.S. is struggling to modernize the electric grid, and needs the grid to become more flexible to prevent power outages from the effects of climate change. Anode is creating opportunities for everyday homeowners to earn compensation while supporting the energy grid and combating climate change at the same time. To join the waitlist and make an impact, visit https://www.reactnetwork.io/.
About Lerer Hippeau
Lerer Hippeau is an early-stage venture capital firm founded and operated in New York City. Since 2010, we have invested in entrepreneurs who embody this city’s audacity, endurance, and winning mindset — good people with great ideas who aren’t afraid to do hard things. Our portfolio includes more than 400 leading enterprise and consumer businesses including Guideline, MIRROR, Blockdaemon, K Health, Allbirds, ZenBusiness, and Thrive. We’re experienced operators who invest early and stay in our founders’ corners as they build iconic companies. Learn more at lererhippeau.com.
Media:
Bryson Greene
Bevel PR
This email address is being protected from spambots. You need JavaScript enabled to view it.
PORTLAND, Ore.--(BUSINESS WIRE)--Global energy storage platform provider Powin LLC (Powin), will deliver a 1.9 GWh Battery Energy Storage System (BESS) for Akaysha Energy (Akaysha), a BlackRock company, to power the New South Wales (NSW) Waratah Super Battery (WSB) Project. Following a competitive procurement process, Akaysha Energy has been appointed by the Energy Corporation of NSW (EnergyCo) to develop the Waratah Super Battery — the most powerful battery in the world – to provide a service of at least 700 MW capacity as part of a System Integrity Protection Scheme (SIPS). Powin will supply 2,592 Centipede™ Energy Segments and 288 power conversion systems from their wholly owned subsidiary, EKS Energy for a total project capacity of 909MW / 1915 MWh. Powin will also provide a 20-year long-term service agreement (LTSA) which will enhance the reliability, efficiency and availability of power supplied by the mega battery.
This flagship SIPS project will unlock latent transfer capacity in the existing transmission system, help integrate renewable energy, and maintain grid reliability by acting as a ‘shock absorber’ if disruptions such as lightning strikes or bushfires interrupt the flow of electricity. The proposed WSB Project will ensure Sydney, Newcastle and Wollongong have access to more energy from existing generators while reducing the risk of power disruptions.
“Powin’s proven ability to deploy energy storage systems at scale coupled with EKS Energy’s unrivaled power conversion system, plant controller and systems engineering capabilities have made this an easy decision to select Powin as our technology partner,” said Nick Carter, Akaysha Energy’s Managing Director. “Together, Powin and EKS are one of few companies best positioned to meet the Australian grid operators’ high standards of performance as their vertically integrated platform combining the hardware and software controls allows for unparalleled response time and grid compliance.”
“We are honored to have been selected by Akaysha to deliver the most powerful battery in the world,” said Geoff Brown, CEO of Powin. “This is a pivotal moment for the industry as we begin to replace carbon emitting power plants, with cleaner, more efficient, and fast responding energy storage systems.”
Deemed as Critical State Significant Infrastructure (CSSI) by the NSW Government, the Waratah Super Battery is proposed to be located 100 kilometers north of Sydney at the former 1400MW Munmorah coal-fired power station. Pending approval, construction will begin in 2023 and is expected to be completed by mid-2025.
The Waratah Super Battery is independent of the 1.7GWh supply agreement between Akaysha and Powin that was announced back in August 2022, reinforcing the importance energy storage has for the Australian energy market.
About Powin, LLC (Powin):
Powin is a global leader in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin has delivered over 2,500 MWh of BESS in over 8 different countries and has a contracted pipeline to supply over 10,000 MWh of energy storage systems globally over the next three years. To learn more, please visit www.powin.com.
About Akaysha Energy (Akaysha)
Akaysha Energy brings together market leading experience in energy markets, technology, development, asset management and capital markets for end-to-end development of Battery Energy Storage Systems (BESS) and renewables projects in Australia and across the APAC region. For additional information on Akaysha Energy, please visit www.akayshaenergy.com.au.
Amy Silber
This email address is being protected from spambots. You need JavaScript enabled to view it.
