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SYDNEY, April 27, 2023 /PRNewswire/ -- Australia's first laser fusion energy company HB11 Energy has signed a bilateral agreement with the University of Salamanca (USAL) and the Spanish Pulsed Lasers Centre (CLPU), to accelerate laser fusion energy development in Australia and Spain. Dr. Warren McKenzie, HB11 Energy Founder & MD The agreement will give HB11 Energy access to Spain's most powerful petawatt-class laser, operated by CLPU, which uses similar technology to the Livermore National Ignition Facility (NIF) where net energy gain was recently achieved. Australia's Ambassador to Spain Sophia McIntyre attended the signing of the agreement, due to the huge national potential for the bilateral partnership to put both countries at the forefront of the global race to clean, safe, reliable, and unlimited energy production using laser fusion. The Australian Government, through the Australian Research Council (ARC), has also awarded a $560,000 ARC Linkage grant towards a $1.76M project for the development of HB11 Energy's home-grown hydrogen-boron laser fusion, hosted by UNSW and involving collaborators at Macquarie University, University of Bordeaux and Spain's CLPU. Accessing CLPU facilities is particularly critical to HB11 Energy - and Australia as a whole - because Australia doesn't currently have the laser required for this work, whereas the laser owned by CLPU is a short-pulsed variety which is most advantageous for hydrogen-boron fusion. Conversely, CLPU is particularly interested in HB11 Energy and its Australian and global collaborative network, because it offers a best-practise approach to sourcing clean and affordable energy through laser fusion, and because of the capabilities it has built such as materials and laser target fabrication. The combination of Spain's expertise in nuclear science and ownership of ultra-high intensity laser facilities, with Australia's capability and personnel in laser science and technology, make for a strategically-matched international partnership that will progress science for fusion energy generation, says HB11 Energy. Dr. Warren McKenzie said: "The co-founder of HB11 Energy, Professor Heinrich Hora, first theorised about laser fusion in the late '70s and pioneered the field at UNSW Sydney. But the high-powered lasers needed to achieve the hydrogen-boron laser fusion did not exist back then like they do now. "Partnerships with organisations like the University of Salamanca and the CLPU are crucial for fusion energy research, like the research we will be conducting under the ARC Linkage grant, and beyond. "Australia needs to build its national laser fusion energy capability if we are going to lead the race towards fusion energy. This partnership is one of the many steps HB11 Energy is taking towards this goal, which will raise the profile of Australian research into laser fusion energy at a time when many governments around the world are planning major international laser fusion programs." Her Excellency Sophia McIntyre, Australia's Ambassador to Spain, said: "HB11 Energy's research with CPLU is groundbreaking and a great example of the growing science and technology ties between Australia and Spain. Collaborations like these place Australia in the vanguard of international research and help to build our scientific knowledge base and ensure we stay competitive." Dr. Maria Dolores Rodriguez Frias, director of CLPU, said: "Since the achievement of the laser laboratory NIF (US), Ignition is a reality in nuclear fusion. At CLPU we host the most powerful laser in Spain that counts among the three most powerful in the world at a high repetition rate. We are sure that this agreement will enhance our capabilities and strengthen our common interests fostering a green fusion energy in the next decades." The agreement signing was attended by: Director of CLPU María Dolores Rodríguez Scientific advisor at CLPU and long-time HB11 Energy collaborator Dr. Luca Volpe HB11 Energy's director and co-founder Jan Kirchoff HB11 Energy lead scientists Dimitri Batani and Sergey Pikuz Minister of Education of the Junta de Castilla y León, Rocío Lucas Rector of the University of Salamanca, Ricardo Rivero It follows HB11 Energy's recent establishment of a coalition of global laser technology heavyweights designed to kickstart Australia's laser industry and develop a petawatt-class laser facility locally. It also follows a CLPU experiment on proton boron fusion performed by a large collaboration of academics led by HB11 Energy, which is now one of very few laser experiments globally that has actually demonstrated a material number of fusion reactions. HB11 (www.hb11.energy) is creating the future of clean energy; safe, reliable, and unlimited electricity, generated by small nuclear fusion reactors that use abundant fuels with little or no harmful waste. It does this by using laser technology to fuse hydrogen and boron-11. Hydrogen is the most abundant element in the universe, while Boron-11 comprises some 80% of all Boron found in nature, is readily available, and is a stable, non-radioactive isotope. Unlike other nuclear and fossil-fuel burning plants, HB11 Energy's energy-generating process does not require large plants. Energy is released in the form of charged particles and can directly be converted to electricity without the need for steam turbines. This approach generates few neutrons through minority side reactions, which minimizes waste issues. There's no risk of a reactor meltdown and the energy generated can be directed straight to the grid.
