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- Attending the World Economic Forum Annual Meeting 2025 for the third consecutive year - Participating in the Oil & Gas Governors session and other discussions, focusing on energy transition and transportation cooperation - Introducing an Intelligent Future Shipyard with AI integration in collaboration with Palantir SEOUL, South Korea, Jan. 23, 2025 /PRNewswire/ -- HD Hyundai Executive Vice Chairman Chung Kisun attended the World Economic Forum Annual Meeting 2025 ("Davos Forum") in Davos, Switzerland, where he introduced the future of K-shipbuilding and discussed cooperation in the energy sector. HD Hyundai Executive Vice Chairman Chung Kisun in a promotional video by the global big data analytics company, Palantir Technologies. (Photo credit: Palantir Technologies) The Davos Forum serves as a global platform where leaders from politics, business, and academia gather to address and find solutions to pressing global challenges. This year's event, themed "Collaboration for the Intelligent Age," takes place from January 20 to 24. Chung's participation marks his third consecutive year at the forum, following his first attendance in 2023. During the forum, he took part in the Oil & Gas Governors, and Supply Chain & Transport Governors meetings consecutively, focusing on cooperation plans for realizing a Multi-Fuel Future, which includes energy transition and transportation, as well as optimizing the building and operating of Software-Defined Vessels through digital technology. These two governors' meetings bring together CEOs from leading global companies, including A.P. Moller-Maersk, PSA International, Shell, and TotalEnergies. Chung also unveiled the blueprint for the Future of Shipyard (FOS) project through a promotional video by the global big data company, Palantir Technologies ("Palantir"). The FOS is an advanced future shipyard that implements digital technologies such as data, virtual and augmented reality, robotics, automation, and artificial intelligence. This video, showcased at Palantir's booth on Davos Promenade, featured interviews with Chung and other HD Hyundai executives. It provided a glimpse of how cutting-edge digital technologies—including collaboration with Palantir—could transform the shipyard of the future. "For many decades now, HD Hyundai has been leading the world's shipbuilding industry with the most innovative technologies." said Executive Vice Chairman Chung. "(We are) drawing on the latest innovation in AI, digital twins, and so much more to transform our shipyards, unlocking a whole new level of productivity and safety." Since 2021, HD Hyundai has been driving the digital transformation of its shipbuilding business through the FOS project. This initiative focuses on enhancing on-site productivity using advanced technologies, with the goal of ultimately realizing an Intelligent Autonomous Operating Shipyard with minimal human intervention. HD Hyundai plans to complete the FOS project by 2030, with the goal of achieving a 30% improvement in productivity and a 30% reduction in greenhouse gas emissions.
SINGAPORE, Jan. 22, 2025 /PRNewswire/ -- PCX Markets, a marketplace for audited, traceable plastic waste recovery and responsible processing, today announced that it has been certified as a B Corporation™ (B Corp™), further recognizing the company's commitment to environmental and social responsibility. PCX Markets Earns B Corp Certification B Corp is a global movement of over 9,400 pioneering companies across 105 countries that use business as a force for good, and includes trailblazers like Ben & Jerry's, Patagonia, Allbirds, and Coursera. To become a B Corp company, PCX Markets underwent a rigorous assessment of every part of the business against five key impact areas: governance, workers, community, environment, and customers. Achieving B Corp Certification by the non-profit B Lab reaffirms PCX Market's deep commitment to transparency and accountability. "The team at PCX is on mission to accelerate the transition to a circular economy, and build a future where no plastic waste ends up in nature. We are proud to have achieved B Corp certification, and incredibly excited to join this global movement of purpose-driven businesses," said Sebastian DiGrande, PCX Markets CEO. The world has produced about 9 billion metric tons of plastic since the 1950s. Today, only 9% of plastic waste is recycled, 19% incinerated, and 72% is either landfilled, dumped, openly burned or ends up in the environment. Even if we were to reduce production from today's levels by 40% by 2050, the world would still produce another 11 billion tons that needs to be responsibly managed. PCX Markets activates an ecosystem of partners who collect, transport and responsibly process plastic waste, while supporting the communities most impacted by the global plastic waste crisis with programs that improve livelihoods and scale social impact. Companies that want to complement upstream reduction efforts by funding downstream plastic waste recovery can purchase credits issued by projects battling plastic pollution. One credit cleans up one metric ton of plastic pollution. The impact is delivered immediately and verified by a third-party auditor. PCX Markets, which is headquartered in Singapore, has enabled the clean up of over 108 million kilograms of plastic waste worldwide to date. "As a B Corp in the sustainability sector, we're thrilled to be counted among businesses that are building an inclusive, equitable, and regenerative economy," said Nanette Medved-Po, Founder of PCX Markets. ABOUT PCX PCX is on a mission to accelerate the transition to a circular economy and build a future where no plastic ends up in nature. PCX Markets is a fully transparent plastic credit marketplace for audited, traceable plastic waste recovery and responsible