ComEd offers industry-leading value, based on latest U.S. EIA cost data
CHICAGO--(BUSINESS WIRE)--The average monthly ComEd customer bill in the fourth quarter of 2022 was lower than the average charges paid by customers in 2021 in 49 out of 50 U.S. states, based on an analysis of the latest information from the U.S. Energy Information Administration (EIA).
ComEd’s work to manage costs has contributed to Illinois having the lowest average 2021 bill in the Midwest for a tenth year in a row and among the five lowest in the U.S, according to a recent announcement by the Citizens Utility Board. The average ComEd monthly bill is currently lower than it was last year, even as inflation has driven many costs higher, and it is no greater than 10 years ago.
“ComEd is working to support customers through reliable, clean, and affordable energy,” said ComEd CEO Gil Quiniones. “We’ve worked over the last decade to control costs while focusing on enabling more clean energy and improving the overall reliability of our grid. Our investments are providing our customers with the best electric value in the nation.”
The combination of nuclear, wind, and solar facilities in the northern Illinois region generates enough clean energy to meet 95 percent of ComEd customers’ demand when they consume it.
In addition to consistently providing competitive rates, ComEd has continued its record of strong reliability performance in 2022. Overall reliability for the first 10 months of the year was better than in any prior year and 82 percent better than when ComEd began to increase its smart grid improvements in 2012. Since it began its smart grid investments, ComEd and its more than 6,200 employees have helped customers avoid nearly 19 million outages, saving more than $3 billion in outage-related costs.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
New Aircore Mobility motor and Aircore EC motor honored for outstanding design and engineering in sustainability and embedded technologies categories
AUSTIN, Texas--(BUSINESS WIRE)--Infinitum, creator of the breakthrough air core motor, today announced it has received three CES® 2023 Innovation Awards Honoree designations. Infinitum’s new Aircore Mobility motor and its Aircore EC motor were honored for their outstanding design and engineering in the sustainability, eco-design & smart energy category. Infinitum’s Aircore EC was also honored in the embedded technologies category. This year’s CES Innovation Awards program was very competitive, receiving a record number of over 2100 submissions.
The CES Innovation Awards program, owned and produced by the Consumer Technology Association (CTA)® is an annual competition honoring outstanding design and engineering in 28 consumer technology product categories. The announcement of the winners was made on November 16th at 5:30pm EST ahead of CES 2023, the world’s most influential technology event, happening January 5-8 in Las Vegas, NV. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions and awarded honors based on innovation, engineering and functionality, aesthetic and design.
Traditional electric motors consume more than half of the world’s electricity. Infinitum’s patented motor design replaces the large, heavy iron core found in traditional motors with a lightweight printed circuit board (PCB) stator. Infinitum motors are 50 percent smaller and lighter, use 66 percent less copper and no iron, consume 10 percent less energy and are 9 times more durable than traditional motors. Infinitum motors are modular by design, making them easier to service and allowing the housing, rotors, and stators to be reused multiple times, serving future generations.
The Infinitum Aircore Mobility is an axial flux propulsion and traction motor designed for applications that drive, fly or sail. Aircore Mobility is engineered to operate at high speeds with maximum stability. The motor supports air cooling or liquid cooling to achieve power densities three to nine times the current density of a conventional motor. The motors are highly efficient over a wide range of load conditions, and modular design makes it possible to rapidly prototype a motor to match the rating configuration that best fits a given application. Aircore Mobility can sustainably power passenger and commercial electric vehicles, as well as aerospace, marine, construction, agricultural machines and auxiliary applications.
The Infinitum Aircore EC is disrupting the motor industry with its patented printed circuit board (PCB) stator and integrated, silicon-carbide-based Variable Frequency Drive (VFD), which provides precise control over motor operations and saves upwards of 65 percent of energy use depending on the application. The Aircore EC can sustainably power commercial HVAC fans and pumps as well as a variety of industrial equipment applications.