This is part of its US$ 1.3 bn fund raise plan MUMBAI, India, April 27, 2023 /PRNewswire/ -- Avaada Group today announced that it has raised US $ 1.07 billion to fund its green hydrogen and green ammonia ventures in India as a part of its ongoing US$ 1.3bn fund raise plan. Brookfield Renewable, through its Brookfield Global Transition Fund (BGTF) will be investing up to US $ 1 billion in Avaada Ventures Private Limited. Global Power Synergy Public Company Limited ("GPSC"), will further invest US $ 68 million in Avaada Energy Private Limited for releasing debt obligations and supporting the growth. The Group is also in advanced discussions with potential investors to raise another US$ 200 million. Avaada Group has become future-ready in the global Energy Transition theme and has diversified into manufacturing of Green Hydrogen, Green Ammonia. The Group has also expanded its footprint into the Solar PV supply chain with manufacturing of solar cell and module. Avaada currently operates a renewable energy portfolio of ~4 GW with plans to reach 11 GW by 2026. Vineet Mittal, Chairperson and Founder, Avaada Group commented: "Avaada Group is a leading player in energy transition in India, building an integrated 'Sand to molecule' business aligned for the global energy transition towards decarbonization. I am delighted to welcome Brookfield to join us in our next phase of growth. The collaboration will support us in pursuing exciting opportunities as we play a critical role in meeting the exponential growth of sustainable energy and position ourselves at the forefront of the global energy transition. I'm also thankful to GPSC for their continued support in fulfilling our mission of delivering promise of a sustainable future for posterity." Nawal Saini, Managing Director, Renewable Power & Transition, Brookfield added, "We are pleased to be investing in Avaada through the Brookfield Global Transition Fund, which focuses on investments that accelerate the progress to a net-zero carbon economy. This strategic partnership will leverage Brookfield's global track record, access to capital and operational expertise alongside Avaada's strong local footprint, to enable their vision for the energy transition business. Brookfield remains committed to supporting the next generation of clean energy technologies and contributing to India's net-zero aspirations." Avaada Group: Social entrepreneur Vineet Mittal-led Avaada Group is an integrated energy platform with business interests ranging from manufacturing solar cells, modules and electrolysers to renewable power generation, green hydrogen, and green ammonia production. Avaada Group's flagship company Avaada Energy is India's fastest-growing renewable energy IPP. Within five years, it has developed an impressive portfolio of 4 GW and the firm plans to reach 11 GW by 2026 and 30 GW by 2030. The solar manufacturing business of Avaada is in the advanced stages of developing a manufacturing facility for wafer, cell, and modules. The group is also executing Green Ammonia projects across multiple geographies.
HONG KONG, April 26, 2023 /PRNewswire/ -- Recently, China Pacific Insurance (Group) Co., Ltd. ("CPIC" or the "Group"; Stock Code: 2601.HK, 601601.SH, CPIC.LSE) is pleased to announce its 2022 Sustainability Report, which is a second of its kind after CPIC has released corporate social responsibility reports for 13 consecutive years. In 2022, CPIC's Board of Directors has carried out the regulatory and policy requirements for ESG affairs in a bid to improve the company's ESG performance, sharpen its sustainable development capabilities, and facilitate its high-quality development. In the face of the complex and ever-changing situation, the Company has made sustainable development the key point, the main axis and the radiant surface to write a new chapter of quality development in the new era. By building harmonious stakeholder relationships, enhancing the ability to integrate social resources, improving good corporate governance, and assuming greater social responsibility, the company has forged the strengths of responsibility, leadership, internal drive, synergy and value for sustainable development, and is moving towards its goal of becoming a new leader. By improving ESG governance structure, strengthening the strategic leadership of ESG, clarifying key annual issues and promoting the integration of ESG into operational practices, CPIC's annual ESG performance highlights were outstanding during the reporting period. In terms of economy, Group operating income amounted to RMB455.372 billion, net assets amounted to RMB 228,446 billion and Group total number of customers amounted to 170.53 million. In terms of environment, the GHG emissions per capita were 0.75 tCO2e for the year, with 581.03 million electronic forms and 37,322 video/teleconferences. In terms of society, as of December 31, 2022, the total number of employees was 110,862, with ratio of female employees of 52.66%. The total expenditure on employee training was RMB3.66 million, with a public welfare donation of RMB50 million and a social contribution value of RMB5.57 per share. In terms of governance, 7 board meetings were held, 678 investor services were provided, and 102,161 employees participating in anti-corruption training was conducted for the year. Take up the responsibility for the country, do duty for the people and contribute to the society. Sustainable development responsibility has laid a solid foundation. In 2022, to serve the