processing worldwide. Our marketplace activates an ecosystem of partners who collect, transport and responsibly process plastic waste, while supporting communities on the ground with programs that improve livelihoods and scale social impact. PCX Markets, which is headquartered in Singapore, has enabled the clean up of over 108 million kilograms of plastic waste worldwide. About B Lab B Lab is transforming the global economy to benefit all people, communities and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies - known as B Corps - who are leading the way. To date, our community includes over 900,000 workers in over 9,400 B Corps across 105 countries and 160 industries. The B Impact Assessment is used by more than 150,000 companies to help measure, manage and improve their impact. To learn more and join the movement, visit www.bcorporation.net. About Certified B Corporations™ Certified B Corporations, or B Corps™, are companies verified by B Lab to meet the high standards of social and environmental performance, transparency and accountability. For press enquiries, contact marketing@pcxmarkets.com
Corporate Knights acknowledges LG Energy Solution in the World's 100 Most Sustainable Corporations 2025 list, placing it in the top position among its industry peer group Recognition in sustainable revenue and sustainable investment were the main drivers of the strong performance, as well as energy productivity and GHG (Greenhouse gas) productivity Embracing responsibility as an industry leader, LG Energy Solution strives to bolster its own ESG management and pave the way to a sustainable battery ecosystem across the entire value chain, including indirect operations and suppliers SEOUL, South Korea, Jan. 22, 2025 /PRNewswire/ -- LG Energy Solution has ranked 12th on the list of 100 Most Sustainable Corporations in the World 2025 by Corporate Knights, marking its debut on the prestigious list. The company also secured the top position among its battery manufacturing peers. Corporate Knights' Global 100 is a global sustainability index that provides an annual ranking of the world's most sustainable corporations with annual revenues of over 1 billion USD. This year's evaluation examined 8,359 corporations, scoring companies based on 25 key performance indicators across areas such as sustainable revenue, sustainable investment, resource management, employee management, financial management, and supplier performance. A ranking on this list is widely considered a mark of distinction for ESG management excellence. LG Energy Solution's strong performance in the sustainable revenue and sustainable investment KPIs earned its recognition in the Global 100 assessment, meeting key criteria for ESG-conscious investors. The company received the highest possible scores in both areas, reflecting its core business of providing sustainable and reliable energy solutions and its significant investments in future growth engines. Corporate Knights also highly rated LG Energy Solution's energy productivity and GHG productivity, among other criteria. LG Energy Solution is dedicated to strengthening its ESG standards and practices, demonstrating the company's industry leadership. As such, the company has recently focused on preparations for stricter global regulations and ESG disclosure standards. Even before new international battery regulations, such as mandatory carbon footprint disclosure and battery passports, LG Energy Solution already adopted Life Cycle Assessment (LCA) in 2019 to evaluate the product impacts and transparently communicate with key stakeholders. LG Energy Solution aims to ensure the accuracy and credibility of LCA through third-party verification and Environmental Product Declaration (EPD) certifications, and the range of products covered by LCA and EPD continues to expand. In 2024, LCA covered battery cells with 83% of total capacity, and EPD certified battery cells with 60% of total capacity. Furthermore, the company made substantial progress in social footprint management, reducing the potential for adverse human rights impacts by adopting a due diligence process to identify, prevent, mitigate, and address such issues. Enhancing its ESG governance, LG Energy Solution is committed to effectively managing emerging challenges and fostering an ESG-driven work culture. In addition to reinforcing its own ESG management, the company is working to facilitate a sustainable battery ecosystem throughout its entire value chain by proactively supporting, engaging, and collaborating with its supply chain partners. Building on years of assessing and managing ESG risks in its Tier 1 suppliers, the company expanded these efforts in 2024, developing an IT management system that connects Tier-N suppliers for improved traceability and transparency. It plans to progressively broaden the scope of supply chain risk assessment, focusing on core raw material supply chains for critical regulatory compliance. To maintain transparency, LG Energy Solution published the 'Supply Chain Sustainability Report' this month, which provides information on its supply chain management system, strategies, and key achievements. "We are honored that Corporate Knights has recognized our leadership in sustainability and ESG practices, naming us one of the world's most sustainable companies," said David Kim, CEO of LG Energy Solution. "We are fully committed to realizing our vision of leading the future green energy era with innovation in electrification for a sustainable battery ecosystem." "As one of the world's largest battery manufacturers, LG Energy Solution is at the centre of what enables the transition to a net-zero economy. The company's inclusion in the 2025 Global 100 is a testament to its global leadership," said Toby Heaps, CEO of Corporate Knights. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.