“Being recognized with three CES 2023 Innovation Awards Honoree designations for our Aircore Mobility and Aircore EC motors is a tremendous honor and achievement,” said Ben Schuler, founder and CEO of Infinitum. “Our talented team has worked for several years to design motors that go beyond traditional limits, pushing boundaries to deliver products that are better for the planet and future generations. We’re delighted that CES has recognized the outstanding technology design and engineering behind our visionary motors.”
Infinitum will be showcasing its Aircore EC and Aircore Mobility motors at CES 2023 in the Innovation Showcase and at booth 3971 in the Las Vegas Convention Center (LVCC), West Hall for Vehicle Tech & Advanced Mobility.
New for CES 2023 — CES has partnered with the World Academy of Art and Science (WAAS) to showcase the critical role of technology in support of the United Nations efforts to advance human security around the world. For CES 2023, CTA introduced a new category of Innovation Awards showcasing technologies advancing human rights. The Human Security for All category includes eight new tech subcategories.
The CES 2023 Innovation Awards honorees, including product descriptions and photos, can be found at CES.tech/innovation. More will be revealed in January. Many honorees will showcase their winning products in the Innovation Awards Showcase at CES 2023.
Owned and produced by CTA, CES 2023 will take place in Las Vegas on January 5-8, 2023, with Media Days taking place January 3-4, 2023. Attendees will experience new technologies from global brands, hear about the future of technology from thought leaders and collaborate face-to-face with other attendees. The show will highlight how innovations in sustainability, transportation and mobility, digital health, the metaverse and more are addressing the world’s greatest challenges. Audiences will hear from industry experts during live keynotes, including leaders from John Deere and AMD. Visit CES.tech for all CES 2023 updates, registration details and the media page for all press resources.
About Infinitum
Infinitum has raised the bar for a new generation of motor that is better for the planet and people. The company’s patented air core motors offer superior performance in half the weight and size, at a fraction of the carbon footprint of traditional motors, making them pound for pound the most efficient in the world. Infinitum’s electric motors open up sustainable design possibilities for the machines we rely on to be smaller, lighter and quieter, improving our quality of life while also saving energy. Based in Austin, Texas, Infinitum is led by a team of industry experts and pioneers. To learn more, visit goinfinitum.com.
Erin Gilmore
Activate PR on behalf of Infinitum
This email address is being protected from spambots. You need JavaScript enabled to view it.
512-466-4559
DUBLIN--(BUSINESS WIRE)--The "Global Ship Spares and Equipment Market Report and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global ship spares and equipment market attained a value of 8285.38 million in 2021. Aided by the growing international trade via sea route, the market is projected to further grow at a CAGR of 4.31% between 2022 and 2027 to reach a value of USD 10,707.26 million by 2027.
Ship spares and equipment are defined as the components which support the or fix the structure of a ship. These equipment are used to enhance the quality of a ship and to save the ship by fixing the failed unit. Good quality ship is directly proportional to the quality of ship spares and equipment used. Ship spares and equipment, such as propulsion systems and auxiliary systems, are crucial for a ship to keep it safe, which is why the global ship spares and equipment market is witnessing a steady growth.
The thriving marine transport sector across the emerging economies, owing to the growing sea trade of merchandise, consumer goods, and electrical equipment, among others, is fuelling the demand for ship spares and equipment. In addition to this, the increasing deployment of bulk carriers due to the increasing transportation of heavy goods is further bolstering the demand for high quality ship spares and equipment.
Cargo vessels, on the other hand, are witnessing a steady demand to delivery chemicals, which is another crucial driving factor of the market. Chemicals can be hazardous and mishandling or faulty ship unit can lead to a great harm to the environment and sea life. In this regard, the growing trade of commercial and industrial chemicals is further bolstering the global ship spares and equipment market growth.
Geographically, North America holds a significant share of the market. The United States of America is the largest spender on military and defence and has been upgrading its naval fleet owing to the rise in geopolitical tensions. Hence, the upgradation of naval ships is likely to bolster the demand for ship spares and equipment.
Market Segmentation
The market can be divided into the following segmentations.