country, CPIC has taken the initiative to integrate into the big picture of national development. Putting the people at center stage, CPIC try to secure the wonderful life of the general public. After all, responsibility is the cornerstone of sustainable development. In terms of ecology and environment, by growing more than 2,000 mu of public welfare forest at Sanjiangyuan, where the Yangtze River, Yellow River and Lancang River originate, CPIC practiced the concept that lucid waters and lush mountains are invaluable assets. For the purpose of common prosperity, CPIC ushered in new products to serve new citizen groups and, on a cumulative basis, disbursed RMB 36.5 trillion in benefits for anti-poverty insurance. With respect to vulnerable groups, CPIC Blue Foundation took care of senior citizens living with cognitive disorders and children with autistic disorders, showing love to more than 55,000 people. As a result, social responsibility initiatives of CPIC Green, CPIC Blue, and CPIC Red figured more prominently. From development strategy, leadership improved the quality of CPIC's sustainable development. In 2022, CPIC took a crucial step forward in making the top-level design for sustainable development. In particular, CPIC prepared a three-year action plan, identified goals, and charted paths, for ESG. All these will help to lead CPIC forward. Today, CPIC have more powerful organizations for ESG work. The ESG leading group on the corporate level, the sustainable development leading group on the subsidiary level, and the professional agencies like green finance committees are not only powerful "brains" that direct work, but also important "hands" that execute plans. Moreover, CPIC's ESG practices are richer, and the ESG concept has further integrated into business operations, finding expression in ecosystems, communities, employees, customers and partners. Focus on internal management to enhance the internal motivation for sustainable development. Strong internal motivation is an inexhaustible source of power for the Company's sustainable development. In 2022, CPIC strengthened its corporate governance, it made directors more professional and better at leading the company on a strategic level. Tech innovation helps to stimulate vitality. CPIC founded Technology to create an advanced system of smart digital services and to "respond to 100 million users in seconds and compute all data real-time". Risk control helps CPIC hold on to bottom line. Risk management system is increasingly sound, thus enabling CPIC to conduct professional risk assessments and decision-making on the ESG insurance and investment sides and, in turn, helping the company to develop more steadily. Collaboration improved performance in sustainable development. In 2022, CPIC collaborate with stakeholders to help both the company and society achieve sustainable development. As a result, customer satisfaction with services has improved. The company's net promoter scores (NPS) have also increased steadily, making customers stickier than before. Employees now have a stronger sense of gain, too. CPIC have recruited high-level professionals, built a pool of young talents, and created a long-term mechanism for learning and growth. Moreover, CPIC's relationship with partners is closer than ever. The number of strategic customers has increased to 802. On the other hand, CPIC have forged a green supply chain with suppliers, creating a model for cooperation and win-win relationships. Put effort into green insurance, green investment and green operation, and values made CPIC's sustainable development more distinctive. In 2022, following the principles of sustainable insurance and responsible investment, CPIC have added value to both the company and the society in general. The green insurance offered protection for green development, covering more than RMB 8 trillion worth of insured objects in the fields of clean energy, pollution reduction, ecological protection, green transport, climate response and more. CPIC participated in green investment to build beautiful homes and investment in the fields of energy, environmental protection, water conservancy and pollution prevention was RMB150 billion. CPIC promoted harmonious ecological development by implementing green operation and following the green standard in building CPIC homes, data center, operation back-end and green commute to reduce energy consumption and improve the energy utilization efficiency. In 2023, Guided by the ecological civilization, CPIC will commit to the sustainable development to create a new leading position in the high-quality development of the insurance industry in the new era. About China Pacific Insurance (Group) Co., Ltd. China Pacific Insurance (Group) Co. Ltd. (hereinafter referred to as "CPIC", or the "Group"; Stock Code: 2601.HK, 601601.SH, CPIC.LSE) is an insurance holding company incorporated on the basis of China Pacific Insurance Company, which was established on May 13, 1991. It is headquartered in Shanghai, which is the first insurance group simultaneously listed on Shanghai, Hong Kong and London Stock Exchanges. CPIC is a leading comprehensive insurance group; the Company provides a broad range of risk solutions, financial planning and asset management services to over 100 million customers via its nationwide network of distribution and diversified services platforms. This press release is distributed by Wonderful Sky Financial Group Limited on behalf of China Pacific Insurance (Group) Co., Ltd.