SEOUL, South Korea, Jan. 22, 2025 /PRNewswire/ -- H2, Inc., an industry-leading vanadium flow battery (VFB) developer and manufacturer headquartered in South Korea, successfully raised $16 million in recent bridge funding, finalized in the second half of 2024. This brings the company's total accumulated funding to $77 million. The round was led by STIC Investments which is one of the largest and a leading private equity firm in Korea, with participation from KRUN Ventures and Lighthouse Combined Investment. The newly raised capital will be primarily allocated to constructing the company's new, state-of-the-art K2 Plant. This facility will significantly expand H2's manufacturing capacity to 1.2 GWh per annum, marking a major milestone in the global flow battery and long-duration energy storage industry. Scheduled to begin operations in 2026, the K2 Plant will triple the current capacity of the K1 Plant, which stands at 330 MWh per year. The company has already secured the land for the K2 Plant to achieve its target annual production capacity as quickly as possible. The K2 Plant will focus on producing H2's three flagship VFB products: the EnerFLOWTM 500 series, optimized for 4-hour energy storage applications, and the EnerFLOWTM 600 series, engineered for applications lasting 8 hours or more. The EnerFLOW 600 series incorporates H2's proprietary HYPERSTRUCTURETM technology, which significantly reduces system footprint. The first EnerFLOWTM 640 units are scheduled to be deployed in Spain's largest 8.8 MWh VFB project, with installation planned for mid-2025. In addition to the EnerFLOWTM series, the plant will support the mass production of UL-certified, high-performance 5000-series VFB stacks based on H2's proprietary design. These stacks are a key factor for success in the VFB industry. Dr. Shin Han, founder and CEO of H2, Inc. stated, "The successful bridge funding strongly validates H2's commercial readiness in terms of product quality and mass production capability. The forthcoming K2 Plant will be a pivotal asset, enabling us to meet the growing global demand for sustainable long-duration energy storage solutions that enhance grid resilience and support renewable energy adoption"
Recognized for innovative ammonia manufacturing technologies using low-temperature, low-pressure tech and renewable energy YOKOHAMA, Japan, Jan. 22, 2025 /PRNewswire/ -- Tsubame BHB Co., Ltd. (Head Office: Yokohama, Kanagawa Pref.; Representative Director and CEO: Koji Nakamura), which strives for the social implementation and commercialization of distributed ammonia production plants, has been named on Cleantech Groups. This annual 2025 Global Cleantech 100 list, now in its 16th year, showcases the most promising private cleantech companies making significant contributions to sustainable innovation. 2025 Global Cleantech 100 Tsubame BHB was established in 2017 as a venture company originating at the Institute of Science Tokyo (formerly the Tokyo Institute of Technology) with a Vision of "Tackle social issues, including environmental and food problems, using our unique state-of-the-art technologies." Its goal is to contribute to the on-site production of ammonia at distributed plants, using technologies that synthesize ammonia at low temperature and low pressure. Tsubame BHB uses electride catalyst technologies developed by Professor Emeritus Hideo Hosono and is focusing its efforts on the overseas deployment of these technologies, mainly in North and South America, Australia, and Africa. With the recent selection, the company was recognized for its innovative technology that enables the manufacture of ammonia at low temperature and low pressure, and which reduces environmental impact in comparison to conventional technologies. Ammonia, in addition to applications in fuel and chemical fertilizers, has gained attention as an important material for achieving a carbon neutral society. Through technical innovations in this field, Tsubame BHB will continue to work toward the further realization of environmental value and a carbon neutral society by incorporating manufacturing processes that utilize renewable energy. Tsubame BHB's main achievements Last year, Tsubame BHB welcomed its first overseas investors, and procured capital totaling approximately 5.3 billion yen in a Series C round of financing. It has gained increasing attention from overseas, for example becoming the only Japanese company to be selected for the "Startup Scale Program" in Germany. Recently, CEO Martins Brinins of MP INDUSTRIES, a green hydrogen project developer in Estonia, came to visit Tsubame BHB. In addition, a group representing PT PLN, an Indonesian government-owned power company, visited Tsubame BHB's pilot plant. This is an indication that various countries are showing an increased interest in the company's technologies. In Japan as well, the company has received an order for a second unit to be installed as a small industrial ammonia manufacturing facility, and this year, ammonia production is scheduled to