Market Breakup by Product Type
Market Segmentation by Type
Market Classification by Ship Type
Market Segmentation by End Use
Market Breakup by Region
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the companies. Some of the major key players explored in the report are as follows:
For more information about this report visit https://www.researchandmarkets.com/r/mmks2h
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LOVELAND, Colo.--(BUSINESS WIRE)--Lightning eMotors, Inc. (NYSE: ZEV), a leading provider of zero emission medium-duty commercial vehicles and electric vehicle technology for fleets, announced today that on November 16, 2022 it entered into privately negotiated exchange agreements with certain holders (the “Noteholders”) of its unsecured 7.5% convertible senior notes due in 2024 (the “Convertible Notes”) to exchange $14.0 million aggregate principal amount of the Convertible Notes for approximately 13.3 million newly issued shares of its common stock.
The Company expects to complete the exchanges by November 21, 2022, subject to customary closing conditions. After the closing, $73.9 million aggregate principal amount of the Convertible Notes will remain outstanding.
Oppenheimer & Co. Inc. acted as exclusive financial advisor to the Company in connection with the exchanges.
The exchanges are being made pursuant to an exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended.
This press release does not constitute an offer to sell or a solicitation to buy any of the securities described herein, nor shall there be any offer, solicitation, or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Lightning eMotors
Lightning eMotors (NYSE: ZEV) has been providing specialized and sustainable fleet solutions since 2009, deploying complete zero-emission-vehicle (ZEV) solutions for commercial fleets since 2018 – including Class 3 cargo and passenger vans, ambulances, Class 4 and 5 cargo vans and shuttle buses, Class 4 Type A school buses, Class 6 work trucks, Class 7 city buses, and motor coaches. The Lightning eMotors team designs, engineers, customizes, and manufactures zero-emission vehicles to support the wide array of fleet customer needs with a full suite of control software, telematics, analytics, and charging solutions to simplify the buying and ownership experience and maximize uptime and energy efficiency. To learn more, visit our website at http://lightningemotors.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. You should not put undue reliance on any forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. We undertake no obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as may be required under applicable securities laws.
Brian Smith
This email address is being protected from spambots. You need JavaScript enabled to view it.
OAKDALE, Minn.--(BUSINESS WIRE)--InSitu Biologics, Inc. will share the latest investigational work on its multi-phase drug delivery matrix at the upcoming 21st Annual Pain Medicine Meeting of the American Society of Regional Anesthesia on November 18th, 2022.
The presentation entitled “Tunable Pharmacokinetics Of A Local Anesthetic Using A Multi-Phase Drug Delivery Matrix” was authored by InSitu Biologics team members: Bill Taylor, Chief Science Officer; Dr. Kelsey Pflepsen, Formulation Scientist; and Dr. Mark Ereth, Chief Medical Officer. This scientific report will highlight the Company’s work on multiple drug formulations within the multi-phase drug delivery matrix, demonstrating its ability to tune the matrix formulation’s drug-loading and prolonged-delivery characteristics. The tuned formulation further demonstrates the ability of the company’s platform technology to be modified for many different types of drugs.
“The presented results will highlight our team’s ability to tune the drug-delivery matrix to an optimally desired and clinically important duration of action for multiple drug classes,” said Dr. Mark Ereth, Chief Medical Officer of InSitu Biologics.
The abstract can be found here, and information on the ASRA meeting can be found here.
InSitu Biologics: InSitu Biologics is an emerging biotech company focused on the development of a multi-phase prolonged-release drug delivery platform for localized treatment of pain, cancer, and infection. The Company uses disruptive technology to address unmet needs in the pain management, inflammation, infection, and cancer drug delivery markets.
InSitu Biologics is currently conducting investigational pre-clinical work. The Company has no products approved for sale in any geography.
InSitu Biologics
Mark Ereth, MD
This email address is being protected from spambots. You need JavaScript enabled to view it.
KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Marine U.S. Business Unit will soon begin to use plant-derived cellulose nanofiber (CNF) reinforced resin in the production of specific watercraft parts. The CNF reinforced resin, developed through a collaborative agreement between Yamaha Motor Co., Ltd. in Japan (“Yamaha Motor”) and Nippon Paper Industries Corporation, Ltd., represents what appears to be one of the world’s first practical use of sustainable material for watercraft parts.*
The parts developed using this material are intended for installation on certain 2024 models of personal watercraft and sport boat engines. The use of this material in the production of Yamaha WaterCraft parts is a step toward the reduction of carbon dioxide as well as the company’s environmental footprint.