Industry group seeks comments on its proposed protocol for a single low-carbon steel standard. WASHINGTON, April 26, 2023 /PRNewswire/ -- The Global Steel Climate Council (GSCC) today released a draft of The Steel Climate Standard, a global standard to measure and report steel carbon emissions. The standard focuses on reducing greenhouse gas (GHG) emissions from the global steel industry with a science-based glidepath to reduce emissions in line with the goal of the Paris Climate Agreement to achieve a 1.5º C scenario. The standard offers a single, technology-agnostic protocol that would apply to all steel producers equally on a global basis and would enable steel customers to know and compare the actual carbon emissions associated with steel products. In publishing its standard, the GSCC is inviting interested organizations to review The Steel Climate Standard and submit comments, which are due by May 17, 2023. The full text of the document and guidelines on submitting comments can be found at: https://globalsteelclimatecouncil.org "Steel companies and associations from around the world have come together to develop a standard that will enable our industry to reduce carbon emissions and encourage investments in lower emission technology as part of the global effort to decarbonize," said Greg Murphy, Executive Vice President, Nucor Corporation, and Chair of the GSCC. "Steel is integral to the functioning of global economies, including clean energy infrastructure. The Steel Climate Standard is a simple and understandable benchmark for reducing our industry greenhouse gas emissions and provides a transparent means for decision makers to make informed decisions," said Jeff Hansen, Vice President Environmental Sustainability, Steel Dynamics, and GSCC Board Member. GSCC is one of several groups and companies advocating for a global standard. Some in the United States and Europe are promoting a standard that features a "ferrous scrap usage sliding scale" – one standard for steel made from traditional production processes and another for steel made from circular processes. "Creating a dual standard would allow high-carbon emissions steel to be prioritized over lower-carbon steel. This is a form of greenwashing and serves to discourage innovation and allows high-carbon steelmakers to postpone making changes in their production process," said Phil Bell, President, Steel Manufacturers Association. GSCC's proposed standard is comprised of two main components: (1) product certification criteria that allows customers to know if the steel they are buying is on the glidepath to achieve the goals of the Paris Climate Agreement; and (2) a corporate-wide, science-based target-setting framework based on a 1.5-degree glidepath. The GSCC standard would measure all key GHG pollutants from Scope 1, 2 and 3 emissions. Producers would have to report independent verification of their emissions and reduction targets. The GSCC standard's product intensity goals for the steel industry are based on the International Energy Agency's (IEA) carbon budget for the iron and steel sector, which is aligned with the 1.5°C scenario for net zero emissions by 2050. "Steel will also contribute to the transition to a greener economy with the production of electric vehicles, wind turbines, solar arrays and other clean technology products. The GSCC standard offers a clear future for steel in a decarbonized economy and aims to achieve the lowest overall emissions from the sector by 2050," said Franc Cardona, Head of Public Affairs, CELSA Group and GSCC Board member. About the Global Steel Climate CouncilGSCC is a non-profit organization created to lead an effort to reduce steel carbon emissions and encourage investments in lower emission technology as part of the global effort to decarbonize economies and societies. GSCC members are steel manufacturers, associations and other organizations in the steel supply chain that have a presence in 79 countries around the world. For more information, please contact Caitlin Carroll at CCarroll@webershandwick.com or 770-330-3870.