begin at Tsubame BHB's first commercial unit in a small ammonia synthesis facility, which is being introduced for comprehensive verification tests in the manufacture and use of blue hydrogen and ammonia. About Global Cleantech 100 (https://www.cleantech.com/the-global-cleantech-100/） The Global Cleantech 100 program has been running since 2009 by Cleantech Group. Cleantech® Group is a research-driven company that helps corporates, public sector, investors and others, identify, assess, and engage with the innovative solutions and opportunities that are related to the world's massive, and growing, environmental and climate challenges. Their insights and expertise are delivered to clients all over the world through our Research, Consulting, and Events. The cleantech theme is poised for pivotal milestones in 2025 as market forces intensify and innovation accelerates. Continuing trends from 2024, including policy uncertainty, groundbreaking first-of-a-kind (FOAK) projects, and the surging demand for climate adaptation technologies, will emphasize the importance of product and project economics. "2025 will be remembered as a transformative year for cleantech. The bar has gone up for what kind of level of potential novelty, uniqueness, and cost improvements might be attractive," said Richard Youngman, CEO of Cleantech Group. "The Global Cleantech 100 highlights innovators who are building the foundation for a sustainable and economically viable future." About Tsubame BHB (https://tsubame-bhb.co.jp/ ) Tsubame BHB is a deep tech company with a Vision of "tackling social issues, including environmental and food problems, using our unique state-of-the-art technologies." Its goal is to contribute to the on-site production of ammonia at small-scale, distributed plants, using technologies that synthesize ammonia at low pressures and low temperatures. Established in 2017, Tsubame BHB utilizes electride catalyst technologies developed by Tokyo Tech's Professor Emeritus Hosono, and is currently strengthening the overseas deployment of these technologies, mainly in North and South America, Australia, and Africa. In 2023, the company was invited by the Japanese government to set up a booth at the COP28 UN Climate Change Conference in Dubai. We are the only Japanese company to have been selected for the Startup Scale Program in Germany in 2024, and we are currently promoting collaborations with companies mainly in the EU. Company overview Name: Tsubame BHB Co., Ltd.Representative Director and CEO: Koji NakamuraURL: https://tsubame-bhb.co.jp/Head office: 2-3-12 Shin-Yokohama, Kohoku-ku, Yokohama, Kanagawa Pref.Shin-Yokohama Square Building, 6FEstablished: April 2017Outline of business: R&D, sales, and facilities maintenance related to on-site ammonia supply systems R&D, manufacturing, and sales involving synthetic ammonia catalysts Manufacturing and sales of ammonia and ammonia-related products
Round led by Ansa Capital underscores industry need for an end-to-end carbon accounting platform that engages overlooked industries and drives business impact SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ -- Gravity, the leading enterprise carbon accounting and energy management platform, today announced a $13M Series A funding round, bringing the company's total funding to over $20M. The round was led by Ansa Capital, with participation from existing investors Eclipse, Hanover, and Caffeinated Capital, along with new investors Communitas Capital, Buoyant Ventures, and WEX Venture Capital. As part of the round, Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, will join Gravity's board of directors. Amidst a surge in carbon reporting requirements, sustainability teams are drowning in disclosure obligations, with little business impact to show for their efforts. With the majority of their time and resources spent on reporting and stakeholder engagement, there is little focus on action, which leads to companies leaving an estimated $2T on the table in energy efficiency savings alone. Gravity addresses this challenge head-on by delivering a carbon management solution that automates data collection and reporting, while empowering companies, even those in critical hard-to-abate industries, to reduce their energy consumption and costs. "Too often, sustainable disclosure is a manual, time-consuming chore that's detached from evergreen business priorities. Ultimately, behind every ton of emissions is a cost – whether it's energy spend, logistics investments, or purchased goods and services," says Saleh ElHattab, CEO and Co-Founder of Gravity. "Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically, while connecting the task of reporting back to every company's core financial priorities of cost and risk mitigation. Reporting should be easy and connected to business value." Unlike other platforms that require manual data entry, Gravity automates data collection and calculates audit-ready sustainability reports, offering a frictionless experience that has convinced over 60% of Gravity's