“We’re proud to be part of a company that proactively seeks sustainability solutions for its products,” said Ben Speciale, President, Yamaha U.S. Marine Business Unit. “Yamaha Motor has inspired the activities of Yamaha U.S. Marine Business Unit and applauded the 2019 launch of Yamaha Rightwaters™, our sustainability program that seeks to reclaim, mitigate and clean up the plastics we use, increase scientific research, improve habitat and sequester carbon dioxide.”
CNF reinforced resin is a new high-strength material manufactured by kneading and dispersing CNF, a biomass material made from wood resources, into resins such as polypropylene. In addition to being more than 25 percent lighter than existing resin materials, it also has excellent material recyclability, leading to a reduction in the amount of plastics used and greenhouse gas emissions, mainly carbon dioxide.
Working toward the new Medium-Term Management Plan (2022–2024) announced in February, Yamaha Motor continues to strengthen its sustainability efforts. In an effort to accelerate the carbon offset initiatives necessary to achieve its goals, the company will continue promoting the research and development of technologies that contribute to sustainability.
Yamaha Motor is examining the utilization of CNF reinforced resin not only in marine products but also in motorcycles and a wide range of other products in the future.
Yamaha Rightwaters is a national sustainability program that encompasses all of the conservation and water quality efforts of Yamaha U.S. Marine Business Unit. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3® Boats and Skeeter® Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
*According to research conducted by Yamaha Motor Co., Ltd. and Nippon Paper Industries Co., Ltd.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
All information based on availability at time of publication. While every effort has been made to ensure the accuracy of the information contained herein, Yamaha Motor Corporation, U.S.A .does not guarantee such accuracy, correctness, reliability or completeness of the information or anything related directly or indirectly to the use of this information in any way, and can’t be held liable for any errors in or any reliance upon this information.
Nicholas Genesi
Public Relations Manager
Yamaha U.S. Marine Business Unit
Mobile: (470) 898-7278
This email address is being protected from spambots. You need JavaScript enabled to view it.
Neal Wheaton
Wilder+Wheaton for
Yamaha U.S. Marine Business Unit
Mobile: (404) 317-0698
This email address is being protected from spambots. You need JavaScript enabled to view it.
SHARM EL-SHEIKH, Egypt--(BUSINESS WIRE)--#AAVE--This afternoon at COP27, the world’s largest gathering on climate action, a group of Web3 companies convened by ConsenSys and Allinfra, joined civil society leaders and the UNFCCC Climate Innovation Hub, to announce the creation of the Ethereum Climate Platform (ECP). Its mission is to incentivize and fund the development of real-world projects that will mitigate greenhouse gas emissions and deliver positive environmental and social impact long into the future. Founding members of the Platform launch team include: AAVE, Art Blocks, Celo, CodeGreen.Org, Enterprise Ethereum Alliance (EEA), ERM, Filecoin Green, Gitcoin, Global Blockchain Business Council (GBBC), Huobi Global, Laser Digital (Nomura), Microsoft, Polygon, The Climate Collective, UPC Capital Ventures, and W3bcloud, in collaboration with Gold Standard.
The commitment of the Platform is to redress and counteract the Ethereum-based carbon footprint dating back to the network’s launch in 2015. It will invest in ongoing science-based climate projects which promise to mitigate in excess of Ethereum's past emissions by leveraging Web3 native technologies, infrastructure, funding mechanisms and governance protocols. In addition to financing and otherwise supporting projects which deliver decarbonization at scale, the ECP will support new and innovative solutions in need of market validation, ensuring they will achieve tangible impact. These projects could range from nature-based carbon opportunities to green hydrogen, zero carbon power, heating, cooling and other utilities, to carbon removal projects, technologies and ecosystem services.
It is intended that the Platform’s climate mitigation strategy will be guided by a formal advisory process with leading players in the global environment space. Designees of aligned Non-Governmental Organizations (NGOs) and Intergovernmental Organizations (IGOs), plus representatives of regional and international climate organizations such as the Climate Collective, and other expert entities like sustainability consultancy ERM, are some of the stakeholders being engaged.