BEIJING, April 25, 2023 /PRNewswire/ -- FOTON held the New Energy Vehicle Conference on April 13th in Beijing, announcing the company's upgrade of its new energy vehicle strategy to 2.0 from 2023. With the New Energy 30•50 business strategy, FOTON aims to have new energy vehicles account for more than 50% of its total sales by 2030 and become a world-class new energy commercial vehicle enterprise. FOTON also aims to achieve carbon neutrality by 2050 and become a global leader in green transportation ecology. FOTON New Energy Heavy Duty Truck In 2022, FOTON's overall sales reached 460,000 vehicles, with new energy vehicle sales of 21,761, representing a year-on-year increase of 154.81%. Chang Rui, the chairman of FOTON stated that the company regards the new energy strategy as its primary development strategy, and it invests in the new energy main track, accelerating development around the full value chain, including investment, research and development, supply chain, business models, and marketing ecology. FOTON started the research and development of new energy vehicle technology as early as 2003, becoming the first Chinese company to commercialize hydrogen fuel cell vehicles and pure electric products. It successfully served international high-end events such as the 2008 and 2022 Olympic Games. FOTON has independently developed pure electric, hybrid, and hydrogen fuel cell technologies and its new energy products, including electric light trucks, vans, and buses have passed the WVTA EU certification and are now fully entering Italy, Poland, Spain, and other European countries, while partnering with European light commercial vehicle companies. It is understood that the specific implementation path of Foton's New Energy Strategy 2.0 is the "1-2-3-X" architecture. "1" refers to a goal of becoming a world-class new energy commercial vehicle enterprise. "2" refers to two markets, China and overseas. "3" refers to the three-pronged approach of product leadership, technology leadership, and ecological chain integration. "X" includes exclusive platforms, independent technology, core modules, low-carbon industrial chains, business ecology, intelligence, energy technology, ecological technology, and others. With a sales target of 150,000 new energy vehicles by 2025, FOTON will initially establish a new energy ecological closed-loop system of "vehicle + charging pile + solar energy + storage + cargo + intelligence". By 2030, in cooperation with ecological partners, FOTON's new energy new ecology will become the largest producer of electric commercial vehicles, and the largest provider of clean energy in the new energy commercial vehicle market. Business Contact:https://www.foton-global.com/contact-us/
BLUETTI is Actively Responding to the Call of Earth Day 2023 SYDNEY, AUSTRALIA / ACCESSWIRE / April 22, 2023 / The planet is facing challenges, for example, extreme weather problems. People have learned that living a sustainable lifestyle is what everyone can do for the planet. Therefore, it is necessary to attach more importance to investing in our Earth. BLUETTI, as a powerful leader with more clean energy solutions, has always advocated a green and sustainable lifestyle, which is an achievable goal for every individual. BLUETTI is committed to developing an innovative renewable energy ecosystem and becoming a contributor to this goal. EARTH DAY Related Image Green Power Solutions with Reliable Batteries - Live it Safer & More Reliable & Greener Most BLUETTI products are powered by lithium iron phosphate batteries with a durable seven to 15 years lifespan, which are safer than traditional ternary batteries, and more environmentally friendly during their process of production, use and disposal. The BLUETTI power stations can be charged by both AC power and green solar power. From EB3A portable power supply to AC500 home backup power station, BLUETTI offers multiple sustainable energy solutions to meet the needs. Get Ready for a Sustainable Lifestyle -BLUETTI is the Key to a Worry-Free Life Whether enjoying the outdoors shooting, camping or other activities, BLUETTI EB3A/EB55/EB70 will power devices such as cameras, drones, phones, laptops or GPS. BLUETTI also provides AC200P/AC200MAX solar generators, which can keep refrigerators, microwave ovens and other electrical appliances going. The solar generators gather free solar energy to provide power for RV life, making the journey easier and more convenient. Trusted by BLUETTI's Users -BLUETTI's Concept of Living Sustainably is Supported by Customers In the released BLUETTI documentary, Australian Tom Phease lives on an off-grid farm. Tom uses BLUETTI AC300 and AC500 to provide power to his farm. He also sends an EB200P as a Christmas present to his friend Sarah, who is worried about the high electricity price. Sara uses this power to run her appliances at home and charges it with solar panels. BLUETTI will always strive to provide clean and independent energy for all human beings, let energy storage empower every family to live sustainably, and create a better world with love and innovation. For more information, please visit BLUETTI online at https://www.bluettipower.com.au/ or follow BLUETTI on: YouTube: https://www.youtube.com/c/bluettiofficial Facebook: https://www.facebook.com/groups/bluettipower.au Twitter: https://twitter.com/bluetti_inc Instagram: https://www.instagram.com/bluetti_australia/ Contact Information: Amanda Yan Integrated Marketing for BLUETTI pr@bluetti.com +8615013559696 SOURCE: BLUETTI ENERGY PTY LTD
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