customers to switch from other providers. Gravity's industry-leading data collection capabilities seamlessly integrate with each customer's existing energy tracking, supplier engagement, ESG measurement, and reporting modules, dramatically lowering their compliance burden and time spent on disclosure. One customer reported that Gravity's AI-powered bill scanning saved them an estimated 4,600 hours — or 578 days of work — annually. Gravity's platform also turns the act of reporting into one of value creation. Through energy audits, financing partnerships, and a marketplace of trusted vendors, Gravity is a one-stop shop for companies to execute projects that improve balance sheets by enhancing energy efficiency and unlocking new electrification and energy storage opportunities. One Gravity project – an HVAC optimization for a Midwestern utility – saved the customer over $2M annually. Another project, for a vertically integrated developer in Nevada, secured over $1M in federal incentives for construction improvements that were both sustainable and modernizing. "Gravity is the first platform we've seen successfully leverage LLMs to automate emissions reporting for large-scale organizations and turn carbon accounting into a value driver by identifying and executing cost-saving opportunities through their marketplace," said Marco DeMeireles, Co-Founder and Managing Partner at Ansa Capital. "With a founding team that combines deep industrial expertise with world-class climate strategy and engineering excellence, we believe Gravity will be instrumental in helping the largest emitters move beyond emissions calculation to actively managing their energy costs through pragmatic, high-ROI actions on one convenient platform." The solution has struck a chord with the market, driving 400% year-over-year revenue growth. Gravity works with Fortune 500 companies, global enterprises, and leading private equity firms, including WM, Autodesk, and MiddleGround Capital. It is also supporting the companies that make up their supply chains and portfolios, including construction firms like McCarthy Holdings, Inc.; distributors like TTI, Inc., a Berkshire Hathaway Company; and metals suppliers like Wisconsin Aluminum Factory. "We chose Gravity because it was the only solution that truly automated the data ingestion process and empowered us to go beyond reporting to reduce costs and increase business resilience," explains Sachin Shivaram, CEO of Wisconsin Aluminum Factory. "Thanks to Gravity, we are executing energy projects that deliver over $400,000 in annual savings, more than paying for itself. The team consistently goes above and beyond to anticipate our business needs, shepherding us through a journey that would have otherwise been very difficult." Gravity plans to invest the Series A funds in product research and development as the company expands its carbon management solution and customer experience. In particular, Gravity will double down on its energy efficiency marketplace, making it easier for customers to identify and implement energy efficiency projects and introducing new decarbonization and financing partners. The company will also expand its team in the US and EU to deliver the platform to new markets and empower customers to meet new regulatory reporting requirements. To learn about Gravity's solution and see the platform, visit their website here. About GravityGravity is an end-to-end carbon accounting and energy management solution that aligns sustainability and business impact. Built for energy-intense operations and companies with complex supply chains, Gravity empowers the world's makers and leading institutions to easily comply with emissions reporting requirements, win over customers, and reduce costs by optimizing energy use. With industry-leading technology, Gravity ensures customers can navigate the changing regulatory environment with confidence and execute projects that drive meaningful energy reductions, while protecting – and enhancing – their bottom line. Learn more and arrange a demo at www.gravityclimate.com. About Ansa CapitalAnsa Capital makes high-conviction, thesis-driven investments in technology companies scaling from early venture to early growth. Backed by leading institutions, including Princeton and Accolade Partners, we focus on investing in new markets, innovative distribution models, and modern software tools—serving as the hub for tomorrow's leading companies, operators, and ideas. We leverage our prior experience as partners to companies like CrowdStrike, Coinbase, Zscaler, and Peloton to support our operators' evolution into category definers. Our commitment extends beyond capital: our team and network of advisors aid founders in operational scaling, while our Revenue Council of experienced go-to-market leaders provides indispensable tools and resources to accelerate the path to market leadership. Our ambition is to be your most aligned and impactful partner. Learn more at www.ansa.co
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