The announcement is being hosted at the UN Climate Change Global Innovation Hub at COP27. The Global Innovation Hub, launched in November 2021, aims to promote transformative innovations for a low-emission and climate-resilient future. The Hub facilitates climate solutions aligned with the UN’s SDGs. Hosted by the United Nations Framework Convention on Climate Change, the Innovation Hub leverages the convening power and climate leadership of the UN with the dynamism of the private sector. The Hub will provide a global cross-disciplinary community of practice with an opportunity to share ideas and design climate solutions in a spirit of radical collaboration.
Counteracting Ethereum's past carbon footprint
This announcement comes only two months after the Merge, the ambitious re-architecture of the world’s largest open programmable blockchain that also represents the largest known decarbonization event of any industry in history. After seven years of development, the transition to Proof of Stake made Ethereum become the first global collective climate action to shed, through innovation, more than 99.992% of its carbon footprint, according to the Crypto Carbon Ratings Institute (CCRI). While this shift represents a significant environmental step forward, the technology leaves behind an estimated carbon debt in the tens of millions of metric tons. One of the first projects to be undertaken by the Platform’s launch partners will be to underwrite a study to attain the most accurate estimate with respect to these past emissions.
“The Merge set a new and extremely high bar for climate mitigation across the entire business and financial sector. It demonstrated that through sheer force of collective will, we can successfully drive technological decisions that massively reduce carbon output. But the climate crisis requires more radical change. This is why we are excited to come together with collaborators from among the most prominent actors from Web2 and Web3, as well as civil society leaders to accelerate climate innovations through the Ethereum Climate Platform,” said Joseph Lubin, Founder and CEO of ConsenSys, CoFounder of Ethereum.
“Funding high-quality green projects is critical in the fight to mitigate human-driven climate change,” added Bill Kentrup, co-founder at Allinfra. “Yet, historically, the process of deploying capital to the right projects and assessing their real impact has lacked transparency, efficiency and timeliness. We are pleased to have the opportunity to design and launch a better Web3 enabled climate finance platform and we acknowledge the outstanding advice and counsel of the UN Climate Change Global Innovation Hub over the past months in the draft design of this novel approach. We look forward to the opportunity for the Platform to further engage with strategic leaders across climate and Web3 in collaborative efforts over the coming years”.
The platform is being built for and by the Ethereum ecosystem but the intention is to serve as a model to the global tech and business community to offset their own historic carbon footprint.
“We’re delighted to bring Microsoft’s history of leadership and experience with science-based sustainability approaches to this broader effort,” said Yorke Rhodes III, board member of the EEA and cofounder of blockchain at Microsoft. “Core to our collaboration on this initiative is to assist the Ethereum community to chart an informed path forward.”
“With The Merge, Web3 showcased two of its core traits, innovation and speed. Both are critical to deliver climate solutions in our current crisis,” added Sandeep Nailwal Co-Founder of Polygon. “We are excited to join forces with ConsenSys and our colleagues from Web2 and Web3 to tackle one of the most pressing challenges we face as citizens of the global community. The Ethereum Climate Platform is an important cross collaborative initiative to tackle the climate crisis. By working together, we will strive to affect real and lasting change that will provide a better reality for all.”
How to join the initiative
The ECP invites stakeholders from the Web3 space, climate technology and carbon market companies entering Web3, committed to decarbonization and global organizations seeking to eradicate their own historic carbon debt, to join the initiative by completing this form. In addition, civil society organizations are invited to put their extensive experience in climate action projects at the service of the Platform.
Stani Kulechov, founder and CEO of Aave Companies: “We are honored to join the United Nations Climate Action Conference along with prominent companies to form the Ethereum Climate Platform. Our goal is to fund and support innovative solutions that can significantly reduce greenhouse gasses and emissions. It is imperative that our industry utilize and build scalable and environmentally sustainable tech. The Merge was a huge step forward, eliminating almost all of Ethereum’s daily energy needs. This is a time when innovative and impactful solutions are needed to address climate change, and we must work together as an industry to support them.”
Rene Reinsberg, President, Celo Foundation: "With a deep commitment to advancing the regenerative finance (ReFi) movement, including Celo being the first carbon-negative blockchain and home to many climate-positive projects, we couldn't be more excited to deepen our ties to the Ethereum community to become a founding partner of the Ethereum Climate Platform."
Neil Cohn, Co-Founder and CEO of CodeGreen.Org: “CodeGreen.Org delivers blockchain solutions that encourage collaboration among technology providers by extending interoperability and functionality of foundational market infrastructure including the World Bank’s Climate Warehouse program. We are thrilled to join the ECP and its mission to scale direct investment into groundbreaking projects that address the challenge of our generation, the climate crisis.”
Dan Burnett, Enterprise Ethereum Alliance Executive Director: “Countries, governments, communities, and businesses of all sizes want a path forward to address the world’s climate emissions debt. The Ethereum Climate Platform addresses this need and makes Ethereum the first of many use cases to demonstrate how the world can benefit from this Platform. This is yet another example of Ethereum leading the way from moving to a more carbon-neutral footprint with the Merge to helping the world offset past climate emissions debt.”
Kushal Mashru, Global Head of Strategic Partnerships at ERM: “ERM welcomes this opportunity to help guide the ECP’s climate mitigation strategy. We urgently need to accelerate decarbonization efforts if we are to achieve the ambitions enshrined in the Paris Agreement, and the ECP embodies the type of industry collaboration and innovation in support of climate action that’s required at scale.”
Alan Ransil, founder of the Filecoin Green initiative: “The ECP is a groundbreaking way of pursuing decarbonization transparently and at scale. By financing new projects rather than simply buying existing carbon credits, the ECP will raise the bar for additionality while providing public data to prove the impact of these projects.”
Sandra Ro, CEO of the Global Blockchain Business Council (GBBC): “The Global Blockchain Business Council (GBBC) values this critical climate action initiative and are grateful to work alongside Web3 leaders. We foster consensus and collaboration among our members so they can build and accelerate open source solutions to tackle major sustainability issues. GBBC’s aligned relationship with ConsenSys is pivotal for advancing this goal.”
Ben West, Cause Round Lead at Gitcoin: "Gitcoin has already begun addressing the historic emissions associated with running our Web3 grants program by working in partnership with projects who use blockchain enabled carbon offsets, renewable energy certificates and other innovative solutions to quantify and verify climate action."
President of Gold Standard, and Ex-UNFCCC Executive Secretary Yvo de Boer: “The private sector needs to recognise more strongly that addressing climate change is a collective responsibility. To quote an old friend “business cannot succeed in a society that fails”. By working with Gold Standard this new initiative will ask the right questions, respect the right values and invest in the right projects to take responsibility for historic emissions – and by doing so will set an example to the wider private sector.”
Edward Chen, Head of Asset and Commercial Center at Huobi Global: “The blockchain industry has come under intense criticism for being the antithesis to climate change, but the Merge has proved the complete opposite. Web3 and sustainability can definitely work hand-in- hand, and we are proud to take part in COP27 as we discuss how superior green projects can be evaluated for investment. With the cooperation between Web3, Fintech and civil society thought leaders, great strides can be achieved in this space.”
Steve Ashley, co-founder and Chairman of Laser Digital (a Nomura company): “Nomura Group is a leading player in Green Finance and is committed to use all the available levers to limit and reverse climate change. Therefore, we are honored that one of the first initiatives of Laser Digital - the crypto subsidiary of Nomura - is to become a founding member of the Ethereum Climate Platform and leverage Web 3 technology to drive decarbonization”.
Anna Lerner, CEO of The Climate Collective: “The world needs to exponentially increase funding for high-quality decarbonization efforts and regenerative systems. The Climate Collective and our community are excited to partner with the Ethereum Climate Platform to leverage trusted, sustainable Web3 infrastructure to unlock innovative and verifiable climate action at scale.”
Wael Aburida, co-founder and CFO of W3BCLOUD: “W3BCLOUD is honored to be among the founding members of the Ethereum Climate Platform (ECP). From our origin, we have recognized the importance of prioritizing sustainable energy sources for Web3. This is exactly why we developed our data centers to be primarily powered using renewable energy. We look forward to bringing our insight and experience to the ECP to ensure a future in which our digital infrastructure comes with a minimal carbon footprint.”
This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.
Live Presentation on November 29th, 12:00 EST
ALBANY, N.Y.--(BUSINESS WIRE)--$SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for cryptocurrency mining and other intensive computing, today announced John Belizaire, CEO of Soluna Computing, will be participating in the Water Tower Research Fireside Chat Series on November 29, 2022, at 12:00 pm EST.
This event is open access for all investors to participate. Topics will include:
Interested parties can register for the event at the link below. Replays of the webcast will also be available after the event.
PLEASE REGISTER HERE
https://us06web.zoom.us/webinar/register/WN_wCJOl4o9QnyUE0tD_7EkMQ
About Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as cryptocurrency mining, AI and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’
For more information about Soluna, please visit www.solunacomputing.com or follow us on LinkedIn at linkedin.com/solunaholdings and Twitter @SolunaHoldings.
About Water Tower Research
Water Tower Research is an investor engagement and stakeholder communication platform powered by Wall Street veterans with significant experience and credibility. We create, deliver, and maintain the information flow required to build and preserve relationships between companies and all their stakeholders and investors. “Research for the other 99%™” opens the door for every investor to stay informed and ensures transparency, better engagement, and equal communication.
Soluna Computing, Inc.
Sam Sova
VP, Marketing
Soluna Computing, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
414 699 3667
Investor Relations
Brian M. Prenoveau, CFA
MZ Group – MZ North America
This email address is being protected from spambots. You need JavaScript enabled to view it.
561 489 5315
Water Tower Research
Graham Mattison
Senior Research Analyst
Water Tower Research
This email address is being protected from spambots. You need JavaScript enabled to view it.
Exelon will invest $29 billion in the energy grid from 2022 through 2025 to improve reliability and resilience, harden system against increasingly severe weather
CHICAGO--(BUSINESS WIRE)--Exelon (Nasdaq: EXC) energy delivery companies ComEd and PECO have been named to Site Selection magazine's 2022 list of Top U.S. Utilities in Economic Development, exemplifying Exelon's companywide commitment to driving investment, new business and job growth in the communities it serves.
“We invest billions of dollars into our infrastructure to ensure our customers have access to safe, reliable and affordable energy, which is critical as we lead the energy transformation and ready the grid for electrification,” said Calvin G. Butler Jr., president and chief operating officer of Exelon. “We help power the economic health and well-being of our communities by making it easier for new and expanding businesses to connect to a more sustainable, reliable and resilient grid, spurring job creation and economic growth.”
Site Selection is a national trade publication for corporate executives, site location consultants and real estate professionals who are responsible for choosing business and industry locations.
The magazine recognized Chicago-based ComEd for the ninth year, highlighting its success in launching 16 new commercial projects, with commitments to invest $3 billion locally and create 4,700 new jobs in northern Illinois. ComEd’s infrastructure investments include the construction of three new substations, which are helping to support large power-requirement projects like data centers, indoor agriculture farms, e-commerce and manufacturing-related industries.
PECO was recognized for the sixth year for its leading role in supporting economic growth and job creation across southeastern Pennsylvania, with commitments to invest $3.1 billion and create nearly 4,500 jobs. PECO’s infrastructure investments include electric distribution capacity enhancements to support the region’s growing life sciences industry, evolving network of warehouse/distribution centers, rising data center sector and many multi-family developmental projects.
Although ComEd and PECO were formally recognized by Site Selection, each of Exelon’s energy delivery companies supports major economic projects within its service territories to spur innovation and create jobs for those living in the region. Some highlights include:
More information about Exelon’s broader community investments, including local workforce development training programs, community and educational grants and employee volunteerism, is available at exeloncorp.com.
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest energy delivery company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to powering a cleaner and brighter future for our customers and communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.
Liz Keating
Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
312-394-7417 Exelon Media Hotline
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.